×

Netflix Strikes Content Pact With Korea’s JTBC

In the second such pact announced within a week, global streaming giant, Netflix has unveiled a multi-year program supply deal with Korean producer JTBC Content Hub.

JTBC and Netflix will co-develop and showcase JTBC’s prime-time TV drama globally as well as optimizing what will be presented to the world among the slate of JTBC’s upcoming series.

The deal takes off in 2020, though the two companies have worked together for nearly two years already, since Netflix licensed 600 hours of JTBC’s scripted and unscripted TV shows in April 2017. Since then, Netflix says that JTBC’s shows have been proven successful among global fans. These shows include “Sky Castle,” “Something in the Rain,” “Life,” and “My Country: The New Age.” No data is available.

“The trust between JTBC and Netflix will become more solidified through the agreement. The agreement will also drive JTBC’s entrance into overseas markets as a global production house with high-quality content,” said JTBC in a statement. The company was launched in 2011 and has become the country’s most successful privately owned broadcaster. Its channels roster includes the JTBC channel and four specialty streams.

Last week, Netflix announced the signing of a similar supply deal with CJ ENM’s Studio Dragon firm. That deal was also an extension of an existing working relationship, and was presented as a multi-year pact. One significant difference between the two deals, is CJ’s ability to require Netflix to buy a 5% stake in Studio Dragon, if it chooses.

Popular on Variety

Both deals underline the way that Korean TV content has become an important building block for streaming platforms in Asia and also globally. “Our members love great Made-in-Korea stories, and JTBC’s great shows have proven its success in Korea and around the world,” said Netflix.

More Digital

  • Activision-Blizzard-Overwatch-League-Grand-Finals-2018

    YouTube Scores Exclusive Streaming for Activision Blizzard's E-Sports, Including Overwatch and Call of Duty Leagues

    YouTube landed a multiyear deal as the exclusive live-streaming partner for Activision Blizzard’s e-sports events worldwide, including Overwatch League, Call of Duty League, Hearthstone Esports. The agreement (which excludes China) promises to give a big boost to YouTube Gaming, the video giant’s dedicated home for all things related to games. It’s also a loss for [...]

  • Grammy Moments Brandi Carlile John Legend

    What's a Grammy Moment Worth? Brandi Carlile, John Legend, Label Execs Weigh In

    In simpler times, an artist could see album sales spike to over 500,000 in the days after a Grammy Awards broadcast appearance. That was Santana’s experience in 2000. Following a performance on the show and eight Grammy wins, “Supernatural” flew off the shelves — a gold certification from one key look. Today, that seems downright [...]

  • Netflix-logo-N-icon

    Netflix Sets Up Italian Office in Rome (EXCLUSIVE)

    After opening its doors in Paris last week, Netflix is setting up an office in Rome, Variety can reveal. The streaming giant has confirmed that it will move its Italian team, which is now based in Amsterdam, to new offices in the Italian capital, where they are currently seeking a space. The process will take [...]

  • Jill Dickerson - Snap

    Snap Taps OWN's Jill Dickerson to Lead Unscripted Programming

    Jill Dickerson has left OWN: Oprah Winfrey Network after more than a decade to join Snap Inc., the parent company of Snapchat, as a senior member of the Snap Originals team. A seasoned reality TV exec, Dickerson will help lead the development of Snap’s docu-series and unscripted programming and is based at the company’s Santa [...]

  • Deadspin - Jim Rich

    Deadspin to Relaunch Under New Editor Jim Rich, Following Mass Staff Resignation

    Deadspin, the irreverant sports news and opinion digital-media brand that has been dormant since last November, is going to get re-spun under newly hired editor-in-chief Jim Rich. G/O Media named the veteran editor and journalist, who formerly served as editor-in-chief of the New York Daily News, executive editor at Huffpost, and night sports editor at [...]

More From Our Brands

Access exclusive content