[Special Report] Domestic Media Content Stocks Fall One After Another Following Netflix Plunge

[Asia Economy Reporter Lee Seon-ae] The world's largest online video service (OTT), Netflix, experienced a sharp plunge on the 20th as it recorded a decrease in subscribers for the first time in 11 years, causing domestic media content-related stocks to fall simultaneously.

As of 9:22 a.m. that day, Studio Dragon was trading at 87,300 won, down 5.42% from the previous day. It started at 90,100 won but continued to decline as investor sentiment froze. Ace Story (-2.73%) and J Contentree (-2.97%) also showed downward trends.

These companies have supplied content to Netflix. Meanwhile, Netflix's stock plunged more than 25% in after-hours trading following its earnings announcement, dropping to the $250 range. The number of new subscribers in the first quarter decreased by 200,000 compared to the same period last year. This is the first time since 2011 that the subscriber count turned negative, completely defying market expectations.

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