South Korea's Webtoon Entertainment, through its Japanese subsidiary LINE Digital Frontier, has made a strategic investment in Tokyo-based manga and webcomic studio No. 9. This marks the company's first venture into a Japanese content production facility, aiming to enhance its presence in one of its fastest-growing markets. The partnership will bolster Webtoon's content pipeline while integrating No. 9's popular titles into global platforms. Additionally, this move reflects a broader trend of Japanese entertainment companies seeking international collaborations to expand their reach.
The collaboration between Webtoon Entertainment and No. 9 is set to significantly enrich the variety and quality of content available on Webtoon platforms. By securing a minority stake in No. 9, Webtoon aims to tap into Japan's rich manga culture and produce more localized and globally appealing webcomics. This strategic move aligns with Webtoon's mission to foster an ecosystem where creators can thrive and audiences can enjoy diverse stories. The integration of No. 9’s board with an external director from LINE Digital Frontier further solidifies this partnership, ensuring smooth operations and shared goals.
Founded in 2016, No. 9 has already established itself as a powerhouse in the manga and webcomic industry, producing hit series such as “Savior of Divine Blood” and “I Am the Strongest Transcendent.” These titles have been successfully localized for Webtoon’s global audience, translated into multiple languages including Korean, English, Mandarin Chinese, French, Thai, and Indonesian. The localization efforts have not only expanded the reach of these stories but also introduced new audiences to unique and compelling narratives. With this partnership, Webtoon aims to continue developing and promoting high-quality content that resonates with both local and international readers.
Japan's significance as the birthplace of manga and a hub for comic art makes it a prime market for Webtoon Entertainment's expansion. CEO Junkoo Kim emphasized the importance of cultivating an IP and Creator Ecosystem in Japan, which has led to substantial growth and success. Titles like “Omniscient Reader’s Viewpoint” and “GOSU” have garnered global attention, with adaptations planned for anime and other media formats. This investment underscores Webtoon's commitment to collaborating with Japanese partners to bring more captivating stories to life for a worldwide audience.
Webtoon Entertainment's LINE Manga app has consistently topped revenue charts in Japan, demonstrating the company's strong foothold in the market. Collaborations with renowned studios like Aniplex and Toei highlight the growing synergy between Japanese and international entertainment industries. This trend extends beyond Webtoon, as many Japanese companies are actively pursuing global partnerships. For instance, Toho has ventured into overseas markets by acquiring Gkids, while TBS Holdings and Fuji TV have outlined ambitious plans for international expansion. Webtoon's investment in No. 9 signifies a pivotal step in this evolving landscape, positioning the company at the forefront of global content creation and distribution.