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Leaked Information Hints at Subscription Fees for Disney Plus in S. Korea

Leaked Information Hints at Subscription Fees for Disney Plus in S. Korea

SEOUL, Sept. 23 (Korea Bizwire) — A leaked document is making the rounds in the streaming community in South Korea after it exposed what could possibly be the subscription pricing for the Disney Plus, a major competitor against Netflix. A recent post on Twitter and other social media revealed that a Disney Plus mobile subscription [...]

S. Korea to Form Local OTT Support Group Against Global Rivals

S. Korea to Form Local OTT Support Group Against Global Rivals

SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s media regulator said Tuesday it will form a support group for local over-the-top (OTT) media services to help compete with global rivals, such as Netflix Inc., as they take a dominant position in the local market. Netflix’s active mobile application users in the country totaled 6.37 million [...]

Netflix Set to Further Boost Presence in S. Korea via Partnership with KT

Netflix Set to Further Boost Presence in S. Korea via Partnership with KT

SEOUL, July 31 (Korea Bizwire) — Global streaming giant Netflix Inc. may further boost its presence in South Korea as its subscribers will have more access to the service through its partnership with local telecom operator KT Corp. KT said Friday it will start offering Netflix’s service on its pay TV platform, with KT’s Olleh [...]

Local OTT Giant Wavve Sees Drop in Active Users, Netflix Soars

Local OTT Giant Wavve Sees Drop in Active Users, Netflix Soars

SEOUL, June 17 (Korea Bizwire) — The number of monthly active users of local video streaming service giant Wavve declined over the past months, while that of Netflix soared to cement its top status, a report showed Thursday. Wavve, which was launched last September by South Korea’s top mobile carrier SK Telecom Co. and terrestrial [...]

Local OTT Service Provider Signs Partnership with U.S. Media Giant on Content Supply

Local OTT Service Provider Signs Partnership with U.S. Media Giant on Content Supply

SEOUL, April 12 (Korea Bizwire) — A South Korean over-the-top (OTT) service provider said Sunday it has signed a partnership with a U.S. mass media giant on content supply and development. Content Wavve Corp., which runs the OTT platform Wavve, said it has joined hands with NBCUniversal Media LLC (NBCU) to explore better business opportunities [...]

S. Korean Streaming Service Market Grows 32.7 pct in 2019

S. Korean Streaming Service Market Grows 32.7 pct in 2019

SEOUL, April 6 (Korea Bizwire) — The South Korean online movie streaming service market expanded 32.7 percent last year from a year earlier on the back of rising demand for binge-watchable mobile platforms, a report showed Monday. According to the annual report published by the Korean Film Council (KOFIC), the total revenue of the over-the-top [...]

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 [...]