[HanCinema's News] Studio Dragon Announces Boost in Earnings for Second Quarter
By William Schwartz | Published on
Studio Dragon recently announced their second quarter earnings and the news is positive for investors. Studio Dragon has seen its sales jump to 150 billion won, or around 120 million dollars. This represents a 48.5% boost compared to the second quarter of 2021. Profit has seen an even bigger boost of 95.7% to 27 billion won, or around 20 million dollars. The better-than-expected performance has caused Studio Dragon to upgrade their stock price goal from 100,000 won to 110,000 won.
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Studio Dragon had thirteen projects released during the second quarter. "Our Blues" and "The Killer's Shopping List" are two of these titles that were released via the normal TV distribution method. "Monstrous" and "Yumi's Cells - Season 2" were, by contrast, designed for streaming platforms. Both models appear to be showing strong success for Studio Dragon, although the drama production company did not state which individual dramas earned or lost money.
Studio Dragon did claim that seven of these thirteen titles exceeded expectations. "Our Blues" and "Alchemy of Souls" were specifically called out as successful tentpole projects, though Studio Dragon also stated that sales to streaming platforms such as Disney+ have shown good outcomes. Studio Dragon has twenty-three projects planned for the latter part of this year, and counts Netflix, Disney+, TVING, Coupang Play, Apple TV+, and Amazon Prime as interested buyers for these projects.
Written by William Schwartz
William Schwartz
Staff writer. Has been writing articles for HanCinema since 2012, having lived in South Korea from 2011 to 2021. He is currently located in the Portland metropolitan area. William Schwartz can be contacted via william@hancinema.net, and is open to requests for content in future articles.