Studio Dragon Records 131.2 Billion Won In third Quarter Profits + Plans For Global Expansion

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Production firm Studio Dragon has achieved its highest gross sales but.

On November 7, Studio Dragon revealed its third-quarter gross sales of 131.2 billion received (roughly $113.6 million). This is a rise of 6 % from final yr and is the corporate’s largest quarter gross sales. The firm has recorded gross sales round 100 billion received (roughly $86.6 million) for 3 consecutive quarters in 2019.

Out of the 131.2 billion received, common broadcasting gross sales that distribute tv rights to broadcasting networks rose 24.four % from final yr and recorded 60.eight billion received (roughly $52.7 million). Studio Dragon additionally recorded a enterprise revenue of 10.9 billion received (roughly $9.four million) and a web revenue of 11.5 billion received (roughly $10 million).

The largest components behind its success are growth of manufacturing and modifying, and diversification of channels together with main broadcasting networks, which have aired dramas such as MBC’s “One Spring Night” and SBS’s “Doctor John.” Studio Dragon additionally strengthened its large-scale IP (mental property) by means of tvN’s “Arthdal Chronicles” and “Hotel Del Luna” and expanded its discipline of enterprise by means of Netflix’s “Love Alarm.”

In the fourth quarter, Studio Dragon plans to maximise efficiency by means of dramas akin to tvN’s “Catch the Ghost” and “Crash Landing on You,” and concentrate on increasing its world discipline of enterprise. The manufacturing firm is presently working to signal remake and studio possibility contracts with main U.S. and Asian nations. It’s additionally presently in dialogue for 3 dramas with Netflix and cooperations with extra world gamers.

A supply from Studio Dragon stated, “With the launch of the worldwide OTT (over-the-top media providers, also called streaming media providers), we’ll proceed to distribute authentic [content] and diversify our channels. Next yr, we’ll work on IP remake, world cooperation, manufacturing, and distribution in an effort to obtain early success upon coming into the U.S. We plan to extend our medium-term abroad gross sales by as much as 50 %.”

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