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Netflix Starts to Eye Korea-made Content

Netflix Starts to Eye Korea-made Content

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 [...]

Netflix’s ‘The King’ Rekindles Debate over its Theatrical Release Policy

Netflix’s ‘The King’ Rekindles Debate over its Theatrical Release Policy

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 [...]

Broadcasters, IT Firms Scramble for Supremacy in Online Content Market

Broadcasters, IT Firms Scramble for Supremacy in Online Content Market

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, [...]

Homegrown S. Korean OTT Platform to Launch This Week

Homegrown S. Korean OTT Platform to Launch This Week

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 [...]

Star Cartoonist Chon Kye-young Comes Back with Netflix Drama

Star Cartoonist Chon Kye-young Comes Back with Netflix Drama

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 [...]

Younger Koreans Biggest Customers of Paid Video Platforms

Younger Koreans Biggest Customers of Paid Video Platforms

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 [...]