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CJ Strikes Major International Deal

Korea's giant CJ Entertainment has just announced a deal that will increase its already substantial international out reach. The investment/distribution deal is with Japan's T-Joy a 142 screen theatre chain in Japan affiliated with media company Toei Group. The deal will significantly boost CJ's international presence who have already been distributing Paramount/Dreamworks films and have had international success with Korean films such as Haeundae and international co-productions such as "Sophie's Revenge" and Japanese co-productions "Goo Goo the Cat" and "Fish Story".

The joint venture with CJ investing 60% and T-Joy 40%, plans to produce three to five Japanese films, co produce two to three international films and distribute more than five Korean films in Japan. Both companies have already been releasing each other's films in their home countries. They aim to start distributing by 2010 and become one of the top five distributors in Japan within five years.

David Oxenbridge (KOFIC)

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