Korea’s Netflix blockbuster Space Sweepers receives global viewership

Korea’s Netflix blockbuster Space Sweepers receives global viewership
Hee-Kyung Kim 1
2021-04-21 11:24:41 hkkim@hankyung.com
K-content films

Described as "South Korea's first space-set blockbuster," Netflix's film Space Sweepers is receiving considerable viewership globally, joining a growing body of Korean movies connected with worldwide audiences.

According to Netflix Inc. on Apr. 21, the science fiction film, directed by Cho Sung-hee, has captured more than 26 million Netflix users during the four weeks since its release on Feb. 5.

In more than 80 countries, Space Sweepers, Korea’s first de facto space opera film, has been on Netflix's “Today’s Top 10” movies list for weeks, signaling the growing popularity of Korean content among global movie watchers, it said.

The film had often ranked Netflix’s most-watched film in the world during last month.

Starring actor Song Joong-ki and actress Kim Tae-ri, Space Sweepers depicts the epic adventure of space cleaners that collect and sell debris from a wounded Earth's orbit. The movie follows one such ship, the Victory, and its crew of misfits, including the former child soldier Kim Tae-ho (Song Joong-ki).

Korea’s Netflix blockbuster Space Sweepers receives global viewership

The global streaming giant has said it will strengthen its focus on the Korean market, committing about 550 billion won ($493 million) this year to produce original Korean content.

Netflix has some 3.8 million paid subscribers in Korea as of end-2020.

GROWING CLOUT IN KOREA

The US-based over-the-top (OTT) platform saw its revenue from Korea more than double to 415.5 billion won in 2020 while operating profit almost quadrupled to 8.8 billion won.

On Wednesday, Netflix also announced its global results for the first quarter of this year.

Korea’s Netflix blockbuster Space Sweepers receives global viewership

The company said its revenue in the January-March quarter rose 24% to $7.16 billion from the year-earlier period while operating profit increased 27.4% to $1.96 billion.

Netflix finished the first quarter with 208 million global paid membership. In the Asia-Pacific region, its paid membership stood at 26.85 million at the end of March.

Write to Hee-Kyung Kim at hkkim@hankyung.com
In-Soo Nam edited this article.

Entertainment shares to soar in Q2 following BTS, Blackpink comeback

Entertainment shares to soar in Q2 following BTS, Blackpink comeback

BTS performs its hit Dynamite during an online charity concert Music On A Mission in March. South Korean entertainment labels are expected to see their earnings momentum back in full swing in the second quarter as popular K-pop groups such as BTS, Seventeen, Blackpink, Twice and NCT prepare for

Tencent increases appetite for Korean gaming startups

Tencent increases appetite for Korean gaming startups

Neople's Dungeon Fighter, distributed by Tencent in China Chinese technology giant Tencent Holdings has been gobbling up South Korean gaming startups that have yet to launch their first products, a move seen aimed at securing their intellectual properties (IPs) and developers to cement its No.

Korea’s Minari, other Asian content sweep Hollywood

Korea’s Minari, other Asian content sweep Hollywood

Minari In the US and European film markets, where movies directed by Westerners or non-Asian filmmakers have long dominated the industry, Asians are finally arriving; and they are grabbing major film awards.In late February, Minari, a semi-autobiographical drama about a family of South Korean i

Naver Webtoon targets US listing by year-end

Naver Webtoon targets US listing by year-end

Fans gather to meet their favorite Naver Webtoon artists at the Los Angeles Comic Con. Naver Webtoon Ltd. has begun preparations to make its trading debut in the US by year-end, according to the investment banking industry on Feb. 17.South Korea-based portal giant Naver Corp., the parent compan

JTBC raises $366 mn from Tencent, Praxis Capital

JTBC raises $366 mn from Tencent, Praxis Capital

JTBC Studios' popular TV drama, The World of the Married South Korean TV drama production firm JTBC Studios Co. will raise a total of 400 billion won ($366 million) by issuing convertible preferred shares to China-based IT giant Tencent Holdings, and domestic private equity firm Praxis Capital

(* comment hide *}