Merger of Korean OTT platforms Tving and Wavve imminent: sources
Popular South Korean over-the-top streaming services Tving and Wavve are reportedly seeking a merger, according to the media reports on Wednesday. Currently, entertainment giant CJ ENM owns Tving, while conglomerate SK Square runs Wavve. The two OTT brands are seeking a merger to increase their share of the local OTT market, aiming to clinch the deal in December, according to a local media outlet, citing industry sources. According to the report, CJ ENM will become the largest shareholder of t
Nov. 29, 2023