Netflix to double down on South Korea with $2.5B investment

admin 2023年5月28日

Beginner

business, business news - beginner

Pre-reading questions:

I will read each question. Then, please answer them.

講師がそれぞれの質問を読むので答えましょう。

Do you watch movies and other TV shows on Netflix?
Are you familiar with TV shows and movies from South Korea?

Vocabulary:

I will read the words, meanings, and sample sentences. Then, repeat after me.

単語、意味、例文を読みます。講師に続いて音読しましょう。

produce /pruh-DOOS/

[verb] – to make something or bring something into existence
The bakery down the street produces fresh bread every morning.

amount /uh-MOUNT/

[noun] – a quantity of money
The customer paid the full amount in cash, including the tax and service charge.

create /kree-EYT/

[verb] – to make something exist
The children used their imaginations to create a fort out of blankets and pillows in the living room.

opportunity /op-er-TOO-ni-tee/

[noun] – an occasion or situation that makes it possible to do something that you want to do or have to do, or the possibility of doing something
The trip to Paris was the opportunity of a lifetime to see the Eiffel Tower and experience French culture.

successful /suhk-SES-fuhl/

[adjective] – achieving the results wanted or hoped for
The doctor’s treatment plan was successful in curing the patient’s illness and improving their health.

Article reading:

Please read the whole article. Then, I will check your pronunciation and intonation.

記事を音読しましょう。講師はあなたの発音とイントネーションを確認します。

Netflix plans to invest $2.5 billion in South Korea over the next four years to produce more Korean content. This commitment is twice the amount they previously revealed. With over 60% of its members watching Korean content last year, South Korea is seen as a crucial market for Netflix. In the first quarter of 2023, the company added 1.46 million paid subscribers in the Asia Pacific, while subscription rates in other regions slowed. Netflix said that some subscribers had canceled their subscriptions following the company’s announcement of strict regulations on password sharing.

The investment is expected to create a significant opportunity for Netflix and the country’s content industry and creators. The move highlights the popularity of Korean content among worldwide viewers, with shows like “Squid Game,” “The Glory,” and “Physical: 100” proving successful globally. According to Netflix, four out of the ten most-watched non-English TV shows ever on the platform are Korean productions. Netflix plans to launch its largest-ever lineup of South Korean content, with 34 new and returning titles set to be released in 2023.

True or False:

Read the sentences and identify if they are true or false based on the article.

文章を読んで、記事に基づいて正誤を答えましょう。

Netflix intends to invest $8 billion in South Korea over the next four years to produce more Korean content.
Over 60% of Netflix’s members watched Korean content last year.
In the first quarter of 2023, Netflix added 1.46 million paid subscribers in the Asia Pacific region, while subscription rates in other regions slowed.
Some subscribers canceled their subscriptions after Netflix announced its strict regulations on password sharing.
Two out of the ten most-watched non-English TV shows ever on the platform are Korean productions, according to Netflix.

Fill in the blanks:

Choose the correct word from the table then fill in the blanks.

適切な言葉を選んで空欄を埋めましょう。

produce

amount

create

opportunity

successful

Please let me know the ______ of payment you require.
I’m hoping to find an ______ to showcase my artistic talents and gain some exposure.
The young entrepreneur’s business idea was so ______ that it quickly attracted investors.
The factory workers ______ high-quality products with great efficiency.
The chef can ______ a delicious meal out of almost anything in the kitchen.