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KBRA Assigns Preliminary Ratings to CF 2019-CF1

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Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 18 classes of CF 2019-CF1 (see ratings list below), a $662.0 million CMBS conduit transaction collateralized by 37 commercial mortgage loans secured by 60 properties.

The collateral properties are located in 25 states, with only one state, New York (17.0%), representing more than 10.0% of the pool balance. Texas (8.7%) and Illinois (8.4%) round out the top three state exposures. The pool has exposure to all the major property types, with the top three being office (32.5%), retail (17.4%), and multifamily (17.4%). The loans have principal balances ranging from $2.9 million to $50.6 million for the largest loan in the pool, 625 North Michigan Avenue (7.6%), which is secured by a 289,594 sf Class-A office building located in Chicago, Illinois, within the citys CBD. The five largest loans, which also include 3 Columbus Circle (7.6%), SSTII Self Storage Portfolio II (7.1%), 65 Broadway (6.0%), and Fairfax Multifamily Portfolio (5.3%), represent 33.6% of the initial pool balance, while the top 10 loans represent 56.3%.

KBRAs analysis of the transaction incorporated our multi-borrower rating process that begins with our analysts’ evaluation of the underlying collateral properties’ financial and operating performance, which determine KBRAs estimate of sustainable net cash flow (KNCF) and KBRA value using our U.S. CMBS Property Evaluation Methodology. On an aggregate basis, KNCF was 5.8% less than the issuer cash flow. KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 38.5% less than third party appraisal values. The pool has an in-trust KLTV of 93.8% and an all-in KLTV of 106.0%. The model deploys rent and occupancy stresses, probability of default regressions, and loss given default calculations to determine losses for each collateral loan that are then used to assign our credit ratings.

For complete details on the analysis, please see our pre-sale report, CF 2019-CF1 published at www.kbra.com. The report includes our CF 2019-CF1 KBRA Conduit Comparative Analytic Tool (KCAT), an easy to use, Excel-based workbook that provides the following information:

  • KBRA Deal Tape “ Contains KBRA loan level details for every loan in the pool, and the ability for users to input adjustments to KNCF and KBRA Cap Rates and see the related impact on key deal metrics.
  • KBRA Credit Metrics Comparison Tool “ Enables the user to compare the subject transaction to a user-defined transaction comp set. The feature provides many of the fields that are included in our CMBS Monthly Trend Watch publication.
  • Excel-based property cash flow statements for the top 20 loans.

To access ratings, reports and disclosures, click here.

Preliminary Ratings Assigned: CF 2019-CF1

Class         Initial Class Balance         Expected KBRA Rating
A-1         $9,039,000         AAA (sf)
A-2         $47,743,000         AAA (sf)
A-SB         $18,934,000         AAA (sf)
A-3         $50,595,000         AAA (sf)
A-4         $78,000,000 – $154,167,0001         AAA (sf)
A-5         $182,897,561 – $259,064,5611         AAA (sf)
A-S         $60,404,315         AAA (sf)
B         $32,270,798         AA (sf)
C         $30,615,885         A- (sf)
D         $19,031,496         BBB+ (sf)
E         $14,066,759         BBB- (sf)
F         $13,239,301         BB (sf)
G         $6,619,651         B (sf)
NR-RR         $22,341,322         NR
X-A         $463,375,5612         AAA (sf)
X-B         $123,290,9982         AAA (sf)
X-D         $33,098,2552         BBB- (sf)
X-F         $13,239,3012         BB (sf)
X-G         $6,619,6512         B (sf)
65B-A         $15,698,000         NR
65B-B         $10,481,000         NR
65B-C         $14,240,000         NR
65B-D         $13,784,000         NR
65B-E         $35,447,000 – $35,647,0001         NR
65B-HRR         $6,150,000 – $6,350,0001         NR
65B-X-1         $26,179,0002         NR
65B-X-2         $28,024,0002         NR

1 The exact initial certificate balances will be determined at final pricing.

2 Notional balance.

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About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

Analytical:

Elizabeth
Yash, Associate Director
(646) 731-3346
[email protected]

Yee
Cent Wong, Senior Managing Director
(646) 731-2374
[email protected]

Sacheen
Shah, Director
(646) 731-3363
[email protected]

Susannah
Keagle, Senior Director
(646) 731-3357
[email protected]

