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, 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 [...]
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 [...]
SEOUL, Apr. 9 (Korea Bizwire) — Lotte Cinema will launch a video streaming service in June for the first time as a Korean cinema chain, the company said on Sunday. “We’re preparing for ‘Over the Top (OTT)’ and other new platform services with the aim of launching them in June,” Lotte said in a press [...]
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 [...]
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 [...]
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 [...]
ARMONK, N.Y., Apr. 8 (Korea Bizwire) — IBM today announced that Broadway Video has selected Aspera, an IBM company, as the exclusive provider of high-speed file transfer solutions for bi-coastal production and content distribution to VOD and OTT providers. By significantly reducing the time it takes to produce and transfer content, Broadway Video can expand [...]