KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
No Result
View All Result
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
No Result
View All Result
Home Entertainment

SKT’s Wavve, NBC Universal Partner to Export Korean Content Worldwide

 2,489 total views,  1 views today

James Jung by James Jung
PUBLISHED: April 13, 2020 UPDATED: April 18, 2020
in Entertainment, NBC Universal, SK Telecom, Wavve
0
wavve nbcu signs agreement
Lee Tae-hyun, Content Wavve CEO (left) and Shoji Toyoma, NBC Universal Japan CEO signed a partnership through a video conference. / photo courtesy of SK Telecom

Lee Tae-hyun, Content Wavve CEO (left) and Shoji Toyoma, NBC Universal Japan CEO signed a partnership through a video conference. / photo courtesy of SK Telecom

The online video service company, Content Wavve, announced that it signed a partnership with Comcast subsidiary NBC Universal (NBCU) to export Korean video content in pay TVs abroad.

Content Wavve is a joint venture between SK Telecom and three South Korean major broadcasters, SBS, KBC, and MBC. Wavve announced the partnership on April 12 with NBCU to expand the company’s original Korean-based content in the global ecosystem.

NBCU creates content such as news, movies, and sports providing the content to international viewers. The wholly-owned subsidiary of global media and entertainment company Comcast reported an annual business sale of $34 billion (41.4 trillion won) in 2019.

Wavve and NBCU signed the agreement through a videoconference amid the coronavirus spread. As Korean content’s popularity rises in English-speaking markets, the partnership would allow for quicker global outreach.

Last year, SK Telecom signed an agreement with Comcast to create an e-sport company called SK Telecom CS T1.

Wavve, NBCU Partnership

Under the agreement, Wavve would provide up to five TV contents annually over the next three years to NBCU. The original content would be produced in cooperation with South Korea’s three major broadcasters. NBCU would choose works from Wavve’s recommendations and distribute the content with the consideration of audience preferences in significant regions.

NBCU plans to launch its over-the-top (OTT) service called Peacock as early as this month across the United States. The company intends to provide Wavve’s Korean dramas as the primary content for the service. Wavve and SK Telecom also seek to invest and produce content alongside NBCU jointly.

Wavve said it would also inject a total of 60 billion won ($49.2 million) this year to create original content. The production would take into consideration content exports through NBCU.

Head of SK Telecom’s MNO business division, Yoo Young-sang, said that the cooperation would pave the way for Wavve to reach beyond Korea. With SK Telecom’s 10 million media subscribers and Wavve’s competitiveness, the partnership would lead to forming a leading global OTT.

What’s your thoughts?
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
Tags: agreementComcastKorean contentKorean dramaNBCUOTTpartnershipPeacockSK TelecomTV contentWavve

Related Posts

SK Telecom Expands Metaverse Footprint in Southeast Asia Through Key Collaborations
Lee Tae-hyun, Content Wavve CEO (left) and Shoji Toyoma, NBC Universal Japan CEO signed a partnership through a video conference. / photo courtesy of SK Telecom
metaverse

SK Telecom Expands Metaverse Footprint in Southeast Asia Through Key Collaborations

November 27, 2023
SK Telecom Takes the Lead in 6G Standardization at SK Tech Summit 2023
Lee Tae-hyun, Content Wavve CEO (left) and Shoji Toyoma, NBC Universal Japan CEO signed a partnership through a video conference. / photo courtesy of SK Telecom
6G

SK Telecom Takes the Lead in 6G Standardization at SK Tech Summit 2023

November 20, 2023
SK Telecom Teams Up with Aptos and Atomrigs Lab for Secure Web3 Experience
Lee Tae-hyun, Content Wavve CEO (left) and Shoji Toyoma, NBC Universal Japan CEO signed a partnership through a video conference. / photo courtesy of SK Telecom
Cryptocurrency

SK Telecom Teams Up with Aptos and Atomrigs Lab for Secure Web3 Experience

November 7, 2023
SK Telecom Partners with Local Governments for Urban Air Mobility in South Korea
Lee Tae-hyun, Content Wavve CEO (left) and Shoji Toyoma, NBC Universal Japan CEO signed a partnership through a video conference. / photo courtesy of SK Telecom
SK Telecom

SK Telecom Partners with Local Governments for Urban Air Mobility in South Korea

October 26, 2023
Telecom Giants SK Telecom and Deutsche Telekom Collaborate on AI Language Model
Lee Tae-hyun, Content Wavve CEO (left) and Shoji Toyoma, NBC Universal Japan CEO signed a partnership through a video conference. / photo courtesy of SK Telecom
SK Telecom

Telecom Giants SK Telecom and Deutsche Telekom Collaborate on AI Language Model

October 23, 2023
SK Telecom’s Ifland Metaverse Introduces ‘Stone’ Virtual Currency and NFT Integration
Lee Tae-hyun, Content Wavve CEO (left) and Shoji Toyoma, NBC Universal Japan CEO signed a partnership through a video conference. / photo courtesy of SK Telecom
metaverse

SK Telecom’s Ifland Metaverse Introduces ‘Stone’ Virtual Currency and NFT Integration

October 17, 2023
No Result
View All Result

Most Popular

  • Samsung Unveils 2024 Generative AI Roadmap for Home Appliances

    0 shares
    Share 0 Tweet 0
  • Top 6 Gen AI Projects from South Korean Tech Giants

    0 shares
    Share 0 Tweet 0
  • Top South Korean Tech Products to Look Out for in 2021

    0 shares
    Share 0 Tweet 0
  • Lotte Group Eyes Support for Israeli Startup Companies

    0 shares
    Share 0 Tweet 0
  • 5 Best Korean to English Translation Apps

    0 shares
    Share 0 Tweet 0
  • “RZ-001,” a Breakthrough Anti-Cancer Drug by Rznomics, Accelerates FDA Fast Track for Brain Cancer Therapy

    0 shares
    Share 0 Tweet 0
  • Naver Corporation Shifts to Intel amid Nvidia GPU Prices and Supply Delays

    0 shares
    Share 0 Tweet 0
  • Top Nine Mobile MMORPG in South Korea for 2020

    0 shares
    Share 0 Tweet 0
  • LG and Hyundai Collaborate In-Car Entertainment with WebOS for Automotive

    0 shares
    Share 0 Tweet 0
  • Samsung Delivers Advanced Galaxy Device Blockchain-Based Security

    0 shares
    Share 0 Tweet 0

PRODUCTS

TESSAN Germany France Travel Power Adapter

Lonely Planet Korea 12

Korean Snack Box Variety Pack

OSULLOC Lovely Tea Gift Box Set

TOPICS

  • Naver
  • Kakao
  • Nexon
  • Netmarble
  • NCsoft
  • Samsung
  • Hyundai

FREE NEWSLETTER

FOLLOW US

  • About Us
  • Cookie policy
  • homepage
  • Privacy Policy
  • Terms of Use

Copyright © 2023 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : press@koreatechtoday.com |

No Result
View All Result
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists

Copyright © 2023 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : press@koreatechtoday.com |