Korean media contents firmKeyeast has announced a production investment deal with major distributor CJEntertainment for three films, including Park Chan-wook's I'm A Cyborg, But It's OK.
According to the deal, Keyeastis to invest a total of $530,000 in three films in which CJ Entertainment isthe main financier. Profits including those from theatrical, video, albumrights and overseas sales are to be split after the films' respective releases.
Keyeast stated: "In future,we plan to cooperative closely with CJ Entertainment on film production andinvestment, and expand our business collaborations in producing, investing in,and distributing film and related content."
Keyeast is one of thecompanies that Korean Wave superstar Bae Yong-joon's IT group Softbank investedin this past March, along with his talent agency IMX.
Park's I'm A Cyborg, But It's OK, starring up-and-coming young actress LimSoo-jung and pan-Asian pop star Rain, is due for release in December.