The move involves an investment of unspecified value and significance into Globalgate. It also sees the appointment of Globalgate’s executive chairmanas CEO of Maum affiliates, including Maum Culture Innovation and Maum Studio, which are focused on content-based businesses.
The pair explained that the deal and Pfeiffer’s expanded role are complementary to Globalgate’s array of 15 consortium partners. Maum was founded in 2021 by Brian Koo , who is the son of the late Koo Ja-hong, former chairman of LS Group, a large Korean conglomerate with interests in the materials and energy sectors. In 2022, the Palo Alto-based Maum made a KRW140 billion investment in Korean film production and distribution firm Showbox.
Globalgate has produced 20 films since its launch in 2016 and is working on a content development pipeline of over 75 projects across film, digital and TV series. Recent releases include “Dhamaka” and “Sin Hijos” . It is also readying “Hunting Season” and “Mama o Papa,” a Mexican adaptation of Korean hit film “Miss Granny.”
Congrats to evil Norm Macdonald
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »