BROADCASTING VS. STREAMING EVOLUTION: HOW TRADITIONAL MEDIA AND OTT PLATFORMS ADAPT TO CHANGE

Broadcasting vs. Streaming Evolution: How Traditional Media and OTT Platforms Adapt to Change

Broadcasting vs. Streaming Evolution: How Traditional Media and OTT Platforms Adapt to Change

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Terrestrial broadcast series have long been established as widely recognized TV programs, produced and broadcast through major network broadcasting stations. In contrast, Over-the-Top (OTT) services are internet-based streaming platforms, with Netflix, Watcha, and domestic platforms being leading competitors. As viewing trends evolve, competition between terrestrial dramas and digital streaming platforms has become fierce. Consequently, each platform is producing unique content and employing distinct strategies to stay ahead.

Differentiation Strategies of Terrestrial Dramas

Terrestrial broadcast series focus on providing content with broad audience reach while maintaining traditional storytelling 후후티비 methods. In particular, they actively feature star actors to increase viewer engagement and produce television series that resonate with a broad spectrum of viewers, thereby securing a loyal audience. Additionally, leveraging their historical credibility and network legacy, they continue to deliver time-tested formulas, ensuring stable viewership ratings. This allows audiences to explore different channels to engage with traditional content through various platforms.

Differentiation Strategies of OTT Services

OTT services are expanding their market by employing tactics distinct from network-based television. Firstly, they actively adopt emerging trends and experimental formats, prioritizing artistic direction and narrative depth over mass appeal. Secondly, they provide personalized selections that caters to niche preferences, targeting specialized demographics. Lastly, they focus on producing multinational content aimed at the global market, allowing them to attract subscribers not only in their home country but also internationally. Through these strategies, OTT platforms are building industry dominance in ways unlike legacy channels.

Competition and Collaboration Between Platforms

As legacy media companies increasingly expand into the streaming space, competition has escalated. For instance, one of Korea’s leading networks and a long-established broadcaster operate their own OTT services, 'KBSon' and 'MBC Digital', respectively, providing their existing broadcast content on online services. This strategy helps maintain the influence of traditional broadcasting platforms while expanding their digital reach. Meanwhile, the growth of competing streaming networks is shifting audience preferences towards more on-demand entertainment.

Conversely, digital platforms are also solidifying their influence by working alongside terrestrial broadcasters. Netflix has gained massive international recognition with Korean dramas like 'Squid Game' and the supernatural dystopian sensation, leveraging the high-quality filming standards of Korean TV networks. This synergy helps both parties maximize their potential, fostering a more dynamic industry. As a result, the lines between terrestrial and digital platforms continue to blur.

Ultimately, terrestrial dramas and streaming platforms are both rivaling each other and finding common ground through their respective market tactics. network-produced content maintain classic formats and mass appeal, whereas digital platforms provide experimental and cross-border content. As collaboration and cooperation between these platforms continue to develop, audiences can expect a wider-ranging and elevated media landscape in the future.

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