Online video services (OTT) 'Tving' and 'Season' are reportedly set to merge soon.
According to industry sources on the 12th, Tving and KT Studio Genie are expected to hold board meetings on the 14th to review the service merger plan as a key agenda item.
If Tving and Season merge, the largest domestic OTT service with over 5 million users will be created.
Currently, the number of domestic OTT users is highest for Netflix with about 11.17 million, and among domestic OTT providers, Wavve leads with approximately 4.23 million users.
Tving is an OTT service spun off from CJ ENM, and KT Studio Genie was launched in March last year to accelerate KT's content business.
In March this year, CJ ENM made a 100 billion KRW equity investment in KT Studio Genie and agreed to cooperate in various areas such as drama production and music, fueling ongoing speculation about the merger of Tving and Season.
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