BROADCASTING VS. STREAMING EVOLUTION: HOW TRADITIONAL MEDIA AND DIGITAL BROADCASTERS REDEFINE THE MARKET

Broadcasting vs. Streaming Evolution: How Traditional Media and Digital Broadcasters Redefine the Market

Broadcasting vs. Streaming Evolution: How Traditional Media and Digital Broadcasters Redefine the Market

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Terrestrial dramas have long been established as popular TV shows, produced and broadcast through traditional broadcasting stations. In contrast, online services are digitally distributed streaming platforms, with Netflix, regional streaming services, and domestic platforms being leading competitors. As audience preferences evolve, competition between terrestrial dramas and OTT services has heightened. Consequently, each platform is developing original productions and employing adaptive strategies to strengthen its competitiveness.

Differentiation Strategies of Terrestrial Dramas

Terrestrial dramas focus on providing productions with high mass appeal while maintaining time-honored formats. In particular, they actively feature renowned leads to boost ratings and produce television series that appeal to a diverse demographic, thereby securing a loyal audience. Additionally, leveraging their long broadcasting experience and established reputation, they continue to present familiar content, ensuring stable viewership ratings. This allows audiences to have multiple options to engage with long-standing formats through various mediums.

Differentiation Strategies of OTT Services

OTT platforms are expanding their influence by employing tactics distinct from legacy media. Firstly, they actively embrace new genres and experimental formats, prioritizing artistic direction and narrative depth over mass appeal. Secondly, they offer personalized selections that caters to specific interests, targeting niche audiences. Lastly, they focus on producing multinational content aimed at the expanding international scene, allowing them to secure viewers not only domestically but also internationally. Through these methods, OTT platforms are redefining the market in ways distinct from traditional terrestrial broadcasting.

Competition and Collaboration Between Platforms

As major TV networks increasingly penetrate the digital entertainment industry, competition has escalated. For instance, one of Korea’s leading networks and a long-established broadcaster operate their own streaming platforms, 'KBSon' and 'wavve', respectively, providing their existing TV shows on internet-based distribution channels. This effort helps sustain the relevance of traditional broadcasting platforms while engaging modern audiences. Meanwhile, the rise of alternative digital platforms is 후후티비 우회 reshaping viewing habits towards more on-demand entertainment.

Conversely, digital platforms are also solidifying their influence by working alongside terrestrial broadcasters. A leading global streaming giant has gained massive international recognition with Hallyu series like 'Squid Game' and the supernatural dystopian sensation, leveraging the drama production capabilities of traditional industry leaders. This synergy helps both parties leverage their advantages, fostering a more dynamic industry. As a result, the boundaries between network TV and streaming continue to blur.

Ultimately, legacy TV series and streaming platforms are both rivaling each other and working together through their respective differentiation strategies. network-produced content maintain established storytelling and general audience focus, whereas digital platforms provide experimental and globally targeted content. As collaboration and cooperation between these platforms continue to expand, audiences can expect a more diverse and enhanced content environment in the future.

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