Korea’s CJ ENM and its production subsidiary Studio Dragon, along with Naver Webtoon’s affiliated company Line Digital Frontier are partnering on a Japan-based joint venture under the tentative name Studio Dragon Japan.
The new production studio will be established in the first half of this year, with 30 billion won ($23 million) invested by the three entities.Studio Dragon is Asia’s largest scripted television studio with over 183 global premium IPs, and produces about 30 series every year distributed via various platforms.
The studio is known for such popular series as Crash Landing On You, Hotel Del Luna and Sweet Home. Line Digital Frontier is an affiliated company of Naver Webtoon and is the top webcomic platform in the Japanese digital market operating webcomic service Line Manga.CJ ENM, Studio Dragon and Line Digital Frontier will look to create synergy to deliver premium content in a short span of time.
Kang Cheolgu, Executive Officer of Japan Drama Business at CJ ENM, said, “Based on CJ ENM and Studio Dragon’s global network and presence, Studio Dragon Japan will serve as the bridge between top content creators in Korea and Japan, and will act as a gateway for these top IPs to enter the global market.
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