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TVING

Topic: Software

 From HandWiki - Reading time: 4 min
Short description: South Korean online streaming platform
TVING
Logo of TVING
Screenshot of TVING homepage on July 7, 2021
Screenshot of the homepage on July 7, 2021
DeveloperTVING Corporation
TypeOTT video streaming platform
Launch dateMay 31, 2010; 14 years ago (2010-05-31)
StatusActive
AvailabilitySee availability
Websitewww.tving.com

TVING (Korean: 티빙) is a South Korean online streaming service operated by TVING Corporation, a joint venture of CJ E&M (CJ Group), Naver and JTBC.[1][2] It is a platform that streams dramas, entertainment shows, animations, exclusive television films, specials and documentaries.[3]

History

Second logo, used from 2016 to 2020
Third logo, used from 2020 to 2022

TVING was launched on May 31, 2010, by CJ HelloVision.[4] In January 2016, the service was transferred to CJ E&M.[5] On September 17, 2019, CJ E&M and JTBC signed an MOU to establish a joint venture company to operate the service.[6] On October 1, 2020, the joint venture company was launched as TVING Corporation and Yang Ji-eul became the first CEO of the entity.[7] On April 29, 2021, TVING announced that it would no longer provide real-time TV channels for free with paid subscription needed in order to view the content moving forward.[8] On June 30, 2021, it was announced that Naver has invested ₩40 billion into TVING Corporation, making Naver the second largest shareholders at 15% after CJ E&M.[9][10]

During the TVING Connect online event, TVING announced plans to launch the service in Japan and Taiwan by 2022. TVING is also in talks with Naver subsidiary Line Corporation for launching the platform in other Asian countries, along with the United States and Europe.[11]

In December 2021, CJ ENM partnered with ViacomCBS (now Paramount) to launch Paramount+ as a content hub on TVING, which was set to be launched on June 16, 2022.[12] It also announced that it would release K-dramas co-produced by both CJ (including Studio Dragon and newly formed CJ ENM Studios) and Paramount.[13] Their first co-production was the science fiction drama Yonder, which was confirmed to premiere on Paramount+ internationally.[14]

In July 2022, CJ ENM and telecom giant KT announced that KT-owned streaming platform Seezn (ko) will be merging with TVING.[15][16] It was also confirmed that once the merger is finalized, TVING will become South Korea's largest streaming platform and will be competing against Netflix, which has dominated the Korean streaming markets.[17] The merger was approved by the Korean Fair Trade Commission in October 2022.[18] Another merger with SK Telecom's Wavve (ko) was also underway into the discussion.[19]

On June 29, 2023, CJ ENM appointed Choi Ju-hee as the new CEO of its subsidiary, Tving.[20]

Programming

Availability

  Available
  Planned
Release date Country/Territory Ref.
October 1, 2020 South Korea [7]
2023 Japan , Taiwan [11]
2024 United States