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Fraport Traffic Figures 2020: Passenger Numbers Fall to Historic Low Due to the Covid-19 Pandemic

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Massive passenger slump recorded at Frankfurt Airport and Fraport's Group airports worldwide – Relatively low decline in FRA's cargo volumes  

FRANKFURT, Germany, Jan. 18, 2021 /PRNewswire/ — FRA/gk-rap – Frankfurt Airport (FRA) welcomed some 18.8 million passengers in 2020, representing a decrease of 73.4 percent compared to 2019. With the outbreak of the Covid-19 global pandemic, Frankfurt Airport started to experience a major decline in passenger traffic in mid-March 2020. Between April and June, traffic almost came to a complete standstill – with weekly passenger figures plummeting by up to 98 percent year-on-year. Following a slight traffic recovery in the third quarter of 2020, a new rise in coronavirus infection rates led to intensified travel restrictions. This resulted in passenger numbers falling sharply once again in September and remaining low for the rest of the year. 

Fraport AG's executive board chairman, Dr. Stefan Schulte, commented: “The year 2020 brought extreme challenges to the entire aviation industry. In Frankfurt, passenger volumes dropped to a level last seen in 1984. Cargo traffic was one of the few bright spots, reaching almost the same level as in 2019 – despite the loss of “belly freight” capacity on passenger aircraft. Aviation played a vital role in ensuring the supply of essential medical goods to the world's population, particularly during the first lockdown.”

Aircraft movements at Frankfurt Airport contracted by 58.7 percent year-on-year to 212,235 takeoffs and landings in 2020. Accumulated maximum takeoff weights (MTOWs) shrank by 53.3 percent to about 14.9 million metric tons. In comparison, cargo throughput (airfreight + airmail) registered a relatively minor dip of only 8.3 percent year-on-year to just under 2.0 million metric tons.

In December 2020, FRA's passenger traffic slumped by 81.7 percent to 891,925 travelers. With 13,627 takeoffs and landings, aircraft movements declined by 62.8 percent compared to December 2019. MTOWs were down 53.6 percent to about 1.1 million metric tons. Cargo throughput grew by 9.0 percent to 185,687 metric tons in December 2020, rising for the third consecutive month.

Looking forward, CEO Schulte said: “Because of the recent launch of vaccination programs throughout many countries, we are optimistic that travel restrictions will be gradually lifted beginning in the spring.  Therefore, we expect Frankfurt's passenger traffic to rebound noticeably in the second half of 2021. Nevertheless, we have to realize that a difficult year lies ahead of us. While we are confident passenger traffic will exceed last year's level, we still expect Frankfurt to reach only 35 to 45 percent of the 2019 level.”

Fraport's international portfolio also hit by sharp traffic declines  

Across the Group, the airports in Fraport's international portfolio also recorded a sharp decline in passenger traffic during 2020. However, the Covid-19 pandemic impacted the individual Group airports to varying degrees over the months. At times, regular passenger operations were even suspended at some airports (Ljubljana, Antalya and Lima). In addition, wide-ranging travel restrictions affected most of the Group airports beginning in the spring.

Traffic at Slovenia's Ljubljana Airport (LJU) fell by 83.3 percent last year to 288,235 passengers (December 2020: down 93.7 percent). The Brazilian airports of Fortaleza (FOR) and Porto Alegre (POA) together received about 6.7 million passengers, representing a 56.7 percent decrease year-on-year (December 2020: down 46.2 percent). Peru's Lima Airport (LIM) reported a 70.3 percent slide in traffic to around 7.0 million passengers (December 2020: down 61.6 percent).

Serving a total of about 8.6 million passengers in 2020, the 14 Greek regional airports experienced a 71.4 percent plunge in traffic (December 2020: down 85.3 percent). Combined traffic at the Twin Star airports of Varna (VAR) and Burgas (BOJ) on the Bulgarian Black Sea coast decreased by 78.9 percent to about 1.0 million passengers (December 2020: down 69.7 percent).

Antalya Airport (AYT) in Turkey registered a 72.6 percent decline in traffic to about 9.7 million passengers (December 2020: down 69.8 percent). Last year, Russia's Pulkovo Airport (LED) in St. Petersburg saw traffic drop by 44.1 percent to about 10.9 million passengers (December 2020: down 38.5 percent). Xi'an Airport (XIY) in China achieved a slight recovery in the course of the year, following a strong reduction in traffic during the spring. In 2020, XIY registered about 31.0 million passengers – a 34.2 percent decrease year-on-year (December 2020: down 14.8 percent).

