SoftBank Snaps Up Korean Video Site DramaFever To Increase Its Entertainment Focus

TechCrunch

Fresh from announcing a $250 million joint venture with media giant Legendary, SoftBank is increasing its focus on entertainment with an undisclosed deal to buy DramaFever, a five-year-old startup that streams global TV shows and movies online.

DramaFever, which has raised over $12 million in funding from investors that include SoftBank Ventures Korea, isn’t limited to Korean content. Its library includes 700 titles and over 15,000 episodes of global content which is made available to users worldwide using subtitles.

DramaFever has found that Korean content resonates with audiences right across the world, and that has fed in nicely to into its own roots in Korea. The company has deals with Hulu and Netflix, which are syndication partners, and claims over 70 media publishers on its roster.

“In five short years since going live, DramaFever has built an impressive internet-based streaming video business operating at scale. [Co-founders] Seung Bak and Suk Park have a…

View original post 249 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s