Next Entertainment World#Studio&NEW
{{Short description|South Korean media content production and distribution company}}
{{Infobox company
|name = Next Entertainment World
|logo = Next Entertainment World logo.png
|native_name = 넥스트엔터테인먼트월드
|native_name_lang = ko
|romanized_name = Nekseuteu Enteoteinmeonteu Woldeu
|type = Joint-stock
|traded_as = {{kosdaq|160550}}
|genre =
|fate =
|predecessor =
|successor =
|foundation = {{Start date|2008|06|25}} (as Domeo Holdings)
|founder =
|defunct =
|location_city = 5, Hakdong-ro 9-gil, Gangnam-gu, Seoul
|location_country = South Korea
|locations =
|area_served = South Korea
|key_people = Kim Woo-taek (Chairman)
|industry = {{ubl|Entertainment|Mass media|Production}}
|production =
|services =
|revenue =
|operating_income =
|net_income =
|aum =
|assets =
|equity =
|owner =
|num_employees =
|subsid = Movie&NEW
Music&NEW
Studio&NEW
Bravo&NEW
Cine Q
Contents Panda
eNgine
NEW ID
|homepage = {{URL|its-new.co.kr}}
|footnotes =
|intl =
}}
Next Entertainment World ({{Korean|hangul=넥스트엔터테인먼트월드}}, Acronym: NEW) is a South Korean media content production and distribution company. The film investment and distribution business was founded in 2008 by former Showbox president Kim Woo-taek.{{cite web|url=https://magazine.hankyung.com/money/article/202101211221c|title=투자배급사 뉴 김우택 대표, 인생도 경영도 영화처럼|date=22 January 2013 |trans-title=Kim Woo-taek, CEO of New Investment and Distribution Company, Life and Management Like a Movie|publisher=The Korea Economic Daily|access-date=2014-02-15|language=ko|archive-date=2021-06-20|archive-url=https://web.archive.org/web/20210620044943/https://magazine.hankyung.com/money/article/202101211221c|url-status=live}}{{cite web|url=http://www.koreanfilm.or.kr/eng/films/index/company.jsp?companyCd=20100932|title=Next Entertainment World|website=Korean Film Biz Zone|access-date=2014-02-15|language=en|archive-date=2018-10-08|archive-url=https://web.archive.org/web/20181008214146/http://www.koreanfilm.or.kr/eng/films/index/company.jsp?companyCd=20100932|url-status=live}} Seo Dong-wook and Jang Kyung-ik are the founding members of NEW.{{Cite web |date=2019-01-09 |title=[인사] NEW, 장경익 영화부문 대표이사 선임 |url=https://sports.hankooki.com/news/articleView.html?idxno=6373286 |access-date=2024-01-21 |website=스포츠한국 |language=ko}}{{Cite web |date=2013-01-07 |title=20억으로 설립한 뉴, 어떻게 영화계에서 떠올랐나 |url=https://star.ohmynews.com/NWS_Web/OhmyStar/at_pg.aspx?CNTN_CD=A0001822203 |access-date=2024-01-23 |website=OhmyStar |language=ko}}{{Cite web |title=[커버스토리 {{!}} 한국 영화 '천만시대' 03] "매출보다 수익에 집중, 될 만한 작품 고르죠" |url=https://n.news.naver.com/mnews/article/037/0000015645?sid=103 |access-date=2024-01-23 |website=Naver News |language=ko}}{{Cite web |last=main |title=NEW 서동욱 부사장, 언제나 새로운 길 위에서, 즐거운 고군분투 중 |url=https://www.korea.ac.kr/user/www.korea.ac.kr |access-date=2024-01-23 |website=Korea University |language=ko}}
NEW has since evolved into a comprehensive entertainment company with subsidiaries venturing into other industries including music, sports, production, management, international distribution, and cinema.{{Cite news|url=https://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=101&oid=277&aid=0003597718|title=넥스터엔터, 中 화처 손잡고 한류영화바람|trans-title=Next Ent. wants to join hands with China's Huace for Korean Wave film wind|work=Asia Kyungjae|date=October 6, 2015|access-date=June 16, 2021|language=ko|via=Naver|archive-date=June 20, 2021|archive-url=https://web.archive.org/web/20210620044822/https://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=101&oid=277&aid=0003597718|url-status=live}}{{Cite news|url=https://www.emorybusiness.com/2020/11/17/meet-the-entrepreneur-woo-taek-kim-90mba/|title=Meet the Entrepreneur: Woo Taek Kim 90MBA|work=Emory Business|date=November 17, 2020|access-date=June 16, 2021|language=en|archive-date=February 3, 2021|archive-url=https://web.archive.org/web/20210203220217/https://www.emorybusiness.com/2020/11/17/meet-the-entrepreneur-woo-taek-kim-90mba/|url-status=live}}
History
Domeo Holdings was the name of the holding company established in 2008. In 2012, it changed its name after a merger through absorption with the wholly owned subsidiary Next Entertainment World.{{cite web|url=http://dart.fss.or.kr/dsaf001/main.do?rcpNo=20210514000796|title=NEW/분기보고서/2021.05.14|trans-title=NEW/Quarter Report/2021.05.14|website=DART Financial Supervisory Service|access-date=June 17, 2021|language=ko}}
The music distribution corporation Music&NEW was established in 2012.
