Webtoons, a popular source material for TV adaptation in South Korea, have seen commissions fall significantly over the past 12 months, as South Korea’s TV industry shifts towards a more internationally-friendly outlook, according to Ampere Analysis.
With the local market getting saturated and leading platforms struggling to gain new subscribers, Chinese SVODs have turned their eyes abroad to seek new opportunities, Ampere Analysis said in its latest report.
The major global streaming platforms (Netflix, Prime Video, Disney+, Apple TV+, Paramount+ and Max/HBO Max) will invest US$42 billion in original and acquired film and TV content this year, the latest Ampere Analysis forecast suggest.
Rights holders are seeking ways to exploit the rise in potential buyers for the purpose of growing media rights revenues, according to a new report published by Ampere Analysis.
The number of households taking at least one subscription OTT service in Western Europe is set to surpass North America next year, with the UK and Germany driving much of this growth, according to Ampere Analysis.