BROADCASTING VS. STREAMING EVOLUTION: HOW LEGACY NETWORKS AND DIGITAL BROADCASTERS REDEFINE THE MARKET

Broadcasting vs. Streaming Evolution: How Legacy Networks and Digital Broadcasters Redefine the Market

Broadcasting vs. Streaming Evolution: How Legacy Networks and Digital Broadcasters Redefine the Market

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Terrestrial dramas have long been established as widely recognized TV programs, produced and broadcast through major network broadcasting stations. In contrast, streaming services are internet-based streaming platforms, with global streaming giants, regional streaming services, and domestic platforms being leading competitors. As media consumption habits evolve, competition between network-produced series and OTT services has intensified. Consequently, each platform is creating unique content and employing differentiated strategies to maintain relevance.

Differentiation Strategies of Terrestrial Dramas

Terrestrial dramas focus on providing content with widespread popularity while maintaining time-honored formats. In particular, they actively cast celebrity performers to attract audience interest and produce dramas that appeal to a broad spectrum of viewers, thereby securing a consistent fanbase. Additionally, leveraging 후후티비2 their decades of industry presence and established reputation, they continue to deliver time-tested formulas, ensuring stable viewership ratings. This allows audiences to find more ways to engage with network television through various distribution channels.

Differentiation Strategies of OTT Services

OTT services are expanding their influence by employing tactics distinct from network-based television. Firstly, they actively incorporate new genres and experimental formats, prioritizing originality and cinematic quality over broad popularity. Secondly, they offer customized programming that meets the needs of specific interests, targeting unique fan bases. Lastly, they focus on producing multinational content aimed at the worldwide audience, allowing them to grow their fanbase not only within their region but also internationally. Through these methods, OTT platforms are building industry dominance in ways different from conventional TV networks.

Competition and Collaboration Between Platforms

As major TV networks increasingly penetrate the streaming space, competition has escalated. For instance, KBS and a long-established broadcaster operate their own streaming platforms, 'KBS Streaming Hub' and 'wavve', respectively, distributing their existing broadcast content on online services. This effort helps maintain the influence of established TV channels while engaging modern audiences. Meanwhile, the emergence of alternative digital platforms is changing consumer behavior towards more flexible viewing options.

Conversely, OTT services are also solidifying their influence by collaborating with legacy content producers. Netflix has gained a global following with K-content hits like the breakout survival thriller and the supernatural dystopian sensation, leveraging the storytelling expertise of terrestrial broadcasters. This synergy helps both parties maximize their potential, fostering a more dynamic industry. As a result, the lines between terrestrial and digital platforms continue to blur.

Ultimately, terrestrial dramas and OTT services are both competing and seeking collaboration through their respective market tactics. network-produced content maintain classic formats and general audience focus, whereas OTT services provide experimental and internationally appealing content. As strategic partnerships and merging between these platforms continue to develop, audiences can expect a richer and enhanced media landscape in the future.

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