Print-quality photos of Fraport AG and Frankfurt Airport are available for free downloading via the photo library on the Fraport Web site. For TV news and information broadcasting purposes only, we also offer free footage material for downloading.  If you wish to meet a member of our Media Relations team when at Frankfurt Airport, please do not hesitate to contact us. Our contact details are available here.

 

Fraport AG

Dana Selin Kröll

Telephone: +49 69 690 31403

Corporate Communications

E-mail: [email protected]

Media Relations

Internet: www.fraport.com

60547 Frankfurt, Germany

Facebook: www.facebook.com/FrankfurtAirport

For further information about Fraport AG please click here.

 

 

Fraport Traffic Figures

December 2020

Fraport Group Airports1

December 2020

Year to Date (YTD) 2020

Fraport

Passengers

Cargo*

Movements

Passengers

Cargo

Movements

Fully-consolidated airports

share (%)

Month

Δ %

Month

Δ %

Month

Δ %

YTD

Δ %

YTD

Δ %

YTD

Δ %

FRA

Frankfurt

Germany

100.00

891,794

-81.7

182,568

8.9

13,627

-62.8

18,768,601

-73.4

1,914,285

-8.5

212,235

-58.7

LJU

Ljubljana

Slovenia

100.00

5,422

-93.7

1,143

11.0

686

-61.4

288,235

-83.3

10,559

-7.1

12,980

-58.8

Fraport Brasil

100.00

782,592

-46.2

6,111

-25.1

7,952

-38.3

6,718,048

-56.7

51,528

-39.8

70,809

-48.5

FOR

Fortaleza

Brazil

100.00

361,676

-47.7

3,494

-32.4

3,662

-34.7

3,156,418

-56.3

29,356

-39.3

32,897

-44.9

POA

Porto Alegre

Brazil

100.00

420,916

-44.8

2,617

-12.5

4,290

-41.1

3,561,630

-57.1

22,172

-40.4

37,912

-51.2

LIM

Lima

Peru

80.01

768,959

-61.6

18,422

-28.4

7,673

-54.9

7,017,414

-70.3

190,365

-29.8

73,255

-63.0

Fraport Regional Airports of Greece A+B

73.40

102,623

-85.3

471

-29.9

3,036

-56.2

8,611,780

-71.4

5,330

-29.9

101,007

-58.9

Fraport Regional Airports of Greece A

73.40

69,107

-87.2

400

-28.2

1,894

-59.3

4,838,669

-71.0

4,266

-26.6

54,767

-58.2

CFU

Kerkyra (Corfu)

Greece

73.40

4,826

-78.6

7

-18.7

229

-27.8

961,037

-70.7

72

-59.7

10,889

-57.0

CHQ

Chania (Crete)

Greece

73.40

9,125

-83.6

20

18.7

224

-55.4

703,482

-76.4

180

-52.7

7,392

-63.9

EFL

Kefalonia 

Greece

73.40

992

-72.0

0

0.0

88

-20.0

192,477

-75.1

2

> 100.0

3,184

-56.7

KVA

Kavala 

Greece

73.40

794

-85.3

2

-80.8

30

-74.6

72,674

-77.5

38

-61.8

1,142

-67.0

PVK

Aktion/Preveza

Greece

73.40

176

-52.0

0

n.a.

58

3.6

161,408

-74.2

0

-100.0

2,342

-58.1

SKG

Thessaloniki

Greece

73.40

52,035

-88.4

371

-28.9

1,187

-65.6

2,317,336

-66.4

3,974

-22.8

24,966

-55.2

ZTH

Zakynthos 

Greece

73.40

1,159

-63.7

0

n.a.

78

-22.0

430,255

-76.2

0

-98.4

4,852

-63.2

Fraport Regional Airports of Greece B

73.40

33,516

-78.6

72

-38.2

1,142

-49.7

3,773,111

-72.0

1,064

-40.5

46,240

-59.6

JMK

Mykonos 

Greece

73.40

1,400

-80.6

1

-49.0

56

-60.3

409,060

-73.1

47

-46.9

7,556

-59.8

JSI

Skiathos 

Greece

73.40

416

-61.8

0

n.a.

