Korea is becoming a major over-the-top (OTT) platform market as more global streaming services are planning to launch their platforms in Korea while domestic OTT services are preparing to expand overseas.
Paramount Global, a major American media conglomerate, will launch its OTT platform, Paramount+, in Korea this June. Korea will be the first Asian country it launches the OTT platform in, according to U.S. tech outlet, TechCrunch.
“In 2022, we’re continuing to expand Paramount+ to the biggest markets in the world, starting with the U.K. and South Korea in June,” said Paramount President and CEO Robert Bakish during an earnings call on May 3. The OTT streaming service, which is known for owning popular American TV series such as “CSI” and “NSCI,” will land in the country as an exclusive bundle with Tving, CJ ENM’s streaming service.
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