Warner Bros. has pulled the plug on DramaFever, a subscription hub for Korean Dramas (or K-dramas) and other international programming that the company acquired in 2016 from Japan’s SoftBank Group.
The shutdown is effective immediately, reports Forbes. Prior to Warner Bros.'s confirmation, DramaFever had gone silent on its social platforms for days, and a notice appeared for subscribers on certain shows denoting that, “New episodes have been postponed until a later date.” The New York-based company said in a statement that the closure was due to “business reasons and in light of the rapidly changing marketplace for K-drama content.” DramaFever’s YouTube channel, which counts 4.3 million subscribers, has also been wiped.
Warner Bros. told Forbes that all current subscribers will be refunded.
Visit Tubefilter for more great stories.
The shutdown is effective immediately, reports Forbes. Prior to Warner Bros.'s confirmation, DramaFever had gone silent on its social platforms for days, and a notice appeared for subscribers on certain shows denoting that, “New episodes have been postponed until a later date.” The New York-based company said in a statement that the closure was due to “business reasons and in light of the rapidly changing marketplace for K-drama content.” DramaFever’s YouTube channel, which counts 4.3 million subscribers, has also been wiped.
Warner Bros. told Forbes that all current subscribers will be refunded.
Visit Tubefilter for more great stories.
- 10/18/2018
- by Geoff Weiss
- Tubefilter.com
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