Muvi Blogs

Beyond The Buzz- Latest Insights From Muvi

Please wait while we enable your Account

0%

Contacting Amazon Web Services
Deploying Cloud Servers, Storage, Transcoding & Database Servers
Deploying Global CDN
Deploying Firewall & Enabling Security Measures
Deploying the CMS & Admin Module
Deploying Website, Mobile & TV Apps framework
Creating your FTP account
Finishing up all the modules
Preparing for launch

Lotte Cinema to begin OTT service in June 09 April 2018

Lotte Cinema, the leading multiplex unit of South Korea will be embarking on its OTT journey to avoid the potential stagnancy in the number of cinemagoers. The company is planning to create a growth engine after witnessing a decrease in the number of cinemagoers. Netflix which is a big success in South Korea is also one of the reasons that Lotte is betting on online video streaming platform as a standalone product to reach as many customers possible.

Lotte Cinema plans to offer the OTT service as a transactional video on demand type, which means customers can purchase content on a pay per view basis like Google Play and iTunes.

Currently, Korea’s top three telecom companies SK Telecom, KT and LG Uplus are also providing mobile video streaming services through their mobile apps. If reports are to be believed, South Korean OTT market is estimated to reach 780.1 billion won ($731 million) by 2020.

 

Don't forget to share this post!


Latest Posts

Try Muvi One free for 14 days

No Credit Card Required

.muvi.com
Your website will be at https://yourname.muvi.com, you can change this later.

Related Blogs
Why Should You Launch Your Own Branded Smart TV App in 2023?

Why Should You Launch Your Own Branded Smart TV App in 2023?

  Video streaming is a rapidly growing industry, with more and more consumers choosing to cut the cord and stream...

06 February 2023
What is an Online Video Platform (OVP)? Definition, Meaning and How It Works?

What is an Online Video Platform (OVP)? Definition, Meaning and How It Works?

  Online video consumption is rapidly growing and becoming more popular these days. The use cases for online video in...

06 February 2023
Connected TV (CTV) Advertising: All You Need To Know

Connected TV (CTV) Advertising: All You Need To Know

  Connected TV (CTV) advertising refers to the practice of delivering video ads to viewers on internet-connected televisions (TVs), rather...

31 January 2023
How to Develop Your Own LG TV WebOS App Without Coding?

How to Develop Your Own LG TV WebOS App Without Coding?

  In 2021, LG TVs held an 18.9% share of the global television market. We don’t need to tell you...

20 January 2023
OTT Business Model 2023 - How OTT Platforms Make Money?

OTT Business Model 2023 - How OTT Platforms Make Money?

  Are you eager to know about How OTT platforms make money? In this blog, we will discuss how OTT...

18 January 2023

Try Muvi One
Free for 14 days

Launch your Multi-Screen Streaming Service
Instantly
START FREE
close-link