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Korea Box Office Returns to Depressed Levels

Korean theatrical field workplace slipped again into its rangebound new regular over the weekend, with nationwide gross takings of simply $3.32 million between Friday and Sunday. That implies that the earlier weekend’s $4.7 million complete was an exception pushed by the Lunar New Yr festivities.

Till audiences rediscover an urge for food for movie in cinemas, and till distributors are prepared to launch vital new titles the Korean field workplace seems trapped between $3 million to $4 million per weekend.

That’s pushing Korea’s multiplex chains into additional ache. With revenues falling by a mean of 70% in 2020 all three main operators misplaced cash final yr. CJ-CGV’s internet loss final yr was KRW745 billion ($672 million). Quantity two chain Lotte Cultureworks recorded a internet lack of KRW161 billion ($145 million), whereas J Contentree, proprietor of Megabox, misplaced KRW66 billion ($60 million) on the working degree.

The highest title over the most recent weekend was new launch Korean comedy actioner “Mission: Doable” which earned $1.11 million over the three days, equal to 33% market share. In 5 days since launch on Wednesday, “Mission” has earned $1.50 million, in accordance to information from the Korean Movie Council’s Kobis monitoring service.

Earlier winner “Soul” took a tumble of 52% as its rating dropped from $1.84 million final week to $894,000 and slipped from first place to second. Since its Jan. 20 launch, it has collected $14.6 million, making it by far the top-grossing movie of the yr in 2021.

“Demon Slayer The Film: Mugen Prepare,” the yr’s second-biggest title, misplaced one place, falling to third place. Its weekend complete of $597,000 was 25% down on the earlier weekend. Its cumulative is $6.48 million since launch on Jan. 27.

All different movies out there have been a big distance behind the highest three. “New Yr Blues” took an 85% tumble on the best way to incomes $103,000 over its second weekend. It has a $1.37 million cumulative.
U.S. new launch “I Care A Lot” earned $84,000 in sixth place. Korea’s “Deo Beul Pae Ti” earned $37,000 for a five-day cumulative of $89,000. The Netherlands’ “Marionette” earned $27,000 in tenth place.

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