KT Invests in Production as Netflix Stretches Streaming Lead in Korea
Reading now: 385
variety.comPatrick Frater Asia Bureau ChiefKorea Telecom has unveiled plans to inject $150 million into its media unit allowing it to expand its content production capacity.
The move comes at a time when already high competition for Korean content is set to intensify further.KT said that it will buy new shares in KT studio Genie, the unit formed earlier this year to house all its media activities.
Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
