BROADCASTING VS. OTT COMPETITION: HOW LEGACY NETWORKS AND OTT PLATFORMS ADAPT TO CHANGE

Broadcasting vs. OTT Competition: How Legacy Networks and OTT Platforms Adapt to Change

Broadcasting vs. OTT Competition: How Legacy Networks and OTT Platforms Adapt to Change

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Terrestrial dramas have long been established as mainstream TV shows, produced and broadcast through major network broadcasting stations. In contrast, online services are web-powered streaming platforms, with Netflix, regional streaming services, and domestic platforms being representative examples. As viewing trends evolve, competition between network-produced series and digital streaming platforms has become fierce. Consequently, each platform is developing original productions and employing differentiated strategies to strengthen its competitiveness.

Differentiation Strategies of Terrestrial Dramas

Terrestrial broadcast series focus on providing content with broad audience reach while maintaining time-honored formats. In particular, they actively highlight celebrity performers to increase viewer engagement and produce narratives that resonate with a diverse demographic, thereby securing a broad viewer base. Additionally, leveraging their long broadcasting experience and established reputation, they continue to deliver time-tested formulas, ensuring reliable audience numbers. This allows audiences to find more ways to engage with traditional content through various platforms.

Differentiation Strategies of OTT Services

OTT platforms are expanding their market by employing tactics distinct from legacy media. Firstly, they actively adopt emerging trends and unique structures, prioritizing originality and artistry over broad popularity. Secondly, they curate tailored content that aligns with niche preferences, targeting specialized demographics. Lastly, they focus on producing international releases aimed at the global market, allowing them to grow their fanbase not only within their region but also on a global scale. Through these approaches, OTT services are strengthening their competitiveness in ways different from conventional TV networks.

Competition and Collaboration Between Platforms

As major TV networks increasingly expand into the digital entertainment industry, competition has become fierce. For instance, KBS and MBC operate their own streaming platforms, 'KBSon' and 'wavve', respectively, distributing their existing produced series on digital platforms. This strategy helps sustain the relevance of legacy networks while engaging modern audiences. Meanwhile, the rise of alternative digital 후후티비 대체 platforms is changing consumer behavior towards more user-controlled content access.

Conversely, OTT services are also expanding their dominance by collaborating with terrestrial broadcasters. Netflix has gained worldwide success with Hallyu series like 'Squid Game' and 'Hellbound', leveraging the storytelling expertise of traditional industry leaders. This synergy helps both parties leverage their advantages, fostering a richer content environment. As a result, the lines between terrestrial and digital platforms continue to become less defined.

Ultimately, terrestrial dramas and streaming platforms are both competing and seeking collaboration through their respective unique approaches. Terrestrial dramas maintain traditional genres and broad accessibility, whereas OTT services provide genre-defying and internationally appealing content. As collaboration and integration between these platforms continue to develop, audiences can expect a more diverse and enhanced entertainment experience in the future.

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