What Motivates Netflix to Spend $2.5 Billion on South Korean Films Considering the success of films like Parasites, and Squid Game, and sing...
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What Motivates Netflix to Spend $2.5 Billion on South Korean Films
Considering the success of films like Parasites, and Squid Game, and singers like BTS, Korean movies and their songs have recently become more well-known worldwide.
Netflix, an online video streaming service, has revealed its intention to invest $2,5 billion in making South Korean movies.
Ted Sarandos, the CEO of Netflix, announced this on Monday following a meeting with Yoon Suk-year, the president of South Korea.
Yoon is in the United States for six days.
We took this action because we believe the South Korean film business has great news, according to the statement. in a statement, Sarandos.
Yoon called the announcement a "huge opportunity" for Netflix's platform and content producers.
In recent years, with the help of films like Parasites and artists like BTS, Korean films and music have become increasingly well-known.
The most-watched movie in 2021, which inspired more than 1.6 million people to reflect, is "Squid Game," which depicts the tale of a perilous rivalry between people in debt.