[Concall] LG Uplus "Disney+ Partnership Plan to Be Released Soon... Securing OTT Superiority"

[Asia Economy Reporter Seulgina Jo] LG Uplus stated during its Q3 earnings conference call on the 5th that it has signed an exclusive partnership with Disney Plus (Disney+) not only for mobile but also for IPTV. They explained, "The significance of this partnership lies in securing a customer preference advantage for OTT services."

LG Uplus said, "We are preparing partnership plans and programs with Disney+," adding, "We will provide detailed information in a separate session next week." They also expressed expectations for future synergy, stating, "Since we can offer differentiated pricing and programs compared to competitors, it will fundamentally have a positive impact on the growth of mobile and IPTV."

Regarding media strategy direction, they said, "OTT services will follow an open platform strategy, continuously providing high-quality content through partnerships with various domestic and international operators," and added, "We will add new original content in areas where we have strengths such as kids, family, and idols, and expand into commercial areas like advertising and commerce."

For in-house content production, the plan is to focus on creating original content aimed at strengthening existing fandoms and service platform competitiveness rather than large-scale productions involving significant investments such as movies.

Additionally, in response to concerns that demands for telecom fee reductions and various regulations may continue, especially from the political sector ahead of next year’s presidential election season, LG Uplus stated, "We have been striving to offer reasonable plans segmented by customer groups to provide diverse choices and will continue to do so," and added, "We will also work closely with the government to ensure smooth progress on these matters."

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