over-the-top Archives | Be Korea-savvy
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 [...]

Broadcasters, IT Firms Scramble for Supremacy in Online Content Market

Broadcasters, IT Firms Scramble for Supremacy in Online Content Market

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, [...]

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 [...]

S. Korea’s OTT Market Eaten Away by Foreign Platforms

S. Korea’s OTT Market Eaten Away by Foreign Platforms

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 [...]