Korea Streaming Sector Still Growing, Despite Pending Consolidation – Study

EXCLUSIVE: Coming off five successful seasons on FX’s Mayans M.C., Clayton Cardenas has set up his next project.

New York Post, James Dolan, the executive chairman of the Madison Square Garden Network, said that conversations were going “back and forth” with Abu Dhabi about the possible new venue.He also revealed that additional plans for further venues in Saudi Arabia and South Korea had “stalled”.The news comes after it was reported in November that Las Vegas’ Sphere, which is housing a residency by U2, had made a loss of $98.4million (£80.5million) since opening on September 29.Reviewing U2’s Vegas residency the Sphere, NME hailed the show for “taking the live concert experience ‘to the next level’” and delivering “a fine balancing act of doing just that while also ensuring their music remains very much at the forefront”.Earlier this month, U2 announced that they were extending their residency until March 2024.Earlier this month, the UK government called for plans for a Vegas-style Sphere venue to be created in London to be revived, after they had been scrapped by the city’s mayor, Sadiq Khan.The original plans, first announced in 2018, would have seen a 21,500-capacity venue built, becoming the largest concert arena in the UK.However, after five years of planning for the venue, hopes of it coming to fruition appeared to be quashed in November, when the London Mayor intervened in the decision, citing the “unacceptable negative impact” it would have on the local residents.The proposed venue had raised concerns from some of those living in the surrounding area, who highlighted the strains on local infrastructure and health risks.

This year was full of incredible Korean drama offerings.

Patrick Frater Asia Bureau Chief Fact-based action drama “12.12: The Day” won a fourth weekend at the South Korea box office and became the second highest grossing film of the year. The political thriller incurred a steep week-on-week drop in takings, managing only $5.89 million in its fourth weekend, compared with $11.4 million in its third. But it still hogged a 72% market share, according to data from Kobis, the tracking service operated by the Korean Film Council (Kofic). After releasing on Nov.

Patrick Frater Asia Bureau Chief The first and second seasons of the hit thriller series “The Tourist,” starring Jamie Dornan and Danielle Macdonald, will shift to Netflix starting next February. The first season originally saw Warner Bros. Discovery’s Max as a co-producer and local streaming partner.

pop star posted on social media. “Very happy to be able to tell you that the extended version of the film including ‘Wildest Dreams,’ ‘The Archer’ and ‘Long Live’ will be available to rent on demand in the US, Canada & additional countries to be announced soon starting on … you guessed it, December 13.” The songs that Swift named — “Wildest Dreams,” “The Archer” and “Long Live” had originally been cut from the theatrical release of the concert film, which recently earned a Golden Globe nomination for box office achievement — having raked in over $250 million at the global box office. The tour itself is reportedly the first to cross the billion-dollar mark.

Goodbye Earth, starring Yoo Ah-in, is still “postponed”.Yesterday (December 11), South Korean media outlets reported that Goodbye Earth was under consideration to premiere sometime in April 2024, with Yoo Ah-in to be “edited out as much as possible” in the final product, according to translations by Soompi.Earlier this year, Yoo Ah-in tested positive for propofol and marijuana in a drug test amid allegations of drug use in February. The actor was later replaced as the lead in Netflix’s Hellbound, with his other projects with the streamer postponed.Shortly after the report surfaced, Netflix disputed the claims in a statemeny to Xports News. “The release schedule for Goodbye Earth has not been determined,” the streamer said, adding that it is still “temporarily postponed”.“We will provide further information on the specific release schedule as soon as it is confirmed.

were announced Monday morning, and the biggest shocker is … that they still exist!Like a post-apocalyptic Twinkie, the 80-year-old ceremony has survived against all odds. There’s been scandal after scandal, the disbanding of the Hollywood Foreign Press Association, a sale to Dick Clark Productions and a move from NBC to CBS.

Patrick Frater Asia Bureau Chief Fact-based political thriller “12.12: The Day” dominated the Korean box office for the third successive weekend and advanced its takings haul beyond $50 million. It was far ahead of “Napoleon,” which opened a disappointing third. The Kim Sung-soo-directed picture earned $11.4 million between Friday and Sunday, accounting for 75.8% of nationwide weekend cinema revenues, according to data from Kobis, the tracking service operated by the Korean Film Council (Kofic). It has held up particularly strongly and dropped by only 12% in its third weekend.

