Studio Dragon, a Publicly Owned company headquartered in South Korea, is a tier 1 media tech buyer. Founded in 2016 as a spin-off from E&M's drama division, it operates as a subsidiary of CJ ENM Global. The company employs approximately 40 individuals and reported $403.7M in revenue as of 2024. Its main product is media managed services, with a specialization in South Korean drama production, marketing, and distribution. Studio Dragon Corporation was established on May 3, 2016, and became a subsidiary of CJ ENM in 2018 following the merger of its previous parent company, CJ E&M, into CJ ENM.
On March 23, 2026, Nippon TV licensed the Korean remake rights for its drama series “Life’s Punchline” to Studio Dragon. This agreement marks the second international adaptation of the format, following a recent confirmation of a Hong Kong version, further expanding the series’ global footprint. Studio Dragon, a division of CJ ENM, will develop this local-language adaptation. Previously, on February 26, Studio Dragon and Jaedam Media announced plans to adapt the popular Naver webtoon series 'High School Queen' into a drama, indicating a continued focus on webtoon and web novel adaptations.
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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 media managed services and content rights.
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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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