Naver to invest KRW 40 billion in OTT platform Tving

Thursday 1 July 2021 | 09:03 CET | News
South Korean internet portal operator Naver has decided to invest KRW 40 billion into CJ ENM's over-the-top (OTT) service Tving. This will make Naver the second-largest shareholder of Tving with a 15 percent stake, The Korea Times reports. "Naver plans to invest in Tving. We will continue to strengthen our cooperation for the growth of Tving", said an unnamed CJ ENM representative.

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Categories: Broadcast & Satellite
Companies: Naver
Countries: Korea, Republic of
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