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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 [...]

Telco-cable TV Mergers to Reshape S. Korean Media Market

Telco-cable TV Mergers to Reshape S. Korean Media Market

SEOUL, Nov. 10 (Korea Bizwire) — South Korea’s telecom players and cable TV network operators are set to join forces to retain and attract more customers in the face of toughening competition with global content providers, gearing up for a major shift in the local media market. The process of mergers and acquisitions (M&As) between [...]

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 [...]

Rise of OTT Players Spurs Media M&As in S. Korea

Rise of OTT Players Spurs Media M&As in S. Korea

SEOUL, Feb. 21 (Korea Bizwire) — If the rise of global content streaming services like YouTube and Netflix have taught any lessons to those in the Korean media industry, one thing is for sure: You have to become big to survive. An explosive growth in demand for over-the-top (OTT) content in the world’s most-connected country [...]

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 and YouTube Accelerate Investment in South Korean Entertainment Content in Absence of Local Competitors

Netflix and YouTube Accelerate Investment in South Korean Entertainment Content in Absence of Local Competitors

SEOUL, May 11 (Korea Bizwire) – In the absence of local over-the-top content service providers in South Korea, global OTT giants including Netflix and YouTube are accelerating their efforts to invest in original South Korean entertainment content to crack open a market that has experienced rapid growth in recent years. Despite the majority of the [...]

Qwilt Chosen by MyRepublic to Provide Users with Unmatched Streaming Video Viewing Experience

Qwilt Chosen by MyRepublic to Provide Users with Unmatched Streaming Video Viewing Experience

REDWOOD CITY, CA, Dec. 3 (Korea Bizwire) – Qwilt, a leading provider of online video delivery and open video caching solutions, announced today that MyRepublic, an ultra-fast Internet service provider in Singapore and New Zealand, has chosen Qwilt’s award-winning open caching solution to help boost network capacity and improve the quality of over-the-top (OTT) video [...]

SES Platform Services Implements Aspera for Fast Upload and Delivery of Media Materials to VOD and OTT Providers

SES Platform Services Implements Aspera for Fast Upload and Delivery of Media Materials to VOD and OTT Providers

ARMONK, N.Y., Jun. 9 (Korea Bizwire) — IBM (NYSE:IBM) today announced that SES Platform Services, a subsidiary of world-leading satellite operator SES, has selected high speed file transfer software from Aspera, an IBM company, to meet increasing demand for fast and reliable playout services to broadcast networks and to speed the delivery of content to [...]