MEDIACORP AND SPACKMAN ENTERTAINMENT GROUP FIRST-EVER CO-PRODUCTION TO BRING TOGETHER POWERFUL STORYTELLING, TALENT AND MIX OF FAMILIAR AND FRESH FACES FROM KOREA AND SINGAPORE

SINGAPORE - Media OutReach - 23 April 2019 - Singapore's Mediacorp and Korea's Spackman Entertainment Group Limited ("Spackman Entertainment Group"), are set to co-produce a romantic drama bringing together talent and a mix of familiar and fresh faces from Korea and Singapore. Mediacorp and Spackman Entertainment Group, known for its 2018 blockbuster film Default, have today signed a memorandum of understanding for their first-ever co-production.

The 20-episode drama co-production carries the working title Equity of Love and promises to draw viewers into a twist-of-fate story, set against the alluring luxury hospitality and fast-paced financial landscapes of Singapore, combining the key ingredients of ambition, greed, forgiveness, love and friendship.

Doreen Neo, Chief Content Officer of Mediacorp, said: "Spackman Entertainment Group and Mediacorp share a passion for brilliant storytelling and high-quality production values. We are thrilled to be working with the group to transpose their cinematic prowess into drama production and produce a riveting drama that will entertain and intrigue audiences in Korea and Singapore. This partnership is also a statement that Mediacorp is open for business. We are actively seeking partners for co-productions and other collaborations."

Irene Lim, Chief Customer Officer of Mediacorp, said: "This co-production is another demonstration of Mediacorp's commitment to build partnerships that deliver compelling, contemporary content to audiences everywhere. Mediacorp and Spackman Entertainment Group bring different strengths to the collaboration and there is much we can learn from each other in our common quest to create distinctive, quality content for our audiences."

John Ko, Chief Executive Officer of Spackman Entertainment Group said, "We are very excited to embark on this unique opportunity to produce the first Singapore-Korea drama with Mediacorp. We hope that the cross-border collaboration will have a significant impact on the Singaporean entertainment industry as we bring in fresh and original content to viewers across the region and beyond. Starting with this project, we intend to add non-Korean content production as a new growth segment complementing our core Korean movie production business."

The drama is slated to commence production during 2019 and expected to telecast in the second half of 2020. Viewers will be serenaded with both Korean and Mandarin soundtracks specially composed for the series. The cast line-up shall be announced soon in due course.

Mediacorp and Spackman Entertainment Group intend to negotiate and finalise the terms and conditions for the co-investment and co-production of the aforementioned proposed drama and enter into definitive agreement as soon as reasonably practicable. The exclusive period of the memorandum of understanding is one year.

Besides Spackman Entertainment Group, Mediacorp has been collaborating with media partners from the region to produce quality content. Mediacorp partnered with Hong Kong's ViuTV for Toggle Originals thriller Bluetick in 2017 and with Taiwanese production house Eightgeman (拙八郎创意执行有限公司) and Taiwan Television Enterprise (台湾电视公司) to produce a unique 40-episode dual-action drama All Is Well《你那边怎样.我这边OK》last year.