BROADCASTING VS. STREAMING EVOLUTION: HOW TRADITIONAL MEDIA AND OTT PLATFORMS REDEFINE THE MARKET

Broadcasting vs. Streaming Evolution: How Traditional Media and OTT Platforms Redefine the Market

Broadcasting vs. Streaming Evolution: How Traditional Media and OTT Platforms Redefine the Market

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Terrestrial dramas have long been established as popular TV programs, produced and broadcast through terrestrial broadcasting stations. In contrast, Over-the-Top (OTT) services are digitally distributed streaming platforms, with global streaming giants, Watcha, and domestic platforms being leading competitors. As audience preferences evolve, competition between terrestrial dramas and OTT services has become fierce. Consequently, each platform is developing exclusive releases and employing distinct strategies to maintain relevance.

Differentiation Strategies of Terrestrial Dramas

Terrestrial broadcast series focus on providing content with broad audience reach while maintaining traditional storytelling methods. In particular, they actively cast renowned leads to increase viewer engagement and produce television series that resonate with a wide range of age groups, thereby securing a loyal audience. Additionally, leveraging their long broadcasting experience and network legacy, they continue to offer traditional stories, ensuring stable viewership ratings. This allows audiences to find more ways to engage with long-standing formats through various mediums.

Differentiation Strategies of OTT Services

OTT services are expanding their influence by employing approaches distinct from legacy media. Firstly, they actively adopt emerging trends and experimental formats, prioritizing originality and narrative depth over mainstream success. Secondly, they offer tailored content that caters to individual tastes, targeting unique fan bases. Lastly, they focus on producing international releases aimed at the expanding international scene, allowing them to attract subscribers not only within their region but also internationally. Through these methods, OTT services are building industry dominance in ways distinct from conventional TV networks.

Competition and Collaboration Between Platforms

As major TV networks increasingly enter the digital entertainment industry, competition has escalated. For instance, one of Korea’s leading networks and MBC operate their own streaming platforms, 'KBSon' and 'wavve', respectively, providing their existing TV shows on internet-based distribution channels. This initiative helps sustain the relevance of established TV channels while engaging modern audiences. Meanwhile, the growth of new media services is changing consumer behavior towards more flexible viewing options.

Conversely, streaming providers are also enhancing their competitiveness by collaborating with legacy content producers. Netflix has gained massive international recognition with Hallyu series like the breakout survival thriller and the supernatural dystopian sensation, leveraging the high-quality filming standards of terrestrial broadcasters. This strategic alliance helps both parties complement each other’s strengths, fostering a richer content environment. As a result, the distinction between traditional and modern media continue to fade.

Ultimately, terrestrial dramas and streaming platforms are both fighting for dominance and working together through their respective market 후후티비2 tactics. network-produced content maintain classic formats and broad accessibility, whereas OTT services provide genre-defying and internationally appealing content. As strategic partnerships and integration between these platforms continue to grow, audiences can expect a richer and enhanced content environment in the future.

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