Get Subscribers
I didn’t have the desire to make a lot of money doing the earth channel.
‘Since he owns Dream Art Rainbow, he distributes Korean movie and drama contents, and Myung-woo likes games.’
Since Earth Resources is doing cloud business, aren’t hardware resources overflowing?
It was a business based on goodwill to entertain people rather than money.
As long as you do business in Silicon Valley, it was natural to aim for the US or global market.
〈Netflix market cap of $200 billion, what is the fair value of Earth Channel?〉
〈Nearly half of Netflix subscribers of Earth Channel〉
〈Earth Channel Growing Brilliantly〉
〈Re-evaluation of Korean content, Korean dramas preferred more in the US〉
〈Octopus game, hugely popular on Earth Channel〉
“… … .”
The growth of the Earth channel, which adds 15 million people a day, is crazy.
‘It’s still a difficult structure to make a profit. Even though the investment cost is much higher, the evaluation is great.’
As low interest rates continued in the Corona era, they had all the themes of untact, technology, and growth that were in the limelight in the US stock market.
There was a reason for the 5 dollars to secure subscribers quickly.
From the user’s point of view, even if you watch just one movie, it is not a loss, but an amount, so there is no reason to hesitate about subscribing.
It started OTT service at a very cheap price, but it wasn’t a very cheap price after all.
The fee for using the Earth Channel is $5. The fee, including the game, is $10.
Competitor Netflix allows up to four concurrent users on its $17.99 plan.
‘It’s a reasonable price that’s less than one-third for a person watching alone. Instead, it’s more expensive than Netflix to watch with multiple people.’
Simultaneous playback was not available on the $5 plan.
You can watch it on your TV, but it won’t play on other devices at that time.
Although simultaneous playback is not possible at a cheap price, the number of subscribers is growing faster.
―Ellie: Wall Street predicts that within a month, Earth Channel users will surpass Netflix.
-Kim Shin: Really?
―Ellie: Yes! However, there will definitely be limits to growth in the US market.
There wasn’t much content that Americans liked.
What I can’t help is that American dramas and movies are too expensive to produce, so I couldn’t secure much while preparing for Earth Channel.
―Elly: But Earth Channel has a strong point in Asia. It’s very popular in Japan, and a lot of Chinese people are watching it.
-Kim Shin: That’s right.
―Ellie: If Chinese people continue to sign up, the market size will grow incomparably to Netflix.
Many of the Internet services launched in the United States were not accessed in China.
Popular services such as Google, Netflix and Instagram are blocked by the Chinese government.
YouTube, one of Google’s companies, is also used by people all over the world.
Distribution of games was also severely restricted by issuing copies.
Oh Myung-woo and Eddy protested against him.
“If we make an earth channel, people in China will definitely want to see it.”
“Yes. We are trying to support Chinese as well.”
A language spoken by over 1.3 billion people.
It was trying to develop translation technology by spending a lot of money and support the Chinese language used around the world.
However, the service can be banned at any time because it poses a threat to the regime of the Chinese government.
This was a huge risk factor.
“Shinah, we are not entering the Chinese market.”
“then?”
“We serve the whole world. So China must be included unconditionally. It doesn’t make sense that Chinese people can’t play games.”
“Right!”
Oh Myung-woo and Eddy worked together, and the programmers worked together to create a few things.
“What is this?”
“It bypasses the IP. You can see government-blocked sites.”
A simple program made it possible to bypass the private network and watch the earth channel.
Eddie said confidently.
“This may not be enough. So if you come from China, each server will be given a separate address. Dividing addresses across hundreds or thousands of servers so that it is not easy to block sites. And even if you block it, it will automatically create a bypass address and connect you to it.”
“… … .”
“If this method is also blocked, there are many other methods that can be used.”
Oh Myung-woo and Eddie were sincere.
Big companies like Microsoft or Google are affected by government policies, but we don’t have to.
‘But isn’t our company also very big in sales?’
Computing, cloud, shopping mall.
Even the coin exchange business, which is growing rapidly by three to four times every month.
It’s a company that hasn’t been established for less than a year, but even with the exception of Earth Channel, it’s at the level of a multinational company.
Anyway, I decided that doing Chinese service was not bad for me.
Due to the THAAD crisis, Korean companies that entered China suffered great damage.
In the case of Earth Channel, it only serves Chinese, and will not make large-scale facility investments in China.
‘Earth Resource doesn’t even have a business related to China.’
Payment can be blocked in China, but the advantage of our company was the coin.
In addition to source coins, various coins could be registered in the payment system according to the market price.
“okay. Let’s try.”
That’s how Chinese people joined, and the growth rate was frightening, as if word of mouth was spreading.
‘The rising economic power of the Chinese is helpful to the Earth Channel.’
As the number of Chinese users exceeded 5 million, the signup speed rose sharply.
I think I can understand why Korean companies are so hung up on the Chinese market.
“Jongyeop.”
“Yes. CEO.”
“Find a building nearby that can be used as an office building.”
“yep.”
It was broadcast live on Earth Channel, but as the number of employees increased, the company’s space became very small.
The computing and cloud divisions alone filled two floors, but it was crowded with employees as it included the crowded shopping mall and Earth Channel.
Currently, more than half of home workers can afford it, but the K-vaccine has been widely inoculated in the United States.
“Are you thinking of buying the building?”
“yes. Even a 20th or 30th floor is fine.”
Earth Resources will use it, and the rest will be rented out.
‘Even just three years ago, it seemed far-fetched to prepare my own house. Now they buy buildings in the US casually.’
I became a world-class rich man, but I kept thinking of three years ago or earlier when I was poor.
