Fantagio Accelerates IP Business Focused on Video Content Through Joint Investment with Affiliates
[Asia Economy Reporter Jang Hyowon] Comprehensive entertainment company Fantagio announced on the 27th that it has signed a business agreement with ‘Mirae I&J’ and ‘NK Mulsan’ regarding the development and production of video content.
Through this agreement, the three related companies agreed to mutually cooperate on ▲ securing video content IP ▲ securing video content production and production personnel ▲ sales and distribution of video content ▲ joint investment in funds necessary for securing, developing, and producing video content IP.
Fantagio has grown by standing out in management and album planning and production. Recently, it is pursuing the acquisition of a drama production company with strengths in drama planning and IP development, and based on this, it is seeking to expand its business into film production and overseas performances to take a step forward as a comprehensive content company.
Mirae I&J is a company that supplies and builds solutions related to ‘SWIFT messages’, ‘anti-money laundering’, and ‘overseas investment operations’ used in cross-border financial transactions. Based on the global interest in Hallyu, it plans to focus not only on expanding the influence of entertainment businesses such as drama and celebrity planning but also on the growth of the cosmetic business.
NK Mulsan operates an MRO (Maintenance Repair Operations) purchasing agency business that supplies auxiliary materials, maintenance materials, packaging and logistics materials, and research materials for companies’ business site operations. Through this agreement, it plans to expand the scale of the video content business division and actively invest and conduct business activities centered on TV drama production for stable business development.
A Fantagio official said, “This agreement will be a stepping stone for Fantagio to expand its business area into drama production,” adding, “We will focus on IP development centered on video content and leap forward as a comprehensive content company.”
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He continued, “Mirae I&J can expect to expand its influence in the entertainment business sector, and NK Mulsan will have a foundation for stable business development in the video content business, so all three related companies will be able to achieve a win-win through this agreement,” he added.
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