Major Nine, a comprehensive content corporation under Byfoem Studio, announced on the 7th that it successfully secured an investment of 22 billion won. This investment saw participation from numerous major venture capitals, including InterVest and Atinum Investment.
Major Nine is a corporation that produces, distributes, and markets various content intellectual properties (IPs), including music, video, performances, and games. With this investment, Byfoem Studio and the management's equity stake has increased to 65%. Since being acquired in 2022, it has actively collaborated closely with its parent company in all business areas, including investment, production, distribution, and marketing.
Institutions leading this investment reportedly evaluated Major Nine's growth potential and the possibility of expansion into overseas markets based on Byfoem Studio's one-source multi-use (OSMU) business infrastructure and marketing competitiveness.
Major Nine plans to accelerate its strategic steps toward entering global markets, including Japan and East Asia, and enhancing its content competitiveness through this investment. In particular, it aims to strengthen its capabilities in securing IPs and producing global original content to present differentiated content.
Major Nine stated that it plans to further solidify its position as a comprehensive content corporation. It intends to pursue a path toward an initial public offering (IPO) by continuing to demonstrate performance growth each year.
Byfoem Studio, the parent company of Major Nine, is a comprehensive content corporation that has consistently grown by successfully achieving hits for various works and brands in the entertainment, film, publishing, commerce, and food and beverage industries, based on its unique digital marketing and OSMU business capabilities. Multiple films that have carried out joint investments and distribution with Major Nine have recently achieved success at the box office, gaining attention.