SEOUL, Nov. 28 (Korea Bizwire) — Netflix has been speeding up efforts to strengthen strategic partnerships with South Korean content creators in an apparent move to expand its influence in the country’s burgeoning streaming service market. Last week, the U.S.-based streaming giant inked a deal with CJ ENM, an entertainment unit of CJ Group, and [...]
SEOUL, Nov. 25 (Korea Bizwire) — U.S. media services provider Netflix Inc. aims to cooperate further with South Korean and Asian content providers who can appeal to the global audience, its CEO said Monday. “At Netflix, we are excited to be part of this K-wave and the broader Asian-wave everyone here is working to create: [...]
SEOUL, Nov. 12 (Korea Bizwire) — Netflix Inc. had an estimated 2 million paid viewers in South Korea as of the end of October, more than doubling from a year earlier, data showed Tuesday. South Korean subscribers to the U.S. video streaming platform numbered 810,000 in October 2018, according to the data from industry tracker [...]
SEOUL, Oct. 24 (Korea Bizwire) — As Netflix’s upcoming film “The King” hit South Korean screens this week, the global media giant’s theatrical release plans have again emerged as a hot potato in the local cinema market. Megabox, one of the three biggest multiplexes along with CGV and Lotte Cinema, said Tuesday that it would [...]
SEOUL, Sept. 30 (Korea Bizwire) — As South Korean broadcasters and IT firms scurry to reorganize and launch new over-the-top (OTT) services, the question of how to create bankable content is determining survival in the Netflix-led market. The country’s three terrestrial broadcasters — KBS, MBC and SBS — opened a new over-the-top (OTT) platform service, [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korea’s largest over-the-top (OTT) service will officially become available later this week as it bids to take on global media giants such as Netflix, Inc., a joint venture providing the service said Monday. The new platform, dubbed “Wavve,” will go online on Wednesday, with an aim of accruing [...]
SEOUL, Sept. 11 (Korea Bizwire) — South Korean cartoonist Chon Kye-young’s works — comic books like “Unplugged Boy,” “Audition” and “DVD” — gained huge popularity among teenage girls in the late 1990s for their unique characters and stories. Years later, Chon generated a sensation among teens once again — this time with a web-based cartoon [...]
SEOUL, Sept. 10 (Korea Bizwire) — Four Netflix original movies have been invited to this year’s Busan International Film Festival (BIFF) in an apparent move to keep up with rapidly changing trends in the industry. Last week, the festival announced this year’s lineup of 303 films from 85 countries. The list included four Netflix films [...]
SEOUL, Aug. 30 (Korea Bizwire) — The number of South Korean users subscribing to the U.S. video streaming platform Netflix Inc. has more than quadrupled to surpass the 1.8 million mark, industry data showed Friday. Netflix is estimated to have 1.86 million paid active streaming subscribers in the country as of July, compared with 420,000 [...]
SEOUL, Aug. 27 (Korea Bizwire) — People between the ages of 18 and 24 are most likely to use paid video content platforms such as Netflix, the flagship over-the-top (OTT) service. According to a report released Monday by the Korea Information Society Development Institute, Koreans aged 18 to 24, accounting for 34.5 percent, were among [...]