Friday, September 21, 2007

[The Chosun Ilbo, September 19 2007] Samsung to Invest in U.S. Independent Films

Samsung will join hands with a U.S. film distributor and invest some US$250,000 annually in making movies. The group launched Samsung Entertainment Group for its film business in 1995 with staff from Samsung Electronics, Samsung Corp., and Cheil Communications but liquidated the company in 1998 and since then has not invested directly in the film industry except for supervising product placement.

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