In 2013, it surpassed CJ E&M and ranked first in terms of audience with the success of Miracle in Cell No. 7 (12.81 million viewers), Hide and Seek (5.6 million viewers), and New World (4.68 million viewers).{{Cite web |date=2016-04-04 |title='태양의 후예'로 대박 난 제작사 '뉴' 김우택 총괄대표 |url=https://www.donga.com/news/Culture/article/all/20160404/77375058/1 |access-date=2024-01-10 |website=The Dong-A Ilbo |language=ko}}
In 2013, global distribution corporation Contents Panda was established.
In 2014, Huace Media Group invested $52.7 million, and NEW was listed on KOSDAQ.{{Cite news|url=https://news.yahoo.com/chinese-investment-boosts-market-listing-south-koreas-next-050040691.html|title=Chinese Investment Boosts Market Listing for South Korea's Next Entertainment World|work=Yahoo|date=December 19, 2014|access-date=June 17, 2021|language=en|archive-date=June 20, 2021|archive-url=https://web.archive.org/web/20210620044911/https://news.yahoo.com/chinese-investment-boosts-market-listing-south-koreas-next-050040691.html|url-status=live}} Huace Media Group was listed on the KOSDAQ market with a 15% stake in NEW and Chairman Kim Woo-taek with a 45% stake.{{Cite web |last=노 |first=철중 |date=2018-11-01 |title=김우택 NEW 회장, 미디어 콘텐츠 왕국 꿈꾸다 |url=http://www.insightkorea.co.kr/news/articleView.html?idxno=31990 |access-date=2024-01-10 |website=인사이트코리아 |language=ko}} In 2015, NEW set up sports corporation Bravo&NEW and Korea-China joint venture Huace&NEW.
2016 marked the establishment of contents production corporation Studio&NEW.
The Cine Q movie theater branch opened in 2017. CINEQ opened its first branch in Gyeongju and its second branch in Gumi in 2017 and its Sindorim branch in Seoul in 2018.
In 2017, the subsidiary Music & New Co., Ltd. acquired shares of Windmill Ent Co., Ltd. in order to expand its business area into music and music distribution, and in June 2018, through a small-scale and simple merger, Music & New Co., Ltd. absorb Windmill ENT and merged.
In 2019, NEW established VFX company eNgine and digital contents business NEW ID.{{cite web|url=http://www.its-new.co.kr/en/company/about-new.html|title=ABOUT NEW|website=Next Entertainment World|date=2020|access-date=June 15, 2021|language=en|archive-date=January 24, 2021|archive-url=https://web.archive.org/web/20210124190546/http://its-new.co.kr/en/company/about-new.html|url-status=live}}
Business
= Movie&NEW =
Movie&NEW (stylized in all caps) is NEW's film investment, distribution, marketing, and public relations division. Notable distributed works include Miracle in Cell No. 7, The Attorney, Train to Busan, The Villainess, and Peninsula.{{cite web|url=http://www.its-new.co.kr/en/movie/about.html|title=MOVIE&NEW : ENJOY NEW MOVIE, GET BRAND-NEW ENTERTAINMENT|website=Next Entertainment World|date=2020|access-date=June 15, 2021|language=en|archive-date=February 27, 2021|archive-url=https://web.archive.org/web/20210227211712/http://www.its-new.co.kr/en/movie/about.html|url-status=live}}
In March 2021, NEW's film division signed a three-year contract with Hollywood investment company Library Pictures International.{{Cite news|url=https://entertain.naver.com/read?oid=009&aid=0004765157|title=NEW, 할리우드 투자사 LPI와 투자 계약..."韓 영화 주목"|trans-title=NEW, investment contract with Hollywood investment company LPI... "Attention to Korean movies"|work=Maeil Business Newspaper|date=March 18, 2021|access-date=June 15, 2021|language=ko|via=Naver|archive-date=June 20, 2021|archive-url=https://web.archive.org/web/20210620044824/https://entertain.naver.com/read?oid=009&aid=0004765157|url-status=live}}{{Cite news|url=https://deadline.com/2021/03/next-entertainment-world-library-pictures-international-announce-deal-co-finance-korean-language-films-1234716855/|title=Seoul-Based Financier NEW Partners With L.A.'s Library Pictures International On Slate Of Korean-Language Films|work=Deadline Hollywood|date=March 17, 2021|access-date=June 15, 2021|language=en|archive-date=March 18, 2021|archive-url=https://web.archive.org/web/20210318222238/https://deadline.com/2021/03/next-entertainment-world-library-pictures-international-announce-deal-co-finance-korean-language-films-1234716855/|url-status=live}}
= Music&NEW =
{{Main|Music&NEW}}
