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BloomZ Announces Strategic Business Alliance with Foom Co. Ltd. to Expand into the Webtoon Industry
a leading Japanese anime production, audio 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 20231, with projections to grow at a compound annual growth rate (CAGR) of 27.3% from 2024 to 20301. 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 webtoon planning and production capabilities, the partnership aims to deliver innovative webtoon content that reaches a global audience.
"I am pleased to announce our strategic business alliance with Foom, marking BloomZ's entry into the rapidly growing webtoon industry," said BloomZ CEO Kazusa Aranami. "With the increasing demand for webtoon content among Japanese audiences, we see a significant opportunity to tap into this growing market. By leveraging our experience in anime production and the VTuber space, we aim to bring a unique perspective that complements and enhances Foom's webtoon planning and production capabilities to deliver high-quality webtoon content. We look forward to working closely with Foom's team to produce new projects for a growing audience."
1Source: Grand View Research
About BloomZ Inc.
BloomZ is a Cayman Islands holding company with an operating subsidiary, Kabushiki Kaisha BloomZ ("BloomZ Japan"), in Japan. BloomZ Japan is a Japanese audio producing and voice actor and VTuber managing company. BloomZ Japan has experienced staff who have worked on audio production for animations and video games for more than 10 years. BloomZ Japan also manages, cultivates and promotes voice actors and VTubers.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management's current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management's expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company's reports filed from time to time with the SEC. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
BloomZ Investor Contact
John Yi and Steven Shinmachi
Gateway Group, Inc.
949-574-3860
Email: [email protected]
SOURCE: BloomZ
O.Norris--AMWN