In a move to strengthen their global footprint, CJ ENM and Studio Dragon have formed a strategic alliance with Netflix, emphasizing their dedication to delivering high-quality entertainment content worldwide. This collaboration marks a significant milestone, focusing on long-term production and distribution initiatives.

Beginning in 2020, the partnership spans three years, during which Studio Dragon will develop original series crafted by its talented creators for Netflix's global subscriber base. Additionally, Netflix will gain distribution rights to select titles from Studio Dragon’s extensive library, broadening the reach of Korean storytelling.

This alliance not only deepens existing ties but also reflects the growing international popularity of Korean dramas, with titles like "Stranger," "Mr. Sunshine," "Memories of the Alhambra," "Romance is a Bonus Book," and "Arthdal Chronicles" already capturing global audiences through Netflix.

CJ ENM’s CEO, Min Heoi Heo, expressed enthusiasm about the partnership, highlighting the company’s efforts to expand Korean content overseas. He emphasized that collaborating with Netflix will help introduce Korean stories to new markets and provide audiences with innovative entertainment experiences.

Studio Dragon’s CEO, Jinnie Choi, underscored the significance of this recognition for Korean storytelling, reaffirming their ambition to become a major player on the global stage. She reaffirmed their commitment to producing compelling content that resonates worldwide.

Netflix’s Chief Content Officer, Ted Sarandos, praised the collaboration, noting that Korean production excellence continues to resonate globally. He reiterated Netflix’s dedication to showcasing top-tier Korean dramas and strengthening its relationship with CJ ENM and Studio Dragon.

Reed Hastings, Netflix’s CEO, expressed excitement about the partnership, anticipating a mutually prosperous future. As part of the agreement, CJ ENM will be authorized to sell up to 4.99% of Studio Dragon’s shares to Netflix, fostering closer investment ties.

CJ ENM, recognized as Korea’s leading media and entertainment conglomerate, boasts a diverse portfolio across television, film, and music, operating major channels such as tvN, Mnet, and OCN. The company focuses on producing premium content across genres, establishing a dominant presence in Korea’s entertainment industry.

Studio Dragon, established in 2016, stands as Korea’s largest scripted television studio. Known for acclaimed series like "Guardian: The Lonely and Great God," "The Legend of the Blue Sea," "Signal," and "Stranger," the studio continues to expand its influence internationally through collaborative projects and production consulting.

Netflix, with over 158 million paid memberships across more than 190 countries, offers an extensive library of TV series, documentaries, and movies in multiple languages. Its platform provides viewers unlimited access on any internet-connected device, emphasizing convenience, variety, and ad-free entertainment.

This partnership exemplifies a shared vision to elevate Korean content on the global stage, promising exciting new productions and wider accessibility for audiences worldwide.

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