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


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…

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