Korea Telecom expands into media business
2007/12/04 18:56The Korea Times has an article on the recent moves by Korea Telecom's to acquire media companies (movie, television and video game production).
KT is the dominant telephone and broadband Internet provider in Korea and has enjoyed stable profits from the two businesses over the past decade. But over the past years, it has been injecting more money into the entertainment and new media sectors as worries grow over the business' outlook. KT and its subsidiary KTF have bought majority shares in Sidus, a movie studio and Olive9e, a TV drama production.
The article mentions that SK Telecom is taking on a similar route that Chang also recently discussed on his blog.
Meanwhile, Information Week has a blog post about results from a new study out of Nokia looking at the next wave of user created content:
Nokia's recent study, entitled "A Glimpse of the Next Episode," carried out by The Future Laboratory, interviewed trend-setting consumers from 17 countries about their digital behaviors and lifestyles signposting emerging entertainment trends. Combining views from industry leading figures with Nokia's own research from its 900 million consumers around the world, Nokia has constructed a global picture of what it believes entertainment will look like over the next five years.You can read the full press release from Nokia here.
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