Search results for Cannes
Telecommunications & Media
YouTube and TikTok emerge as rivals, adding to Netflix\'s new growth dilemma
Netflix released its third-quarter results on Oct. 20 and showed its ability to generate profits remains intact, but the market reaction was negative. Revenue rose 12 percent to $12.9 billion, while growth was the weakest in three years. Concerns over viewing-time growth, especially in the United States and Canada, weighed on sentiment. The company also faces competition from YouTube and TikTok and a lack of new hits.
Games & Commerce
PlayD hires creative director Heo Ik-seo, strengthens creative organisation
PlayD, a SOOP affiliate, expanded its creative organisation to division level and reorganised into a four-division structure. The company hired creative director Heo Ik-seo and launched a system comprising the Marketing Division, Growth Strategy Division, Creative Solutions Division and Management Planning Division. PlayD plans to widen its business scope to include branding, creative work and game marketing, aligning with SOOP’s planned launch of an integrated advertising and marketing brand in the second half of the year.
AI & Enterprise
Quality and detail to lead global video AI, expand Korean content ecosystem
Kling AI is stepping up its push into South Korea as competition in video AI models intensifies. Global operations head Zeng Yushen (쩡위선) said the company has more than 100 million users worldwide, with 70 percent outside China, and that Korean usage is rising. He cited quality, 4K support and motion control as strengths, and said Kling will expand creator and enterprise partnerships, including through contests and API adoption.
