Latest news of wavve

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).

In the face of Netflix’s increasing dominance in South Korea’s subscription OTT market, the local regulator has now approved the merger of the two Korean OTT services, TVing and Seezn.

Largest South Korean OTT platform Wavve, which launched in 2019, announced that it will invest 1 trillion won (US$885 million) in original content through 2025.