Kakao Entertainment to Merge 3 Story Content Subsidiaries
Kakao Entertainment is consolidating its webtoon and web novel production arms into a single company under the Samyang C&C name to strengthen its IP business and global pipeline.
Reporting from 1 source: Anime News Network.
Kakao Entertainment announced on August 14 that it will merge three wholly owned story content subsidiaries: Samyang C&C, Intime, and Pilyeon Management. The companies approved the merger at board meetings on August 12 and plan to complete it by the end of the year. The merged company will keep the Samyang C&C name, led by CEO Sung-taek Cha. The three firms develop webtoons and web novels across romance fantasy and martial arts genres, covering production, publishing, merchandise, and adaptations into live-action and animation.
The merger is part of Kakao Entertainment's effort to strengthen its intellectual property business. Kakao Entertainment said combining the companies will strengthen its expertise in adapting web novels into webtoons. The group plans to develop and discover IP across multiple genres with the goal of building new major franchises and strengthening its global IP pipeline.
- Samyang C&C: the merged company will retain this name
- Intime: wholly owned by Kakao Entertainment
- Pilyeon Management: wholly owned by Kakao Entertainment
Synthesized by Yomimono from the 1 cited source below, including Japanese-language reporting where cited, then editorially reviewed before publishing.
Sources
- Anime News Network News Kakao Entertainment to Merge 3 Story Content Subsidiaries