Spackman Entertainment Group inks deal for ancillary rights to four future films

It will receive $2.4m as a minimum guarantee.

Catalist-listed Spackman Entertainment Group today revealed that its subsidiaries have entered into an agreement to receive a minimum guarantee of $2.4m (KRW 2b) in advance from KT Hitel for the ancillary distribution rights to four of its future productions.

The four movies will include three films produced or presented by Opus Pictures and one by Zip Cinema.

KTH, listed on the Kosdaq market under the ticker 036030, provides Internet connectivity services in Korea, including Digital contents distributions, ICT-based business solutions and T-Commerce data home shopping services. KTH is a subsidiary of KT, Korea’s largest telecom company.