Disclosure of Confirmed JPY License Sale Contract of 5.94B KRW, Representing 19.55% of Revenue
PANENTERTAINMENT disclosed a correction to a single sale/supply contract: a confirmed amount of 5.94 billion KRW for the Japanese broadcasting license of the drama 'Flower Scholar Love Story' to Corp Korea.
This amount represents 19.55% of recent sales (30.4 billion KRW), with a contract period from June 3, 2022 to June 2, 2026 (4 years).
The amount was previously withheld for business confidentiality and is now disclosed after the confidentiality period ended.
The contract amount is derived from USD 4.8 million at the exchange rate on the contract date (1,238.4 KRW/USD).
The drama was co-produced with Apollo Pictures, and this sale demonstrates the value of PANENTERTAINMENT's content IP.
[AI Summary]The confirmed contract value of 5.94 billion KRW, representing 19.55% of sales, is material. While the contract was signed in 2022 and revenue recognition may already be complete, the disclosure improves transparency. The event is moderately positive, confirming stable revenue from content licensing.
KOSDAQ Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract