From last 10Q
The registrant operates mainly through its two subsidiaries JoongAng Movie Entertainment Co., Ltd. And Cyper Entertainment Co., Ltd.
JoongAng develops and produces 2D traditional/digital animation for television, feature films and home video/DVD. JoongAng operates in two revenue segments:
Independent Contractor for Services: JoongAng produces 2D animation for unrelated third parties on a fee basis. The projects are prepared to the specifications of the party hiring JoongAng.
Proprietary Development: JoongAng develops original animation, Costume Play Events, Live Action Feature Film projects based on characters and storylines conceived by JoongAng and also other parties in which JoongAng and their respective partners hold certain rights in the project.
Cyper is a 3D Digital Animation Production company located in Seoul, Korea, which provides services to the television, commercial and film industries.
Cyper continues to develop and produce 3D digital animation for television, short films, feature films, home video, music video and multi-media applications such as video games. Cyper operates in three revenue segments:
Independent Contractor for Services: Cyper produces digital animation projects for unrelated third-parties on a fee basis. Typically, the projects are prepared to the specifications of the party hiring Cyper.
Proprietary Development: Cyper develops original animation projects based on characters and storylines conceived by Cyper, in which event Cyper owns all proprietary rights in the project.
Co-Production Development: Cyper produces animation projects based on characters conceived and owned by other parties. With co-production developments, Entertainment enters into agreements with the owners of rights to the characters regarding responsibility for production costs, marketing costs, the allocation of gross or net revenues from the production, and the rights to derivative works, such as sequels, spinoffs, toys and games.