US Edition9 Articles
9 Articles
The Korea Times
Antitrust watchdog conditionally approves Tving-Wavve merger
Korea's antitrust regulator said Tuesday it has conditionally approved the merger of streaming platforms, Tving and Wavve, requiring the two local companies to maintain their current subscription pric...
[Digital Daily Reporter Kang So-hyun] The Fair Trade Commission (hereinafter referred to as the ‘FTC’) announced on the 10th that there is concern that the corporate combination report in which executives and employees of CJ ENM and Tving concurrently hold executive positions at Wavve may limit competition in the online video service (OTT). CJ ENM and Tving signed an agreement with Wavve in November of last year to designate five of Wavve’s eig…
Tving–Wavve Merger: What Korea’s 18-Month OTT Price Freeze Really Means
When South Korea’s Fair Trade Commission (KFTC) conditionally approved the merger between domestic streaming platforms Tving and Wavve, it wrapped the decision in consumer-first language. The deal, it said, could proceed only under one key constraint: all subscription prices — old and new — must remain frozen through December 31, 2026.At first glance, the move appears protective, even progressive. By capping rates for 18 months, the regulator so…
The merger between Tving and Wave was conditionally approved. However, the two companies must maintain the rate system until 2026, as the merger could lead to an increase in OTT subscription fees. The Fair Trade Commission said that CJ ENM and Tving executives concurrently serve as executives of Content Wave.
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