South Korea’s Wavve Buys K-Content Streamer KOCOWA, Plots Global Expansion
deadline.comAs the hunt for the another Squid Game continues, we’re seeing new consolidation in the South Korean content sphere. Korean streaming platform Wavve has bought KOCOWA (Korean Content Waave), the K-content streamer that operates in the Americas.
The companies already have similar ownership structures, with Wavve (aka Content Wavve) owned by Korean networks KBS, MBC and SBS and SK Telecom, and KOCOWA jointly owned by the three broadcasters.
Wavve says the deal, which was confirmed today, “launches its global business,” with KOCOWA operating in 30 territories, including the U.S., Canada, Mexico and Brazil.
KOCOWA offers Korean shows in the Americas through streaming service KOCOWA+ and local OTT and cable services. Wavve bills itself as Korea’s largest OTT service.
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