Default, the highest November opening in the history of the Korean box office, raked in gross box office revenue of US$15 million and total ticket admissions of 2,090,526 since its release on 28 November 2018.
Spackman Entertainment Group Limited one of Korea’s leading entertainment production groups founded by international investor Charles Spackman, wishes to announce that the Group’s upcoming film, Default, produced by the Company’s indirect wholly-owned subsidiary, Zip Cinema Co., Ltd. , grossed US$15 million in box office revenue, surpassing more than 2 million tickets nine days since its official wide release in Korea on 28 November 2018.
Default, the top November release in the history of the Korean box office, continued to be released on an average of at least 1,114 screens daily. The film captured an average of at least 38% of the nation’s market share of box office revenue since its official release in Korea. According to the latest statistics from the Korean Film Council, Default, recorded total ticket admissions of 2,090,526 as of 6 December 2018.
In addition to being the producer of Default, the Group invested 10% of the film’s total production budget. The estimated total production budget for Default, including prints and advertising costs, is approximately KRW 9.7 billion (or USD 8.6 million).
Default has been presold to 17 countries including Canada, Italy, Japan, China (Hong Kong & Macau), Taiwan, Singapore, Indonesia, Malaysia, Brunei, the Philippines and the United States.
CJ Entertainment is the overseas distributor of Default. Clover Films Pte. Ltd., a Singapore-based film distributor, purchased the theatrical distribution rights in Hong Kong, Macau, Singapore and Taiwan.