ODK Media
Global Media and Entertainment company streaming content to 27+ countries around the world.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | N/A | Series B | |
| Total Funding | 000k | ||
ODK Media, Inc., established in December 2011, operates as a specialized media group focused on distributing Asian entertainment content to audiences primarily in North America. The company was co-founded by Young Joon Cha, who serves as the Chief Executive Officer, Joon Seok Lee, the Chief Operation Officer, and Sam Kim, the Senior Director of Product Management. Headquartered in Fullerton, California, the company has positioned itself as a key provider of legally licensed content for the Asian American and Pacific Islander community.
The company's core business revolves around a portfolio of over-the-top (OTT) streaming platforms. Its flagship service, OnDemandKorea, offers a vast library of Korean dramas, movies, news, variety shows, and more, often updated within hours of their original broadcast in Korea and provided with both Korean and English subtitles. Recognizing the diverse interests within the Asian content market, ODK Media expanded its offerings to include OnDemandChina, OnDemandViet, and the pan-Asian FAST (Free Ad-Supported Streaming TV) service, Amasian TV. This multi-brand strategy allows the company to cater to specific linguistic and cultural audience segments. The company also provides a physical media streaming device, the ODK Box, which gives access to live Korean channels and the entire OnDemandKorea library.
ODK Media's revenue model is multifaceted, generating income through a combination of advertising and subscriptions. The platforms operate on a freemium basis, offering viewers free, ad-supported content (AVOD), alongside paid subscription plans (SVOD) that provide an ad-free experience and access to premium features. These plans include options like the 'Standard' plan, which has a reduced ad load, and a 'Family Plan' for multiple users. Additionally, the company generates revenue through programmatic advertising across its services, which serve millions of video and display ads monthly, and offers sponsorship opportunities. ODK Media acts as an end-to-end solutions provider by managing content licensing, distribution, localization, and syndication for over 320 content producers.
Keywords: Asian entertainment, Korean drama streaming, K-content, OnDemandKorea, OTT platform, video on demand, FAST service, Asian media, content distribution, OnDemandChina, OnDemandViet, Amasian TV, ad-supported streaming, subscription VOD, Korean TV, media licensing, multicultural media, streaming service North America, Asian American content, legal content streaming, K-pop, Korean movies