For the purposes of this market, Sony Pictures Animation is considered the rights holder and producer of KPop Demon Hunters, regardless of distribution arrangements (e.g., as a Netflix Original). A “commercial release” shall mean the first public availability of a movie sequel to KPop Demon Hunters (e.g., KPop Demon Hunters 2 or another direct continuation in the same film franchise) to the general public, whether through streaming (including a Netflix-exclusive) or direct-to-digital/home media release. Other films with unrelated titles or concepts, even if involving K-pop themes, are excluded. Limited festival screenings, private previews, or promotional showings do not qualify unless they coincide with or constitute the official wide release to the general public.