DramaFever Korean-Drama Streaming Service Is Shutting Down

The Warner Bros owned DramaFever streaming-video service specializing in Korean dramas and other Asian programming, is shutting down. This was announced by the company and effective immediately. The New York-based DramaFever was acquired by Warner Bros. in 2016 from Japan’s SoftBank Group. It will be closing its DramaFever OTT service due to business reasons and in light of the rapidly changing marketplace for K-drama content. It is also said that licensing costs for U.S. distribution commanded by top K-dramas have rapidly increased in recent years, bid up by larger SVOD…

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