It reminded me of the days when I sliced the sausage thinly and ate it for days while eating delicious food prepared by the chefs.
‘Does this mean getting old?’
* * *
Dream Art Rainbow had a festive atmosphere.
“The number of Earth channel subscribers has exceeded 80 million.”
“already?”
“I don’t know if it will exceed 100 million tomorrow.”
Rеаd at ոоbӏеmtӏ.соm
Vice President Jeong Beom-tae couldn’t keep his mouth shut with joy whenever he received a report from an employee.
OTT market.
Providing content such as movies and broadcasting through the Internet, not through terrestrial or cable channels.
Even when Kim Shin started his business, I had no intention of helping him with all my might.
“I have been asked to meet you at WM.”
“For what purpose?”
“They say they want to supply the films they have invested or produced to Earth Channel.”
Earth Channel’s success completely changed the atmosphere in the broadcasting and film industry.
Producers of films that could not be released in Korea due to Corona rushed to find them.
Signing an OTT contract, recovering production costs, and earning generous profits if it is successful.
Top Gun’s success on the Earth Channel was to be expected.
However, the popularity of Korean contents, movies and dramas was quite high.
Seeing the possibility of entering the global market, each of them wanted to sign a contract with Dream Art Rainbow.
‘Does the world change so quickly?’
At the broadcasting station, even the lowest-ranking staff held their heads stiffly.
Distributors holding the domestic screen tightly were places with strong enough power to influence box office success.
In order to make a movie, I had to entertain them first and make them happy.
However, in front of the name of Dream Art Rainbow, they have now become distant Eul.
Rеаd at ոоbӏеmtӏ.соm
Vice President Jeong Beom-tae laughed.
“Isa Yang, there have been a lot of people who have been waiting for us in the film or broadcasting industry lately.”
“… … It was.”
Rеаd at ոоbӏеmtӏ.соm
Vice President Jeong Beom-tae did not forget the controversy that occurred in the film industry.
There were many places where Kim Shin felt sorry for the film industry staff and rebelled when he improved working conditions.
Thanks to favorable public opinion, it was a blessing to secure talented staff, but there were places that considered Dream Art Rainbow as an axis of evil.
In the domestic film and broadcasting industry, the establishment of Earth Channel was regarded as a threat to their own rice bowls.
If the Earth Channel had failed, their persistent attacks would have come in.
〈Earth Channel Becomes the Graveyard of Content〉
〈The dangers of OTT that viewers are ignoring〉
It was too easy to mobilize the media to publish an article.
However, the Earth Channel, which just opened, was not at the level of domestic checks.
American or European media.
It is evaluated that the increase in the number of subscribers will threaten Netflix.
Moreover, the annual income of Earth Channel is expected to exceed 10 billion dollars, which is completely unimaginable compared to the size of the Korean content market.
“We need to increase our investment in Korean film and drama content. Shouldn’t we do our best to enrich the Earth Channel?”
“Yes. Vice President.”
“No matter how hard we try, we can’t achieve great achievements like CEO. So, let’s all wake up and get to work.”
Rеаd at ոоbӏеmtӏ.соm
Vice President Jeong Beom-tae decided to greatly expand the content investment business.
The goal was to line up the Korean drama, entertainment, and film industries.
* * *
“This office is where the Earth Channel was created.”
“Yes. This is Diane in charge of the Earth Channel.”
“Nice to meet you, Diane.”
Tom Cruise’s visit to Earth Resources.
I exchanged light greetings with the staff, and turned on the live broadcast of the Earth Channel, which had been temporarily suspended, with Tom Cruise’s permission.
“hello. everyone.”
-It’s Tom Cruise.
– You really came.
-Nice to meet you.
-Hello!
We exchanged greetings with over 100,000 viewers.
“There are a lot of people. How many are there?”
“100,000 people. There are 110,000 now.”
“Wow, Kim Shin. You are really famous.”
I took a quick tour of Tom Cruise and the company, then got into the car and headed to the mansion.
It was a bit embarrassing to see him moving around surrounded by bodyguards.
It was because he knew how dangerous action scenes Tom Cruise could perform while filming.
“My house is close. Do you always drive to work?”
“I usually ride a bike. I like bikes.”
“okay. I also rode a lot when I was a student.”
“I can’t imagine it being a bicycle. The image of him riding a motorcycle suits him so well.”
We had light conversations, and at the mansion we cooked and hosted Tom Cruise.
Simple bulgogi, soybean paste stew, and seasoned ribs.
It was a cooking event that I did occasionally after coming to the United States.
“It’s really delicious. I remember the taste I used to eat in Seoul.”
―It’s nice to see Tom eating deliciously.
-Kim Shin… … . Was he a good cook?
-It’s perfect. To be honest, I don’t even have to cook.
―It’s true that I can’t do laundry. LOL
-That level isn’t even a flaw.
Even the scene of them having a meal together was broadcast on the Earth channel.
“Koreans, please give a lot of love to Top Gun.”
An event that seemed like a simple fan meeting.
After the broadcast, Tom Cruise talked about the purpose of coming here.
“I have a movie scheduled for my next shoot.”
“The Mission Impossible series?”
“yes. I’m thinking of making 7 and 8 at the same time. I have an idea to receive investment from the Earth Channel and release it.”
Paramount Pictures has collaborated a lot with Tom Cruise’s production company, so the deal had to be continued.
Mission: Impossible was also a movie series not to be missed.
“Of course, I will actively invest.”
“good. And are you interested in other films or production companies?”
“Another movie?”
“Hollywood is interested in Earth Channel’s success.”
I saw the success of Earth Channel in Hollywood.