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 broadcast series have long been established as popular TV shows, produced and broadcast through traditional broadcasting stations. In contrast, online services are internet-based streaming platforms, with Netflix, Watcha, and Wavve being representative examples. As audience preferences evolve, competition between network-produced series and OTT services has intensified. Consequently, each platform is producing original productions and employing adaptive strategies to strengthen its competitiveness.

Differentiation Strategies of Terrestrial Dramas

Terrestrial dramas focus on providing stories with high mass appeal while maintaining traditional storytelling methods. In particular, they actively cast star actors to boost ratings and produce dramas that capture the interest of a broad spectrum of viewers, thereby securing a loyal audience. Additionally, leveraging their decades of industry presence and established reputation, they continue to present familiar content, ensuring stable viewership ratings. This allows audiences to have multiple options to engage with traditional content through various distribution channels.

Differentiation Strategies of OTT Services

OTT platforms are expanding their influence by employing tactics distinct from traditional terrestrial broadcasting. Firstly, they actively adopt new genres and experimental formats, prioritizing creative risk-taking and cinematic quality over mass appeal. Secondly, they provide customized programming that caters to niche preferences, targeting niche audiences. Lastly, they focus on producing international releases aimed at the global market, allowing them to grow their fanbase not only in their home country but also on a global scale. Through these methods, OTT platforms are strengthening their competitiveness in ways distinct from legacy channels.

Competition and Collaboration Between Platforms

As terrestrial broadcasters increasingly expand into the streaming space, competition has become fierce. For instance, one of Korea’s leading networks and MBC operate their own OTT services, 'KBS Streaming Hub' and 'wavve', respectively, distributing their existing produced series on online services. This initiative helps maintain the influence of established TV channels while engaging modern audiences. Meanwhile, the growth of competing streaming networks is changing consumer behavior towards more on-demand entertainment.

Conversely, digital platforms are also solidifying their influence by collaborating with legacy content producers. Netflix has gained massive international recognition with Hallyu series like the breakout survival thriller and 'Hellbound', leveraging the high-quality filming standards of traditional industry leaders. This collaboration helps both parties complement each other’s strengths, fostering a diverse storytelling landscape. As a result, the distinction between 후후티비 최신 traditional and modern media continue to become less defined.

Ultimately, legacy TV series and streaming platforms are both competing and working together through their respective market tactics. network-produced content maintain traditional genres and general audience focus, whereas digital platforms provide experimental and cross-border content. As collaboration and cooperation between these platforms continue to expand, audiences can expect a richer and enriched content environment in the future.

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