Article: Korean content companies on the hunt for Netflix, Apple, Disney...is it a crisis or an opportunity?
Source: hankyung
Netflix first original series 'Kingdom' that is currently airing on Netflix has paved the way for globalization of Korean content and drama production company 'Ace Story' that's behind the drama is reportedly mulling over new works aimed at new streaming platforms Apple's TV+ and Disney Plus that will launch in the second half of the year.
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| Netflix Korean Original Series 'Kingdom' |
An official of a drama production company revealed that "although there is currently no direct contact with these streaming platforms at the moment, they're planning and creating services that are aimed for these platforms."
According to the official, a big budget and cast is required to get into Netflix and because the hallyu wave was blocked in China, the biggest hand in the streaming industry right now is Netflix. 'YG Electronics' which was released as a Netflix Original and dramas like 'My First First Love' didn't gain much popularity at first but new dramas like 'Arthdal Chronicles' and 'Chief of Staff' are getting popular.
The consensus is that the environment for drama production is changing from daily TV dramas to online streaming ones and a lot of Korean content companies are looking to expand into this space.
What do you think of this move? Have you watched any Netflix Korean drama originals?