Studio Santa Claus "Significantly Reduce Loss-Making Businesses, Successfully Complete Preparation for New Ventures"

[Asia Economy Reporter Jang Hyowon] Studio Santa Claus announced on the 31st through an official statement explaining its recent status that it intends to expand its new business.

In the statement, the company expressed its intention to significantly downsize the management division to create a more focused work environment and to partner with capable production companies that can produce high-quality content in the drama and film production sector. It also explained that the investment and distribution division will be integrated with the overseas business division to broaden the scope of securing domestic and international content.

A Studio Santa Claus representative said, “We will continue to operate stably and efficiently so as not to cause concern to our shareholders and stakeholders who support the company,” adding, “As stated in the statement, this is a choice for the next level of growth.”

He continued, “We are preparing and reviewing new businesses that can become new growth engines, and we will do our best to successfully complete them to enhance shareholder value and increase the company’s value.”

Meanwhile, Studio Santa Claus has been recognized for its potential as a drama production and distribution company by distributing the Netflix drama ‘My Name’ and the film ‘Gangneung,’ both of which received much love.

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