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Netflix Executive Raves About the Importance of the Korean Market

Netflix Executive Raves About the Importance of the Korean Market

SEOUL, Nov. 9 (Korea Bizwire) — Currently in Singapore to attend an event being held at the famed Marina Bay Sands hotel, Netflix COO Ted Sarandos spoke of the movie that first sparked interest in the Korean market. “The first original film that Netflix invested in was Bong Joon-ho’s 2017 flick, ‘Okja’,” said Sarandos. Although [...]

Media Industry Divided on Whether to Block or Promote Netflix

Media Industry Divided on Whether to Block or Promote Netflix

SEOUL, Oct. 15 (Korea Bizwire) — Korean TV broadcasters are undecided on how to best deal with Netflix, the global over the top (OTT) content provider that distributes streaming media. For now, the major terrestrial TV stations have stated that they will not sell their latest content to Netflix. But non-terrestrial TV production houses such [...]

Netflix to Hire Locals, Tap Deeper into S. Korean Market

Netflix to Hire Locals, Tap Deeper into S. Korean Market

SEOUL, Apr. 5 (Korea Bizwire) — U.S. video streaming service provider Netflix plans to hire new staff members in South Korea, industry sources said Thursday, taking steps to tap deeper into the local market. According to the sources, the video streaming service provider plans to hire around 10 to 15 employees in South Korea who [...]

VPN.com Puts Netflix CEO Reed Hastings on Notice About Security Risks & VPN Ban

VPN.com Puts Netflix CEO Reed Hastings on Notice About Security Risks & VPN Ban

ATLANTA and SAN FRANCISCO, Mar. 21 (Korea Bizwire) — VPN.com CEO, Michael Gargiulo, is taking the fight to Netflix, Inc. CEO, Reed Hastings, on behalf of 120 million Netflix subscribers worldwide who cannot securely access the service with a Virtual Private Network (VPN). “I wrote this letter because Netflix subscribers are unable to securely connect [...]

Has Okja Effect Worn Off? Netflix Subscriptions Plunge Days After the Movie Release

Has Okja Effect Worn Off? Netflix Subscriptions Plunge Days After the Movie Release

SEOUL, Jul. 27 (Korea Bizwire) — A new industry report claims that streaming service Netflix failed to take advantage of its original film ‘Okja’ in South Korea despite the hype for the star-dusted cast and high-profile film director Bong Joon-ho, as subscription figures have plunged only days after the movie was released. The report released on Thursday [...]

Korean University Research Team Compares Binge-Watching Netflix to Gaming

Korean University Research Team Compares Binge-Watching Netflix to Gaming

SEOUL, Jul. 17 (Korea Bizwire) — As the popularity of “binge-watching” TV is steadily rising in Korea, a study published by a research team at Hanshin University highlights parallels between watching TV shows and playing video games. Netflix, the video streaming industry giant, is one of the most popular options for binge-watching, especially considering a season’s [...]

Could Netflix Replace Chinese Market for Korean Dramas?

Could Netflix Replace Chinese Market for Korean Dramas?

SEOUL, Jul. 17 (Korea Bizwire) — Global streaming service Netflix is rapidly emerging as a promising alternative for the South Korean TV industry, as political tension with China, once the biggest export destination of South Korean TV shows, has put a strain on local content creators. Netflix’s recent purchases of South Korean TV series such as [...]

Netflix’s ‘Okja’ Could Have Attracted 7 Million Viewers if Released on the Big Screen Exclusively

Netflix’s ‘Okja’ Could Have Attracted 7 Million Viewers if Released on the Big Screen Exclusively

SEOUL, Jun. 30 (Korea Bizwire) — Netflix’s newly released South Korean movie “Okja” could have attracted over seven million moviegoers to the cinema if the streaming service hadn’t simultaneously released the movie on its platform, new big data-based statistics say. According to the big data analysis released by movie recommendation service Watcha on Thursday, the [...]

Content Providers Struggle to Attract Paid Subscribers in South Korea

Content Providers Struggle to Attract Paid Subscribers in South Korea

SEOUL, Jun. 29 (Korea Bizwire) — The number of paid subscribers to online entertainment companies in South Korea has been found to be extremely low, a new industry report has revealed. Only 1.4 percent of South Korean internet users pay to enjoy online content from media outlets, the lowest rate among all online content services, while [...]