Next Entertainment World (

Korean Korean may refer to: People and culture * Koreans, ethnic group originating in the Korean Peninsula * Korean cuisine * Korean culture * Korean language **Korean alphabet, known as Hangul or Chosŏn'gŭl **Korean dialects and the Jeju language ** ...

: 넥스트엔터테인먼트월드, Acronym: NEW) is a South Korean media content production and distribution company. The film investment and distribution business was founded in 2008 by former

Showbox Showbox Co., Ltd. () is one of the largest film distribution companies in South Korea, founded in 1999. Showbox is the film investment, production and distribution branch of Mediaplex, Inc., entertainment arm of Orion Group. Its main competit ...

president Kim Woo-taek. NEW has since evolved into a comprehensive entertainment company with subsidiaries venturing into other industries including music, sports, production, management, international distribution, and cinema.

History

Domeo Holdings was the name of the

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

established in 2008. In 2012, it changed its name after a merger through absorption with the wholly owned subsidiary Next Entertainment World. The music distribution corporation

Music&NEW Music&NEW (stylized MUSIC&NEW, Hangul:뮤직앤뉴), a subsidiary of Next Entertainment World, is a South Korean company that specializes in the production and distribution of music content. History MUSIC & NEW is Next Entertainment World's mus ...

was established in 2012. In 2013, global distribution corporation Contents Panda was established. In 2014, Huace Media Group invested $52.7 million, and NEW was listed on

KOSDAQ KOSDAQ (acronym of Korean Securities Dealers Automated Quotations, Korean: 코스닥) is a trading board of Korea Exchange (KRX) in South Korea established in 1996. Initially set up by Korea Financial Investment Association as an independent st ...

. In 2015, NEW set up sports corporation Bravo&NEW and Korea- China joint venture Huace&NEW. 2016 marked the establishment of contents production corporation Studio&NEW. The Cine Q movie theater branch opened in 2017. In 2019, NEW established

VFX Visual effects (sometimes abbreviated VFX) is the process by which imagery is created or manipulated outside the context of a live-action shot in filmmaking and video production. The integration of live-action footage and other live-action foota ...

company eNgine and digital contents business New ID.

Business

Movie&NEW

Movie&NEW (stylized in

all caps In typography, all caps (short for "all capitals") refers to text or a font in which all letters are capital letters, for example: "THIS TEXT IS IN ALL CAPS". All caps may be used for emphasis (for a word or phrase). They are commonly seen in l ...

) is NEW's film investment, distribution,

marketing Marketing is the process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods and services; potentially including selection of a target audience; selection of certain attributes or themes to emph ...

, and

public relations Public relations (PR) is the practice of managing and disseminating information from an individual or an organization (such as a business, government agency, or a nonprofit organization) to the public in order to influence their perception. ...

division. Notable distributed works include '' Miracle in Cell No. 7'', ''

The Attorney ''The Attorney'' () is a 2013 South Korean courtroom drama film directed and co-written by Yang Woo-suk in his directorial debut. With 11,375,954 tickets sold and a revenue of , ''The Attorney'' became the 15th-best-selling Korean film of all t ...

'', ''

Train to Busan ''Train to Busan'' () is a 2016 South Korean action horror film directed by Yeon Sang-ho and starring Gong Yoo, Jung Yu-mi, Ma Dong-seok, Kim Su-an, Choi Woo-shik, Ahn So-hee, and Kim Eui-sung. The film mostly takes place on a high-speed train ...

'', '' The Villainess'', and '' Peninsula''. In March 2021, NEW's film division signed a three-year contract with Hollywood investment company Library Pictures International.

Music&NEW

Music&NEW (stylized in

) is the music production, management, and distribution business.

Studio&NEW

Studio&NEW (stylized in

) is a film and

drama Drama is the specific mode of fiction represented in performance: a play, opera, mime, ballet, etc., performed in a theatre, or on radio or television.Elam (1980, 98). Considered as a genre of poetry in general, the dramatic mode has b ...

media content production company that has also expanded to management. Notable productions include the 2016 premiere project '' Descendants of the Sun'' and '' The Great Battle''. The studio has attracted more than

₩ The won sign , is a currency symbol. It represents the South Korean won, the North Korean won and, unofficially, the old Korean won. Appearance Its appearance is "W" (the first letter of "Won") with a horizontal strike going through the cent ...

56 billion (

USD The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...

