From Nasdaq: 2024-06-20 09:09:00

Netflix’s stock has surged 40.8% this year, beating the Consumer Discretionary sector. Collaborating with director Yeon Sang-ho and writer Choi Gyu-seok, Netflix plans to adapt the comic series Revelations, promising a captivating narrative exploring themes of religion and humanity. Alfonso Cuarón joins as an executive producer for this thought-provoking film.

Facing competition in South Korea’s video-on-demand market, Netflix must innovate to maintain its market dominance. Disney+ emerged as a strong competitor with two million subscribers in South Korea. Despite competition, Netflix and Tving remain popular in the market. Upcoming Korean content like You Have Done Well and Agents of Mystery are expected to drive subscriber growth.

South Korea’s video-on-demand market continues to grow, with over 19 million subscribers. Disney+ has made significant strides in the market, leveraging its popular content library. Tubi and YouTube are also active players in the market. Netflix’s upcoming Korean content is expected to boost its APAC revenues, with a projected 12.7% year-over-year growth in 2024.



Read more at Nasdaq: Netflix’s (NFLX) Growing Korean Content to Aid APAC Revenues