Music&NEW (stylized in all caps) is the music production, management, and distribution business.{{cite web|url=http://www.its-new.co.kr/en/music/about.html|title=MUSIC&NEW : TO THE TOP OF GLOBAL MUSIC WORLD|website=Next Entertainment World|date=2020|access-date=June 15, 2021|language=en|archive-date=January 24, 2021|archive-url=https://web.archive.org/web/20210124190520/http://its-new.co.kr/en/music/about.html|url-status=live}}
= Studio&NEW =
Studio&NEW (stylized in all caps) is a film and drama media content production company that has also expanded to management. Notable productions include the 2016 premiere project Descendants of the Sun and The Great Battle.{{cite web|url=http://www.its-new.co.kr/en/studio/about.html|title=STUDIO&NEW : WE MAKE GLOBAL CONTENTS|website=Next Entertainment World|date=2020|access-date=June 15, 2021|language=en|archive-date=January 24, 2021|archive-url=https://web.archive.org/web/20210124174159/http://its-new.co.kr/en/studio/about.html|url-status=live}} The studio has attracted more than ₩56 billion (USD$47 million) in investment within five years of establishment.{{Cite news|url=https://entertain.naver.com/read?oid=311&aid=0001345425|title=스튜디오앤뉴, 220억 신규 투자 유치…기업 가치 2000억 콘텐츠 제작사 발돋움|trans-title=Studio & New attracts 22 billion won in new investment... A company valued at 200 billion won as a content producer|work=Xports News|date=September 8, 2021|access-date=October 9, 2021|language=ko|via=Naver|archive-date=October 9, 2021|archive-url=https://web.archive.org/web/20211009181528/https://entertain.naver.com/read?oid=311&aid=0001345425|url-status=live}}
In April 2021, Studio&NEW signed a five-year contract with OTT streaming service Disney+ with a commitment of supplying at least one project per year. Local media named Moving, a live adaptation of Kang Full's webtoon, and Star original series Rookie Cops as shows that are in the works.{{Cite news|url=https://koreajoongangdaily.joins.com/2021/04/29/entertainment/movies/studio--new-disney-plus-Disney/20210429173700340.html|title=Studio & New signs five-year contract with Disney Plus|work=Korea JoongAng Daily|date=April 29, 2021|access-date=June 15, 2021|language=en|archive-date=June 15, 2021|archive-url=https://web.archive.org/web/20210615025336/https://koreajoongangdaily.joins.com/2021/04/29/entertainment/movies/studio--new-disney-plus-Disney/20210429173700340.html|url-status=live}}{{Cite news|url=https://variety.com/2021/streaming/asia/disney-plus-korean-content-supply-deal-next-entertainment-world-1234964837/|title=Disney Strikes Korean Content Supply Deal With NEW Affiliate|work=Variety|date=May 3, 2021|access-date=June 15, 2021|language=en|archive-date=May 27, 2021|archive-url=https://web.archive.org/web/20210527014819/https://variety.com/2021/streaming/asia/disney-plus-korean-content-supply-deal-next-entertainment-world-1234964837/|url-status=live}}
= Others =
- Bravo&NEW focuses on sports broadcasting rights distribution, athlete management, and event planning.
- Cine Q is NEW's movie theater brand.
- Contents Panda handles global copyright distribution and has distributed more than 660 works. Efforts are being made to sign overseas remakes.
- eNgine provides visual effects services and has signed business agreements with 3D graphics companies Wysiwyg Studios and Vive Studios.
- NEW ID is the digital content or platform subsidiary. It has partnered with global content platforms such as Samsung Electronics, LG Electronics, Vizio, Amazon, and Roku to launch digital broadcasting channels. It has also partnered with major broadcasters such as MBC Plus, KBS World, SBS Contents Hub, YG Entertainment, Starship Entertainment, and SK Telecom to provide solutions to export Korean wave content.
Filmography
= Film =
{{See also|Category:Next Entertainment World films}}
= Television drama =
{{See also|Category:Television series by Next Entertainment World}}
= Web series =
References
{{Reflist}}
External links
- {{Official website|http://www.its-new.co.kr/}}
{{Film distributors of South Korea}}
{{Television production companies of South Korea}}
{{Region 3 home video}}
{{Authority control}}
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Category:Television production companies of South Korea
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Category:Companies listed on KOSDAQ
Category:Sports management companies
Category:Talent agencies of South Korea
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