Next Entertainment World

Next Entertainment World (Korean: 넥스트엔터테인먼트월드, Acronym: NEW) is a South Korean media content production and distribution company. The film investment and distribution business was founded in 2008 by former Showbox president Kim Woo-taek.[1][2] NEW has since evolved into a comprehensive entertainment company with subsidiaries venturing into other industries including music, sports, production, management, international distribution, and cinema.[3][4]

Next Entertainment World
Native name
넥스트엔터테인먼트월드
Nekseuteu Enteoteinmeonteu Woldeu
TypeJoint-stock
KRX: 160550
Industry
FoundedJune 25, 2008 (2008-06-25) (as Domeo Holdings)
Headquarters
5, Hakdong-ro 9-gil, Gangnam-gu, Seoul
,
South Korea
Area served
South Korea
Key people
Kim Woo-taek (CEO)
SubsidiariesMovie&NEW
Music&NEW
Studio&NEW
Bravo&NEW
Cine Q
Contents Panda
eNgine
New ID
Websiteits-new.co.kr

History

Domeo Holdings was the name of the holding company established in 2008. In 2012, it changed its name after a merger through absorption with the wholly owned subsidiary Next Entertainment World.[5] The music distribution corporation Music&NEW was established in 2012. In 2013, global distribution corporation Contents Panda was established. In 2014, Huace Media Group invested $52.7 million, and NEW was listed on KOSDAQ.[6] In 2015, NEW set up sports corporation Bravo&NEW and Korea-China joint venture Huace&NEW. 2016 marked the establishment of contents production corporation Studio&NEW. The Cine Q movie theater branch opened in 2017. In 2019, NEW established VFX company eNgine and digital contents business New ID.[7]

Business

Movie&NEW

Movie&NEW (stylized in all caps) is NEW's film investment, distribution, marketing, and public relations division. Notable distributed works include Miracle in Cell No. 7, The Attorney, Train to Busan, The Villainess, and Peninsula.[8]

In March 2021, NEW's film division signed a three-year contract with Hollywood investment company Library Pictures International.[9][10]

Music&NEW
Main article: Music&NEW

Music&NEW (stylized in all caps) is the music production, management, and distribution business.[11]

Studio&NEW

Studio&NEW (stylized in all caps) is a film and drama media content production company that has also expanded to management. Notable productions include the 2016 premiere project Descendants of the Sun and The Great Battle.[12] The studio has attracted more than ₩56 billion (USD$47 million) in investment within five years of establishment.[13]

In April 2021, Studio&NEW signed a five-year contract with OTT streaming service Disney+ with a commitment of supplying at least one project per year. Local media named Moving, a live adaptation of Kang Full's webtoon, and Star original series Rookie Cops as shows that are in the works.[14][15]

Others

Source:[5]

  • Bravo&NEW focuses on sports broadcasting rights distribution, athlete management, and event planning.
  • Cine Q is NEW's movie theater brand.
  • Contents Panda handles global copyright distribution and has distributed more than 660 works. Efforts are being made to sign overseas remakes.
  • eNgine provides visual effects services and has signed business agreements with 3D graphics companies Wysiwyg Studios and Vive Studios.
  • New ID is the digital content or platform subsidiary. It has partnered with global content platforms such as Samsung Electronics, LG Electronics, Vizio, Amazon, and Roku to launch digital broadcasting channels. It has also partnered with major broadcasters such as MBC Plus, KBS World, SBS Contents Hub, YG Entertainment, Starship Entertainment, and SK Telecom to provide solutions to export Korean wave content.

References
  1. "투자배급사 뉴 김우택 대표, 인생도 경영도 영화처럼" [Kim Woo-taek, CEO of New Investment and Distribution Company, Life and Management Like a Movie] (in Korean). Korea Economic Daily. 22 January 2013. Archived from the original on 2021-06-20. Retrieved 2014-02-15.
  2. "Next Entertainment World". Korean Film Biz Zone. Archived from the original on 2018-10-08. Retrieved 2014-02-15.
  3. "넥스터엔터, 中 화처 손잡고 한류영화바람" [Next Ent. wants to join hands with China's Huace for Korean Wave film wind]. Asia Kyungjae (in Korean). October 6, 2015. Archived from the original on June 20, 2021. Retrieved June 16, 2021 – via Naver.
  4. "Meet the Entrepreneur: Woo Taek Kim 90MBA". Emory Business. November 17, 2020. Archived from the original on February 3, 2021. Retrieved June 16, 2021.
  5. "NEW/분기보고서/2021.05.14" [NEW/Quarter Report/2021.05.14]. DART Financial Supervisory Service (in Korean). Retrieved June 17, 2021.
  6. "Chinese Investment Boosts Market Listing for South Korea's Next Entertainment World". Yahoo. December 19, 2014. Archived from the original on June 20, 2021. Retrieved June 17, 2021.
  7. "ABOUT NEW". Next Entertainment World. 2020. Archived from the original on January 24, 2021. Retrieved June 15, 2021.
  8. "MOVIE&NEW : ENJOY NEW MOVIE, GET BRAND-NEW ENTERTAINMENT". Next Entertainment World. 2020. Archived from the original on February 27, 2021. Retrieved June 15, 2021.
  9. "NEW, 할리우드 투자사 LPI와 투자 계약..."韓 영화 주목"" [NEW, investment contract with Hollywood investment company LPI... "Attention to Korean movies"]. Maeil Business Newspaper (in Korean). March 18, 2021. Archived from the original on June 20, 2021. Retrieved June 15, 2021 – via Naver.
  10. "Seoul-Based Financier NEW Partners With L.A.'s Library Pictures International On Slate Of Korean-Language Films". Deadline Hollywood. March 17, 2021. Archived from the original on March 18, 2021. Retrieved June 15, 2021.
  11. "MUSIC&NEW : TO THE TOP OF GLOBAL MUSIC WORLD". Next Entertainment World. 2020. Archived from the original on January 24, 2021. Retrieved June 15, 2021.
  12. "STUDIO&NEW : WE MAKE GLOBAL CONTENTS". Next Entertainment World. 2020. Archived from the original on January 24, 2021. Retrieved June 15, 2021.
  13. "스튜디오앤뉴, 220억 신규 투자 유치…기업 가치 2000억 콘텐츠 제작사 발돋움" [Studio & New attracts 22 billion won in new investment... A company valued at 200 billion won as a content producer]. Xports News (in Korean). September 8, 2021. Archived from the original on October 9, 2021. Retrieved October 9, 2021 – via Naver.
  14. "Studio & New signs five-year contract with Disney Plus". Korea JoongAng Daily. April 29, 2021. Archived from the original on June 15, 2021. Retrieved June 15, 2021.
  15. "Disney Strikes Korean Content Supply Deal With NEW Affiliate". Variety. May 3, 2021. Archived from the original on May 27, 2021. Retrieved June 15, 2021.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.