Entertainment giant Warner Bros has agreed to buy DramaFever – a US-based streaming and on-demand service with a focus on Korean content. The move comes as the Time Warner company seeks to appeal to a wider, younger audience via streaming and other digital services.

Warner Bros is buying DramaFever from Japan’s Softbank, which bought the firm in 2014. The service is currently available in 20 countries.

“Warner Bros is truly the ideal home for us,” commented chief executive and co-founder of DramaFever, Seung Bak.

Other posts by :

1. Turkey establishes satellite production ecosystem
2. Italy joins Germany in IRIS2 alternate thoughts
3. Kazakhstan to create museum at Yuri Gagarin launch site
4. AST SpaceMobile gets $42 or $1500 price target
5. Analyst: GEO bloodbath taking place
6. SES AGM results: Appaloosa still objecting
7. SpaceX’s Shotwell worth $1.2bn
8. SpinLaunch’s revolutionary plan for 280 satellites
9. Consolidation impacts satellite sector

Categories: Articles, Business, M&A, VOD