Wavve to Launch Streaming Service Entering European, Oceania Markets

Wavve, a leading online streaming platform in South Korea, is soon bringing its OTT services to Europe and Oceania. The company is a joint venture between SK Telecom and three of the country's biggest broadcasting companies, including KBS, SBS, and MBC.

This will be the first time the company makes its OTT streaming service available in the said territories, marking Wavve's official entrance into these markets. This comes after the OTT firm's successful landing in the United States, which allowed it to have a great following in the states, as per The Korea Economic Daily.

Wavve's Global Expansion

With the addition of Europe and the Oceania regions, Wavve now has a presence in 39 more countries, including the United Kingdom, Ireland, Australia, Portugal, Spain, New Zealand, and more. The company will not stop here, as it also plans to bring its streaming services to more nations around the world.

Wavve's plan is to extend its global service via its KOCOWA (Korean Content Wave) K-entertainment subsidiary, which is currently based in Los Angeles. The firm said on Wednesday that through KOCOWA, its K-content was available on leading streaming sites such as Google TV, Amazon Prime Video, Roku, Rakuten, Comcast Xfinity, and more. According to Pulse News, the content is playable in three languages: English, Portuguese, and Spanish.

Rates of OTT Streaming Service

Hankook Ilbo reported that Wavve's over-the-top platform also operates on Apple's iOS and Google's Android operating systems. The monthly subscription rate starts at $6.99 to $7.99, around KRW9,400 to KRW10,000.

"We are in full swing with our global business, focusing on markets with high potential where the Korean Wave is active or in the stage of expansion," Wavve's chief executive officer, Lee Tae Hyun, said. "We will collaborate with various partners at home and abroad to build a global K-content platform, which is the goal and mission of Wave's launch."

Photo by: Wavve Website