Studio Santa Claus Acquires Additional Rights for Film 'Killing Romance'... "Focusing on Content Distribution and Circulation"

Studio Santa Claus announced on the 10th that it has acquired the ancillary rights for 'Killing Romance,' which is scheduled to be released on the 14th.

'Killing Romance' tells the story of top star Yeorae (Lee Ha-nee), who became a national laughingstock due to her poor acting skills, escaping reality by traveling to a South Pacific island, where she falls into a fateful love with chaebol Jonathan Na (Lee Sun-kyun). After suddenly announcing her retirement, she meets Beom-woo (Gong Myung), a third-generation fan club member, and they devise an extraordinary plan for her screen comeback. With its unusual visuals and humor, the film is expected to bring a fresh breeze to theaters this spring.

Studio Santa Claus has recently been strengthening its content distribution, circulation, and investment divisions. In particular, it is making efforts to secure ancillary rights for quality content. In addition to Killing Romance, it has also acquired ancillary rights for upcoming releases in the second half of the year such as 'Hwasahan Geunyeo,' 'The Dinner,' 'Hwapyung Banjeom,' and 'Two Hearts.' After focusing on small and medium-sized foreign films last year, Studio Santa Claus is preparing for a new leap forward this year with a powerful lineup of Korean films.

Ancillary rights refer to the rights to distribute content on all platforms in the secondary market, excluding the primary market of theatrical distribution. With the sluggish performance of theaters and the rapid growth of platform markets such as IPTV and OTT, the importance of ancillary rights is increasing.

Earlier this year, the company reorganized its investment and distribution division by recruiting CEO Yoon Hye-jin from Andamiro, and is enhancing its business capabilities to secure a variety of domestic and international content through workforce expansion and strengthening of content import, distribution, and circulation areas.

A representative of Studio Santa Claus said, “We are working hard to provide a wide range of content through various films and dramas prepared for 2023,” adding, “We will actively proceed with business by expanding distribution and ancillary rights sectors.”

In addition, CEO Bae Jun-oh of Studio Santa Claus stated, “We apologize to shareholders who may have felt confused due to the delay in submitting the audit report. Going forward, the company will make every effort to establish and implement active countermeasures to prevent such incidents from recurring.” He added, “Based on the new board of directors, which includes newly appointed non-executive director Kim Chung-woo and outside director Lee Sun-young at the regular shareholders’ meeting, the company will enhance transparency and pursue professional management.”

This content was produced with the assistance of AI translation services.