KT Studio Genie Invests in Jumbo Film, Secures 30% Stake

Director Han Dong-hwa of Jumbo Film (left) and Kim Cheol-yeon, CEO of KT Studio Genie, are posing for a commemorative photo after signing an investment contract for content production collaboration.

[Asia Economy Reporter Lim Hye-seon] KT Studio Genie has secured a 30% stake in Jumbo Film.

KT Studio Genie announced on the 24th that it had signed a new share subscription agreement with Jumbo Film. Established in April 2020, Jumbo Film is a creator label led by directors such as Choi Young-hoon, who directed the SBS drama "Wonder Woman," Han Dong-hwa, who directed the tvN drama "Navillera," and Shin Yong-hwi, who directed the OCN drama "Voice 4," and holds numerous hit works.

Through this equity investment, KT Studio Genie will actively expand the 'With KT' ecosystem that coexists with domestic production companies. The two companies plan to jointly produce numerous works by combining their content production capabilities, and strengthen competitiveness in the content production business through synergy with media platforms owned by the KT Group.

Kim Cheol-yeon, CEO of KT Studio Genie, said, "We plan to produce works that can elevate the status of K-content in the global market by collaborating with the excellent directors of Jumbo Film," adding, "KT Studio Genie will continue to partner with capable production companies to build an open ecosystem with KT Group's media and content business."

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