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MBC, SBS and KBS join hands with SK Telecom

In an apparent bid to check the growing influence of Netflix, the world’s top over-the-top (OTT) media company, three major South Korean broadcasters — MBC, SBS and KBS — joined hands with SK Telecom, the country’s top mobile carrier, to combine their OTT services.

OTT services deliver film or TV drama content over the internet. Video-on-demand (VOD) services are popular in South Korea, where some 37 million smartphone users are hooked onto super-fast networks 24 hours a day. 
POOQ, a joint venture OTT service of the top three broadcasters, has about 3.7 million users, including 700,000 subscribers. Oksusu, an OTT service operated by SK Telecom, has about 9.5 million users, including nine million subscribers.