On November 7, Wondershare Technology announced during an institutional research session that the company launched its new product, Wondershare Drama Studio, in March this year. The product initially focused on 2D comic drama creation and later expanded to diverse content formats, including AI live-action short dramas, AI advertising dramas, overseas AI-simulated live-action dramas, and AI films. Positioned as an AI-driven, one-stop premium film and television content creation platform, it connects the entire AI film and television creation loop—from script creation, storyboard generation, and material production to post-production editing and team collaboration. The customer repurchase rate exceeds 85%, and based on annualized third-quarter data, ARR has surpassed USD 5 million. The overseas version, ReelMate AI, has entered public beta, empowering localized creation of overseas film and television content such as AI short dramas, and is currently in the stage of user co-creation and product iteration and refinement.