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Two South Korean terrestrial broadcasting companies have broken a partnership with YouTube and joined with local Web portals to offer video content, as they seek greater control over their online content in an effort to secure new profit sources, industry sources said Sunday.
Seoul Broadcasting System and Munhwa Broadcasting Corp. stopped providing free streaming of their regular shows and drama series on the world’s No. 1 video-sharing site, starting Dec. 1.
CJ E&M Corp., the top media conglomerate with 18 cable channels under its wing, is poised to discontinue its uploads starting Monday, the company said.
Instead, their video clips are now available on Naver and Daum, the two most popular search engines run by namesake companies Naver Corp. and Daum Kakao Corp.
That is tantamount to the majority of TV channels in Korea parting from YouTube, given their combined market share, based on ratings, accounts for 52 percent as of end-September, according to the latest regulatory filings. (Yonhap)
Seoul Broadcasting System and Munhwa Broadcasting Corp. stopped providing free streaming of their regular shows and drama series on the world’s No. 1 video-sharing site, starting Dec. 1.
CJ E&M Corp., the top media conglomerate with 18 cable channels under its wing, is poised to discontinue its uploads starting Monday, the company said.
Instead, their video clips are now available on Naver and Daum, the two most popular search engines run by namesake companies Naver Corp. and Daum Kakao Corp.
That is tantamount to the majority of TV channels in Korea parting from YouTube, given their combined market share, based on ratings, accounts for 52 percent as of end-September, according to the latest regulatory filings. (Yonhap)
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