“Netflix is doubling down on South Korea with plans to invest $2.5 billion over the next four years to produce more K-dramas, movies and reality shows.
The streaming giant announced the push Monday, following a meeting between South Korean President Yoon Suk Yeol and its co-CEO Ted Sarandos in Washington.”
Seoul/Hong Kong, CNN
It’s great to see Netflix embracing the value of the Korean market. It’s also great to see Netflix accepts the that Korean markets enjoys watching Korean actors speaking Korean.
However Netflix, along with the rest of the industry, is still missing the real opportunity, which is to use our “sharing” innovations to make big-budget content for every major foreign market. These innovations allow a production to deliver multiple versions of the same content – each version with its own country’s cast. No digital doubles or VFX face-replaces – but actual actors performing in front of the same camera setups on the same shooting day, and all at a micro-fraction of normal costs.