A tiny production company named after Father Christmas is the latest beneficiary of a rally in Korean entertainment stocks, as investors look up YouTube Inc. hits for trading ideas following the success of Squid Game None Google s Biggest Moonshot Is Its Search for a Carbon-Free Future.
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Seoul-based studio Santa Claus Entertainment Co. had entered a daily limit with its My Name series that surged by 30% after its 30 million monthly audience after it ranked No. 1. according to streaming ratings firm FlixPatrol, Netflix TV shows ranked 4 among the top 1 on Sunday after its release, just two days before its release. The streaming company (Nixon) estimates that Squid Game, a Korean survival game drama, will generate almost $900 million in value, showing how much one megahit can create in the online economy. The series has helped propel the U.S. streaming giant's shares to a record high as well as sparking rallies in a number of Korean entertainment names.
My name is an eight-episode thriller following a woman who seeks to avenge her father's murder. The show s popularity helped drive Studio Santa Claus to a market value of about $135 million, with trading volume on Monday more than 25 times the three-month daily average.
Among other stocks up to watch the recent boom in Korean films and TV stocks, Astory Co., the firm behind period zombie thriller series Kingdom, climbing as much as 15% on Monday. Dexter Studios Co. and Jcontentree Corp. each jumped more than 10%.
ShowBox Corp. whose predecessor had invested in Squid Game producer Siren Pictures and Studio Dragon Corp. whose Hometown Cha-Cha - Cha series is currently ranked No. 20 On Netflix, 10 people rose more than 4% each day.
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