▲ This photo provided by JTBC Studios and Studio Dragon shows the logos for each of the production companies. (PHOTO NOT FOR SALE) (Yonhap)

 

 

SEOUL, June 1 (Yonhap) -- Studio Dragon and JTBC Studio, the two largest drama producers in Korea, have announced to enter into the U.S. market.

 

On Monday Studio Dragon agreed to co-produce the American drama series "The Big Door Prize" with Skydance Television for Apple TV+).

 

While Studio Dragon stressed that it has previously exported numerous contents to various countries, it is the first time for a South Korean drama production company to participate in creating a drama series to be aired in the U.S.

 

JTBC Studio has now acquired Wiip, which is an American television studio founded by Paul Lee, who is also the founder of BBC America and former president of ABC Network and ABC Studio.

 

As Wiip has been praised for making high-quality drama series in the past, people have started to wonder what kind of synergy it will create with JTBC Studio in the future.

 

Although content production and distribution are the most active among the global markets, the industry is also paying attention to the background and achievements of Korean drama production houses that have succeed to enter the U.S. market.

 

While it is commonly said that Korean dramas are cheap, fast, and fun to make within the local and foreign production industries, it was further proved by online video services (OTT), especially Netflix.   

 

In addition to the zombie historical drama "Kingdom," Netflix has invested in the production of many original Korean dramas, which has allowed South Korea to be recognized as the base for Asian content production.

 

Netflix's "Kingdom" and "Sweet Home" and Studio Dragon's "Crash Landing on You" and "Hotel Del Luna" have also succeeded in catching the attention of local and foreign fans interested in Hallyu.

 

Jung Duk-hyun, a pop culture critic, explained, "As the content production and consumption environment is centered around OTT, global collaboration is becoming more natural," adding, "In particular, the capabilities of Korean production companies are being recognized overseas, so there are also proposals coming in from abroad."

 

 

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