Studio Dragon, a Publicly Owned company headquartered in South Korea and operating under CJ ENM Global, was founded in 2016. With approximately 40 employees, the company reported $403.7M in revenue as of 2024 and functions as a tier 1 media tech buyer. It specializes in media managed services, primarily operating as a South Korean drama production, marketing, and distribution company. Established as a spin-off from E&M's drama division on May 3, 2016, Studio Dragon became a subsidiary of CJ ENM in 2018 after its previous parent company, CJ E&M, merged into CJ ENM.
On February 3, 2026, Studio Dragon reported a fourth-quarter operating profit of 18.5 billion won, marking a 246% increase from the prior year. This financial update followed the company's January 27 observation that its share price had risen 16% in the previous month, though shareholders still faced a 52% loss over the last five years due to a decline in earnings. Earlier, on January 22, the series "Bon Appétit Your Majesty," produced by Studio Dragon, ranked as the third most-watched title globally across all series content on Netflix for the second half of 2025. According to Netflix's H2 2025 engagement report, the series amassed 588.3 million viewing hours, placing it behind "Wednesday Season 2" and "Stranger Things 5."
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Studio Dragon offers 2 products in the media tech and media and telecoms services 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 51% of Studio Dragon's revenue.
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