See also

  • List of streaming media services

References

  1. ↑ Lee, Jung-hyun (September 17, 2019). "지상파 이어 CJ ENM-JTBC도 OTT 출범 '맞손'" (in ko). Yonhap News Agency. https://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=103&oid=001&aid=0011083784. 
  2. ↑ Park, Jong-jin (October 2, 2020). "CJ ENM·티빙 분사 완료…JTBC 등과 합작 본격화" (in ko). Electronic Newspaper. https://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=105&oid=030&aid=0002905717. 
  3. ↑ Lee, Soo-ki (May 3, 2021). "Local OTT services become more popular as Netflix stalls". https://koreajoongangdaily.joins.com/2021/05/03/business/industry/ott-netflix-tving/20210503145800402.html. 
  4. ↑ Kim, Tong-hyung (May 31, 2010). "Cable television plugged into Internet". https://www.koreatimes.co.kr/www/tech/2010/05/129_66800.html. 
  5. ↑ Yoon, Sung-won (November 30, 2016). "CJ E&M pushing to revitalize internet-based broadcast platform". https://www.koreatimes.co.kr/www/tech/2021/04/133_219259.html. 
  6. ↑ Hwang, Hye-jin (September 17, 2019). "JTBC, CJ ENM와 MOU 체결 "OTT 합작법인 출범"(공식)" (in ko). Newsen. https://news.naver.com/main/read.naver?mode=LSD&mid=sec&sid1=001&oid=609&aid=0000171758. 
  7. ↑ 7.0 7.1 Yoon, Ji-hye (October 5, 2020). "CJ ENM, 티빙 물적분할 완료" (in ko). iNews 24. https://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=105&oid=031&aid=0000560954. 
  8. ↑ Ham, Na-yan (March 29, 2021). "[전문 티빙, 실시간TV 무료로 못 본다 (공식)"] (in ko). Sports Donga. https://entertain.naver.com/read?oid=382&aid=0000899980. 
  9. ↑ Han, Kyung-woo (June 30, 2021). "CJ ENM "티빙, NAVER 대상 400억원 규모 3자배정 유상증자" [주목 e공시"] (in ko). Hankyung News. https://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=101&oid=015&aid=0004570466. 
  10. ↑ Frater, Patrick (July 1, 2021). "Korea's Naver Expands Investment in CJ ENM Streamer TVING". https://variety.com/2021/global/asia/korea-tving-naver-invest-streaming-1235010447/. 
  11. ↑ 11.0 11.1 Kim, Bo-ram (October 18, 2021). "TVING plans to launch service in Japan, Taiwan next year, in U.S. in 2023". https://en.yna.co.kr/view/AEN20211018005900315. 
  12. ↑ Lee, Jian (2022-05-24). "Paramount+ to launch in Korea next month in partnership with TVING". https://koreajoongangdaily.joins.com/2022/05/24/entertainment/television/Paramount-Plus-Korea-Tving/20220524143647732.html. 
  13. ↑ "ViacomCBS and CJ ENM Ink Global Content Pact, Will Launch Paramount Plus in South Korea". December 7, 2021. https://variety.com/2021/tv/news/viacomcbs-cj-enm-paramount-plus-1235127921/. 
  14. ↑ Ravindran, Manori (February 15, 2022). "'Sexy Beast' Prequel Among Offerings in Paramount Plus International Scripted Slate (EXCLUSIVE)". https://variety.com/2022/tv/global/sexy-beast-prequel-paramount-plus-scripted-slate-1235182797/. 
  15. ↑ "TVING and Seezn will merge to form Korea's largest streaming service". July 14, 2022. https://koreajoongangdaily.joins.com/2022/07/14/business/industry/Korea-Tving-Seezn/20220714165548954.html. 
  16. ↑ Frater, Patrick (July 17, 2022). "TVING and Seezn Korean Streaming Platforms to Merge". https://variety.com/2022/biz/asia/tving-seezn-merger-korea-streaming-1235318635/. 
  17. ↑ "TVING and Seezn may merge as Netflix trounces market". July 13, 2022. https://koreajoongangdaily.joins.com/2022/07/13/business/tech/Korea-OTT-streaming-service/20220713183757298.html. 
  18. ↑ Frater, Patrick (October 31, 2022). "Korean Regulator Approves Merger of Streamers TVING and Seezn". https://variety.com/2022/biz/asia/korean-regulator-approves-merger-streamers-tving-seezn-1235419301/. 
  19. ↑ Seo, Robin (July 7, 2023). "Struggling Against Netflix Dominance: Korean OTT Platforms Discuss Merger for Survival". https://www.kangnamtimes.com/entertainment/article/43662/. 
  20. ↑ Yoon, ki-baek (June 29, 2023). "티빙 새 대표에 최주희 전 트렌비 CBO" (in ko). eDalily. https://n.news.naver.com/mnews/article/018/0005519492?sid=103. 

External links



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