Like the Japanese with their Godzilla movies, the Koreans are partial to a bit of post-apocalyptic social satire, and Um Tae-Hwa’s box office hit Concrete Utopia follows a path trailblazed in 2013 by Bong Joon-ho’s cult sci-fi Snowpiercer. Adapted from the popular webtoon Pleasant Outcast by Kim Soong Nyung and partly inspired by British writer J.G. Ballard’s 1975 novel High-Rise, it centers on a Korean apartment block whose residents become lawless after a terrifying earthquake rips through the country.

Squid Game The Challenge winner Mai Whelan claims she has yet to receive the $4.56 million first prize - 10 months after filming the Netflix show. The 55 year old won over viewers of the game show with her dramatic story of how she escaped the communist regime in her homeland of Vietnam after the fall of Saigon - as well as her cunning streak that saw her beat 455 other players to scoop the jackpot. In the final of the programme, which was inspired by Netflix’s smash-hit dystopian Korean series Squid Game, she beat 27 year old scuba instructor Phill Cain after multiple rounds of rock, paper, scissors.

Patrick Frater Asia Bureau Chief Thailand’s broadcast and streaming group Mono Next and Korea’s Studio Genie have struck a deal to collaborate on content creation and distribution. Production of a Thai remake of a Korean series is on the cards, but has not been finalized. The memorandum was announced on stage at the Asia Television Forum in Singapore on Wednesday, with streaming unit Mono Streaming signing on behalf of the Thai group.

BLACKPINK are still discussing their individual contracts with YG Entertainment, the label has confirmed.YG Entertainment announced yesterday (December 6) that BLACKPINK had re-signed with the K-pop agency following a months-long negotiation process, saying that the quartet would be releasing “new albums” and embarking on “world tours” in the future.However, in its statement, YG Entertainment also said that BLACKPINK had “signed an exclusive contract for group activities”, which left questions about the quartet’s individual contracts with the agency.In a later statement to South Korean news outlet eToday, YG Entertainment confirmed that “the exclusive contracts for individual members are still being negotiated”.In addition, the label also said that it is currently “difficult to provide details” about the duration of BLACKPINK’s new group contract, as well as any possible upcoming plans for new music. “For now, please kindly refer to the official statement only,” per TV Report, as translated by Soompi.Yesterday, the share price of YG Entertainment shot up by as much as 29 per cent after it announced that BLACKPINK have renewed their contracts with the agency.

Rafa Sales Ross Guest Contributor With a fast-growing box office expected to hit the billion-dollar mark by 2030 and rising numbers of streaming subscriptions, Saudi Arabia is at a key point in its journey into becoming a key global player when it comes to TV and film production. However, with a market that is only five years old — with Saudi lifting its 35-year ban on cinema in 2018 — local audiences are yet to flock to locally made content, which is still relatively scarce when it comes to the big screen.

Korea’s premium VOD industry continued to grow in the third quarter of 2023, with the number of subscriptions increasing by more than 700,000 to reach 19 million, according to the latest report from Media Partners Asia (MPA).

Banijay Asia Unveils Leadership Team Following Endemol Acquisition

BTS are to begin their mandatory South Korean military duties soon, their management agency said.Big Hit Music said in a statement Tuesday that the enlistments are “upcoming” but didn’t disclose the starting dates.South Korean media reported that all four members will begin their duties next week — RM and V on Dec. 11 and Jimin and Jung Kook, who are scheduled to enlist together, on Dec.

Patrick Frater Asia Bureau Chief Something Special, the Seoul-based international format agency founded by format specialists Jin Woo Hwang (president and executive producer) and Kim In Soon (EVP & head of content) announce that ITV Studios has optioned the hit Korean celebrity format “Battle in the Box” for France, Australia, New Zealand, and Israel. The deal was unveiled on Wednewday, the first full day of the Asia Television Forum and Market (ATF) in Singapore. “Battle in the Box,” created by Korea’s NMedia and represented globally by Something Special, has previously seen deals announced with Fremantle for Denmark, Norway, Sweden, Finland, the Netherlands, Belgium and Portugal.

Chinese streaming giant iQiyi has hailed the integration of artificial intelligence into its development and pitching processes.

Patrick Frater Asia Bureau Chief Webtoons, the vertical-scrolling iteration of digital comics that emerged some twenty years ago in Korea, along with the smartphone, are now a global medium. But they are only at the beginning of their global journey, says Charlie Park, CEO of Kakao Entertainment-owned Tapas. Park was speaking Tuesday at the Asia Television Forum in Singapore in a session moderated by industry consultant Jimmy Kim. Park explained that the webtoon segment was for several years a niche fan-driven activity with few opportunities for monetization.