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Newsletter | November 2015, Issue 3
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Technology, Media & Telecommunications
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Settlement Reached in the Civil Case Concerning One of Korea’s Highest-Grossing Movies, “Miracle in Cell No. 7”
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The rapid growth of the Korean media content and related entertainment industries, and the recent convergence of the two industries, has resulted in unprecedented legal issues.
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Kim and Chang’s Entertainment Practice Group leverages the firm’s experience in both new media and traditional entertainment to address and resolve these cutting edge issues.
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For example, in August 2013, CL Entertainment, an entertainment management company, filed a civil lawsuit against Fine Works, its competitor production company, claiming that it was entitled to half of the total revenues generated from the extremely popular movie, “Miracle in Cell No.7,” because the film was jointly produced.
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Fine Works engaged Kim & Chang for the appeals process. In June 2015, the Seoul Central District Court accepted most of CL Entertainment’s claims, and ruled that Fine Works should turn over a significant portion of the total revenues to CL Entertainment.
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Utilizing our deep understanding of the industry, such as how the entertainment industry credits various players involved in the movie production and interprets agreements, our Entertainment team was able to thoroughly assess the facts and evidence, and formulate a successful defense strategy.
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As a result, we were able to shift the case in Fine Works’ favor, which prompted a favorable settlement for our client.
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