Titles include Vantage Point, The Water Horse, Across the Universe, Stephen Chow's box-office hit CJ7, Will Smith's upcoming superhero movie Hancock, and Kevin Spacey's drama 21.
In addition to movies, the deal also covers SPTI's new TV series such as Damages starring Glenn Close and Cashmere Mafia starring Lucy Liu after their television broadcast.
Korea's top integrated telecommunications service provider, KT launched its Mega TV IPTV service nationally in July 2007, making it available to its 6.52 million high-speed internet users. As of April 16 this year, MegaTV had 590,000 subscribers and expects to increase the number to 1.5 million by the end of the year.
'SPTI is honored to partner with KT Corporation to bring our latest blockbusters to MegaTV's subscribers, and is focused on providing innovative solutions and offerings to our broadcast and telco partners to help them meet, and exceed, their customers' needs,' said Ross Pollack, SPTI senior vice president, distribution, Asia.
The move comes amidst the rapid growth of IPTV in South Korea, following the National Assembly passing the IPTV bill last year.