April 20, 2024
Industrials
CJ E&M to boost investments to W13b by 2020
[THE INVESTOR] CJ E&M, South Korea’s biggest production house, announced on Jan. 2 that it has begun a new project, O’PEN, to discover and foster drama and film writers.
The company plans to invest around 13 billion won (US$10.70 million) by 2020 to nurture young writers who can lead the country’s flourishing content and entertainment industries to the next level.
According to the entertainment content maker, unlike the existing system where young writers can join a production team through open competition, the program intends to offer more stable working conditions by providing a one-stop service center that can discover talent, offer financial support, and connect writers with businesses.
“By fostering a healthy creative ecosystem, we would like to cultivate an environment where big and small firms can coexist and content creators who pursue their dreams in difficult conditions can have the chance to show their work to the public,” Kim Sung-soo, CEO of CJ E&M, said in a statement.
The company plans to select some 40 writers by March who will be offered individual studios in the Donga Digital Media Center
(theinvestor@heralcorp.com)
The company plans to invest around 13 billion won (US$10.70 million) by 2020 to nurture young writers who can lead the country’s flourishing content and entertainment industries to the next level.
According to the entertainment content maker, unlike the existing system where young writers can join a production team through open competition, the program intends to offer more stable working conditions by providing a one-stop service center that can discover talent, offer financial support, and connect writers with businesses.
“By fostering a healthy creative ecosystem, we would like to cultivate an environment where big and small firms can coexist and content creators who pursue their dreams in difficult conditions can have the chance to show their work to the public,” Kim Sung-soo, CEO of CJ E&M, said in a statement.
The company plans to select some 40 writers by March who will be offered individual studios in the Donga Digital Media Center
(theinvestor@heralcorp.com)
