Imported film distributors, local streaming platforms lock horns over payment system
Aug 6, 2020
South Korean video-streaming company Watcha released an official statement Wednesday evening in response to the pending termination of deals with the firm and two other domestic over-the-top service providers. Earlier Wednesday, the Association of Korean Buyers and Distributors of Foreign Films announced that its members would stop providing content to Watcha, Wavve and Tving until the OTTs accepted a payment system that would return more royalties to the buyers and distributors. Under the env