DramaFever, CJ E&M in drama copro pact

K-drama-focused OTT service DramaFever is entering into an agreement with Asian content group CJ Entertainment & Media to coproduce dramas for a global audience. CJ E&M’s drama subsidiary, Studio Dragon, has signed a memorandum of understanding with Warner Bros.-owned DramaFever to create Korean dramas. This will lead to the development and production of two originals […]

NextVR raises $80m funding round

Virtual reality broadcast specialist NextVR has raised US$80 million in Series B funding, which it said will help to expand its global footprint. With the new financing, NextVR said that it will accelerate development of its virtual reality platform and international operations. The company, which specialises in streaming live VR content, said that it plans to […]

Warner Bros. buys DramaFever SVOD service

Warner Bros. has acquired DramaFever, the US-based SVOD service that specialises in South Korean TV and movie content. It is the second ownership change for DramaFever in recent times, after SoftBank bought it in late 2014 for US$100 million. The Japanese telco has now offloaded the SVOD service to Warner Bros. for an undisclosed. DramaFever […]

DramaFever gets first fully-owned original

Korean entertainment platform DramaFever has gone deeper into the original production game. The free and subscription VOD service has commissioned a documentary charting the US tour of a major Korean pop band, Bigbang. Bigbang: Made 2015 Concert debuts on November 11 and marks the first fully-original programme for DramaFever, which has previously coproduced drama series […]

Netflix links with SoftBank, plans originals

Subscriptions to streaming service Netflix will be sold through telecommunications firm SoftBank when it launches in Japan on September 2. A deal with the mobile phone provider will allow customers to purchase Netflix subscriptions through SoftBank shops, major electronics outlets, the SoftBank website and call centres. Additionally, SoftBank will begin pre-installing Netflix on its smartphone […]

AMC tests SVOD horror site Shudder

AMC and DramaFever are now in the beta testing phase for their new joint venture project – a subscription horror site called Shudder. Speaking to TBI’s sister publication DTVE yesterday, DramaFever’s head of marketing Yale Wang confirmed the trials and said that the site would primarily feature horror movies rather than TV content. He added […]

DreamWorks Animation cutting 20% of staff

DreamWorks Animation is cutting 500 jobs, a move expected to cost Jeffrey Katzenberg’s company US$290 million. As part of plan to significantly reduce the cost of its core animated feature films output, jobs will go across all divisions. DreamWorks said the cuts would result in pre-tax annualised savings of US$30 million in 2015 and as […]

DreamWorks, Hasbro merger off

DreamWorks Animation and toy giant Hasbro will not be merging at this stage, according to US reports. Hasbro’s share price nosedived more than $3 upon news it was in talks to acquire DreamWorks shares at US$35 each in order to create a merged entity, DreamWorks Hasbro, Deadline reported. Jeffrey Katzenberg’s DreamWorks – behind TV shows […]

SoftBank launches OTT service

Japanese internet giant SoftBank has launched an OTT pay service for Japan’s smartphone and tablet owners. BBTV Next went live today offering subscribers the choice of three channels, including nets from Disney and BBC World News, out of a line-up of 12 for ¥1,058 (US$9.11) a month. SoftBank subsidiary TV Bank is operating the service, […]

SoftBank buys VOD site DramaFever

Japanese telco SoftBank has agreed to buy US-based DramaFever, a streaming site that offers on-demand access to Asian and Latino drama. Founded in 2009, DramaFever initially focused on offering Korean dramas with English subtitles, later branching out into telenovelas. SoftBank has been aggressively pushing into content after cash freed up from the IPO of China’s […]