TVING () is a South Korean online streaming service operated by TVING Corporation, a joint venture of CJ E&M (CJ Group), Naver and JTBC. It is a platform that streams dramas, entertainment shows, animations, exclusive television films, specials and documentaries.
History
TVING was launched on May 31, 2010, by CJ HelloVision. In January 2016, the service was transferred to CJ E&M. On September 17, 2019, CJ E&M and JTBC signed an MOU to establish a joint venture company to operate the service. On October 1, 2020, the joint venture company was launched as TVING Corporation and Yang Ji-eul became the first CEO of the entity. On April 29, 2021, TVING announced that it would no longer provide real-time TV channels for free with paid subscription needed in order to view the content moving forward. On June 30, 2021, it was announced that Naver has invested billion into TVING Corporation, making Naver the second largest shareholders at 15% after CJ E&M.
During the TVING Connect online event, TVING announced plans to launch the service in Japan and Taiwan by 2022. TVING is also in talks with Naver subsidiary Line Corporation for launching the platform in other Asian countries, along with the United States and Europe.
In December 2021, CJ ENM partnered with ViacomCBS (now Paramount) to launch Paramount+ as a content hub on TVING, which was set to be launched on June 16, 2022. It also announced that it would release K-dramas co-produced by both CJ (including Studio Dragon and newly formed CJ ENM Studios) and Paramount. Their first co-production was the science fiction drama Yonder, which was confirmed to premiere on Paramount+ internationally.
In July 2022, CJ ENM and telecom giant KT announced that KT-owned streaming platform will be merging with TVING. It was also confirmed that once the merger is finalized, TVING will become South Korea's largest streaming platform and will be competing against Netflix, which has dominated the Korean streaming markets. The merger was approved by the Korean Fair Trade Commission in October 2022. Another merger with SK Telecom's was also underway into the discussion.