SEOUL, Jan. 30 (Korea Bizwire) — YouTube and its music streaming service are gaining dominance in the South Korean music streaming market, a survey showed Sunday. The Korea Creative Content Agency conducted a nationwide survey of 3,500 people between 10-69 years of age, which revealed that local music streaming giant Melon, operated by Kakao Corp., [...]
SEOUL, Aug. 10 (Korea Bizwire) — Among major music streaming services, Melon ranked first in a recent survey in terms of the number of pay subscribers and user preferences in South Korea. According to a survey conducted by the Record Label Industry Association of Korea of 1,500 pay subscribers for domestic music streaming services, Melon [...]
SEOUL, April 9 (Korea Bizwire) — KT Corp., a South Korean telecom giant, said Friday it has clinched business ties with a Vietnamese cable network to cooperate in developing a music streaming platform in the Southeast Asian country. Under the memorandum of understanding, KT and Vietnam Television Cable, a subsidiary of state broadcaster Vietnam Television, [...]
SEOUL, Feb. 8 (Korea Bizwire) — Global streaming giant Spotify Technology SA said Monday that South Koreans will be able to enjoy personalized music recommendations and discover new music through its service. The service landed in the country last week, giving South Koreans access to over 60 million tracks and over 4 billion playlists from [...]
SEOUL, Jan. 21 (Korea Bizwire) — Attention is mounting as to whether Spotify can succeed in the South Korean market after the global music streaming service platform announced plans to launch its service here within the first half of this year. The driving force behind Spotify’s strong popularity around the world is its strong music [...]
SEOUL, March 23 (Korea Bizwire) — Flo, the third-biggest music streaming service in South Korea, has recently revamped the compilation method of its music charts in a countermeasure against a lingering controversy over music chart manipulation. The music streaming service run by SK Telecom introduced a new “Flo Chart” to replace a real-time music chart [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korean mobile music services are raising subscription fees to cope with new regulations on copyright royalties that took effect on Tuesday. The new regulations stipulate that 65 percent, rather than 60 percent, of returns generated from music streaming must be remitted to the copyright holder. Discount rates have [...]
SEOUL, Jan. 12 (Korea Bizwire) — The Korean pop music market saw sharp increases in the consumption of digital music through streaming and the sales of physical albums in 2017, a market tracker said Friday. Twelve songs, up from only two in the previous year, streamed more than 100 million times, indicating a major shift [...]
LONDON, Jun. 6 (Korea Bizwire) — Burgeoning entertainment and media industry segments such as virtual reality (VR), e-sports and music streaming illustrate an intensifying focus on users and the vital role of “fans” as a source of competitive advantage. Photos accompanying this announcement are available at: http://www.globenewswire.com/NewsRoom/AttachmentNg/9eecacb2-8d35-4636-81cd-954fba664e5c http://www.globenewswire.com/NewsRoom/AttachmentNg/617d79af-ca18-42b1-8fe3-6a4a3094d32c http://www.globenewswire.com/NewsRoom/AttachmentNg/5cbd9156-5862-4cad-bcab-ff13a1fda1a9 http://www.globenewswire.com/NewsRoom/AttachmentNg/693e5612-be39-4d56-b8da-9dda33bf5615 According to PwC’s Global entertainment [...]
SEOUL, Jan. 11 (Korea Bizwire) – South Korea’s top mobile messenger operator Kakao Corp. said Monday it will take over a controlling stake in LOEN Entertainment Inc., expanding its business scope to cover music streaming. Under the plan, Kakao will purchase a 76.4 percent stake in the country’s leading provider of music streaming and download [...]