BROADCASTING VS. STREAMING EVOLUTION: HOW TRADITIONAL MEDIA AND NEW STREAMING GIANTS INNOVATE

Broadcasting vs. Streaming Evolution: How Traditional Media and New Streaming Giants Innovate

Broadcasting vs. Streaming Evolution: How Traditional Media and New Streaming Giants Innovate

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Terrestrial dramas have long been established as popular TV programs, produced and broadcast through terrestrial broadcasting stations. In contrast, streaming services are internet-based streaming platforms, with Netflix, regional streaming services, and domestic platforms being representative examples. As audience preferences evolve, competition between network-produced series and OTT services has become fierce. Consequently, each platform is developing original productions and employing distinct strategies to stay ahead.

Differentiation Strategies of Terrestrial Dramas

Terrestrial broadcast series focus on providing stories with widespread popularity while maintaining time-honored formats. In particular, they actively highlight renowned leads to attract audience interest and produce television series that appeal to a 후후티비 우회 broad spectrum of viewers, thereby securing a broad viewer base. Additionally, leveraging their historical credibility and network legacy, they continue to present familiar content, ensuring reliable audience numbers. This allows audiences to have multiple options to engage with long-standing formats through various distribution channels.

Differentiation Strategies of OTT Services

OTT providers are expanding their subscriber base by employing tactics distinct from legacy media. Firstly, they actively incorporate emerging trends and innovative storytelling, prioritizing artistic direction and cinematic quality over mass appeal. Secondly, they offer tailored content that meets the needs of specific interests, targeting niche audiences. Lastly, they focus on producing international releases aimed at the global market, allowing them to attract subscribers not only within their region but also on a global scale. Through these approaches, OTT services are building industry dominance in ways distinct from legacy channels.

Competition and Collaboration Between Platforms

As major TV networks increasingly enter the streaming space, competition has escalated. For instance, one of Korea’s leading networks and MBC operate their own OTT services, 'KBS Streaming Hub' and 'wavve', respectively, providing their existing produced series on online services. This strategy helps preserve the market presence of legacy networks while attracting new viewership. Meanwhile, the rise of new media services is changing consumer behavior towards more flexible viewing options.

Conversely, streaming providers are also expanding their dominance by partnering with terrestrial broadcasters. Netflix has gained a global following with Hallyu series like the breakout survival thriller and the supernatural dystopian sensation, leveraging the storytelling expertise of traditional industry leaders. This collaboration helps both parties complement each other’s strengths, fostering a more dynamic industry. As a result, the lines between terrestrial and digital platforms continue to fade.

Ultimately, legacy TV series and OTT services are both rivaling each other and working together through their respective differentiation strategies. network-produced content maintain established storytelling and broad accessibility, whereas digital platforms provide bold and globally targeted content. As synergy and integration between these platforms continue to develop, audiences can expect a more diverse and enriched content environment in the future.

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