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Stock impact report

BloomZ Announces Strategic Business Alliance with Foom Co. Ltd. to Expand into the Webtoon Industry [Yahoo! Finance]

BloomZ Inc. - Ordinary Shares (BLMZ) 
Company Research Source: Yahoo! Finance
production, and voice actor management company, announced a strategic business alliance with Foom Co., Ltd. ("Foom"), a Tokyo-based company specializing in webtoon production, to expand its presence into the webtoon industry. The global webtoons market has experienced remarkable growth, valued at approximately USD $8.28 billion in 2023 , with projections to grow at a compound annual growth rate (CAGR) of 27.3% from 2024 to 2030 . Known for its rich manga culture, Japan's webtoon industry is steadily gaining traction, fueled by the rising popularity of digital comics among local audiences. Foom has a proven track record of successfully adapting renowned manga IPs, such as Dororo and Captain Harlock , into webtoon formats. Foom also holds strong relationships across Asia and the Middle East regions through its partnership with South Korea's Gatchi Communication Co. Ltd. By combining BloomZ's visual storytelling experience through its anime production and VTuber experience and Foom's Show less Read more
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