Visual effects (VFX) and content corporation Dexter Studios (CEO: Kim Wook and Kang Jong-ik) is looking to expand its Digital Intermediate (DI) and sound studio lines to strengthen the company’s overall competitiveness in the Over-the-Top (OTT) market.
On June 21, Dexter Studios announced its plans to expand its THE EYE division and add an additional studio at its subsidiary Livetone. Once complete, the upgrades, costing a total of KRW 2.5 billion, will be directed towards the OTT market.
Dexter Studios’ latest upgrade is both a preemptive investment in facilities aimed at responding to changes in the content market, which is rapidly reorganizing around OTT, and a measure to help meet an increase in orders. In fact, orders won by D.I and Livetone have skyrocketed over the past several months. As of the first half of the year, D.I improved its performance by 35% over its performance last year, while Livetone managed to boost its performance by 49% over the same period.
D.I has been producing high-quality content from on-set DITs to color correction and mastering based on its sophisticated and advanced technical infrastructure and proven expertise. Top examples include “The Wailing” (2016), “Train to Busan” (2016), “The Outlaws” (2017), “1987: When the Day Comes” (2018), the “Along with the Gods” series (2018-2019), “Parasite” (2019), “Ashfall” (2019), and “Deliver Us from Evil” (2020).
D.I’s work also stretches beyond the box office. It has been a constant presence in the OTT and TV market with productions such as the “Kingdom” series (2019-2020), “The School Nurse Files” (2020), “Flower of Evil” (2020), “Itaewon Class” (2020), and “Night in Paradise” (2021). During the first half of this year alone, D.I has worked on over a dozen OTT series and TV serials.
Livetone, which owns the largest Dolby Atmos system in Korea and produces innovative immersive sound, has designed and mixed sound for more than 250 projects, including a dozen 10 million-seller movies (the Along with the Gods series, Parasite, etc.).
Recently, it widened its scope by signing contracts with multiple OTT companies. Currently, Livetone is working on or pending the release of more than twice as many OTT original series in Korea and abroad compared to last year.
Dexter Studios said, “With the OTT market expanding due to the pandemic, the number of orders for OTT content is also on the rise. Our latest upgrades to our D.I division and sound studio lines is an attempt at meeting this rise in demand. Moving forward, audiences will be able to experience Dexter’s high-quality sound and color correction technology in a more diverse range of productions.”