- cross-posted to:
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- hackernews@derp.foo
- cross-posted to:
- hackernews@lemmy.smeargle.fans
- hackernews@derp.foo
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Does anyone know why it’s so expensive there?
Lack of net neutrality is a huge part of it. Korean ISPs bill sites like twitch for the data they use.
This is good ammo for the fight for Net Neutrality, honestly.
IIRC, South Korea charges an import tax for foreign media. It’s part of why Korea has become a sort of media powerhouse, with K-pop, K-dramas, K-comics, etc… Those things are much cheaper in SK because they’re all local and aren’t being charged that extra tax. So they’re naturally very popular in SK because they’re much cheaper. Sort of a positive feedback loop where the media is cheaper so people consume more of it, which makes the media popular enough to survive on its own outside of Korea as well.
It’s interesting that it’s still classified as foreign media even if the streamers could be local. Wonder if there’ll be a Korean twitch competitor that comes out of this.
There is AfreecaTV. I don’t think Twitch was a big competitor to them locally in the first place. At least from the little I know about it, so take that with an extra train of salt.
SPNP - Sending Network Party Pays
The party that creates the traffic pays the operating costs.
Damn I didn’t know it was 10x the cost. Crazy how a company that size still can’t handle the fees.
more a matter of “don’t wanna” than “can’t”
It says they operated at a loss in SK. If that’s true, I wouldn’t wanna, either.
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What the actual fuck are you talking about? A simple google search shows that Amazon very much makes a profit. Do some basic research first before posting bullshit please.
Amazons last financial report has its profit at $10 billion dollars.
Wha
Dang, stores better get rid of their loss leaders than.
Sometimes you gotta take a small loss for the overall benefit of the company/system.
How is remaining in an unprofitable market a “loss leader”?
Sometimes you gotta take a small loss for the overall benefit of the company/system.
You really don’t think Twitch did some analysis on this matter before making a decision? Or do you just figure that your uninformed assumptions about their financials are more accurate than their internal analysis? Clearly whatever benefit they were or were not getting from their SK business was not enough to justify the operating costs.
Negative press costs money too. There will be unforeseen costs related to this move.
What negative press? They’re no longer going to do business in a particular market for completely normal reasons. This isn’t some kind of scandal, it’s a standard decision for a company to make regarding unprofitable operations. Everyone besides you seems to understand this.
You clearly have no idea what you’re talking about.
Loss leaders you know lead to something. Can’t see what it would lead to.
Neither does the person you’re replying to. They probably just learned the term “loss leader” and thought they’d sound smart bringing it up but have no idea how the concept actually works in practice.
Sounds like he needs to rightsize.
I dunno man, neither of us are financial analysts for Twitch
Gaming nerds dictating how business should operate is one of the funniest things to observe.
Or just remove what’s costing you so much?
Can’t remove a tax without lobbying or breaking the law.
- “corporation” +
“bribery”“lobbying” … nope, never seen that before … - “corporation” + “breaking the law” … nor that one either …
Correct, but those are both expensive in their own ways.
If they don’t see a return they won’t do either.
- “corporation” +
Which would cost you more in the end, so if removing it costs more, you keep it in.
That’s what’s a loss leader is……
I also didn’t know that South Korea charges extra for foreign content providers which is also pretty aggressive.
Yeah, and it all started from a lawsuit between SK Telecom and Netflix because in 2020 people watching Squid Games in Korea used an unprecedented amount of bandwidth. Reuters article
Most telecom providers make deals with the big platforms regarding payment, but I guess S. Korea really wants Afreeca to be the only player in the streaming space. It could also be chaebol shenanigans.
10x the cost of what tho? They just say “most other countries”, but tahts just spin and essentially meaningless without more data
That is surprising forthcoming from them.
Couldn’t Koreans just VPN to another country?
No need. Asian countries are not blocked from using Twitch. It’s just Twitch won’t have local business in Korea now.
VPNs aren’t the solution to shitty laws, nor can you expect that to be a valid mass solution
This’ll probably happen, anyone wanting to watch or stream on Twitch will probably just go through the Japanese servers. But Twitch isn’t that popular in Korea anyways, most of the Korea-based streamers on the platform have large foreign audiences.
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Are you trolling? Korea has a 97% literacy rate and is in the top 20 of best educated countries in the world.
