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SEOUL BROADCASTING SYSTEM Studio Prism Decides Simple Spin-off of Entertainment Production Studio Business

SEOUL BROADCASTING SYSTEM· Spin-off Decision
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AI summary · Not investment advice

Subsidiary Studio Prism decided to split off its entertainment production studio business through a simple personal spin-off effective January 1, 2027.

Split ratio

Surviving company 0.75 : new company 0.25

Surviving vs. new company

Key facts

Split method
Simple personal (pro-rata) spin-off
Business to be split off
Entertainment production studio business
New company
Studio Prism Co., Ltd. (provisional name)Provisional name; may change at the shareholders' meeting
Split date
Jan 1, 2027
Listing after split
No
Relisting application
No

Commentary

AI commentary · Not investment advice

What happened

SBS decided to spin off its entertainment production studio business into a new company, tentatively named Studio Prism Co., Ltd.

In the company's terms

The method is a simple human spin-off (existing shareholders receive shares of the new company in proportion to their current holdings). The split ratio is 0.75 for the surviving company and 0.25 for the new company. The new company has total assets of KRW 38,745,335,217 and total equity of KRW 537,685,581.

What changes for shareholders

The new business unit has revenue of KRW 102,946,811,421. The surviving business unit has revenue of KRW 54,727,728,781.

The new company will not keep a listing after the split. No relisting application will be filed. The shareholders' meeting is scheduled for November 16, 2026. The spin-off date is January 1, 2027.

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