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SoftBank to buy online-video firm

DramaFever offers Korean TV programmes on Internet for English-language viewers

Published Wed, Oct 15, 2014 · 09:50 PM

Tokyo

SOFTBANK Corp agreed to buy DramaFever Corp, which offers Korean TV programmes online for English-language viewers, adding to the Japanese carrier's spate of online content acquisitions.

DramaFever, which had raised US$12 million from investors including AMC Networks Inc and SoftBank Ventures, says it's the largest online-video distributor of international TV content, with 15,000 episodes. The site, founded in 2009, streams movies and TV shows with subtitles. Financial terms weren't disclosed in a statement from the companies.

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