34

-22.7

88,916

-80.1

0

n.a.

1,600

-61.7

JTR

Santorini (Thira)

Greece

73.40

3,049

-90.4

4

-48.5

120

-73.0

572,963

-75.1

66

-61.2

7,286

-65.8

KGS

Kos 

Greece

73.40

4,577

-75.9

7

-70.0

182

-47.1

800,655

-70.1

162

-50.2

7,994

-59.6

MJT

Mytilene (Lesvos)

Greece

73.40

7,053

-75.0

22

-11.7

234

-48.9

206,095

-58.5

228

-34.6

3,729

-43.2

RHO

Rhodes

Greece

73.40

12,388

-78.2

26

-31.8

330

-39.1

1,551,123

-72.0

377

-39.8

14,801

-60.5

SMI

Samos

Greece

73.40

4,633

-63.2

11

-40.8

186

-37.6

144,299

-69.9

184

-20.5

3,274

-47.8

Fraport Twin Star

60.00

27,948

-69.7

1,015

> 100.0

474

-43.0

1,046,467

-78.9

3,934

-19.2

10,960

-69.1

BOJ

Burgas

Bulgaria

60.00

2,590

-79.0

1,014

> 100.0

94

-39.4

424,252

-85.3

3,889

-18.1

4,079

-79.6

VAR

Varna

Bulgaria

60.00

25,358

-68.3

1

-79.4

380

-43.9

622,215

-70.1

44

-64.1

6,881

-55.5

At equity consolidated airports

AYT

Antalya

Turkey

51.00

263,536

-69.8

n.a.

n.a.

2,473

-61.3

9,713,650

-72.6

n.a.

n.a.

65,223

-68.4

LED

St. Petersburg

Russia

25.00

828,230

-38.5

n.a.

n.a.

8,546

-32.5

10,944,421

-44.1

n.a.

n.a.

105,042

-37.7

XIY

Xi'an

China

24.50

3,212,568

-14.8

42,773

0.9

26,791

-6.4

31,083,681

-34.2

376,320

-1.5

254,607

-26.2

 

 

Frankfurt Airport2

December 2020

Month

Δ %

YTD 2020

Δ %

Passengers

891,925

-81.7

18,770,998

-73.4

Cargo (freight & mail)

185,687

9.0

1,952,628

-8.3

Aircraft movements

13,627

-62.8

212,235

-58.7

MTOW (in metric tons)3

1,100,860

-53.6

14,874,646

-53.3

PAX/PAX-flight4

91.7

-35.6

108.6

-26.0

Seat load factor (%)

51.9

58.4

Punctuality rate (%)

74.1

82.9

Frankfurt Airport

PAX share

Δ %5

PAX share

Δ %5

Regional Split

Month

YTD

Continental

59.5

-81.5

66.2

-72.3

 Germany

8.1

-86.5

10.1

-74.3

 Europe (excl. GER)

51.4

-80.4

56.1

-72.0

  Western Europe

41.8

-80.5

47.1

-71.6

   Eastern Europe

9.6

-79.9

9.0

-73.8

Intercontinental

40.5

-82.0

33.8

-75.3

 Africa

6.7

-76.6

4.9

-72.5

 Middle East

7.3

-77.9

5.5

-71.8

 North America

12.5

-83.6

10.6

-78.1

 Central & South Amer.

6.3

-75.9

4.4

-65.6

 Far East

7.7

-87.4

8.3

-78.2

 Australia

0.0

n.a.

0.1

n.a.

 

Definitions:1 According to ACI definition: Passengers: commercial traffic only (arr+dep+transit counted once), Cargo: commercial and non-commercial traffic (arr+dep excluding transit, in metric tons), Movements: commerical and non-commercial traffic (arr+dep), preliminary figures; 2Commercial and non-commercial traffic: Passengers (arr+dep+transit counted once, incl. general aviation), Cargo (arr+dep+transit counted once, in metric tons), Movements (arr+dep); 3Inbound traffic only; 4  Scheduled and charter traffic; 5absolute change vs. previous year in % ; *Cargo =Freight + mail

 

 

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42Gears SureMDM Simplifies Setting up Kiosk Mode on Linux Devices

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BANGALORE, India, Jan. 18, 2021 /PRNewswire/ — 42Gears today announced its capability to enable kiosk mode on Linux devices using the 42Gears mobile device management (MDM) solution, SureMDM. 42Gears SureMDM is now capable of managing, monitoring, and securing Linux, Android, iOS, iPadOS, and Windows devices from a single pane of glass.

