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Webtoon Entertainment Invests in Japanese Webcomic & Manga Studio No. 9
Webtoon Entertainment will make its first investment in a Japanese studio by taking a minority stake in No.9, which produced 'Savior of Divine Blood.'
“Japan is the home of manga and some of the world’s most exciting comic art, so it’s a natural growth market for our global business,” said Junkoo Kim, CEO & Founder of Webtoon Entertainment. For example, Toho was among the first Japanese studios to forge an overseas footprint, including acquiring leading anime distributor Gkids in North America. At Tokyo’s TIFFCOM contents market last year, TBS Holdings and Fuji TV both gave presentations on their international expansion plans, which included establishing new U.S. offices and selling and packaging their extensive libraries of IP.
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