🐯虎嗅•Stalecollected in 3m
Yuewen AI Dramas Revenue Tops 100M
💡AI content gen hits 100M revenue fast—lessons for scaling IP with low-cost video tools
⚡ 30-Second TL;DR
What Changed
AI comic dramas produced nearly 1,000 works in one quarter, 100+ with 10M+ plays, 12 breaking 100M.
Why It Matters
Signals AI's role in IP monetization, reducing costs and enabling rapid content scaling for publishers. Positions Yuewen for dual growth in domestic AI dramas and global exports, potentially inspiring similar strategies.
What To Do Next
Test Yuewen's 'Comic Drama Assistant' for text-to-visual IP prototyping workflows.
Who should care:Founders & Product Leaders
🧠 Deep Insight
Web-grounded analysis with 3 cited sources.
🔑 Enhanced Key Takeaways
- •Production costs for AI-generated comic dramas have plummeted by approximately 90%, dropping from traditional rates of 30,000–150,000 RMB per minute to just 2,000–5,000 RMB per minute.
- •Yuewen's 'Manga Assistant' tool, integrated with the Vidu multimodal model, has compressed the content creation workflow from 11 manual steps to just 3: AI script adaptation, material generation, and dynamic synthesis.
- •Despite the explosive growth in AI revenue, Yuewen reported a net loss of 776 million RMB for 2025, primarily due to a final 1.813 billion RMB goodwill impairment write-off related to its subsidiary, New Classics Media.
- •The platform's monthly AI content production capacity increased more than fourfold in late 2025, rising from 300 minutes to 1,300 minutes of finished video content.
- •AI translation has become a primary revenue driver for WebNovel, with 17,000+ works now translated by AI, contributing over 33% of the platform's total overseas revenue.
📊 Competitor Analysis▸ Show
| Feature | Yuewen (Miaobi/Manga Assistant) | ByteDance (Fanqie/Dreamina) | Kuaishou (Keling AI) |
|---|---|---|---|
| Core Strength | Deep IP library (10M+ novels) | Massive traffic & user data | High-fidelity video generation |
| AI Model | Miaobi (Proprietary LLM) | Dreamina / Doubao | Keling (Sora-competitor) |
| Monetization | IP derivatives & paid reading | Ad-supported free reading | Short-video e-commerce |
| Production Speed | 1,300 mins/month capacity | High-speed batch generation | Real-time video synthesis |
| IP Strategy | Vertical integration (Novel to Drama) | Horizontal (User-generated) | Creator-led (Xingmang program) |
🛠️ Technical Deep Dive
Yuewen's AI infrastructure relies on a specialized multimodal pipeline designed for narrative consistency:
- Miaobi LLM: A domain-specific large language model trained on over 10 billion words of professional literature to handle complex world-building and character logic.
- Character Digital Identity (ID) Binding: Uses a combination of multi-angle presetting and style locking to ensure characters maintain visual consistency across thousands of AI-generated frames, solving the 'flicker' problem common in early AIGC.
- Vidu Integration: Leverages Shengshu Technology’s Vidu model for high-consistency video generation, enabling the transition from static comic panels to dynamic 'comic dramas'.
- Automated Storyboarding: AI-driven script analysis that automatically maps text descriptions to visual assets, reducing the need for manual storyboard artists.
🔮 Future ImplicationsAI analysis grounded in cited sources
Same-day IP adaptation
The compression of production cycles to 'days' means popular novel chapters could receive AI-animated adaptations within 24 hours of text publication.
Long-tail IP resurrection
Low production costs will allow Yuewen to monetize thousands of mid-tier novels that were previously too expensive to adapt into traditional animation.
Interactive 'Choose-Your-Own' Dramas
As AI tools move toward full automation, users will likely gain the ability to generate personalized alternate endings or side stories for their favorite IPs in real-time.
⏳ Timeline
2023-07
Launch of Miaobi LLM
2023-12
Strategic Pivot to 'IP+AI' Strategy
2024-06
First Batch of AI-Assisted Comics Released
2025-10
Official Entry into AI Comic Series Field
2026-01
Launch of Full-Stack AI Production Tools
2026-03
2025 Annual Report: AI Revenue Hits 100M Milestone
📎 Sources (3)
Factual claims are grounded in the sources below. Forward-looking analysis is AI-generated interpretation.
- vertexaisearch.cloud.google.com — Auziyqhbysq8ca3nk4lr0cq83ifr1z Q0syuvwlznrzunzynkxt5snzrhqjhfc4wstqgqbmk6vshsv3qi9i8u0alwufwej Mrnwtscizr3ojd463wc9ztvx0 Yt2coewzm6vbn3ysncopfhqjxdowohpvg==
- vertexaisearch.cloud.google.com — Auziyqeuesg97o7xadfjw9ebnrrl1ep 6hqyqml1c Kfocwfk3e7qt00bbjfueaymk4peo242adcvsmyr7m8ofeb8onnie4wzplyckvarifr5uvgrhm47rlzc94ce Fh6r0uh5e1z6 I8b Nkqcy560qcmoh5bw27idbh1msr2debu9wkzkc Akd3uec1k Sthfbxnffhsq3u88ffyftqhdcvapwqjjnjy4m
- vertexaisearch.cloud.google.com — Auziyqfulwjgw536 Ybbn Cnk Jk4da70co6ws7chz9m5wzx2805ul9dllkovzgqun512vzamaq45ukaexoda 2ksouywktsklb4ahibn2bzdxa6n1ej4ow3pt12wz10w1ocbhqzkarhysykwh5yvwbxuskrwrvixak52n9mn2ukiorpfx9wkht V2zoxaichp 3ot Lla==
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Original source: 虎嗅 ↗