42Gears Mobility Systems Logo

Although Linux already had a kernel lockdown feature that prevented developers from modifying the kernel in any way, businesses still needed a mechanism that could help them convert Linux devices into dedicated purpose tools if required. However, MDM solutions capable of locking down Android, iOS, iPad OS, and Windows devices lacked the capability to lockdown Linux devices. Thus, until now, businesses using Linux devices along with devices based on other operating systems had to use two separate platforms to enable kiosk mode on their enterprise devices.

“It's both effort- and cost-intensive for businesses to use a different solution to enable kiosk mode on Linux devices. This is the problem Linux Profiles addresses – it helps businesses restrict user access to approved apps and settings only using SureMDM, which is already capable of enabling kiosk mode on non-Linux devices,” said Prakash Gupta, CTO and co-founder of 42Gears. “This naturally means that businesses will no longer need two different solutions to manage Linux as well as other platforms. This will certainly have a positive impact on the total cost of ownership, while easing device management even further.”

Apart from enabling kiosk mode on Linux devices, Linux Profiles can also help businesses in:

  • User Management – IT admins can add or remove users, grant or revoke admin access, and allow users to access machines during specific windows of time
  • Wi-Fi Configuration – It is now possible for IT admins to remotely configure Linux devices with wireless network credentials
  • System Settings – This feature will allow IT admins to remotely control peripherals, install or update packages, and modify settings for Wi-Fi, Clipboard, and more
  • URL Blocking – IT admins can now block access to specific URLs on remote machines

Linux Profiles is already available for use by 42Gears customers ready to manage their Linux devices through SureMDM. Please email [email protected] with any inquiries. To learn more, visit the 42Gears Linux web page.

About 42Gears

42Gears is a leading Unified Endpoint Management solution provider, offering SaaS and on-premise solutions to secure, monitor, and manage all business endpoints, such as tablets, phones, desktops, and wearables. 42Gears products support company-owned as well as employee-owned devices built on Android, iOS, iPadOS, Windows, macOS, Wear OS, VR, and Linux platforms. 42Gears products are used in various industries, such as healthcare, manufacturing, logistics, education, and retail. 42Gears products are trusted by over 10,000 customers in more than 115 countries. For more information, please visit https://www.42gears.com.

Logo: https://mma.prnewswire.com/media/517153/42Gears_Mobility_Systems_Logo.jpg

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Spackman Entertainment Group’s #ALIVE the number one Asian film on Netflix U.S. in 2020

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  • Produced by the Group’s indirect wholly-owned subsidiary, Zip Cinema, #ALIVE is the highest ranking Asian film on Netflix U.S. in 2020
  • Headlined by Yoo Ah-in of Spackman Media Group, and Park Shin-hye, #ALIVE ranks 4th under Netflix’s most-watched international films in the U.S.
  • Following #ALIVE, Zip Cinema’s upcoming film, BROKER, to star Song Kang-ho, Gang Dong-won and Bae Doona and to be directed by Japanese film director, Kore-eda Hirozaku

SINGAPORE – Media OutReach – 6 January 2021  Spackman Entertainment Group Limited (“Spackman Entertainment Group” or the “Company” and together with its subsidiaries, the “Group“), one of Korea’s leading entertainment production groups, wishes to announce that #ALIVE, produced by the Company’s indirect wholly-owned subsidiary, Zip Cinema Co., Ltd. (“Zip Cinema“), achieved the top position as the most-watched Asian film on Netflix in the U.S. for the year 2020. 

 

According to The Wall Street Journal, #ALIVE ranked 4th out of the top 10 most-watched foreign movies on Netflix in the United States in 2020[1], making it the highest ranking among Asian films.

 

Following its theatrical run in Korea in September 2020, #ALIVE  took the first position on the global chart of TOP Movies on Netflix in the World on September 10[2]. #ALIVE was previously ranked #1 in 35 countries around the world based on viewership in Singapore, Thailand, Hong Kong, Taiwan, Japan, Australia, Russia, India, France, the United States, etc., during the same month of its release on Netflix[3]. The film premiered internationally on Netflix on 8 September 2020.

