Variety: Library Pictures to Cofinance Korean-Language Slate From N.E.W.
March 17, 2021
O’Melveny represented Library Pictures in its three-year co-financing deal with Next Entertainment World, a South Korean film production and distribution company known for popular films such as Train to Busan, Peninsula, and The Great Battle, Variety reported.
“Korean-language content is in the global spotlight thanks to its vibrant local market and superpower to travel beyond borders,” said Library CEO David Taghioff. “N.E.W.’s great taste, entrepreneurial thinking, and terrific relationships, both inside and out of Korea, make them not just a great partner, but one that truly meets the moment. We are incredibly excited to add them to our growing global consortium.”
With this deal, Library will fund a slew of Korean-language films in various stages of development over the next 36 months.
Variety subscribers can read the full article here.