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The Way Home (2002) More at IMDbPro »Jibeuro (original title)

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1 item from 2003

1 May 2003 | The Hollywood Reporter | See recent The Hollywood Reporter news »

SEOUL, South Korea -- After facing extinction, Tube Entertainment, one of Korea's most dynamic independent distributors, is back in business, having secured $10.5 million backing, with $5 million coming from Tube's parent company, HeungBo Industrial Corp., $1.5 million from entertainment major CJ Entertainment and $4 million from miscellaneous borrowings. Tube entered film distribution in 1999, but soon got into financial trouble when it overextended itself by investing in four big-budget films at the same time. In order to survive, Tube sold distribution rights to its catalog in early 2002 to CJ Entertainment for $5 million. However, its investment arm, Tube Investment, was not part of the deal. Tube's films reached almost ridiculous extremes in 2002, with the low-budget movie about country life The Way Home becoming the second-biggest film of the year in Korea, with more than 4 million tickets sold. But Tube also made the biggest money loser in Korean history, with the high-budget science-fiction fable Resurrection of the Little Match Girl. »

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1 item from 2003