The Video Streaming War is Coming to South Korea
It will be interesting to see how domestic streaming companies handle the big global streaming companies entering the Korean market:
The video streaming wars are heating up, as the existing players prepare for new, highly competitive entrants. With Apple and Disney seen coming to Korea in a serious way, Netflix, Wavve and Watcha are digging in and consolidating their positions.
Since Monday, homegrown Wavve has been charging new users to its streaming service only 100 won (9 cents) for the first month. This comes just after a recent offer of 4,000 won for the first three months. Wavve is a joint video-on-demand platform of three terrestrial broadcasters, KBS, MBC and SBS.Â
Netflix will partner with local production houses to increase Korean-language content, while other competitors are beefing up their offerings and providing cinema-level viewing experiences at home.
Joong Ang Ilbo
You can read more at the link.
South Korea will ban google, apple etc. like they do all foreign ideas / companies that work better and cheaper than anything in Korea. Sure it will involve protests from Korean telecom unions etc.
It’s the content that counts. Netflix will acquire some Korean produced content but how many domestic Korean streaming services will acquire big budget international content?