TVING partners with LGU+ following KT... No plans to raise subscription fees

[Asia Economy Reporter Lim Hye-seon] Online video service (OTT) TVING has partnered with LG Uplus following KT.

Yang Ji-eul, CEO of TVING (pictured), stated at the 'Paramount+ Brand Hall' opening media day event on the 16th, "We have confirmed strategic partnerships not only with KT but also with LG Uplus," adding, "We plan to allow customers of both KT and LG Uplus to use TVING and Paramount+." Earlier in March, KT and CJ ENM signed a memorandum of understanding for content business cooperation. Subsequently, KT announced that it will launch TVING services next month for customers using the 5G Choice plan.

CEO Yang explained, "We expect LG Uplus customers to use our services under conditions similar to those of KT customers." Specific partnership details will be disclosed after consultations with the telecom companies.

There are voices suggesting that TVING formed partnerships with KT and LG Uplus, excluding SK Telecom, to counter Wave. Regarding this, CEO Yang said, "We do not consider Wave as a competitor but as a partner to jointly grow the Korean OTT market," adding, "Rather than competing, we hope you see us as striving to receive more love from more customers."

Regarding plans to raise TVING's subscription fees, she said, "There are no plans to increase prices for the time being."

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