Patrick Frater Asia Bureau ChiefSouth Korea, a hotbed of contemporary cultural fervor, is to get a significant new development and production company headed by veteran studio executives.
The new venture, Covenant Pictures starts operations with solid financial backing, a diverse slate, and a first-look deal with the producers of the hit “Along With The Gods” movie franchise.Covenant sees itself scouring Asia for IP that will be developed and produced as Korean-made films and TV series.
Relationships in East Asia could cast the net wider, in future.Covenant is co-founded by Lee Young Han and Justin Choi, both former GMs of Lotte MediaWorks (previously Lotte Cinema), Korea’s second-largest vertically-integrated movie conglomerate.
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