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Telecommunications & Media
Paramount-Warner Bros Discovery $110 billion merger gains momentum as lawsuit settled
Paramount has reached a settlement with 12 U.S. states that sued to block its acquisition of Warner Bros Discovery, easing a key legal obstacle to the $110 billion merger. The deal includes commitments to maintain theatrical releases for five years and raise U.S. film production spending. It also sets penalties for non-compliance, creates a worker support fund and imposes conditions on cable channel contracts, Pluto TV and news independence.
Telecommunications & Media
Why FAST is more than \'free TV\'
FAST, short for Free Ad-Supported Streaming TV, is gaining attention as viewers tire of paying for multiple OTT subscriptions. Unlike on-demand services, FAST runs like traditional TV channels but is delivered over the internet and funded by advertising. Samsung Electronics and LG Electronics are expanding their services to boost device appeal, ad sales and viewing data. The government is also promoting K-FAST with AI dubbing to distribute K-content abroad.
Telecommunications & Media
Netflix not enough for K-content push into North America, FAST seen as breakthrough
Kim Jeong-eun (김정은), head of K20, said North American broadcasting remains an untapped market for K-content and that free ad-supported streaming TV, or FAST, could be the key to entry. She cited data showing broad weekly FAST usage and said K20 supplies channels to multiple global platforms. She also pointed to higher ad rates and cited a case where exclusive FAST distribution outperformed existing OTT results, while calling for policy support.