EXCLUSIVE: The Hallyu march continues this week, as a major Korean content streaming service continues its global rollout. K-entertainment subscription streamer Kocowa+ has launched in Europe and Oceania, offering 30,000 hours — what Kocowa claims is the “largest Korean content library outside of Korea” — and with English, Spanish, Portuguese and Chinese subtitles. In total, …
The small OTT platforms are hence facing two options: get acquired by larger platforms or shut shop due to growing losses as expenses continue to outpace revenues.
Despite incurring losses, deep-pocketed OTT platforms are continuing operations due to regular fund injections from their parent companies, while smaller rivals are at risk of going out of business due to high capital requirements for content, marketing, and user acquisition, industry experts said.