Netflix Estimated To Have 2 Mln Users In S. Korea
Faizan Hashmi 30 days ago Tue 12th November 2019 | 11:10 AM
SEOUL, Nov. 12 (UrduPoint / Pakistan Point News - 12th Nov, 2019 ) :Netflix Inc. had an estimated 2 million paid viewers in South Korea as of the end of October, more than doubling from a year earlier, data showed Tuesday.
The data showed that 38 percent of Netflix users in the country were in their 20s, followed by 31 percent in their 30s and 18 percent in their 40s. Those aged 50 or older took up the remainder.
South Korean subscribers paid an estimated 26 billion won (US$22.
To take on foreign video streaming platforms, the country's three terrestrial broadcasters -- KBS, MBC and SBS opened a new over-the-top (OTT) platform service, named Wavve, in September. It offers 1,000 titles, including movies and drama series, from both home and abroad, to paid subscribers.
Also, two large subscription broadcasting services CJ ENM and JTBC joined hands in September to set up a joint venture to provide a streaming media service next year based on the former's subscription-based video-on-demand service, named tving.