TVING

TVING

TVING

South Korean online streaming platform

TVING (Korean: 티빙) is a South Korean subscription video on-demand over-the-top streaming service operated by TVING Corporation, a joint venture of CJ ENM Entertainment Division (CJ Group), Naver and JTBC.[1][2] It is a platform that streams dramas, entertainment shows, animations, exclusive television films, specials and documentaries.[3]

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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

Main article: List of TVING original programming

Availability

  Available
  Planned
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See also

References

  1. [1]
    Lee, Jung-hyun (September 17, 2019). "지상파 이어 CJ ENM-JTBC도 OTT 출범 '맞손'" [Following terrestrial broadcasting, CJ ENM-JTBC also launched OTT 'joint hand']. Yonhap News Agency (in Korean). Archived from the original on July 17, 2021. Retrieved July 17, 2021 – via Naver.
  2. [2]
    Park, Jong-jin (October 2, 2020). "CJ ENM·티빙 분사 완료…JTBC 등과 합작 본격화" [CJ ENM, TVING spin-off completed ... full-scale collaboration with JTBC]. Electronic Newspaper (in Korean). Archived from the original on July 17, 2021. Retrieved July 17, 2021 – via Naver.
  3. [3]
    Lee, Soo-ki (May 3, 2021). "Local OTT services become more popular as Netflix stalls". Korea JoongAng Daily. Archived from the original on May 22, 2021. Retrieved May 22, 2021.
  4. [4]
    Kim, Tong-hyung (May 31, 2010). "Cable television plugged into Internet". The Korea Times. Archived from the original on July 17, 2021. Retrieved July 17, 2021.
  5. [5]
    Yoon, Sung-won (November 30, 2016). "CJ E&M pushing to revitalize internet-based broadcast platform". The Korea Times. Archived from the original on July 17, 2021. Retrieved July 17, 2021.
  6. [6]
    Hwang, Hye-jin (September 17, 2019). "JTBC, CJ ENM와 MOU 체결 "OTT 합작법인 출범"(공식)" [Signed MOU with JTBC and CJ ENM "launch of OTT joint venture"]. Newsen (in Korean). Archived from the original on July 17, 2021. Retrieved July 17, 2021 – via Naver.
  7. [7]
    Yoon, Ji-hye (October 5, 2020). "CJ ENM, 티빙 물적분할 완료" [CJ ENM completes the division of TVING]. iNews 24 (in Korean). Archived from the original on July 17, 2021. Retrieved July 17, 2021 – via Naver.
  8. [8]
    Ham, Na-yan (March 29, 2021). "[전문] 티빙, 실시간TV 무료로 못 본다 (공식)" [[Full text] TVING, real-time TV cannot be watched for free (Official)]. Sports Donga (in Korean). Archived from the original on July 7, 2021. Retrieved July 7, 2021 – via Naver.
  9. [9]
    Han, Kyung-woo (June 30, 2021). "CJ ENM "티빙, NAVER 대상 400억원 규모 3자배정 유상증자" [주목 e공시]" [CJ ENM "TVING, capital increase of 40 billion won for NAVER" [Notice e-disclosure]]. Hankyung News (in Korean). Archived from the original on July 17, 2021. Retrieved July 17, 2021 – via Naver.
  10. [10]
    Frater, Patrick (July 1, 2021). "Korea's Naver Expands Investment in CJ ENM Streamer TVING". Variety. Archived from the original on July 2, 2021. Retrieved July 17, 2021.
  11. [11]
    Kim, Bo-ram (October 18, 2021). "TVING plans to launch service in Japan, Taiwan next year, in U.S. in 2023". Yonhap News Agency. Archived from the original on December 1, 2022. Retrieved March 10, 2023.
  12. [12]
    Lee, Jian (May 24, 2022). "Paramount+ to launch in Korea next month in partnership with TVING". Korea Joongang Daily. Archived from the original on May 24, 2022. Retrieved May 24, 2022.
  13. [13]
    "ViacomCBS and CJ ENM Ink Global Content Pact, Will Launch Paramount Plus in South Korea". Variety. December 7, 2021. Archived from the original on April 30, 2022. Retrieved December 8, 2021.
  14. [14]
    Ravindran, Manori (February 15, 2022). "'Sexy Beast' Prequel Among Offerings in Paramount Plus International Scripted Slate (EXCLUSIVE)". Variety. Archived from the original on March 24, 2022. Retrieved February 15, 2022.
  15. [15]
    "TVING and Seezn will merge to form Korea's largest streaming service". Korea JoongAng Daily. July 14, 2022. Archived from the original on July 14, 2022. Retrieved July 14, 2022.
  16. [16]
    Frater, Patrick (July 17, 2022). "TVING and Seezn Korean Streaming Platforms to Merge". Variety. Archived from the original on July 21, 2022. Retrieved July 19, 2022.
  17. [17]
    "TVING and Seezn may merge as Netflix trounces market". Korea JoongAng Daily. July 13, 2022. Archived from the original on July 18, 2022. Retrieved July 13, 2022.
  18. [18]
    Frater, Patrick (October 31, 2022). "Korean Regulator Approves Merger of Streamers TVING and Seezn". Variety. Archived from the original on November 10, 2022. Retrieved November 3, 2022.
  19. [19]
    Seo, Robin (July 7, 2023). "Struggling Against Netflix Dominance: Korean OTT Platforms Discuss Merger for Survival". Gangnam Times. Retrieved July 8, 2023.
  20. [20]
    Yoon, ki-baek (June 29, 2023). "티빙 새 대표에 최주희 전 트렌비 CBO" [Choi Joo-hee, former CBO of Trenvi, appointed as new representative of Tiving]. eDalily (in Korean) – via Naver.
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