0. Table of Contents 1. Korean Entertainment Industry 2. Korean Film Industry - - - 3. Revenue Structure 4. Digital Convergence 5. Mega Trends 6. Direction 7. Attachments -2005 - - M&A / - Industry Leader Overview 2
1. Korean Entertainment Industry < : > 3
2. Korean Film Industry - [, ] 2000 59 62 2001 65 52 2002 78 82 2003 80 65 2004 82 74 2005 85 87 [ ] 2000 2,271 35.10% 4,191 64.90% 6,462 2001 4,481 50.10% 4,455 49.90% 8,936 2002 5,082 48.30% 5,431 51.70% 10,513 2003 6,391 53.49% 5,556 46.51% 11,947 2004 8,019 59.33% 5,498 40.67% 13,517 2005 8,437 59% 5,863 41% 14,300 < :Kofic, 2005 > ( : ) 4
2. Korean Film Industry- ( ) 6.0 5.0 5.1 4.6 4.0 3.0 2.0 3.6 2.9 2.9 3.1 2.8 3.4 1.0 1.3 0.0 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005E 2006E 2007E : Kofic 5
2. Korean Film Industry- 6
3. Revenue Structure- X (,, TV, ) Stage 1 50% 8% 50% Stage 2, Stage 3 60% A B 40% 7
4. Digital Convergence < : > 8
5. Mega Trends DMB IPTV Player 시장 내 Player 간의 경쟁과는 별도로 판권 경쟁 심화 및 각 윈도우의 수익성 증대를 위해서 대기업 자본 및 윈도우 사업자가 계속적으로 새로운 player로 시장에 진입하고 있음 status Internet Power (/DRM) Digitalization Globalization (IT+Contents) Convergence 9
6. Direction 10
[ 2005 ] (%) CJ 41 10,288,927 21.9,, 25 9,293,596 19.8,, 11 4,933,187 10.5, 10 4,570,847 9.7 2,, 19 3,371,513 7.2 &, UIP 18 2,687,088 5.7, 11 2,636,424 5.6, 9 1,834,081 3.9 B, 15 1,583,764 3.4,( ) 15 1,416,993 3.0,Mr 145 4,360,368 9.3 319 46,976,738 100 < :Kofic, 2005 > 11
MK 2005 ( 100 ) 2006 6,, 2006, 2006 6, 5 25 2 CJ CGV,CGV. <, >, < >, < >, * FNH,IHQ 2006~2007. < : /2006-1-20, > 12
() // / MK (MK ) / /, (FNH) /, 5,, ( ) ( ) ( ) 13( 51%) 51% 70%,, DSP 66 ( 60%) 53( 60%) 13
[ ] () // / () 53.5( 12.53%) Ebt,,, IT () 2.0(,) ( ) 40( 100%) 45 ( 75%) 2005.5.16 MOU,, 5( 51%), - DVD, 23.35%(74),,, 72.4:1,5.9:1 160 3 [ ] SKT, IHQ KT(KTF), FNH / 294(35.2%) FNH 51% KT(35.7%),KTF(15.3%) 500 Call Option ( ) -KT KTF FNH 230 - FNH KT KTF 3, 188 6 700 ( 1) - KT 119 7 600, KTF 68 9 100. < :, > 14
/ () ( ) (DSP) ( 3, ) (//) () [( )] DVD() ( ) () IHQ[( ) ] [( )] [( ) ] () [( )] ( ) [( )] ( ) () (),,,SS501,,,,,,,,,,,,,,,,, 10,,,, PD( ),,,,,,,,,MP3, 15
Industry Leader - CJ Entertainment Overview CJ En-Contents Group. CJ Entertainment, CJ ( ), CJCGV, CJ CJ Group.. En-Contents Biz Model.,,,,. 1995, 'DreamWorks SKG' 1996 CGV 1998 CGV 1 1999 (,, ) 2000 CJ (IMM ) 2003 CJ 2004 CJ, nkino.com. CJ, CJ Entertainment CGV CJ CableNet CJ Media, CJ CJ Internet ( ),, (CJ ) 1999 1,494( ) 2004 118,415( ) 6 80 16
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