Korean intellectual properties (IP) are increasingly generating revenue not just from the original films or shows, but from secondary markets years after their initial release. A clear example of this trend is "Miracle in Cell No. 7," a 2013 Korean hit film that drew over 12 million viewers. The movie is now making money through a remake of a remake. On Tuesday, NEW, the media company behind the original film, announced that "2nd Miracle in Cell No. 7" — a sequel to its Indonesian remake — will be remade again for the Philippine market with a release set for Dec. 25. This marks the first time rights to a sequel created entirely outside Korea have been resold to a third country. The deal allows the original Korean rights holder to collect additional royalties without writing or filming the sequel in Korea. "Miracle in Cell No. 7" has already been remade in Indonesia, Turkey and the Philippines. The first Philippine version earned more than 1.1 billion won ($8.2 million) at the local box office in 2019. Lee Jung-ha, head of NEW’s subsidiary Content Panda, called the movie "a massive c