Michael Hackman, CEO of Hackman Capital Partners, is inspecting the site of the Cheongna Video Culture Complex project. The E&M
THE E&M announced on the 9th that it has received a Letter of Intent (LOI) for foreign investment from Hackman Capital Partners (HCP), a leading U.S. investment management firm specializing in the video industry.
Since its establishment, HCP's investment amount has reached $10 billion (approximately 14.7 trillion KRW). It is known as the largest owner of media facilities related to independent film and television studios in the U.S. Through collaborations with global content companies such as Netflix, Disney, and Marvel, it has established itself as a key player in video production infrastructure.
Additionally, HCP owns 19 premium studio complexes worldwide, including Culver Studios in Los Angeles, Eastbrook Studios in London, and Vancouver Film Studios in Canada, along with 145 active sound stages. In October 2022, HCP established a $1.6 billion (approximately 2.3 trillion KRW) studio fund and is developing more than 60 stages globally.
Earlier, in November last year, THE E&M also received an LOI from MBS Group in Los Angeles, a subsidiary of HCP. MBS Group is a content infrastructure specialist operating more than 30 studios worldwide. It provides comprehensive production services to over 100 studios, including studio development, rental of filming equipment, and provision of lighting and sound systems.
Moreover, THE E&M revealed that on the 1st, Michael Hackman, CEO of Hackman Capital, visited Korea and held in-depth discussions regarding cooperation plans related to the Cheongna Video and Culture Complex. This visit is expected to serve as an opportunity for Cheongna International City to emerge as a core hub of Korea’s content industry, alongside the 'K-Con Land' project currently being planned by the Incheon Free Economic Zone Authority.
A representative from THE E&M stated, "The foundation for the Cheongna Video and Culture Complex to become a global content market hub is being laid step by step," adding, "We plan to accelerate the expansion of partnerships utilizing our global network through this opportunity."
They continued, "Synergies are also anticipated with the 'K-Con Land' project being planned by the Incheon Free Economic Zone Authority," emphasizing, "The foundation for the Cheongna Video and Culture Complex to become a global content market hub is being established."
Furthermore, they added, "We plan to actively leverage our global network to expand partnerships and develop Cheongna into the Hollywood of Asia."
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