Close
Close

Published

Netflix scares SKT into streaming merger, overseas launch

It transpires there was much more to SK Telecom’s investment in local OTT service Pooq last week, as the Korean mobile giant followed up the initial news with plans to merge its own streaming service, Oksusu, with the broadcaster-run Pooq. Even one of the most technologically advanced operators on the planet isn’t immune to the Netflix effect and has been forced to take drastic measures. The announcement has openly admitted that the project’s entire essence boils down to combatting Netflix, with its extensive investments in local programming now irking the country’s largest players to the point of consolidation. But the bigger news is that a merged and soon to be rebranded Oksusu-Pooq is due to launch overseas later this year.…

Close