JTBC Studio will join CJ ENM’s online video service (OTT)’Taving’ and start to expand its business in earnest. Over the next three years, more than 400 billion won is invested to create original content.
CJ ENM announced on the 7th that “JTBC Studio is joining Teabing” and said, “We will combine the content competitiveness of both companies to develop into an OTT representing Korea.” The two companies made a business agreement (MOU) for the launch of a joint OTT corporation in September 2019. ) Signed.
Teabingen, a joint venture, contains vast contents of CJ ENM and JTBC Studio. Just last year, CJ ENM succeeded in’Crash Landing on Love’ and’Crash Landing in Love’, and JTBC’s’World of Couples’ and’Itaewon Class’. Recently, Naver announced its investment plan in Teabing.
Teabing will be releasing original contents sequentially from the beginning of this year, starting with PD Jeong Jong-yeon’s entertainment show’Girls’ Mystery Class’, who has formed a mania through’Great Escape’. Short form contents aimed at the MZ generation (millennial + Z generation) familiar with the digital environment are also introduced. An official from Teabing said, “We will collaborate based on the IPs of the two companies,” saying, “Not only spin-off programs, but also CJ ENM and JTBC’s star creators such as tvN, JTBC, JTBC Studio, Studio Dragon, etc. We are planning original contents.”
Currently, Teabing is servicing more than 60,000 domestic and international content including 35 real-time TV channels. Teabing CEO Yang Ji-eul said, “By 2023, we will foster Korea’s representative OTT platform with more than 5 million paid subscribers. We will produce and supply premium dramas and entertainment contents through bold investments, and make them more convenient to use with personalized content services. “He emphasized.
Reporter Kim Hee-kyung [email protected]
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