[Click eStock] "Jcontentree, Second Netflix Original Release"

Collaboration with Disney+ Expected
Daishin Securities Maintains Jay Contentree Target Price at 81,000 Won

[Asia Economy Reporter Gong Byung-sun] Jcontentree is releasing its second Netflix original following ‘D.P.’ Additionally, its swift collaboration with Disney is expected to contribute to future growth.

According to Daishin Securities on the 18th, Jcontentree will release its second Netflix original, ‘Hellbound,’ on the 19th. Hellbound is directed and written by Yeon Sang-ho, the director of the film ‘Train to Busan,’ and stars actors Yoo Ah-in, Kim Hyun-joo, and Park Jung-min.

This work is expected to improve the performance of its subsidiaries. Hellbound is the second production of Climax Studio, a production subsidiary of JTBC Studio. Furthermore, in the third quarter of this year, Jcontentree’s production subsidiaries recorded a combined domestic and international loss of 9 billion KRW.

They plan to supply a large amount of content to Netflix in the future. Since May last year, they have signed contracts to simultaneously air about 20 JTBC and Netflix titles over three years and supply approximately 6 to 9 Netflix originals. Starting January next year, titles such as ‘All of Us Are Dead,’ the Korean remake of ‘Money Heist,’ ‘Annarasumanara,’ and ‘The Good Family’ will be released.

They are also promoting swift collaboration with Disney. Using funds secured through JTBC Studio’s capital increase, they plan to provide tentpole productions created by acquired production companies to Disney. Tentpole refers to productions involving famous directors and actors with large capital investment. Jcontentree will simultaneously air this year’s most anticipated work, ‘Snowdrop,’ on Disney’s online video service (OTT) platform ‘Disney+’ and JTBC.

Currently, there are a total of 14 Korean dramas available on Disney+, all of which are Jcontentree’s works, which is also a positive factor. Kim Hoe-jae, a researcher at Daishin Securities, said, “Jcontentree has sold a total of 53 titles to Netflix, including simultaneous broadcasts and older works. Selling 14 older titles early on is a very swift collaboration,” and added, “It will lead the content industry proactively alongside Studio Dragon, which consistently shows stable performance.”

Accordingly, Daishin Securities maintained its investment opinion of ‘Buy’ on Jcontentree with a target price of 81,000 KRW. The closing price on the previous day was 69,500 KRW.

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