Press release link: https://www.korea.kr/briefing/pressReleaseView.do?newsId=156593537
Ministry of Science and ICT, 1st “International OTT Festival” Successful
Opening a new chapter in OTT global exchange and cooperation
- Over 250 domestic and foreign OTT, production companies, creators, etc. attended, discussing global exchanges and cooperation
- Disney+'s 'Moving', a hot topic of K-content at the international OTT awards ceremony, won six awards including Best Digital VFX Work, Best Creative, and Writer.
- Best OTT Original went to Wave's 'Weak Hero Class 1', New Tech Award went to 'Tving', Innovation Award went to Tving's 'Transfer Love 2', and Wave's 'Park Ha-kyung's Travelogue', promoting K-OTT.
-9 K-contents expected to attract investment of approximately 36 billion won from domestic and foreign OTTs and investment companies
On the first day of the investment attraction showcase, Saturday, October 7, seven major domestic and foreign OTT companies, including Tving, Wave, Paramount+, iQiYI, Viu, U-NEXT, and 1001tv, gave presentations and shared their business directions, main content, and global partnership strategies with the attendees.
On the second day, Sunday, October 8, 22 content planning proposals and new work pitching (explanation) were conducted for domestic and foreign OTT platforms (Tving, Wave, Watcha, iQiyi, View, Unext, 1001tv), foreign investors (Warner Bros. Discovery), and domestic investors (three venture capital firms) including Astory, small and medium-sized production companies, SBS, regional broadcasters, and individual creators . The intention to attract investment of approximately 36 billion won was confirmed for 9 contents recognized for their excellence , and plans are to continue cooperation such as joint production in the future.
< Introduction of major investment attraction contents >
• Ramen and Chill (Naked Seoul): A week-long dating experiment variety show with six international women from around the world and six Korean men.
• Farewell Tour (Thirty Seventh Degree Co., Ltd.): A drama about three K-pop stars, their entourage, and a music critic fighting for survival while waiting to be rescued after their private jet crashes.
• Sticker (MooAm Production): A drama about an influencer who craves love and attention and the love story of another person living in her heart.
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