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SKT given unprecedented free reign in OTT video merger move

Following in the footsteps of France’s Salto which gained regulatory approval last week, a more aggressive answer to Netflix has just been given the green light over in South Korea. SK Telecom has received permission to merge its own OTT video service Oksusu with the broadcaster-run Pooq, which SKT took a 30% shareholding in seven months ago when the Korean titan first announced its OTT roll up plans. This is essentially the equivalent of Sky in Europe making a sizable investment in Britbox, the joint streaming venture between the BBC and ITV in the UK, and then fusing it with Now TV. Or more poignant still, imagine if a bunch of US broadcasters buddied up on a country-wide streaming initiative,…

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