Starring top leading actor Yoo Ah-in of UAA&CO Inc., a subsidiary of the Group’s associated company Spackman Media Group Limited (“Spackman Media Group“), and superstar actress Park Shin-hye, #ALIVE previously crossed the 1 million ticket sales within five days of its theatrical release and maintained its #1 position at the Korean box office for three consecutive weeks. 

In Korea, #ALIVE achieved the top ranking in VOD sales since the first day of its post-theatrical release on 28 July 2020 in Korea[4], taking the #1 position at top IPTV channels including KT’s Olleh TV and Digital Cable TV Home Choice, as of 4 August 2020.

#ALIVE is based on an original scenario by Hollywood writer Matt Taylor, who produced the American documentary series, SMALL BUSINESS REVOLUTION: MAIN STREET.

The film relates the story of isolated survivors of a city under lockdown that gets out of control as a consequence of a sudden spread of an unknown infection. UAA’s Yoo Ah-in of DEFAULT (2018), BURNING (2018) & VETERAN (2015) shall play the role of Joon Woon, a gamer who survived by himself and becomes disconnected from the rest of the world. Park Shin-hye of MEMORIES OF THE ALHAMBRA (2018), THE DOCTORS (2016) & THE HEIRS (2013) takes on the role of Yoo Bin, another survivor who relies on her own survival skills throughout the extremely challenging situation in the city.

The film is distributed by Lotte Entertainment and directed by Jo II Hyung.

For more information on #ALIVE and its official trailer, visit the Group’s website at https://spackmanentertainmentgroup.com. #ALIVE is currently being screened on Netflix at https://www.netflix.com/title/81240831.

Following #ALIVE, Zip Cinema’s next major, with the working title, BROKER, to be headlined by leading Korean actors Song Kang-ho, Gang Dong-won and Bae Doona and directed by celebrated Japanese film director, Kore-eda Hirozaku, is scheduled to commence filming this year.

With BROKER, Zip Cinema is aiming to produce its fourth consecutive commercially successful film, after the release of #ALIVE (2020), CRAZY ROMANCE (2019) and DEFAULT (2018).



[1] The Wall Street Journal, https://www.wsj.com/articles/what-netflixs-lists-of-top-foreign-movies-and-tv-series-say-about-american-taste-11607562001, What Netflix’s Lists of Top Foreign Movies and TV Series Say About American Taste, 9 December 2020

[2] FlixPatrol, https://flixpatrol.com/top10/netflix/world/2020-09-10, TOP Movies on Netflix in the World on September 10, 10 September 2020

About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited (“SEGL” or the “Company“), and together with its subsidiaries, (the “Group“), founded in 2011 by Charles Spackman, is one of Korea’s leading entertainment production groups. SEGL is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea. According to Variety, Korea was the world’s fourth largest box office market in 2019, behind only North America, China and Japan.   

The Group also invests into and produces Korean television dramas. In addition to our content business, we also own equity stakes in entertainment-related companies and film funds that can financially and strategically complement our existing core operations. SEGL is listed on the Catalist of the Singapore Exchange Securities Trading Limited under the ticker 40E.

Production Labels

 

SEGL’s wholly-owned Zip Cinema Co., Ltd. (“Zip Cinema“) is one of the most recognised film production labels in Korea and has originated and produced some of Korea’s most commercially successful theatrical films, consecutively producing 10 profitable movies since 2009 representing an industry leading track record. Recent theatrical releases of Zip Cinema’s motion pictures include some of Korea’s highest grossing and award-winning films such as CRAZY ROMANCE (2019), DEFAULT (2018), MASTER (2016), THE PRIESTS (2015), COLD EYES (2013), and ALL ABOUT MY WIFE (2012). For more information on Zip Cinema, do visit http://zipcine.com  

SEGL also owns Novus Mediacorp Co., Ltd. (“Novus Mediacorp“), an investor, presenter, and/or post-theatrical distributor for a total of 79 films (58 Korean and 21 foreign) including ROSE OF BETRAYAL, THE OUTLAWS and SECRETLY, GREATLY, which was one of the biggest box office hits of 2013 starring Kim Soo-hyun of MY LOVE FROM THE STARS, as well as FRIEND 2: THE GREAT LEGACY. In 2012, Novus Mediacorp was also the post-theatrical rights distributor of ALL ABOUT MY WIFE, a top-grossing romantic comedy produced by Zip Cinema. In 2018, THE OUTLAWS, co-presented by Novus Mediacorp broke the all-time highest Video On Demand (“VOD“) sales records in Korea. For more information on Novus Mediacorp, do visit  http://novusmediacorp.com  

The Company owns a 100% equity interest in Simplex Films Limited (“Simplex Films“) which is an early stage film production firm. Simplex Films has the following films in the pipeline namely, A BOLT FROM THE BLUE, IRREVOCABLE PROMISE and OUR SUPERSTAR K.

