[Alpha Biz= Kim Jisun] Studio Dragon announced on May 8 that it will acquire an additional 6,800 shares of its U.S.-based subsidiary, Studio Dragon Investments, for approximately KRW 94.8 billion. Following the transaction, the company will hold a 100% equity stake in the subsidiary. The acquisition is scheduled to be completed on May 14.
The company stated that the purpose of the investment is to strengthen partnerships with local U.S. production companies and to build a global studio model.
This move is part of Studio Dragon's broader strategy to expand its international footprint and enhance its presence in the global content market.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
