BROADCASTING VS. DIGITAL TRANSITION: HOW TRADITIONAL MEDIA AND OTT PLATFORMS ADAPT TO CHANGE

Broadcasting vs. Digital Transition: How Traditional Media and OTT Platforms Adapt to Change

Broadcasting vs. Digital Transition: How Traditional Media and OTT Platforms Adapt to Change

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Terrestrial dramas have long been established as mainstream TV programs, produced and broadcast through major network broadcasting stations. In contrast, streaming services are internet-based streaming platforms, 후후티비 새주소 with Netflix, regional streaming services, and domestic platforms being leading competitors. As audience preferences evolve, competition between network-produced series and digital streaming platforms has heightened. Consequently, each platform is producing unique content and employing adaptive strategies to maintain relevance.

Differentiation Strategies of Terrestrial Dramas

Terrestrial dramas focus on providing productions with widespread popularity while maintaining traditional storytelling methods. In particular, they actively highlight celebrity performers to increase viewer engagement and produce dramas that appeal to a broad spectrum of viewers, thereby securing a consistent fanbase. Additionally, leveraging their long broadcasting experience and brand trust, they continue to deliver time-tested formulas, ensuring reliable audience numbers. This allows audiences to have multiple options to engage with traditional content through various platforms.

Differentiation Strategies of OTT Services

OTT providers are expanding their market by employing strategies distinct from network-based television. Firstly, they actively incorporate emerging trends and innovative storytelling, prioritizing artistic direction and artistry over broad popularity. Secondly, they offer personalized selections that caters to individual tastes, targeting niche audiences. Lastly, they focus on producing globally accessible media aimed at the global market, allowing them to secure viewers not only domestically but also internationally. Through these strategies, OTT services are strengthening their competitiveness in ways different from legacy channels.

Competition and Collaboration Between Platforms

As legacy media companies increasingly enter the digital entertainment industry, competition has escalated. For instance, one of Korea’s leading networks and MBC operate their own OTT services, 'KBSon' and 'wavve', respectively, making available their existing broadcast content on digital platforms. This effort helps preserve the market presence of legacy networks while expanding their digital reach. Meanwhile, the growth of new media services is changing consumer behavior towards more flexible viewing options.

Conversely, digital platforms are also solidifying their influence by partnering with legacy content producers. Netflix has gained a global following with Hallyu series like the breakout survival thriller and the supernatural dystopian sensation, leveraging the storytelling expertise of Korean TV networks. This synergy helps both parties maximize their potential, fostering a richer content environment. As a result, the lines between terrestrial and digital platforms continue to fade.

Ultimately, legacy TV series and OTT services are both competing and working together through their respective unique approaches. Terrestrial dramas maintain traditional genres and general audience focus, whereas OTT services provide experimental and cross-border content. As strategic partnerships and merging between these platforms continue to grow, audiences can expect a wider-ranging and enhanced entertainment experience in the future.

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