[Concall] KT "Disney Plus Launch, No Direct Impact on 'Season'"

[Asia Economy Reporter Cha Min-young] On the 9th, during the Q3 earnings conference call, KT announced, "KT has carried out a paid-in capital increase of 175 billion KRW in Studio Genie to create a stable content production environment," adding, "We are producing six works including 'Crime Puzzle' and will screen two of them in the second half of this year."

They continued, "We plan to produce 15 original works next year and aim to have the capacity to produce about 20 works annually by 2023," emphasizing, "By 2025, we will create 1,000 intellectual property (IP) libraries and 100 drama IPs."

They added, "Content produced by Studio Genie will be supplied not only to OTV, SkyTV, and Season but also to various online video services (OTT)," and stated, "Our priority is to establish a content production environment and create synergy within the group rather than focusing on financial performance."

Regarding concerns about the impact on Season following the launch of Disney's 'Disney Plus' service on the 12th, KT drew a clear line.

KT said, "Ahead of the launch of the Disney Plus partnership service, we are preparing partnership packages and customer promotions," adding, "We believe it is meaningful to expand customer choice and provide abundant IP from Disney Plus."

They further stated, "Since customers subscribing to OTT tend to watch content based on their preferences, we think the impact of Disney Plus on Season is not direct," and added, "We will strengthen KT's own capabilities through channel differentiation and content competitiveness centered on Season."

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