According to Kagan's 2022 survey of OTT partnerships and virtual multichannel services, Asia-Pacific multichannel operators have become hybrid providers, with traditional multichannel and virtual multichannel or over-the-top subscription offerings launched in recent years.
Wavve, one of the largest Korean-owned video streaming platforms, has acquired Kocowa, a specialty distributor of Korean content in the Americas, for 90.1 billion won (US$70.62 million).