TVing and Seezn Korean Streaming Platforms to Merge

Korean streaming platforms Tving and Seezn have announced plans to merge. The consolidation move is seen as a means to counter the dominance of Netflix, which is by far the largest subscription video player in the country. The move was unveiled in two regulatory filings by KT Studio Genie, the media unit of telecoms operator KT Studio Genie, owner of Seezn, and by CJ ENM, the 57% majority owner of TVing. The merger is intended to “strengthen the over-the-top (OTT) platform competitiveness within the domestic media and contents industry, and accelerate the growth of K-contents,” KT Studio Genie said. Tving… Read Full Article