KT Alpha signs business agreement with Caliburs to expand content distribution
Metaverse Services and New Business Development
KT Alpha announced on the 5th that it has signed a Memorandum of Understanding (MOU) with Caliburs to develop metaverse services and discover new business opportunities using video content.
Through this agreement, KT Alpha will actively cooperate to supply, operate, and utilize video content within the metaverse platform being built by Caliburs. They plan to debut various genres of K-content, including movies and K-POP performance videos, in the metaverse. Both companies pledged to collaborate in discovering new business models based on the utilization of video content.
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A KT Alpha representative stated, “As the metaverse approaches various everyday activities such as e-commerce, education, and healthcare, existing video content can become a crucial element in constructing metaverse platforms,” adding, “KT Alpha’s content distribution scope will expand beyond existing IPTV and domestic and international OTT platforms to encompass three-dimensional virtual reality.”
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