There is a reason why directors and writers continue to release their works on Netflix, where there is no incentive system.

Netflix usually pays the full production cost in advance, and an additional amount of 10-20% of the production cost is paid as a fixed amount. Therefore, when the production company finishes producing the content, the intellectual property rights of the content will be transferred to Netflix.

At this time, Netflix does not ask for losses after the work is released, but does not allocate incentives separately.

As a result, the Netflix series 'Squid Game', which recently hit worldwide, did not receive any incentives. 'Hellbound', which topped the world charts within a day of its release, is also expected to be the same.

No matter how successful a work released on Netflix is, there is no significant benefit to the producer. Still, there are clear reasons why star directors and writers go to Netflix.

Director Kim Seong-hoon, who directed the 'Kingdom' series on Netflix, said, "The existence of 'Kingdom' itself was possible because of Netflix." praising Netflix highly.

Writer Kim Eun-hee, who wrote the 'Kingdom' series, also said, "I wondered if it was okay that they didn't interfere with the filming direction this much". She explained why she was able to create a work comfortably on Netflix, saying, "They put a lot of trust in me and I already thought of Netflix as one team with us since the time I began writing the script. Also, rather than assessing what I wrote, they try to think of what they can do to help."

In addition, the fact that Netflix allows free creation and that free scripts can be written without worrying about PPL are the reasons why directors and writers come to Netflix.

Source(1)

Kim Jaejoong, the famous singer and businessman, recently revealed that he was the victim of a hacking incident involving his Kakao Pay account, raising concerns about his financial safety.

On May 7, the star shared his experience with fans via the official fan platform From, explaining that his Kakao Pay account was hacked and the password was changed without his permission. As a result, Kim Jaejoong was locked out of his account and couldn’t access any of his information, which made the situation even more difficult to handle.

He expressed frustration over the customer service process, sharing that he had contacted support multiple times for help. Despite talking to a representative for over an hour, the issue wasn’t resolved. Kim Jaejoong pointed out a flaw in the system: “The hacker changed the password, so why do I, the victim, have to prove everything?”

Things only got worse when he was told he would be connected to another representative, only for it to be the same department. He admitted, “I was mentally crushed” after realizing the lack of progress. While he acknowledged that the customer service staff was working hard, he couldn’t help but feel that the system was too weak to handle such incidents.

Fortunately, after two days of struggle, the situation was finally resolved. Kim Jae Joong confirmed that his account was closed and deleted, and luckily, no financial loss occurred. “It was truly a terrifying day,” he shared, relieved that the problem was fixed.

Despite the scary experience, Kim Jaejoong continues to thrive in other areas of his career. In 2023, he co-founded iNKODE Entertainment, a company where he works as a producer and businessman. iNKODE Entertainment currently manages artists like Oh Ji Yul, Jung Si Hyun, Lee Ji Hoon, and others. Kim Jae joong also launched the 7-member girl group Say My Name last year.

Even though he’s facing challenges, Kim Jaejoong’s career remains strong, and he’s taking steps to ensure this type of situation doesn’t happen again.

Source (1)