A PYMNTS Company

South Korea: Disney accused of Frozen 2 “monopoly”

 |  December 2, 2019

An NGO based in Seoul has alleged that the film occupied 88% of local screens on its opening day, violating Korea’s anti-monopoly laws. The inquiry into the Disney release is expected to further inflame the debate over major studio dominance of the country’s film market.

A South Korean civic group has filed a complaint with local prosecutors against the Walt Disney Company, claiming that Frozen 2 violated the country’s antitrust act by showing on 88% of domestic movie screens.

According to The Hollywood Reporter, since its release November 23, Frozen 2 has earned US$61.2 million in Korea. The sizable haul makes Korea the film’s third-largest market worldwide, trailing only North America (US$287.6 million) and China (US$90.5 million).

On Sunday, December 1, the Public Welfare Committee, an NGO based in Seoul, filed a complaint with South Korea’s Central District Prosecutors’ Office, requesting a probe into Walt Disney Korea’s suspected monopoly of the domestic movie market.

Full Content: Hollywood Reporter

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.