SEOUL, Dec. 5 (Korea Bizwire) — Operators of Tving and Wavve, two major South Korean over-the-top (OTT) platforms, said Tuesday they have signed a memorandum of understanding to push for a merger in an apparent effort to compete with global streaming giants. But CJ ENM Co. and SK Square Co., respective owners of Tving and [...]
BUSAN, Oct. 5 (Korea Bizwire) — Streaming platform Wavve’s new thriller series “Deal” deals with a kidnapping scheme involving three young men, but the main focus of the story is not money but the tumultuous relationship between friends, its director said Thursday. The story revolves around three friends who are mired in a fake kidnapping [...]
SEOUL, March 26 (Korea Bizwire) — Content Wavve Corp., the operator of South Korean streaming giant Wavve, said Friday it will invest 1 trillion won (US$882.7 billion) in content over five years to strengthen its portfolio amid growing competition from local and foreign rivals. Under the investment plan, Wavve — a joint venture between the [...]
SEOUL, Sept. 28 (Korea Bizwire) — The number of subscribers of the local video streaming service giant Wavve has topped 10 million on rising demand for a wide variety of content, the company said Monday. Wavve was launched last year by South Korea’s top mobile carrier, SK Telecom Co., and terrestrial broadcasters KBS, MBC and [...]
SEOUL, June 17 (Korea Bizwire) — The number of monthly active users of local video streaming service giant Wavve declined over the past months, while that of Netflix soared to cement its top status, a report showed Thursday. Wavve, which was launched last September by South Korea’s top mobile carrier SK Telecom Co. and terrestrial [...]
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 [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korea’s largest over-the-top (OTT) service will officially become available later this week as it bids to take on global media giants such as Netflix, Inc., a joint venture providing the service said Monday. The new platform, dubbed “Wavve,” will go online on Wednesday, with an aim of accruing [...]