WYSIWYG Signs MOU with IP Content Company 'Ridi' for "Novel IP Video Adaptation"

[Asia Economy Reporter Hyunseok Yoo] Wysiwyg Studios announced on the 12th that it has signed a business agreement with content company ‘Ridi’ to jointly promote transmedia projects including the video production of story IPs.

Ridi is emerging as a rising power in the content IP sector by expanding its business areas into webtoons, web novels, and animation. Based on its strengths in the existing e-book and web novel IP fields, it is focusing on the ‘Novel Comics’ business that adapts these into webtoons, producing IPs with attractive storytelling.

This MOU was carried out with the purpose of creating killer content by utilizing Ridi’s original novel brand ‘Ujuraikeu Novel’ IP and Wysiwyg’s video solutions. Both companies expect that through collaboration on various transmedia projects such as video adaptations based on Ridi’s original novel IPs, they will be able to mutually enhance the value of IPs and content.

First, the two companies plan to promote the video adaptation of the work ‘Illegal Immigrant from the Moon’ by author Sim Neoul. ‘Illegal Immigrant from the Moon’ is an SF novel depicting incidents that unfold as people gain superpowers such as mental connection and gravity control. Wysiwyg plans to bring the original’s captivating worldview to video content through its world-class video production solutions.

Ridi CEO Baek Gisik expressed his expectations, saying, “We are excited to be able to give wings to Ridi’s original content together with Wysiwyg, whose content production capabilities have been recognized on the global stage.”

Wysiwyg Vice President Kim Jaehun said, “We are very pleased to form a partnership with Ridi, which possesses abundant content IP, at a time when the status of K-content is rising day by day,” and added, “Starting with this business agreement with Ridi, we will create the second and third ‘Squid Game’ through synergy between the two companies.”

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