Library Pictures to Co-Finance Slate of Korean-Language Films

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The three-year multi-picture pact with Seoul-based studio Next Entertainment World adds to the Los Angeles-based company's expanding set of local-language filmmaking agreements across Asia.

The South Korean deal follows a series of financing pacts Library has unveiled in recent months. The company recently announced co-financing deals in Indonesia, Vietnam, and Turkey.

Added Library CEO David Taghioff:"Korean-language content is in the global spotlight thanks to its vibrant local market and superpower to travel beyond borders. NEW's great taste, entrepreneurial thinking, and terrific relationships, both inside and out of Korea, make them not just a great partner, but one that truly meets the moment. We are incredibly excited to add them to our growing global consortium.

CAA Media Finance, Evolution Media Capital, and O’Melveny & Myers advised on the deal. The deal was negotiated with Danny Lee and Whitney Kim for NEW.

 

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