DramaBox Seeks $100 Million as Micro-Drama Race Heats Up

DramaBox is seeking new U.S. funding, with one source citing a $100 million target at a $500 million valuation, as the race to dominate micro-dramas intensifies.The StoryMatrix-owned app monetizes short vertical series such as “A Deal with the Hockey Captain” and “The Lost Heir: A Christmas Reckoning” through one-off payments, about $20-a-week subscriptions, and ads, after previously telling Business Insider it was profitable and aiming to partner with Hollywood filmmakers.The broader entertainment-tech boom includes MoviePass CEO Stacy Spikes launching Mogul in beta for pop-culture gambling and rivals drawing backing from Disney, Fox, Meta, TikTok and investors behind ReelShort, GammaTime and Holywater even as some doubt the format’s long-term appeal.