Netflix unveils South Korean series "Hierarchy" set in high school

From Markets Insider: 2024-05-28 10:41:00

Netflix released the trailer for “Hierarchy,” a series set in Jooshin High School where hidden secrets and scandals unravel after a student’s death. The powerful duo of Jung Jae-i and Kim Ri-an is challenged by scholarship student Kang Ha, leading to a clash that disrupts the school’s social order. The series premieres on Jun 7.

In South Korea’s video-on-demand market, Netflix faces competition from players like Tubi, Wavve, Disney, and YouTube. With the market expected to reach $3.237 billion by 2027, fueled by local content production and global demand for Korean dramas, companies are investing in original content and partnerships to capture a share of the market. Netflix is expected to boost APAC revenues with upcoming Korean titles.

Zacks reports Netflix’s shares have gained 32.8% year to date, outperforming the Consumer Discretionary sector’s 3.1% decline. The company’s success is attributed to its content, driving growth and investor confidence in the stock. With a Strong Buy rating from Zacks, Netflix remains a frontrunner in the streaming industry, poised for further expansion and success.



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