Yang Ji-eul, CEO of TVING, "TVING to Enter Japanese and US OTT Markets with LINE"

CJ ENM Spin-off and Independent Launch 1st Anniversary
Announced at 'TVING Connect 2021' Event

Yang Ji-eul, co-CEO of TVING, revealed plans to enter the global online video service (OTT) markets in Japan, Taiwan, and the United States at the 'TVING Connect 2021' event held on the 18th to celebrate the first anniversary of the independent corporation's launch. The photo shows, from left, Yang Ji-eul and Lee Myung-han, co-CEOs of TVING. Photo by TVING

[Asia Economy Reporter Minyoung Cha] Yang Ji-eul, co-CEO of TVING, revealed plans to enter the global online video service (OTT) markets in Japan, Taiwan, and the United States at the ‘TVING Connect 2021’ event held on the 18th to commemorate the first anniversary of the independent corporation's launch.

CEO Yang Ji-eul stated, "TVING has signed a memorandum of understanding with LINE Plus," adding, "A task force (TF) is currently operating to share ideas."

TVING, a domestic OTT platform, will directly offer D2C (Direct to Customer) services in key countries. In addition to TVING’s K-content originals, including content from its parent company CJ ENM, it plans to aggressively acquire local content that can target each region.

LINE was chosen as the global expansion partner. The messenger platform LINE, with approximately 200 million global monthly active users, is loved as the ‘national messenger’ in Japan, Thailand, Taiwan, and other countries.

LINE Plus CEO Lee Eun-jung said, "By combining LINE’s global business capabilities with TVING’s content production capabilities, we can create the most powerful K-content platform representing Asia."

Meanwhile, since its launch as an independent corporation in October last year, TVING has shown remarkable results, with cumulative paid subscribers increasing more than threefold (206%) in just one year. In addition to the main target demographic of people in their 20s and 30s, subscribers in their teens increased by 268%. Paid subscribers among middle-aged and older adults as well as male subscribers are also on the rise.