RE:RE:RE:RE:Los Angeles Times Review of "Default"Default did very well in the box office. Total box office take in S. Korea was US $27.46 M. I can't find box office numbers from other markets around the world but in North America, the total take was only $0.17M. So I do not expect the movie to do well in European markets but it may still do well in Asian coutries since the financial events depicted in the movie affected many Asian countries. So there are still revenues to accumulate and then there will be additional revenues from home video and ppv.
Total cost to produce and market the movie is believed to be around $10M. So "Default" will be a very profitable movie. The share price of the parent company (SEGL or 40e) has continued to languish, likely because the current CEO of the company lacks credibility and has greatly diluted shareholders due to the acquisition spree (many of which have not yet proven to be accretive) in 2017. But the share prices of 40e and V.SQG appear to be hugely discounted as it does not include the huge net profits from "Default".
I'm going to continue to hold. I think there will still be good box office news for "Default" from other Asian countries. I also think Q4 results to be released in mid-April will be fantastic.