Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Netflix sued? Popularity of Squid Game lands streaming giant in hot water

Published

on

Millions of viewers have been sucked into the terrifying world of Squid Game.

Released only a fortnight ago, the South Korean series has hit number one on Netflix in an incredible 90 countries.

In fact… this is the reason Netflix is in hot water with South Korea

A South Korean internet service provider is suing Netflix over the increased traffic thanks to its growing popularity in the country

SK Broadband claims that Netflix is South Korea’s second-largest traffic generator, after YouTube, and other streaming giants such as Facebook and Apple, who are paying network usage fees.

Google’s YouTube and Netflix the two are the only companies to not pay network usage fees.

What does Seoul want?

Essentially – SK Broadband’s lawsuit wants Netflix to pay for network access.

A Seoul court said Netflix should “reasonably” give something in return to the internet service provider for network usage.

Many South Korean politicians agree, and have spoke out against content providers who do not pay for network usage, despite the insane amount of viewers generating usage traffic.

SK Broadband says Netflix’s data traffic handled by the service had jumped 24 times from May 2018 to 1.2 trillion bits of data processed per second as of September – this stat is largely due to Squid Game.

In its court documents, SK estimated the network usage fee Netflix needed to pay was about 27.2 billion won ($31.55 million) in 2020 alone.

Will Netflix pay?

Well – they don’t want to.

Netflix said it would review SK Broadband’s claim for increased network traffic and maintenance work costs.

Reuters reported that Netflix had previously brought its own lawsuit on its obligation to pay SK Broadband network fees. The world’s largest streaming giant argued its obligation is to create the content and make it accessible.

Netflix has significantly increased its presence in South Korea and says its brought a lot of dollars to the Asian country.

In fact, Netflix said it had invested 770 billion won in South Korea’s TV and film production industry, adding an extra 16,000 jobs.

According to Bloomberg, Netflix committed to this year spending $US500 million in South Korea to capitalise on what was one of its fastest-growing markets.

Continue Reading

Money

Will slashing immigration curb the housing crisis?

Published

on

The Australian Coalition has revealed its strategy to tackle the housing crisis by reducing migration numbers.

Opposition Leader Peter Dutton’s proposal to cut immigration by a quarter aims to tackle the housing crisis but has been met with skepticism for overlooking deeper structural issues.

Mark Wyld from MW Wealth joins to discuss. #trending #featured #wyld money

Continue Reading

News

Are silent vehicles putting pedestrians at risk?

Published

on

A recent study suggests that EVs and hybrids are more likely to be involved in pedestrian collisions compared to traditional internal combustion engine vehicles.

One possible explanation for this phenomenon is the quieter operation of electric vehicles at lower speeds, which can catch pedestrians off guard, particularly those who are visually impaired or distracted.

To counter this issue, all new EVs in Australia will be outfitted with AVAS – an audible alert to pedestrians to indicate a EV is headed in their direction.

Mike Costello from Cox Automotive joins to discuss. #featured

Continue Reading

News

China conducts ‘punishment’ war games near Taiwan

Published

on

China initiated military ‘punishment’ exercises in the waters surrounding Taiwan in response to the newly inaugurated President Lai Ching-te.

These drills come amid escalating tensions in the region, with Beijing asserting its sovereignty over Taiwan, denouncing the inauguration of President Lai Ching-te and labelling this one of several “separatist acts”, as reported by Reuters.

These military manoeuvres are seen as a show of force and a warning to Taiwan and its supporters against any moves perceived as challenging China’s territorial claims.

President Lai has repeatedly offered talks with China but has been rebuffed.

He says only Taiwan’s people can decide their future, and rejects Beijing’s sovereignty claims.

Continue Reading

Trending Now