"NEW, A Portfolio That Inevitably Benefits from OTT"

[Asia Economy Reporter Park Hyungsoo] Heungkuk Securities analyzed on the 31st that NEW has a portfolio that inevitably benefits from over-the-top (OTT) internet video services.

Researcher Jo Taena of Heungkuk Securities stated, "NEW has a portfolio that inevitably benefits fully from OTT, which tightly secures content supply," and predicted, "OTT will continue to tightly manage the supply of unreleased and new movies this year."

He added, "Netflix also announced that it will release more than one new movie every week this year," and "due to the industry changes led by OTT, the proportion of overseas rights in NEW's film business sales is expected to increase from 6% in 2019 to 45% this year."

He further emphasized, "Film investment and distribution are shifting from a hit-driven industry to a safe margin business," and "starting with the sale of the Netflix content 'Call' in the fourth quarter of last year, we expect an increase in overseas rights sales for OTT."

Researcher Jo also said, "We expect drama sales to OTT as well," and analyzed, "The largest work in the lineup is 'Moving,' originally written by author Kang Full."

He added, "The production cost is around 50 billion KRW, and it is a work that inevitably expects sales to OTT," and "In addition to Moving, 'Melmang' and 'The Devil Judge' are scheduled to be broadcast on tvN."

This content was produced with the assistance of AI translation services.