Webtoon Entertainment Invests in Japanese Webcomic & Manga Studio No. 9
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deadline.comWebtoon Entertainment‘s Japanese subsidiary, LINE Digital Frontier, unveiled its strategic investment in Japanese webcomic and manga studio No.
9. The deal marks Webtoon Entertainment’s first investment in a Japanese studio. Webtoon is owned by South Korea’s Naver Corporation.
Webtoon said in a statement that this minority stake in No. 9 will help to “boost Webtoon Entertainment’s content pipeline in Japan, the company’s fastest-growing market.” No.
9 will appoint an outside director from LINE Digital Frontier to its board as part of the deal, with LINE Digital Frontier operating both LINE Manga and eBookJapan.
Read more on deadline.com
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