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NBCUniversal Signs for Korean Content With Wavve OTT Platform
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variety.comBy Patrick Frater Asia Bureau Chief South Korean video streaming platform Wavve is to supply Korean content to NBC Universal, under a deal announced Sunday.
Content Wavve is a consortium established last year involving the country’s three terrestrial broadcasters, KBS, MBC and SBS, and local telecoms firm SK Telecom.
The supply deal has an initial life span of three years and covers films and TV series. Content could appear on NBCUniversal’s own streaming service Peacock from May, the companies said.
The two groups also said that the agreement involves co-investment in Korean content development and production. Content Wavve said it plans to spend $50 million (KRW60 billion) this year on original content production.
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