Warner Bros. Discovery recently announced a landmark partnership with CJ ENM, the acclaimed South Korean film studio behind global hits like "Parasite" and "Oldboy." The agreement establishes a significant U.S.-Korea cross-national collaboration, allowing both companies to mutually remake films developed and distributed by the other, producing new English-language or Korean-language versions.
Specifically, under the terms of the U.S. and Korean partnership, Warner Bros. Discovery will spearhead the English-language remakes of CJ ENM films, taking charge of selecting key creative personnel including writers, directors, producers, and cast. Conversely, CJ ENM will be responsible for adapting Warner Bros. Discovery films into Korean-language versions.
While each party will lead their respective remake projects, the agreement ensures mutual creative input. Both companies will have advisory rights on crucial creative decisions, including suggestions on directors, writers, casting, producers, and budgets, to guarantee that the remade works maintain the core spirit and quality of the originals.
Regarding distribution, Warner Bros. Discovery will handle all territories globally, with the exception of South Korea, Vietnam, Indonesia, and Turkey, where CJ ENM will manage distribution.
Among CJ ENM's current film catalog, several titles are now potential candidates for Warner Bros. remakes. This includes "Oldboy," "Decision to Leave," "Broker," and "Seobok," in addition to the previously announced HBO series adaptation of "Parasite," which was confirmed back in 2020. Similarly, any film from the Warner Bros. Discovery library could be adapted into a Korean-language version, further expanding market reach.
The American series adaptation of "Parasite" is still in its early development stages, with original film director Bong Joon-ho and "Don't Look Up" director Adam McKay serving as co-executive producers.
via： Variety