by Josh Doyle

It would be a great plot for a drama series – a band of put-upon underdogs putting aside their differences to take on an invading giant. But it’s happening for real in South Korea, where local broadcasters are joining hands in an effort to defend their home market against American tech titans such as Netflix.

South Korea’s largest broadcasting firms, Seoul Broadcasting System (SBS), Munhwa Broadcasting Corporation (MBC) and Korean Broadcasting System (KBS), are banding together with SK Telecom to create their own answer to the American streaming service. The four firms signed a memorandum of understanding last week, agreeing to launch this year what will become the country’s largest home-grown video streaming service, which is as yet unnamed…

Reblogged from the South China Morning Post

Image courtesy of Netflix