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  • Remake Copyright of `Doll Master` Sold to U.S.
  • [2004-11-11]
  • The remake copyright of the horror movie `Doll Master` has been sold to the U.S. company Miramax. Cineclick Asia, which is in charge of the movie`s overseas marketing, signed a $1.3 million contract with Miramax at the American Film Market, which was held in the U.S. recently, for selling the distribution rights and remake copyrights of `Doll Master` in the United States. Dimention, Miramax`s production division, will take over the movie`s remake production. This contract was concluded as a purchase contract - not as an option contract -- whereby the total amount of copyright fees was paid right upon signing the contract. So far, `Two Sisters` was the only Korean movie whose remake copyright was sold through a purchase contract. The amount of sales from the copyright of `Two Sisters` has reached $1.1 million in Japan with the total contract amount surpassing $1.5 million. With the conclusion of the purchase contract for `Doll Master,` the total amount of overseas sales of Korean movies will reach $2.8 million. Given that the net production cost of these two movies is 2.5 billion won, profits from overseas sales will break even.
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