Korea’s CJ ENM and its manufacturing subsidiary Studio Dragon, together with Naver Webtoon’s affiliated firm Line Digital Frontier are partnering on a Japan-based three way partnership underneath the tentative title Studio Dragon Japan. The brand new manufacturing studio might be established within the first half of this 12 months, with 30 billion gained ($23 million) invested by the three entities.
Studio Dragon Japan’s acknowledged aim is to be change into the market’s main manufacturing firm by delivering premium content material primarily based on CJ ENM and Studio Dragon’s experience mixed with Line Digital Frontier’s premium unique IP. The brand new firm will embody all phases of content material manufacturing from growth and funding to manufacturing and distribution.
Studio Dragon is Asia’s largest scripted tv studio with over 183 world premium IPs, and produces about 30 collection yearly distributed by way of varied platforms. The studio is understood for such in style collection as Crash Touchdown On You, Lodge Del Luna and Candy Dwelling. Line Digital Frontier is an affiliated firm of Naver Webtoon and is the highest webcomic platform within the Japanese digital market working webcomic service Line Manga.
CJ ENM, Studio Dragon and Line Digital Frontier will look to create synergy to ship premium content material in a brief span of time.
The enterprise is a part of Korean media big CJ ENM’s technique to increase its multi-studio construction internationally. Studio Dragon Japan will mark the corporate’s fourth manufacturing studio alongside Studio Dragon, Endeavor Content material and the not too long ago introduced CJ ENM Studios. With the addition of Studio Dragon Japan, CJ ENM now holds manufacturing studios in Korea, the U.S., and Japan.
Kang Cheolgu, Government Officer of Japan Drama Enterprise at CJ ENM, stated, “Based mostly on CJ ENM and Studio Dragon’s world community and presence, Studio Dragon Japan will function the bridge between high content material creators in Korea and Japan, and can act as a gateway for these high IPs to enter the worldwide market. Studio Dragon Japan will produce premium content material focused for world channels, together with streaming platforms.”
Kim Sinbae, Head of Line Manga, added, “With the institution of this three way partnership, we’ve got secured an IP worth chain that may convey to life webtoons to video content material in Japan. We’ll promote the excellence of webtoon IP by way of high-quality dramas aimed on the world market and solidify our place because the forerunner within the leisure trade.”
CJ ENM and Naver beforehand entered right into a partnership in October 2020 and have since produced Candy Dwelling and Yumi’s Cells primarily based on the latter’s IP.
