Paramount Pictures Intl. has partnered with CJ Ent. to distribute its films in South Korea, reports VARIETY. The exclusive deal takes affect Feb. 1, 2007.
This agreement comes on the heals of the demise of Paramount and Universal's South Korean branch of United Intl. Pictures, which distributed the two studios films in the country. Universal will begin distributing its films in South Korea through Universal Pictures Int'l starting Jan. 1.
CJ Ent. is Korea's leading feature film distributor and was a founding investor in DreamWorks. It still holds exclusive local distribution rights to all DreamWorks and DreamWorks Animation movies.
PPI, the international distribution arm of Paramount studios, will begin operations Jan. 1, responsible for the theatrical release of Paramount and DreamWorks films in all international territories.
Rick DeMott
Animation World Network
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