Studio Dragon, publicly owned and headquartered in South Korea, was founded in 2016, has approximately 40 employees, and reported $403.7M in revenue as of 2024. The company's main product is media managed services, and it operates as a tier 1 media tech buyer. It is a subsidiary of CJ ENM Global. Functioning as a South Korean drama production, marketing, and distribution company under the CJ ENM Entertainment Division, Studio Dragon was established on May 3, 2016, as a spin-off from E&M's drama division. In 2018, Studio Dragon became a subsidiary of CJ ENM after its previous parent company, CJ E&M, was merged into CJ ENM.
Studio Dragon and Jaedam Media are set to adapt the popular Naver webtoon series 'High School Queen' into a drama, signaling a continued focus on bringing webtoons and web novels to screen, as announced on February 26, 2026. This follows the company's report on February 3, 2026, of a fourth-quarter operating profit of 18.5 billion won, a 246% increase from the previous year. Despite this recent quarterly growth, Studio Dragon shareholders have experienced a 52% decline in earnings over the past five years, although the share price did rise 16% in the month leading up to January 27, 2026. Previously, on January 23, 2026, the Studio Dragon-produced drama ‘Tyrant’s Chef’ achieved a global third-place ranking for viewing hours across all series content on Netflix in the second half of 2025, accumulating 588.3 million viewing hours, according to Netflix's H2 2025 engagement report.
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Studio Dragon offers 2 products in the media and telecoms services and media tech industries. Studio Dragon's product portfolio comprises of content rights and media managed services.
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Studio Dragon's revenues were $403.7M in 2024. Caretta Research has split Studio Dragon's revenue into 2 different product categories, the largest of which is content production services, which represents 72% of Studio Dragon's revenue.
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