BBC Studios has entered the Korean content game in a big way. The BBC’s commercial outfit has partnered with Korean streamer Viu and the Korean Creative Content Agency (KOCCA) on a Memorandum of Understanding (MOU) that will see the “production, investment, and distribution of global broadcast and video content” between the partners.
The broad aim is for BBC Studios and Viu to combine on shows and distribution, along with “other necessary matters for the development of the domestic and international broadcast and video content industry and the establishment of a fair ecosystem,” they said.
The MOU was established to address “limitations and challenges” in the current broadcasting space such as rising costs and a decrease in factual shows, according to the announcement, coming after a gloomy Edinburgh TV Festival that spotlighted these issues.
KOCCA said it “plans to secure genre diversity in K-content and facilitate stable overseas expansion through co-operation” with BBC Studios and Viu.
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