South Korea's Pollux Pictures on Saturday announced it has acquired the rights to adapt the local novel Summer, A Corpse From Nowhere for the big screen during the first day of the Asian Film Market's Entertainment Intellectual Property (E-IP) Market that kicked off in Busan.
Launched last year, the E-IP Market is a trading zone for the right to remake films or adapt literary works, web content (online "webtoon" comic strips as well as web dramas, novels and shows), mobile/online games and stage performances. Summer is among the official selections featured in the Asian Film Market's fifth annual Book to Film, a program for connecting publishers, authors and producers for film adaptations of literary works.
Written by Park Yeon-sun and published by Nol (Dasanbooks), Summer is an intimate Korean mystery set in a remote mountain village, where three people search for clues surrounding the disappearance of four young girls 15 years earlier. Park is known for penning popular films, including the 2003 comedy My Tutor Friend, and multiple TV series including Alone in Love starring Son Ye-jin and Kam Woo-sung and Evasive Inquiry Agency. Summer is her first novel.
Pollux is best known for producing the thriller Coin Locker Girl, which bowed at Cannes last year, and 7 Years of Night. Ahn Eun-mi of Pollux had shown early interest in acquiring the rights to the book and was keen to join the Asian Film Market.
Signed on the first day of the market's opening, the deal breaks the record set last year at the market's inaugural E-IP Market when Beijing Alpha Transmedia acquired the rights to Kirin Productions' web drama The Cravings on the second day of the market.
Last year, half of the E-IP pitching projects saw contracts signed. "The E-IP Market is pioneering new trends in film markets, expanding across national borders and media platforms and heightening the expectations for the next generation of filmmakers and cinema markets," said the Asian Film Market's Susan Chae.
The 11th Asian Film Market, held in conjunction with the Busan International Film Festival, continues through Tuesday.
Read more: Busan: Market Kicks Off With Host of Deals