Fantagio Pursues Acquisition of Drama Production Company Holding IP Serialized on Naver and Kakao

[Asia Economy Reporter Jang Hyowon] Comprehensive entertainment company Fantagio announced on the 1st that it is considering the acquisition of a drama production company based on IP. The company currently under discussion is known to possess numerous IPs in addition to works serialized on Naver and Kakao.

Through this acquisition, Fantagio plans to expand its business from management, album planning, and production to drama production, accelerating its growth as a comprehensive content company.

The drama production company under consideration is evaluated as a comprehensive production company that plans and produces high-quality content through a systematic producer system and production operation. Additionally, to increase added value, it develops diverse and competitive works targeting overseas markets from the production stage.

This company currently holds various IPs and writers. It owns IPs for two webtoon works on Naver and is negotiating for two works on Kakao. For web novels, it holds one IP on Kakao and also owns overseas IPs for one work each in China and Japan. Furthermore, it is planning and developing its own IPs through 15 exclusive writers who are currently writing.

Besides the IPs it holds, this drama production company is aggressively acquiring various new IPs. It is reviewing and planning to secure new IPs for over 20 diverse works, including webtoons, novels, and essays from Naver and Kakao, as well as dramas from the US and China.

Moreover, it plans to strengthen its pool of writers and develop its own IPs by additionally securing talented writers from various fields, including existing drama writers, winners of KBS one-act play contests, CJ O’PEN contests, and other competitions.

A Fantagio representative said, “The drama production company to be acquired this time is strong not only in drama planning but also in aggressive IP acquisition and IP development utilizing its own pool of writers.” He added, “Through this, we expect to maximize drama profits based on IP and also anticipate various IP-related revenues.”

He continued, “Fantagio has grown by achieving results in existing management, album planning, and production fields,” and added, “Starting with this drama production company acquisition, we will expand our business areas to film production and overseas performance projects, growing into a comprehensive content company.”

This content was produced with the assistance of AI translation services.