KOFIC’s 2014 May Film Industry Report

NEWS & REPORTS
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KOFIC News

NEWS & REPORTS

KOFIC’s 2014 May Film Industry Report

Jun 20, 2014

Writerby June KIM
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Revival of the Domestic Film Market

Last month’s admissions increased by 2.65 million in comparison to May last year to hit 16.86 million, and accrued approximately 133.6 million USD in total ticket sales. This result is due to the good mix of domestic (The Fatal Encounter, The Target, Obsessed) and international (X-Men: Days of Future Past, The Amazing Spider-Man 2) works that were received well throughout.

Korean films took 49.3% of the audience share, with 13 films that released, bringing in 65.1 million dollars in revenue. The Fatal Encounter and The Target brought in 6 million admissions together, and Obsessed alone brought in 1.3 million. On the other hand, there were a total of 76 international releases which took 50.8% of the audience share with X-Men: Days of the Future Past and The Amazing Spider-Man 2 taking the lead.

The cumulative admissions count was in comparison to last year, about the same between January to May, but the revenue rose slightly by 3.1%, to 18.2 million USD. Looking at the distributors, Lotte Entertainment hits first place with The Fatal Encounter in its line-up to receive 25.2% of the audience share, and closely behind is Twentieth Century Fox Korea with X-Men: Days of the Future Past, Rio 2, and The Grand Budapest Hotel receiving 21.5%, and CJ Entertainment is in third with 8 titles including The Target and Mr. Peabody & Sherman. Sony Pictures Releasing Korea comes in 4th with The Amazing Spider-Man 2, Maleficent, and NEW in 5th with 3 titles including Obsessed.

Diversity in Genre Lead to Popularity

It was possible to see that diverse genres were introduced in theatres throughout the month of May which took over the top ten chart. The Fatal Encounter is a period drama while The Target is a hard-core action film. Obsessed checks-off the melodrama genre, A Hard Day checks-off thriller, and A Girl at my Door drama.

Alternative Film: Her

Spike Jonze’s Her which won the Oscar for Original Screenplay, gathered 131,000 admissions and safely landed in the first place in the alternative film category. Only one domestic title was able to find a slot in the top ten list, which was the documentary, Sage Solutions.

Top Ten Box Office (May, 2014)

Rank	Title	Distributor	Release	Country	Screens (#)	Revenue (100,000 USD)	Admissions (10,000)
1	The Fatal Encounter	Lotte Entertainment	2014-04-30	Korea	1,055	278	354
2	X-Men: Days of Future Past	Twentieth Century Fox Korea	2014-05-22	USA	1,056	227	279
3	The Target	CJ Entertainment	2014-04-30	Korea	666	214	272
4	The Amazing Spider-Man 2	Sony Pictures Releasing Korea	2014-04-23	USA	1,312	179	217
5	Obsessed	NEW	2014-05-14	Korea	682	106	135
6	Rio 2	Twentieth Century Fox Korea	2014-05-01	USA	598	56	75
7	Godzilla	Warner Bros. Korea	2014-05-15	USA	610	60	71
8	Transcendence	Lotte Entertainment	2014-05-14	USA	417	54	69
9	A Hard Day	Showbox/Mediaplex Inc.	2014-05-29	Korea	645	34	44
10	Maleficent	Sony Pictures Releasing Korea	2014-05-29	USA	554	26	32

* Source: http://www.kobis.or.kr/kobis/business/stat/offc/searchOfficDistTotList.do
* Number of screens are determined by taking the maximum number of screens activated during the first week of the film’s release

Top Ten Box Office Alternative Films (May, 2014)

Rank	Title	Distributor	Release	Country	Screens (#)	Revenue (1,000 USD)	Admissions (1,000)
1	Her	Universal Pcitures International Korea	2014-05-22	USA	168	1,054	131
2	The Body	Sidus Pictures	2014-05-22	Spain	161	489	65
3	Weekend in Paris	PANCINEMA	2014-05-01	UK	31	234	29
4	Paganini: The Devil’s Violinist	Sidus Pictures	2014-04-23	Germany	100	103	14
5	Detachment	Prain	2014-05-08	USA	41	88	11
6	Approved for Adoption	Miru Pictures	2014-05-08	Belgium	48	34	5
7	Tom at the Farm	AT9FILM	2014-05-22	Canada	26	32	4
8	Philomena	Daou Tech Inc.	2014-04-16	UK	194	25	3
9	Sage Solutions	Cinema DAL	2014-05-15	Korea	18	19	3
10	Ginger and Rosa	Green Narae Media	2014-05-15	UK	17	19	3