, the streaming video platform spun off from CJ ENM. The move is intended to accelerate Tving’s expansion within Korea and abroad.
Analysis firm Nielsen Koreanclick recently reported that Tving has 3.34 million subscribers, which would put it close behind Netflix. The company has not confirmed that figure, but says it aims to reach eight million subscribers by the end of 2023. Naver, long a major player in social media and internet search services, is on course to becoming a serious player in content. It recently paid $600 million to acquire Wattpad, the online literature site that has hatched a string of movies and TV series worldwide, and will merge that with its own Webtoon animation operation.
Source: News Formal (newsformal.com)
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