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Korea’s Streaming Rivals, Tving and Wavve, in Merger Talks
Patrick Frater Asia Bureau Chief South Korea’s two largest streaming services, Tving and Wave, are in advanced merger talks, according to Korean financial news media. The move appears intended to strengthen the home-grown platforms, which currently trail streaming market leader Netflix. The Korean Economic Daily reported Wednesday that CJ ENM, the largest shareholder in TVing, and SK Square, the biggest backer of Wavve, could strike an agreement as early as next week.