KOBACO strikes deal with Showbox for joint production of films, videos
May 11, 2016
A state-run broadcasting ad agency said Wednesday it has signed a deal with a local film studio and distributor to invest 30 billion won ($25.7 million) in financing for the studio's new films and videos for the next four years.Under the deal with Showbox, behind such recent Korean box-office smashes as "The Thieves" and "The Throne," the Korea Broadcast Advertising Corp. will jointly produce Korean films and video content for various platforms to be distributed by the business partner.The two s