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| ▲This photo provided by Walt Disney Company Korea, show poster of 'Avatar The Way of Water.' (PHOTO NOT FOR SALE) (Yonhap) |
SEOUL December 9 (Yonhap) -- As the premiere date of upcoming blockbuster movie “Avatar: The Way of Water” approaches, stocks related to movie industries are showcasing increase in profit on Friday.
Based on the Kosdaq (Korean Securities Dealers Automated Quotations) Market at 9:24 a.m. on Friday, stock price of the movie production company BarunsOn E&A showcased increase in price by 29.87 percent which is 1200 won increase in price.
Subsidiary of BarunsOn E&A, BarunsOn is also showing steep increase in price by 16.13 percent.
In 2021 BarunsOn acquired, the special effect team Digital Idea. The acquired company, Digital Idea is a partner company of Walt Disney Company which is a provider of the global blockbuster movie “ Avatar: The Way of Water.”
Moreover, stock prices of related businesses such as CJ ENM showcased 7.82 percent increase, Showbock showed 7.64 percent increase and Contentree jungang showed 7.82 percent increase
“Avatar The Way of Water” will be premiering in South Korea for the first time in the world on December 14.
Director James Cameron and cast members will participated in the press conference of the movie “Avatar: The Way of Water” in South Korea on Friday at Conrad Hotel located in Yeouido, Seoul.
Global blockbuster “Avatar The Way of Water” has been leading the reservation rate among all the movies since the tickets were available since December 7.
(This article is translated from Korean to English by Joonha Yoo)
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