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A company release states that CJ Media currently operates the second
largest network of cable and satellite channels in Korea covering
the music, movies, lifestyle and the documentary genres. CJ Group,
through CJ Cablenet, also owns the third largest MSO in Korea with
over one million subscribers.
The JV seeks to leverage the strengths of both parties. NGC provides
the programme acquisition, scheduling, content promotion, branding
and publicity expertise. CJ Media provides the sales, broadcasting,
local programming and marketing resources.
The JV set-up will initially employ six to seven staff members
in Korea, responsible for programming, marketing and finance. This
team will work closely with CJ Media who will provide services such
as broadcasting, transmission, distribution and sales.
The release adds that since the conclusion of the JV NGC's distribution
has jumped from 5.5 million homes to over seven million homes in
Korea. Upcoming plans for the channel include the acquisition of
local documentaries and increasing marketing activities.
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