K-drama giant CJ to spend $970 million yearly to fight Hollywood

Quick Summary:

Company said country's entertainment industry in crisis mode as Netflix takes lead on distributing K-dramas.

In an effort to overcome the industrial downturn, CJ’s affiliates plan to go international.

At the same time, Netflix has taken the lead on distributing K-dramas such as Squid Game worldwide.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIndiaJapanSouth KoreaOmanUnited States

Topics: Media Backed Oscar-winning Content International Industry Crisis Markets 2019 Local Entertainment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-04 @ 12:35:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 408 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 22876163

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 17 posts per day

Year Established: 1845

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Publisher ID: #25

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