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Ko - production in Busan
  • Grab the OTTs ③ : Korea’s Main OTT Services
  • by SONG Soon-jin /  May 26, 2016
  • The Power of Korea’s Largest Portal Site, Naver's N Store
     

    Consistently maintaining their reputation as the No. 1 Korean portal site, Naver’s N Store has a vast library of all different kinds of online content from film and TV, to e-books, comics, genre novels and mobile applications. N Store’s greatest strengths lie in their diversity resulting from their being the foremost portal site for consumers seeking day-to-day information and services such as news, e-mail, a search engine and shopping. By embracing web dramas which they service through their own TV Cast platform, they are appealing to a younger target market of viewers in their teens to thirties.

     
    Custom-made Service, WATCHA PLAY
     
    The personalized VOD service WATCHA PLAY, created through a film recommendation service, was launched in January 2016 at the reasonable subscription price of USD 4.24 per month. If most of the other Korean OTT services focus on content quantity, WATCHA PLAY stands out with their personalized service that incorporates consumers’ tastes.In other words, they’re like the Korean version of Netflix. By utilizing their users’ ratings, WATCHA PLAY is emerging as a service that most accurately reflects domestic consumers’ tastes. They retain a library of more than 4,500 films and 1,500 TV dramas, while two thirds of their content is foreign.
     
    Acquiring Diversity through Partnerships with the Film Industry, KT’s Olleh TV
     
    As the IPTV provider with the largest subscriber base in Korea, Olleh TV screens a variety of content which includes TV, animation, children’s and educational content, but by far film is at the top of their list. Their strategy is rather specialized in the way they acquire the latest film titles, and they introduce a collection of films under different themes each week, as well as offer special sections in partnership with the Busan International Film Festival and the Korean Academy of Film Arts. They stand out with their special programs offered on VOD such as the ‘12 World Classics’ introduced by film humanities book Cine Chante. Recently they formed a partnership with Dreamworks to provide a 24hr Dreamworks channel.They also became the first mobile service to start a 360-degree virtual reality video service on Olleh TV Mobile. With the popular entertainment cable program Weekly Idol being made available as a form of virtual reality content, they are aggressively working to disseminate VR programs as a popular commodity.
     
    The Treasure Chest of Foreign TV Series, LG Uplus’ Uflix Movie
     
    Uflix Movie, launched last year with a focus on film and TV series, has been aggressively acquiring content, expanding their content library from 13,000 titles to 20,000 in just a year. They first attracted attention by offering well-known American TV series made by the American pay TV channel HBO and American media company MGM through their mobile platform. Currently, Uflix Movie is offering famous TV dramas from the U.S., Great Britain, Korea, China and Japan. Their foreign language subtitle service is also notable with English, Japanese and Chinese subtitles for their 101 titles such as Sherlock, Gossip Girl and The Newsroom. They are the only mobile service that offers services on TV, PC and mobile simultaneously.
     
    Will It Become the No. 1 OTT Service in Korea? SK Broadband’s oksusu
     
    SK Broadband’s oksusu is the OTT market’s red-hot issue at the moment. After they ambitiously emerged this January offering a special subscription price of USD 2.6 per month (free of charge to certain SK Telecom subscribers), they have been expanding their operations quite aggressively by announcing a merger with CJ Hellovision, and then plans for a USD 279 million fund dedicated to content investment. Oksusu is servicing 98 real time channels, and more than 8,000 domestic and foreign films on TV, Internet and mobile devices. Of particular note is their specialization in Korean TV entertainment programs and domestic and foreign sports content, and their plan to eventually include a focus on children’s films and animations. In addition, they produce exclusive content such as the mobile entertainment show 5 Witches. SK Broadband has been actively acquiring foreign TV series while expanding foreign series content serviced on Korean VOD right after they have been aired.
     
    All Popular Korean TV Content Assembled, Pooq
     
    Pooq is an OTT platform made as a joint venture between the three major TV broadcasting companies in Korea: KBS, MBC and SBS. Since it represents content providers setting foot in the platform industry, it is similar to the U.S.-based Hulu. With the launching of general cable TV network and broadcasting companies, competition between local broadcasting companies has become fierce, yet the three major terrestrial broadcasters still stand their ground as giants with the most popular TV dramas and entertainment programs. With this base, Pooq has also gained popularity. Recently, they have been reinforcing their in-house production. They are also upgrading their original content library with TV dramas such as the KBS-IHQ co-produced Page Turner which they are exclusively providing through their online platform, though they were not involved in production and financing.
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