$47 million) in investment within five years of establishment. In April 2021, Studio&NEW signed a five-year contract with OTT streaming service

Disney+ Disney+ is an American subscription video on-demand over-the-top streaming service owned and operated by the Media and Entertainment Distribution division of The Walt Disney Company. The service primarily distributes films and television se ...

with a commitment of supplying at least one project per year. Local media named '' Moving'', a live adaptation of Kang Full's

webtoon Webtoons (), are a type of digital comic that originated in South Korea usually meant to be read on smartphones. While webtoons were mostly unknown outside of Korea during their inception, there has been a surge in popularity internationally ...

, and Star

original series Original programming (also called originals or original programs, and subcategorized as "original series", "original movies", "original documentaries" and "original specials") is a term used for in-house television, film or web series productions ...

Rookie Cops ''Rookie Cops'' () is a 2022 South Korean web series written by Lee Ha-na, directed by Kim Byung-soo and starring Kang Daniel, Chae Soo-bin, Lee Shin-young, and Park Yoo-na. The series revolves around police academy students enrolled at the el ...

'' as shows that are in the works.

Others

Source: * Bravo&NEW focuses on sports broadcasting rights distribution, athlete management, and event planning. * Cine Q is NEW's movie theater brand. * Contents Panda handles global copyright distribution and has distributed more than 660 works. Efforts are being made to sign overseas remakes. * eNgine provides visual effects services and has signed business agreements with 3D graphics companies Wysiwyg Studios and Vive Studios. * New ID is the digital content or platform subsidiary. It has partnered with global content platforms such as

Samsung Electronics Samsung Electronics Co., Ltd. (, sometimes shortened to SEC and stylized as SΛMSUNG) is a South Korean multinational electronics corporation headquartered in Yeongtong-gu, Suwon, South Korea. It is the pinnacle of the Samsung chaebol, a ...

LG Electronics LG Electronics Inc. () is a South Korean multinational electronics company headquartered in Yeouido-dong, Seoul, South Korea. LG Electronics is a part of LG Corporation, the fourth largest '' chaebol'' in South Korea, and often considered a ...

Vizio Vizio Inc. (stylized as VIZIO) is an American publicly traded company that designs and sells televisions, sound bars, viewer data, and advertising. The company was founded in 2002 and is based in Irvine, California.Lawton, Christopher, Iwatani ...

Amazon Amazon most often refers to: * Amazons, a tribe of female warriors in Greek mythology * Amazon rainforest, a rainforest covering most of the Amazon basin * Amazon River, in South America * Amazon (company), an American multinational technolog ...

, and

Roku Roku ( ) is a brand of hardware digital media players manufactured by American company Roku, Inc. They offer access to streaming media content from online services. The first Roku model, developed in collaboration with Netflix, was introduced ...

to launch digital broadcasting channels. It has also partnered with major broadcasters such as

MBC Plus MBC Plus ( ko, MBC 플러스; 엠비씨 플러스) is a South Korean company under MBC, producing media, broadcast and telecommunication products for non free-to-air networks, including Skylife and 'Cable TV' (KCTA) service providers. Corporate ...

KBS World KBS World is the Korean Broadcasting System's international broadcasting service. It consists of KBS World Radio, KBS World television channel and KBS Korea. History The foreign-language radio broadcast from KBS (before its restructure into a ...

SBS Contents Hub SBS Contents Hub (former SBSi) is the digital window of SBS Media Group. Its headquarters are located in Seoul, South Korea. SBSi is also affiliated with SIREN Entertainment. The current CEO of SBS Contents Hub is Lee, Nam-Ki. Productions Games ...

YG Entertainment YG Entertainment Inc. () is a South Korean multinational entertainment agency established in 1996 by Yang Hyun-suk. The company operates as a record label, talent agency, music production company, event management and concert production comp ...

Starship Entertainment Starship Entertainment () is a South Korean entertainment company founded in 2008 and became an independent subsidiary of Kakao Entertainment in 2013. They had been recognized for their contributions to the Hallyu Wave, being home to several ...

, and

SK Telecom SK Telecom Co., Ltd. ( or ) is a South Korean wireless telecommunications operator and former film distributor and is part of the SK Group, one of the country's largest chaebols. It leads the local market with 50.5 percent share as of 2008. ...

to provide solutions to export Korean wave content.

References

External links

* {{Authority control Mass media companies established in 2008 Mass media companies of South Korea Film distributors of South Korea Film production companies of South Korea Television production companies of South Korea Companies based in Seoul Companies listed on KOSDAQ Sports management companies Talent agencies of South Korea South Korean companies established in 2008 South Korean brands