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SoftBank Agrees to Buy Korean Online Video Site DramaFever

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SoftBank Corp. agreed to buy DramaFever Corp., which offers Korean TV programs online for English-language viewers, adding to the Japanese carrier’s spate of online content acquisitions.

DramaFever, which had raised $12 million from investors including AMC Networks Inc. and SoftBank Ventures, says it’s the largest online-video distributor of international TV content, with 15,000 episodes. The site, founded in 2009, streams movies and TV shows with subtitles. Financial terms weren’t disclosed in a statement from the companies.