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Posted in: Entertainment & Media

Super Producer Miky Lee Keeps Rising After 'Parasite' Oscar Win

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Miky Lee, who this year is THR’s International Producer of the Year, is dominating the entertainment industry both here and abroad. The 62-year-old mogul’s unlikely Hollywood ascent reached a peak in February, when she took the stage and accepted the best picture Oscar statuette for Bong Joon Ho’s Parasite, a film that CJ backed and that she executive produced.

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KCON:TACT Season 2 announces star-studded virtual lineup of K-pop acts

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Standouts in the lineup include ATEEZ, who will be back for the virtual event for a second time after headlining the summer season of the event. Eyes will also be on DAY6, who will be appearing as Even of Day, their first unit since their debut five years ago. Most promising, however, is the abundance of the upcoming generation of K-pop, comprising rookies like TOO and VeriVery.

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CJ Group's Lee Mie-kyung elected as vice chairwoman of Academy Museum

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South Korean entertainment giant CJ Group executive Lee Mie-kyung, widely known as Miky Lee, has been chosen as vice chairwoman of the board of the Academy Museum opening next year in Los Angeles. The board is the governing body of the Academy Museum, overseeing the strategic vision and financial health of the organization that will open in April next year. The museum is led by the Academy Museum of Motion Pictures (AMPAS), which presents the annual Academy Awards.

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Studio Dragon sets sights overseas, $3.4 bn market cap possible: analyst

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South Korea’s leading drama producer Studio Dragon Corp. is expected to post handsome earnings in coming years, boosted by a steady stream of joint projects with global distributors as Korean dramas become a worldwide phenomenon. In a research report dated Sept. 15, Shinhan Investment Corp. analyst Hong Se-jong said Studio Dragon has significant growth potential, given the keen interest from global content distributors such as Netflix Inc. for joint productions of Korean dramas.

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Long-running TV program 'Get It Beauty' to make transition to online

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Entertainment company CJ ENM’s longest running beauty program “Get It Beauty” will make an online transition to meet the needs of its younger audience, offering new and diversified programs through online platforms as well as television from Sept. 25. According to CJ ENM on Thursday, “Get It Beauty” will transform into “Studio GB” (Studio Get It Beauty) and offer a variety of digital content for millennial and Generation Z audiences who are more familiar with digital platforms. Under the Studio GB brand, CJ ENM will offer beauty and fashion tips as well as other beauty-related content through Instagram, YouTube and Facebook that are suited for each platform.

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Kore-eda to make Korean debut ‘Baby, Box, Broker’ with ‘Parasite’ star Song Kang-ho

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Korean production house Zip Cinema is producing and CJ Entertainment is backing and distributing the film, which they say Kore-eda first conceived about five years ago and has since been working on the original script with local production staff. The story is about people who connect through ‘baby boxes’ which are set out so persons who are unable to raise their infants can leave them behind anonymously.

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CJ ENM: Profitability-focused Strategy Paying off

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CJ ENM reported revenue of KRW837.5bn and OP of KRW73.4bn. With people spending more time indoors amid the pandemic, revenue for digital media and commerce have been given a boost while that of TV ads/movies/music have been dampened. Media revenue climbed 33.3% QoQ despite COVID-19’s full-quarter impact; TV ad revenue plunged (-30% YoY), but this was offset by digital revenue, which hit a historic high (+16.6% YoY).

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Korean dramas push cultural content exports beyond $10 billion

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In 2019, Korean cultural content exports posted $10.3 billion, an 8.1% increase from 2018. It was the first time for such exports to exceed $10 billion, posting almost double the volume from the $5.27 billion posted in 2014. The introduction of over-the-top (OTT) media services has helped boost the global popularity of Korean dramas. Their reputation also rides on the acclaim of the Oscar-winning film “Parasite” and Korean boy band BTS.

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“Deliver Us From Evil” Surpasses 1 Million Moviegoers In Just 4 Days

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“Deliver Us from Evil” is off to a strong start at the Korean box office! On the morning of August 8, the Korean Film Council announced that as of 7 a.m. KST, Lee Jung Jae and Hwang Jung Min’s new film “Deliver Us from Evil” had officially surpassed 1 million moviegoers. According to the film’s distributor CJ Entertainment, the movie has amassed a total of over 1,078,000 moviegoers since its release on August 5—putting it on par with this summer’s biggest hit thus far.

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New Korean TV drama starring 'Parasite' actress to stream on Netflix

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“Record of Youth,” a new South Korean television drama starring Park So-dam of Oscar-winning “Parasite” and star actor Park Bo-gum, will be available on Netflix this fall, its production company said Thursday. The series co-produced by Studio Dragon and Pan Entertainment will stream in some 190 countries through Netflix starting Sept. 7.

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