Netflix has signed a production and distribution agreement with Korean media outfit CJ ENM and its subsidiary Studio Dragon, one of the country’s leading series producers. Studio Dragon has credits…
As part of the partnership, CJ ENM will also have the right to sell up to 4.99% of Studio Dragon shares to Netflix.
“We’re thrilled to be partnering with both CJ ENM and Studio Dragon and look forward to a prosperous relationship for many years to come,” said Netflix CEO“CJ ENM and Studio Dragon represent the gold standard in Korean entertainment and we are excited and honored to work with them.
“Today’s announcement is a recognition that Korean storytelling and production capabilities are beloved by global audiences and reaffirms the content creation prowess of both CJ ENM and Studio Dragon. Studio Dragon will try its best to leap forward as a global major studio,” said Jinnie Choi, CEO of Studio Dragon.
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