SEOUL, Feb. 16 (Korea Bizwire) — Major Korean streaming services have experienced rapid growth in recent years but are now turning their eyes abroad amid mounting losses and tougher competition with foreign rivals in the crowded domestic market. Homegrown over-the-top (OTT) players, which were made out of alliances among major entertainment companies, broadcasters and telecom [...]
SEOUL, Jan. 16 (Korea Bizwire) — The usage of online streaming services such as Netflix and Disney+ increased after they aired the local cable channel JTBC’s corporate drama “Reborn Rich” that was massively popular last year, data showed Sunday. According to Mobile Index, the big data analysis unit of local data tracker IGAworks, the number [...]
SEOUL, Dec. 27 (Korea Bizwire) — More than 70 percent of South Koreans use online streaming services this year amid the protracted pandemic, a government survey showed Tuesday. According to the annual poll conducted by the Korea Communications Commission (KCC), 72 percent of 6,708 respondents said they are using at least one over-the-top media service [...]
SEOUL, Dec. 12 (Korea Bizwire) — An increasing number of streaming service subscribers are frequently canceling and joining other streaming platforms as they look for new series and other videos. These subscribers pay for a subscription on a streaming platform, enjoy the videos available to them until the subscription expires, and move on to a [...]
SEOUL, Dec. 5 (Korea Bizwire) — Global fans of Korean TV dramas will be spoilt for choice this month as streaming services are set to release a flurry of star-studded series to draw new subscribers and entertain viewers in the holiday season. Streaming services, also known as over-the-top (OTT) players, have a full pack of [...]
SEOUL, Nov. 29 (Korea Bizwire) — Global streaming giant Netflix continues to dominate viewing time in the South Korean streaming market, an industry analysis report showed Monday. The Korea Information Society Development Institute reported that Netflix accounted for 44 percent of total viewing time among five major streaming services between December 2021 and April 2022, [...]
SEOUL, Sept. 23 (Korea Bizwire) — About half of subscribers to over-the-top (OTT) media intend to continue to subscribe if prices increase, a survey showed Thursday. According to a poll conducted by the Korea Creative Content Agency of 3,000 streaming service users between 15 and 59 years of age across the country, the percentage of [...]
SEOUL, May 20 (Korea Bizwire) — During the life-changing COVID-19 pandemic, Lee Eun-hee, a 42-year-old office worker in Seoul, has created a new pattern of habits regarding her consumption of films and TV dramas, like many other people in the world have. She used to go to the movies once or twice a month before [...]
SEOUL, May 11 (Korea Bizwire) — As new American players like Paramount+ and HBO Max are set to start their services in South Korea later this year, competition is expected to intensify in the local streaming service market. U.S. media giant Paramount Global said earlier this month that Paramount+, its subscription-based video streaming service, will [...]
SEOUL, June 29 (Korea Bizwire) — Foreign streaming services such as YouTube and Netflix scored higher than domestic services in a recent user satisfaction survey. According to a user satisfaction survey report released on Monday by the state-run Korea Information Society Development Institute, YouTube marked a score of 0.83 in user satisfaction, followed by Netflix [...]