Jakarta, CNBC Indonesia – Netflix formally introduced that it will spend US$ 2.5 billion or round Rp. 37.3 trillion (assuming an change charge of Rp. 14,930 per US$) for content material, aka movies and dramas in South Korea (South Korea).
In line with Al Jazeera’s report, Netflix did this as a result of the recognition of South Korean tradition on the planet has elevated sharply. Netflix CEO Ted Sarandos mentioned the funding displays Netflix’s perception that artistic trade creators in South Korea will proceed to inform nice tales.
“We made this choice as a result of we firmly consider that Korea’s artistic trade will proceed to inform nice tales,” Sarandos mentioned in an announcement, quoted Tuesday (25/4/2023).
Sarandos introduced this after South Korean President Yoon Suk-yeol visited the US (US) for six days. Listening to this announcement, Yoon additionally gave reward by mentioning that this could possibly be a terrific alternative for Korean creators and Netflix.
As is understood, South Korean movies and music have gained world fame lately. In actual fact, the movie Parasite gained 4 Oscar classes in 2020. That is in step with the skyrocketing success of Ok-Pop artists, corresponding to BTS and BLACKPINK.
One of many Netflix collection, Squid Recreation has additionally strengthened its place as probably the most watched collection of all time after its launch in 2021, specifically greater than 1.6 billion instances.
Not solely Parasite and Squid Recreation, lately, The Glory and Bodily: 100 have additionally been ranked as the preferred collection on Netflix.
In line with Netflix data, round six out of ten Netflix viewers watched packages produced by South Korea in 2022.
“It is nice that the love for Korean exhibits has led to wider curiosity in Korea, due to the fascinating tales of Korean creators,” mentioned Sarandos.
In line with information from the South Korean authorities, South Korean cultural exports, corresponding to music, video video games and movies, reached a document excessive in 2021, specifically US$ 12.4 billion or round Rp. 185.1 trillion.
Indonesian Movies Wish to Struggle the Domination of Korean Dramas, Can They?