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 [...]
SEOUL, Aug. 20 (Korea Bizwire) — South Korean mobile carrier SK Telecom Co. and three broadcasters got a nod from the local antitrust watchdog on Tuesday to launch a new over-the-top (OTT) service next month, in their bid to take on global media giants such as Netflix. The Fair Trade Commission (FTC) said it approved [...]
SEOUL, Aug. 5 (Korea Bizwire) — South Koreans spend more than 80 percent of their total mobile video usage time on foreign video platforms such as YouTube and Netflix. According to an analysis by Lee Hee-dae, a professor at Kwangwoon University, based on Nielsen Koreanclick’s survey, YouTube accounted for overwhelming 59.5 percent of total user [...]
SEOUL, Jul. 16 (Korea Bizwire) — The number of South Korean users subscribing to the U.S. video streaming platform Netflix Inc. has nearly tripled on-year to surpass the 1.8 million mark, industry data showed Tuesday. Netflix is estimated to have 1.84 million paid active streaming subscribers as of June, compared with 630,000 users during the [...]
SEOUL, Apr. 23 (Korea Bizwire) — The number of South Korean users subscribing to U.S. video streaming platform Netflix Inc. has steadily increased to surpass the 1.5 million mark, mainly on the back of the popularity of original local content, industry data showed Tuesday. Netflix is estimated to have 1.53 million paid active streaming subscribers [...]