Korean Internet Giant Kakao to Buy Prestige Film Producer Zip Cinema
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variety.comPatrick Frater Asia Bureau ChiefKakao Entertainment, part of South Korean internet giant Kakao Corp., is poised to buy leading Korean film production company Zip Cinema from its Singaporean owner Spackman Entertainment.
The deal is valued at S$19.8 million ($14.8 million).Zip Cinema is producer of “Broker,” the Korean-language debut of Japanese Palme d’or winner Kore-eda Hirokazu (“Shoplifters”), which is now in post-production and being sold by CJ Entertainment.
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