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Coronavirus Outbreak a Boon for Netflix

Coronavirus Outbreak a Boon for Netflix

SEOUL, Feb. 28 (Korea Bizwire) — Online traffic for Netflix Inc., the global entertainment service provider, jumped in the last few days as more people are staying indoors to fend off the coronavirus. Global Big Data Research, a South Korean big data analysis agency, studied the amount of online traffic of seven over-the-top (OTT) platforms [...]

Samsung Partners with Netflix on Mobile Entertainment

Samsung Partners with Netflix on Mobile Entertainment

SEOUL, Feb. 12 (Korea Bizwire) — Samsung Electronics Co. will join hands with Netflix Inc., the world’s leading streaming entertainment service provider, on mobile entertainment as the South Korean tech giant looks to expand partnerships with global media and IT service giants upon the introduction of its new smartphones. Netflix confirmed that it has become [...]

Netflix Ordered to Amend ‘Unfair’ Terms of Subscription in S. Korea

Netflix Ordered to Amend ‘Unfair’ Terms of Subscription in S. Korea

SEJONG, Jan. 15 (Korea Bizwire) — South Korea’s antitrust regulator said Wednesday it has ordered Netflix Inc., a global internet entertainment service provider, to amend “unfair” terms and conditions in its subscription contracts. The Fair Trade Commission (FTC) said Netflix is required to notify subscribers of its plan to change fees and obtain consent from [...]

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, [...]