SEOUL, Mar. 2 (Korea Bizwire) – The online streaming service industry is setting its sights on sports as the next major content draw, pouring significant investments into securing exclusive broadcasting rights. According to a recent report published by MezzoMedia, a digital marketing subsidiary of CJ ENM, this strategic shift aims to alleviate the financial pressures [...]
SEOUL, June 6 (Korea Bizwire) — Three indigenous streaming platforms in South Korea saw a rise in their users in May while global streaming giant Netflix suffered a slight fall. Tving, the nation’s largest streaming platform run by CJ ENM, saw the number of its monthly active users reach some 5.15 million in May, up [...]
SEOUL, May 1 (Korea Bizwire) — As Netflix plans to carry out massive investments in Korean content, South Korean streaming platforms are facing deeper concerns after experiencing significant losses last year. Tving’s operating loss reached 119.1 billion won (US$88.8 million) last year, representing an increase of 56 percent from the previous year. Wavve also saw [...]
SEOUL, Oct. 17 (Korea Bizwire) — South Korea’s homegrown streaming media service platforms are diversifying from films and drama series towards other services as part of efforts to reinvigorate stagnating growth in subscriber numbers. Watcha recently launched a webtoon platform Watcha Webtoon service with a focus on differentiation by acquiring exclusive rights for new original [...]
SEOUL, Jan. 17 (Korea Bizwire) — Streaming platforms such as Netflix and YouTube are bringing about changes not only in the landscape of the content market but also in consumers’ viewing patterns. An increasing number of viewers are going beyond the practice of consuming content at the time they want towards the act of watching [...]