SEOUL– Tving, an online video streaming service run by South Korean entertainment giant CJ ENM, and KT Studio Genie’s Seezn, are considering merging their over-the-top (OTT) platforms, industry sources said Tuesday.
The two companies will talk about a potential merger deal during their respective board meetings scheduled for Thursday, according to the sources.
If Tving and Seezn are combined, they would create South Korea’s biggest OTT service provider with more than 5 million total subscribers, surpassing the country’s biggest platform Wavve’s 4.23 million.
Source: Yonhap News Agency