Why Time Warner Now Owns Three Streaming Services

Time W

arner’s latest salvo in the battle against cord-cutters: buying a streaming service specializing in Korean soap operas.

Warner Bros.’ Feb. 23 deal to acquire the streamer DramaFever might seem a bit unorthodox because it provides primarily English-language audiences access to international programming. But the real play is for the New York-based company’s technology and its ambitions to operate a slate of streaming channels.

It already powers horror-themed Shudder, which former DramaFever investor AMC launched in the summer, and the documen­tary streaming service SundanceNow Doc Club.

Source: Hollywood Reporter