BROADCASTING VS. STREAMING EVOLUTION: HOW TRADITIONAL MEDIA AND NEW STREAMING GIANTS INNOVATE

Broadcasting vs. Streaming Evolution: How Traditional Media and New Streaming Giants Innovate

Broadcasting vs. Streaming Evolution: How Traditional Media and New Streaming Giants Innovate

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Terrestrial dramas have long been established as widely recognized TV programs, produced and broadcast through major network broadcasting stations. In contrast, online services are digitally distributed streaming platforms, with global streaming giants, Watcha, and Wavve being leading competitors. As audience preferences evolve, competition between terrestrial dramas and digital streaming platforms has become fierce. Consequently, each platform is developing exclusive releases and employing differentiated strategies to strengthen its competitiveness.

Differentiation Strategies of Terrestrial Dramas

Terrestrial broadcast series focus on providing productions with broad audience reach while maintaining traditional storytelling methods. In particular, they actively highlight star actors to increase viewer engagement and produce narratives that appeal to a wide range of age groups, thereby securing a consistent fanbase. Additionally, leveraging their decades of industry presence and network legacy, they continue to offer traditional stories, ensuring stable viewership ratings. This allows audiences to find more ways to engage with traditional content through various distribution channels.

Differentiation Strategies of OTT Services

OTT platforms are expanding their subscriber base by employing strategies distinct from network-based television. Firstly, they actively incorporate emerging trends and experimental formats, prioritizing originality and narrative depth over mass appeal. Secondly, they curate tailored content that caters to niche preferences, targeting unique fan bases. Lastly, they focus on producing multinational content aimed at the global market, allowing them to secure viewers not only domestically but also on a global scale. Through these methods, OTT services are redefining the market in ways distinct from traditional terrestrial broadcasting.

Competition and Collaboration Between Platforms

As major TV networks increasingly penetrate the digital entertainment industry, competition has escalated. For instance, KBS and MBC operate their own streaming platforms, 'KBSon' and 'MBC Digital', respectively, making available their existing TV shows on internet-based distribution channels. This strategy helps sustain the relevance of legacy networks while engaging modern audiences. Meanwhile, the rise of new media services is changing consumer behavior towards more flexible viewing options.

Conversely, OTT services are also solidifying their influence by working alongside terrestrial broadcasters. A leading global streaming giant has gained massive international recognition with Korean dramas like 'Squid Game' and the supernatural dystopian sensation, leveraging the storytelling expertise of Korean TV networks. This collaboration helps both parties maximize their potential, fostering a diverse storytelling landscape. As a result, the distinction between traditional and modern media continue to fade.

Ultimately, terrestrial dramas and OTT services are both rivaling each other and 후후티비 대체 working together through their respective differentiation strategies. Terrestrial dramas maintain established storytelling and general audience focus, whereas digital platforms provide experimental and internationally appealing content. As synergy and cooperation between these platforms continue to develop, audiences can expect a richer and enhanced content environment in the future.

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