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Netflix (NFLX) Renews Korean Drama “Sweet Home” for Seasons 2 and 3 – June 16, 2022

Netflix (NFLKS Free Report is bringing back its popular Korean urban fantasy series. Sweet home for two more seasons. Lee Yong Bok, who directed the first season Sweet homeis also set to helm new seasons of a Korean drama.

Based on the 2017 webtoon of the same name. Sweet home follows high school student Hyun-soo and his neighbors as they try to survive in a world where people turn into monsters.

The stars of the first season, including main characters Sung Kang and Lee Jin Wook, will return for new seasons along with Lee Si Young, Ko Min Si, and Park Kyu Young.

In addition to the original cast of the show, upcoming seasons will also feature characters played by Yoo Oh Sung (My Country: New Age), Oh Jung Se (It’s okay to be out of order), Kim Moo-yeol (Juvenile justice) and former B1A4 member Jung Jin-young.

When the first season was released on Netflix in 2020, its terrifying monsters and clever storytelling set a new standard in the creature movie genre, receiving rave reviews from fans. The series has received international awards such as the 2021 Asian Academy Creative Awards (AACA) and the 3rd Asia Contents Awards.

Netflix shares have lagged the industry since the beginning of the year

Since the beginning of the year, Netflix shares have fallen 70.1%, compared to the Zacks Broadcast Radio and Television and Zacks Consumer Discretionary industry drops of 56.3% and 34%, respectively.

The poor performance of this Zacks Rank #3 (Hold) company is primarily due to fierce competition in the streaming space. You can see the full list of today’s Zacks #1 Rank (Strong Buy) stock here.

Other streaming services in focus

Disney (DIS Free Report is capitalizing on the growing popularity of Disney+ with its strong content portfolio and much cheaper bundled offering than its peers.

In the last reported quarter, Disney’s streaming service subscribers surpassed 205 million, a net quarterly increase of 9.2 million thanks to Disney+. As of April 2, 2022, Disney+ had 137.7 million paying subscribers.

Paramount GlobalX (PAIR Free Report) Paramount+ Sees Subscriber Growth Due to Expanding Content Portfolio. Paramount+ hosts a portfolio of over 2,500 films and 30,000 TV series, including content from popular franchises such as Star Trek as well as Spongebob.

AppleX (AAPL Free report) Apple TV+ gains a solid reputation for Ted Lasso receiving several Emmy awards and CODA won three Academy Awards. The Apple TV+ Academy Awards have triumphed over streaming’s main competitor, Netflix. dog power. The victory solidified his position in the streaming industry as a serious competitor.

However, Netflix’s diversified content portfolio, linked to heavy investments in the production and distribution of localized content in foreign languages, is a key catalyst.

Recently, Netflix has updated many of its Asian originals, including Korean hits such as squid gameteen zombie horror We are all deadas well as DP

squid game also made headlines after it was revealed that the mega hit series would be turned into a real-life game, with 456 contestants competing for a massive $4.56 million cash prize.

Other Asian originals lined up for the update include a Japanese fantasy series. Alice in the Borderlandreal indian crime drama Delhi Crime and various reality shows from around the region such as Indian matchmaking, Singles Inferno as well as love is blind japan.

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