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Warner Bros. Motion Pictures Group and CJ ENM have signed a new agreement to co-develop, co-finance, and distribute English-language and Korean-language feature film remakes of each studio’s films.
Through this new pact, initially, Warner Bros. Motion Pictures will act as lead studio on an English language film emanating from CJ ENM’s library, and CJ ENM will act as lead studio on a Korean language movie emanating from the Warner Bros. Pictures library.
Warner Bros. Pictures and CJ ENM will be respectively responsible for the development and production of their remakes, with each studio providing input on key creative decisions including each project’s writer, director, producer, and cast as well as shared oversight of a film’s budget.
Warner Bros. Pictures will serve as distributor on the movies worldwide, with the exception of CJ ENM distributing in South Korea, Vietnam, Indonesia, and Turkey on the CJ ENM remake.
Said Warner Bros. Motion Picture Group’s Co-Chairs and CEOs Michael De Luca and Pam Abdy, “Miky Lee, CJ Vice Chairwoman, and the team at CJ ENM have built an enviable slate of films over its history to become a powerhouse producer of Korean cinema, with films that resonate with audiences across the globe. We are excited to have the opportunity to work with CJ ENM as we look to expand Warner Bros. Motion Picture Group’s movies offerings around the world.”
CJ ENM’s Head of Film Business Jerry Kyoungboum Ko said, “Warner Bros. is home to a legendary library that bridges Hollywood of past and present and is steeped in excellence. Warner Bros. and CJ have built extensive libraries across North America and Asia, each in their unique way. This collaboration allows us to uncover and revitalize hidden gems, bringing inspiring stories to today’s audiences. It’s a wonderful privilege to be partnered with an iconic brand that boldly continues to evolve, create and champion storytelling at the highest level.”
The Warner Bros Discovery feature film library counts 12,500 titles. CJ’s film library counts such notables pics as the multi-Osar winning Parasite, Past Lives and The Handmaiden.
