Netflix is doubling down on South Korea with plans to invest $2.5 billion over the next four years to produce more K-dramas, movies and reality shows
The streaming giant announced the push Monday, following a meeting between South Korean President Yoon Suk Yeol and its co-CEO Ted Sarandos in Washington. The investment is double the amount that Netflix\n \n has announced so far in the fast-growing market since arriving in 2016. In 2021, company executives said Netflix\n \n planned to invest about $500 million into Korean content, on top of the $700 million already spent since 2016.
And “Physical: 100,” a grueling physical fitness competition show, was Netflix’s second most popular non-English show worldwide in February, according to the company. Netflix is increasingly producing original international content and leaning on prospects overseas as its growth in North America and Europe slows. In January, the company announced it was planning its largest-ever lineup of South Korean content, with 34 new and returning titles set to roll out this year.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Netflix to invest $2.5 bln in South Korea to make TV shows, moviesNetflix Inc said on Tuesday it plans to invest $2.5 billion in South Korea over the next four years to produce Korean TV series, movies and unscripted shows, doubling the amount the company has invested in the market since 2016.
Weiterlesen »
Shot Over a Simple Mistake - CNN One Thing - Podcast on CNN AudioOn April 13, 16-year-old Ralph Yarl was shot when he went to the wrong address to pick up his siblings. Days later, 20-year-old Kaylin Gillis was shot and killed in upstate New York after her and a group of friends turned into the wrong driveway. We explore what these types of incidents say about gun culture in America, and how police across the country are preparing for the worst as gun reform remains stalled in Washington. Guest: Josh Campbell, CNN Correspondent
Weiterlesen »
Breakingviews - South Korea's chip dilemma gets sharperPresident Yoon Suk Yeol is walking a diplomatic tightrope. As the South Korean leader starts his week-long state-visit to the United States marking the 70th anniversary of the countries' alliance, the White House has asked Seoul to 'urge' its chipmakers not to fill any supply shortfalls in China if Beijing cracks down on Idaho-based Micron Technology , the Financial Times reported, citing four sources. There are no good options for Yoon.
Weiterlesen »
South Korea aims to deliver the world's first solid state-batteries for EVsSouth Korea is investing 20 trillion won ($15 billion) by 2030 in the world’s first solid-state batteries for electric vehicles.
Weiterlesen »
Gov. DeSantis visits Japan, South Korea, Israel and Britain ahead of potential 2024 presidential announcementRon DeSantis, the governor of Florida, traveled to Tokyo for a meeting Monday with Japanese Prime Minister Fumio Kishida and Foreign Minister Yoshimasa Hayashi.
Weiterlesen »
South Korea restores Japan on trade 'white list'South Korea has formally restored Japan to its list of countries it gives preferential treatment in trade, three years after the neighbors downgraded each other’s trade status amid a diplomatic row over historical grievances
Weiterlesen »