Contentwave, the operator of online streaming service (OTT) Wavve, has appointed Lee Yang-gi, head of CJ ENM's OTT Competitiveness Enhancement Task Force, as its new CEO.
Contentwave said Wednesday that its board of directors selected Lee as the new chief executive at a meeting held on July 1.
Lee previously served as head of business management at CJ ENM before holding the role of CFO at both Tving and Contentwave.
According to Contentwave, Lee played a leading role in enhancing the combined value of Wavve and Tving even before taking office. Specifically, he drove major business achievements including: ▲supplying key content such as CJ ENM films and tvN dramas to Wavve, ▲launching Wavve-Tving bundled products and an ad-supported subscription plan (AVOD), ▲establishing mutual supply of original content between Wavve and Tving, and ▲securing broadcasting rights for KLPGA and KPGA professional golf tournaments.
"I will do my best to generate synergy between Wavve and Tving, which are pursuing a merger, and deliver the best content experience to users," Lee said.