Studio Dragon, the producer of TV series ”My Neighbor is Perfect” starring Jung HaeIn, turned to the red in the third quarter due to ”a decline in the number of productions”

Studio Dragon has announced its third quarter 2024 results. On the 7th, Studio Dragon announced that it recorded sales of 90.3 billion won and an operating loss of 900 million won in the third quarter of this year.
This was due to a 20% decrease in the number of programs offered on platforms, including TV and OTT, compared to the same period last year.
The decline in performance was also due to the impact of a decline in T Originals and high-profit productions in the first half of the year, such as "Queen of Tears" and "Marry My Husband," in the third quarter.
In the fourth quarter, tvN and Disney+ are currently showing strong ratings and becoming hot topics with "Jeongyeon: A Star is Born," a popular TV series, "Secret Forest,"
The series includes the TVING original series "Good or Bad, Dongjae," a spin-off starring Lee Jun-hyuk, and the romantic comedy "Love on a Single Bridge" starring Joo Ji-hoon and Jung Yu-mi.
A Studio Dragon representative said, "As the amount of TV series production in Korea is decreasing, the number of productions by Studio Dragon is also expected to decrease this year.
"We plan to diversify our business and strive to restore profitability by optimizing our portfolio to have an even mix of major, small and medium-sized titles."
This year, Studio Dragon has produced a number of hits, breathing life into the stagnant TV series industry.
In the first half of the year, "Queen of Tears" and "Marry My Husband," which were released on tvN, Netflix, and Amazon Prime Video, broke various viewing records in Korea and overseas.
"Raruki" also ranked first on the Netflix Global (non-English) rankings, and tvN's "Graduation" joined the ranks of well-made works with its excellent directing and acting.
N's "Mr. Perfect" has been ranked in the Netflix Global Top 10 (non-English) for 11 consecutive weeks.