Tving, the video streaming platform owned by CJ ENM, Naver and JTBC, was the biggest gainer in a robust first half year for streaming in South Korea.
A new report from research and consultancy firms AMPD and Media Partners Asia showed the Korean subscription video-on-demand market growing by 705,000 subscribers to reach 20.8 million by the end of June. Sector revenues grew by 11% year-on-year to $922 million. Viewing time expanded by 5% to 103 billion minutes.
While Netflix remains the premium VOD category leader in Korea, with a 43% share of revenue and 37% of viewership, Tving was the biggest gainer in the first half.
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