The Company owns a 100% equity interest Take Pictures Pte. Ltd. (“Take Pictures“) which has a line-up of several films including STONE SKIPPING, GUARDIAN (working title) and the co-production with Zip Cinema for THE PRIESTS 2.

The Company owns a 100% equity interest in Greenlight Content Limited which is mainly involved in the business of investing into dramas and movies, as well as providing consulting services for the production of Korean content.

The Company owns a 20% equity interest in The Makers Studio Co. Ltd., which plans to produce and release four upcoming films, the first of which will be THE ISLAND OF THE GHOST’S WAIL, a comedy horror film.

Our films are theatrically distributed and released in Korea and overseas markets, as well as for subsequent post-theatrical worldwide release in other forms of media, including online streaming, cable TV, broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. We release all of our motion pictures into wide-theatrical exhibition initially in Korea, and then in overseas and ancillary markets.

Talent Representation

 

The Company holds an effective shareholding interest of 43.88% in Spackman Media Group Limited (“SMGL“). SMGL, a company incorporated in Hong Kong, together with its subsidiaries, is collectively one of the largest entertainment talent agencies in Korea in terms of the number of artists under management, including some of the top names in the Korean entertainment industry. SMGL operates its talent management business through renowned agencies such as MSteam Entertainment Co., Ltd. (Son Ye-jin, Lee Min-jung, Ko Sung-hee), UAA&CO Inc. (Song Hye-kyo, Yoo Ah-in, Park Hyung-sik), Fiftyone K Inc. (So Ji Sub, Ok Taec-yeon), SBD Entertainment Inc. (Son Suk-ku), and Kook Entertainment Co., Ltd. (Kim Sang-kyung, Kim Ji-young). Through these full-service talent agencies in Korea, SMGL represents and guides the professional careers of a leading roster of award-winning actors/actresses in the practice areas of motion pictures, television, commercial endorsements, and branded entertainment. SMGL leverages its unparalleled portfolio of artists as a platform to develop, produce, finance and own the highest quality of entertainment content projects, including theatrical motion pictures, variety shows and TV dramas. This platform also creates and derives opportunities for SMGL to make strategic investments in development stage businesses that can collaborate with SMGL artists. SMGL is an associated company of the Company.

The Company owns a 100% equity interest in Constellation Agency Pte. Ltd. 

(“Constellation Agency“). Constellation Agency, which owns The P Factory Co., Ltd. (“The P Factory“) and Platform Media Group Co., Ltd. (“PMG“), is primarily involved in the business of overseas agency for Korean artists venturing into the overseas market. The P Factory is an innovative marketing solutions provider specializing in event and branded content production. PMG is a talent management agency which represents and manages the careers of major artists in film, television, commercial endorsements and branded entertainment.

Strategic Businesses

 

The Company owns a 100% equity interest in Frame Pictures Co., Ltd. (“Frame Pictures“). Frame Pictures is a leader in the movie/drama equipment leasing business in Korea. Established in 2014, Frame Pictures has worked with over 25 top directors and provided the camera and lighting equipment for some of Korea’s most notable drama and movie projects including ITAEWON CLASS (2020), HOW TO BUY A FRIEND (2020), KIM JI-YOUNG, BORN 1982 (2019), FOUR MEN (2019) and ASADAL CHRONICLES (2019). 

Previously, Frame Pictures was also involved in GIRL COPS (2018), MALMOI (2018), SUITS (2018), MISTRESS (2018), LIFE (2018), LIVE (2018), MONEY FLOWER (2017), SWEET REVENGE (2017), BAD GUYS 2 (2017), THE LEGEND OF THE BLUE SEA (2016) and VETERAN (2015).

We also operate a café-lounge called Upper West, in the Gangnam district of Seoul and own a professional photography studio, noon pictures Co., Ltd.

For more details, do visit http://www.spackmanentertainmentgroup.com/  

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