Production

• South Korean productions became the most-watched content origin on Netflix outside the U.S., generating 12.1 billion viewing hours globally. • The data, analyzed by Omdia and Digital i, covers the period from April 2025 to March 2026 and was presented at the International Streaming Summit 2026 in Busan. • This milestone highlights the dominant global influence of K-content and its critical role in driving international subscriber engagement for the streaming giant.

• 7K Studios, the first local film production studio in Taos, held its soft opening celebration on Friday, June 12, in Ranchos de Taos. • The studio provides aspiring filmmakers with essential production space and professional tools to create their projects locally. • This initiative aims to integrate Taos into New Mexico’s rapidly growing film industry by lowering barriers to entry for creators.

• South Korean productions became the most-watched non-U.S. content on Netflix, generating 12.1 billion viewing hours between April 2025 and March 2026. • Global hits such as Squid Game, Daehongsu, and Pokssak Sog-atsuda drove this growth, allowing South Korea to outperform other major exporters like Japan, Spain, and the UK. • According to Omdia's Maria Rua Aguete, this trend solidifies South Korea's position as the premier global source of successful entertainment content outside the United States.

• South Korean productions became the most-watched non-U.S. content on Netflix, generating 12.1 billion viewing hours globally between April 2025 and March 2026. • The findings were released by Omdia and Digital i during the International Streaming Summit (OTT·FAST) 2026 held this week in Busan. • This data highlights the massive global influence of K-content and its critical role in driving international user engagement for the streaming giant.

• India's Index of Industrial Production (IIP) growth slowed to 4.9% in April 2026, down from 5.8% recorded in April 2025. • The IIP serves as a critical macroeconomic indicator used to measure short-term fluctuations in the volume of industrial production across the economy. • This deceleration highlights a cooling trend in industrial output, which can signal broader shifts in economic momentum and manufacturing health.

• The European Audiovisual Observatory released a study on May 29, 2026, analyzing the impact of tax credits, cash rebates, and tax shelters on audiovisual production. • The report maps the legal frameworks governing these incentives, including the UNESCO Convention on the Diversity of Cultural Expressions and EU state aid law under Article 107(1) of the TFEU. • This research is critical as fiscal incentives have become primary drivers in determining where and how films and series are financed and filmed globally.

• India's latest Index of Industrial Production (IIP) data indicates that the nation's industrial fundamentals have remained relatively resilient. • The government has announced plans to transition toward a chain-linked framework for calculating the index. • This new system will feature more frequent updates to sectoral weights, allowing official statistics to better reflect structural changes within the economy.