As a movie buff with over three decades of experience, I’ve seen the highs and lows of the Korean film industry, and I must say, the latest box office figures have been quite intriguing. The concert film “Lim Young Woong IM HERO The Stadium” has managed to top the charts in terms of revenue, despite selling fewer tickets due to its higher price point. It’s a testament to the power of fandom and the appeal of live performances on the big screen.
Over the recent weekend, the concert movie titled “Lim Young Woong IM HERO The Stadium” became the highest-earning film at South Korean cinemas, outperforming science-fiction films ‘Alien: Covenant’ and ‘Pilot.’
According to Kobis, the tracking service run by the Korean Film Council (Kofic), “IM HERO” generated revenue of approximately $1.89 million from Friday to Sunday, and a total of $3.47 million during its initial five days. On the other hand, “Alien: Romulus” made around $1.66 million in its third weekend, resulting in a cumulative total of $12.5 million over a span of 19 days.
Instead of determining chart rankings based on critical acclaim, it follows local custom to base it on audience attendance. Consequently, “Alien: Romulus” maintained its top position for a third consecutive weekend, selling an additional 223,000 tickets, while “IM HERO” sold only 87,000. The disparity can be attributed to the significantly higher ticket prices for the concert film.
In a 2020 television talent show, Lim made his debut. Primarily known for singing ballads and trot music, he has since risen to fame and garnered a dedicated fanbase similar to Taylor Swift’s in Korea, due to his attractive appearance and clean-cut image.
The movie showcases his concerts spanning two days at Seoul World Cup Stadium in May, interspersed with documentary segments detailing months of rehearsals and backstage footage. Over a span of five days, approximately 161,000 people watched the film, which is considerably more than those who attended the original live performances.
In its fifth weekend, the popular comedy “Pilot” grossed approximately $906,000, landing it in third place in terms of earnings (or second in terms of ticket sales). Since its release on July 31, it has garnered a total of $31 million and sold around 4.51 million tickets, solidifying its status as the fourth highest-grossing film of the year.
Sales volumes in ticket sales resulted in a new curve on the chart. The movie “Twisters” moved into fourth place based on its revenue earnings. It brought in $555,000 during its third weekend release, raising its total to $4.32 million so far. On the other hand, the Korean animation film “Heartsping: Teenieping of Love” dropped to fifth position when considering revenues but remained fourth according to audience attendance due to a high volume of children’s tickets sold. It made $511,000 over the weekend, accumulating a total of $5.98 million after four weekends.
Over the weekend, the Korean horror-thriller “Spring Garden” ranked sixth with a revenue of $500,000. Since its debut, it has amassed a grand total of approximately $2.37 million after 12 days.
Over the weekend, a re-release of Derek Tsang’s movie “Better Days,” a youth production jointly made in Hong Kong and China, generated an income of $343,000, placing it at number seven.
Over the past weekend, I was thrilled to learn that the heartwarming Korean cheerleading film “Victory” added another $319,000 to its box office tally, bringing its total earnings up to a staggering $2.58 million! It’s been an absolute joy watching this movie and seeing it gain such popularity.
In its ninth week, the Korean political thriller “Land of Happiness” grossed $186,000, bringing its total earnings to approximately $4.77 million after three weekends.
The drama film adaptation titled “Because I Hate Korea” debuted in the tenth spot during the weekend, earning a total of $131,000, and over its first five days, it made $260,000. Previously, this movie was the opening feature at last year’s Busan International Film Festival.
The weekend’s aggregate box office was $7.97 million, down 15% week-on-week.
This summer, the once robust Korean box office has seen a decline, and it’s been challenging for it to rebound in the post-COVID period. Specifically, August’s box office revenue amounted to approximately KRW117 billion (about $87.4 million), marking a 19% decrease compared to August of last year. In comparison, July’s box office revenue was KRW115 billion, a drop from the KRW140 billion it had in the previous month.
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2024-09-02 04:17