Parasite
South Korean streaming platforms TVing and Seezn are to merge in a bid to oppose OTT rivals such as Netflix.
CJ ENM, which is behind global hit game show format I Can See Your Voice and Bong Joon-ho’s Oscar-winning thriller Parasite, is the 57% majority owner of TVing, with the service spun off from the company in 2020, while Studio Genie, the media content subsidiary of telecoms operator KT, owns Seezn.
Studio Genie said that the merger will “strengthen the over-the-top (OTT) platform competitiveness within the domestic media and contents industry and accelerate the growth of K-contents.”
Tving CEO Yang Ji-eul, meanwhile shared plans for combined service to leverage the “content production infrastructure and communication technology of both companies” to become South Korea’s biggest domestic streaming service.
According to figures published locally, the…
