A new Korea-Japan content joint venture, StudioMonowa, has been launched by CJ ENM, TBS and U-Next Holdings. The joint venture combines CJ EnM's K-drama production expertise with TBS’s original IP pipeline and U.Next’�s streaming infrastructure. The agreement allows CJ ENm to lead content planning and creative differentiation, while TBS will source original Japanese IP and manage channel releases. U-next, Japan's leading local streaming service, will handle distribution of the venture's original titles on its platform. The studio's name comes from the Japanese words "mono" and "wa" (harmony).