SEOUL, Feb. 3 (Korea Bizwire) — As the global streaming market enters a period of maturity, industry players are shifting their focus from fierce competition to strategic partnerships and content diversification. This evolving landscape is expected to provide subscribers with a wider array of choices while fostering cross-generational engagement through both short-form content and classic [...]
SEOUL, Jan. 13 (Korea Bizwire) — In a maturing streaming market, success increasingly depends not just on compelling content but on strategic partnerships between diverse media players. Netflix’s recent strategic alliance with SBS to offer the broadcaster’s programs to Korean subscribers and Disney+’s unprecedented decision to premiere its hit series “Moving” on MBC television exemplify this [...]
SEOUL, Dec. 31 (Korea Bizwire) — A new government survey has revealed that short-form content has emerged as the most popular type of mobile viewing among South Korean consumers, as smartphone usage continues to rise while traditional TV viewing declines. The Korea Communications Commission and the Korea Association for ICT Promotion released their “2024 Broadcasting Media [...]
SEOUL, Oct. 9 (Korea Bizwire) – South Korean consumers are grappling with inconvenient cancellation processes and limited refund policies in the country’s burgeoning video streaming market, according to a recent government investigation. The Korea Consumer Agency and Democratic Party lawmaker Min Byoung-dug released findings on October 8 from their joint study of six major streaming providers, including [...]
SEOUL, Oct. 3 (Korea Bizwire) – South Korean consumers are spending close to 500,000 won per year on subscription services, according to a new report released on October 2. The “Subscription Wars 2024″ report, presented by the British subscription bundling and payment company Bango at the M360 APAC conference in Seoul, reveals that South Korean consumers [...]
SEOUL, Aug. 15 (Korea Bizwire) – In an era dominated by digital streaming, South Korean young adults are bucking global trends by maintaining a strong connection to traditional television viewing. A recent survey reveals that about 70% of South Koreans in their 20s regularly watch video content on TV, dedicating an average of 132 minutes per [...]
SEOUL, Mar. 4 (Korea Bizwire) — The South Korean baseball league announced Monday it has signed a record-setting streaming rights deal with CJ ENM, with its games moving behind a paywall for the first time. For the next three seasons, CJ ENM, the media and entertainment arm of CJ Group, will carry Korea Baseball Organization [...]
SEOUL, Nov. 13 (Korea Bizwire) – In the past three months, the competition for second place within the streaming video service industry has been fervent. There’s a noticeable trend where user preferences are heavily influenced by the original content released at any given time, creating what seems like a content battle. Based on recent Nielsen data, [...]
SEOUL, July 14 (Korea Bizwire) — South Korean streaming services Tving and Seezn will merge into a single platform to become the biggest domestic content streaming provider, the companies announced Thursday. KT Studio Genie, the media production unit of telecom operator KT Corp., said in a regulatory filing that it has struck a deal with [...]
SEOUL, Feb. 13 (Korea Bizwire) — South Korea’s antitrust regulator said Sunday it has decided to impose a fine of a combined 19.5 million won (US$16,300) on Google, Netflix and three other video streaming services for their unfair business activity over paid subscription. Five over-the-top (OTT) media service providers — Google, Netflix, KT, LG Uplus [...]