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[Photo &] Discussion on “Holdback” in the Film Industry Heats Up…Minister Choi Hwi-young Formalizes Establishment of a Public-Private Consultation Body This Month

[Photo &] Discussion on “Holdback” in the Film Industry Heats Up…Minister Choi Hwi-young Formalizes Establishment of a Public-Private Consultation Body This Month

The Ministry of Culture, Sports and Tourism announces a multi-year overhaul of film production support grants and the distribution of 60 won viewing discount tickets. A “winning bet” with 27.1 billion won injected, distributing 4.5 million “movie viewing discount tickets”
A Signal for Reshaping the Film Ecosystem: Launch of a Public-Private Consultation Body for “Holdback” “Choi Hwi-young”, Minister of the Ministry of Culture, Sports and Tourism, zeroed in on the “holdback” system—an issue at the heart of sharp tensions between theaters and “OTT”.
| James choi
Netflix Launches a $37 Trillion Won-Scale Share Buyback… Intensifies Efforts to Defend the Stock Price and Enhance Shareholder Value

Netflix Launches a $37 Trillion Won-Scale Share Buyback… Intensifies Efforts to Defend the Stock Price and Enhance Shareholder Value

The board approves a $25 billion share buyback… After earnings were announced, moves to calm market sentiment that plunged After the Warner Bros. Discovery deal fell through, it chose “cash returns”… Focused on rebuilding trust ahead of the founder’s departure Expresses confidence in “stable cash flow” built on new growth engines such as advertising and gaming
Global OTT leader Netflix has made the bold move of a $25 billion (about 37. 1 trillion won) share buyback to relieve the intensified stock-price drop pressure following its recent earnings release and restore shareholder confidence.
| Yangsimoh
Disney+ Strikes Back Amid Netflix's Dominance... February Korean OTT Market Shaken by Variety Content

Disney+ Strikes Back Amid Netflix's Dominance... February Korean OTT Market Shaken by Variety Content

According to Wise App's survey... Netflix leads with 14.9 million MAU, followed by Coupang Play with 8.79 million Tving and Disney+ narrowing the gap... Disney+ sees a 20% surge in users due to the success of 〈War of Destiny 49〉 Disney+ dominates in new installations... Outpacing Coupang Play and Netflix to record the fastest influx
In the domestic online video service market, Netflix continues to maintain its dominant position, while Disney+ is showing a remarkable upward trend with its groundbreaking new variety shows. ◆ [Survey Results] Netflix's 14. 9 Million 'Uncontested No. 1'. . . Coupang Play's Solid No.
| Yangsimoh
Warner Bros Acquisition Battle 'Mud Fight'…Paramount Halts Netflix

Warner Bros Acquisition Battle 'Mud Fight'…Paramount Halts Netflix

Strong Opposition to 'Procedures Biased Toward Specific Bidders'…Tension Over the Birth of a Media Giant
In the competition for the acquisition of Warner Bros Discovery (hereinafter Warner Bros), Paramount Skydance (hereinafter Paramount) has confirmed that it has officially protested to Warner Bros regarding the fairness of the bidding process. According to reports from major U. S.
| 김지민
Jeon Do-yeon’s ‘Possible Love’ sweeps 46th Korean Film Critics Association Awards… New OTT category debuts; which films made the ‘Top 10’?

Jeon Do-yeon’s ‘Possible Love’ sweeps 46th Korean Film Critics Association Awards… New OTT category debuts; which films made the ‘Top 10’?

Lee Chang-dong’s film wins two awards, including Best Picture; ceremony to be held at KOFA on the 4th of next month
Return of a master and rise of new talent showcase the Korean film industry’s qualitative growth Lee Chang-dong’s ‘Possible Love’ won Best Picture at the 46th Korean Film Critics Association Awards. The association officially announced the winners and honorees in each category on the 20th,...
| James choi
Ha-young’s Great-Grandfather Controversy Delays ‘There’s a Chance’ From February; Baseball Drama to Take Its Place

Ha-young’s Great-Grandfather Controversy Delays ‘There’s a Chance’ From February; Baseball Drama to Take Its Place

After leaving seasons 2 and 3 of Netflix’s ‘The Trauma Code: Heroes on Call’ amid controversy over her great-grandfather’s pro-Japanese activities, Ha-young’s SBS drama is postponed
Broadcasters apply stricter historical standards and move quickly to fill the schedule A controversy over the alleged pro-Japanese activities of actor Ha-young’s great-grandfather has sent shock waves through the broadcasting industry.
| James choi
SSG.com’s SSG 7 Club sees TVING-style subscribers triple, with 92% retention

SSG.com’s SSG 7 Club sees TVING-style subscribers triple, with 92% retention

Fall baseball drives a surge in signups, with a 7% statement-credit discount available through the 21st
Combining retail and media proves the power of customer lock-in SSG. com’s 'SSG 7 Club' TVING-style membership, which combines grocery-shopping benefits with an over-the-top streaming service, is seeing explosive growth.
| James choi
Netflix Korea revenue tops 1 trillion won, surges 1.7-fold ... 81% of proceeds go to U.S. headquarters

Netflix Korea revenue tops 1 trillion won, surges 1.7-fold ... 81% of proceeds go to U.S. headquarters

Domestic operating profit reaches just 20.3 billion won, highlighting uneven revenue-sharing structure behind K-content's success
Global online video streaming giant 'Netflix' generated more than 1 trillion won in revenue in South Korea last year for the first time since entering the market. But 81% of that massive revenue was remitted to its U. S. headquarters, leaving the Korean entity with operating profit of just 20.
| James choi
Park Chan-wook, Bong Joon-ho, Jang Hang-jun, Yoon Ga-eun and 27 other film directors publish debut essay 『My First Action』!

Park Chan-wook, Bong Joon-ho, Jang Hang-jun, Yoon Ga-eun and 27 other film directors publish debut essay 『My First Action』!

Featuring the voices of directors affiliated with the Directors Guild of Korea (DGK), the 2014 book 『The Moment of Debut』 has been revised and expanded and published in two volumes, 1 and 2.』
A nonfiction essay vividly recounting the hard-fought debut journeys of 31 leading directors shaping South Korean cinema, 『My First Action』 (jointly planned by the Directors Guild of Korea and CinePlay), has been published.
| Joo Seong-cheol
'My Mister' writer Park Hae-young takes aim at zero-revenue contracts, demands end to buyout practice:

'My Mister' writer Park Hae-young takes aim at zero-revenue contracts, demands end to buyout practice: "Copyright law must change to ensure fair compensation"

Creators' Alliance, formed by six groups including the Korean Film Directors' Guild, urges passage of copyright amendment introduced on the 17th
The face of K-content stripped of copyrights: Buyout practices run counter to global standards The Korean Broadcasting Writers Association and the Korean Film Directors' Guild were among six groups that formed the Creators' Alliance, which held a news conference at the National Assembly on the 12th...
| James choi