S. KOREAN VIDEO STREAMING COMPANY WAVVE TO INVEST $882.7 BILLION IN CONTENT

Highlights –

• S. Korean video streaming company Wavve to invest $882.7 billion in content.
• Wavve will enter in a JV with SK Telecom, KBS, MBC, and SBS to produce original content.
• SK Telecom will invest in the JV by issuing 100 billion...

NETFLIX INC. IN JAPAN RAISED ITS SUBSCRIPTION FEES FOR TWO PLANS

Highlights –

• Netflix Inc. in Japan raised its subscription fees for two plans.
• The streaming company increased the fees by about 13%.
• In the summer of 2020, Netflix reported 5 million subscribers in Japan alone.
• The new sub...

Sony expected to buy shares in Indian TV network

Sony Corp. is in discussions to purchase a stake in the Indian Television network governed by billionaire Mukesh Ambani as the Japanese giant aims to tap flourishing content demand in the Southeast Asian nation, as per people familiar with the situation.

The Tokyo-based company is curre...