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Disney Plans Channels In South Korea

  • Yahoo/AP, Wednesday, May 12, 2010 11:56 PM
The Walt Disney Co. is traveling to the Far East. It plans to launch two Korean-language Disney channels in South Korea in a joint venture with SK Telecom. The venture calls for the debut of Disney Channel and Playhouse Disney Channel in the spring of 2011, pending approval from Korean regulators. SK Telecom will own 51% of the venture, while Disney will own 49%.

The channels will be carried on cable and Internet-connected TV services. SK Telecom CEO Man-won Jung said in a statement Tuesday that he hopes the alliance will create other opportunities and noted that consumers watch video on many outlets, including mobile handsets and tablet computers.

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