NEW's Largest Shareholder to Buy KRW 1 Billion in Shares; New Lineup Unveiled
Stake to Rise from 36.50% to 40.05%
Films to Open in Succession, Starting with High School Detective
NEW said it would focus on restoring profitability in its core business, announcing a share purchase plan by its largest shareholder and a lineup of new titles. In a shareholder letter on November 10, the company said its largest shareholder, Chairman Kim Woo-taek, would purchase KRW 1 billion worth of company shares on the open market.
That day, Chairman Kim filed a trading plan report stating that he would purchase 991,080 common shares from December 10 through January 8, 2027. If he buys the shares as planned, his stake will rise from 36.50% to 40.05%. The company said the purchase reflects confidence in its medium- to long-term growth and a commitment to responsible management.
NEW also said it is preparing new titles to restore the competitiveness of its core business. Starting with High School Detective, which is scheduled to open in theaters in the first quarter of 2027, the company plans to release A Good Place to Live, If I'm with You and Vampire in succession. It will also handle the domestic distribution of a new animated film by director Makoto Shinkai.
The company will also strengthen collaboration among its affiliates. Its production division is expanding supply to broadcasters and global OTT platforms, focusing on SBS's Good Partner 2 and Disney+'s I Am a Sinner. Platform affiliate New ID is developing live sports broadcasts and a TV operating system business based on its FAST channels, while preparing for a KOSDAQ listing. The company said it aims to reduce earnings volatility caused by the box-office performance of its films by strengthening synergies among its businesses.
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Meanwhile, the estimated purchase price per share for Chairman Kim's planned purchase is 1,009 won, based on the closing price on November 9. The actual number of shares and purchase price may vary within a range of 70% to 130% of the planned transaction amount.
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