OTT Revolution in the Korean Media Market?
[Trend Insight]
OTT Revolution in the Korean Media Market?
The market for OTT services that provide a variety of video contents such as dramas and films over the internet is growing rapidly. The biggest player currently is Netflix, the world’s largest provider of online streaming movies and TV shows. It currently has 60 million paid subscribers all over the world and plans to enter the Korean market next year! Meanwhile, the korean OTT market is growing, due to the widespread distribution of smartphones and LTE. We take a look at the competition heating up the Korean OTT market.
OTT Revolution in the Korean Media Market?
The market for OTT services that provide a variety of video contents such as dramas and films over the internet is growing rapidly. The biggest player currently is Netflix, the world’s largest provider of online streaming movies and TV shows. It currently has 60 million paid subscribers all over the world and plans to enter the Korean market next year! Meanwhile, the korean OTT market is growing, due to the widespread distribution of smartphones and LTE. We take a look at the competition heating up the Korean OTT market.