Cineclick, Fantom announce merger
EmptyHONG KONG -- South Korean international sales and movie production house Cineclick Asia announced on Tuesday it has merged with Fantom Entertainment Group as part of Cineclick's plans to step up co-productions and movie investment.
The merger, which took effect March 12, combines Fantom's 11 entertainment-related affiliates -- including talent management, movie and television production, music publishing and distribution -- with the growing Cineclick Asia. The merged company will continue with the name Cineclick Asia for its visual entertainment business, where Cineclick will lead corporate strategy and general operations.
"Fantom is very enthusiastic about the film industry, but it did not have in-depth knowledge about the business," Suh Young-Joo, managing director of Cineclick Asia, told The Hollywood Reporter on the opening day of the Hong Kong International Film Festival.
With the merger, Suh adds the title of vp of the Film and Media Division at the Fantom Entertainment Group to her profile. "We can bring our expertise and take our business to the next level," she said.
Fantom, which is listed on Korea's KOSDAQ tech stock market, was founded in 1990 as a sporting goods manufacturer, and moved into entertainment in 2005.
Cineclick Asia was established in February 2000 as a division of Interclick Co., and since then has represented more than 45 Korean films, including "The Host," "Oldboy" and "Oasis." It recently moved into international investment and representation, with its first project, Chinese director Wang Quanan's "Tuya's Marriage," winning the Golden Bear at this year's Berlin International Film Festival.
Cineclick also is co-producing Siddiq Barmak's next film "Opium War," and is developing foreign language projects, both commercial and art-house, with producers and directors in China, Australia, the United States and Argentina.