Seven years after posting “Baby Shark Dance” on YouTube, Kim Min-seok, CEO and cofounder of the Korean company behind the viral video, looks to expand and replicate its success in digital comics called webtoons, as well as offline shows and theme parks.
COURTESY OF KAKAO ENTERTAINMENT
It’s also a fast-growing market. In Korea, where the webtoon format was created in the early 2000s, sales of digital comics reached 1.6 trillion won in 2021, up from 1.1 trillion won in 2020 and 380 billion won in 2017, according to an industryThe growing market for webtoons is being fueled by the diverse range of content available, says Kang. There are relatively few overhead costs and a low barrier of entry for making webtoons, he says, allowing cartoonists to easily make a variety of them.
, valuing the Korean webtoon startup at $1.3 billion. And Kakao Entertainment received about $950 million in investment from GIC and Saudi Arabia’s Public Investment Fund in January this year. “Live shows are one of the most engaging ways to foster fans’ loyalty,” says Kim. “Providing a space where kids and families can sing and dance together, live shows offer unique entertainment experiences with different levels of engagement compared to the experiences from TV shows and videos.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Brazil seizes world's biggest illegal shark fin consignmentBrazilian authorities said on Monday they had seized 28.7 metric tonnes of illegally obtained shark fins that would be exported to Asia, in what they called the world's largest confiscation of its kind at the origin.
Read more »
Alex Brightman, Colin Donnell Join Broadway-Bound Jaws Comedy ‘The Shark Is Broken’Beetlejuice’s Alex Brightman and Chicago Med’s Colin Donnell will portray Richard Dreyfuss and Roy Scheider, respectively, in the upcoming Broadway making-of-Jaws comedy The Shark Is Br…
Read more »
Drew Rosenhaus Wrestles Shark On Fishing Trip With Tyreek HillNFL super agent Drew Rosenhaus went from being a proverbial shark on Tuesday ... to wrestling an actual one -- and the wild scene was all captured on video!
Read more »
Jason Momoa Shark Week Promo Is A Day At The Breach Best Watched From ShoreAquaman is lording over SharkWeek next month, and Discovery is wetting your appetite a day before the summer solstice. Jason Momoa is hosting the cable net’s celebration of All Things Shark that attacks on July 23, and now we have the first promo (WATCH)
Read more »
Fishing crew denied $3.5 million prize after their 619-pound marlin is bitten by a sharkMembers of a competitive fishing crew are filing a protest after they were denied a $3.5 million prize because of a shark bite.
Read more »