KOCOWA, a specialty American streamer of Korean content, has sealed a deal with SM Studio, part of SM Culture & Contents. The first show supplied under the deal is “Welcome to NCT Universe,” a 10-episode reality show that debuts globally on Wednesday. KOCOWA is a streaming service based in Los Angeles and owned as a joint venture between the top three Korean broadcast networks KBS, MBC, and SBS as well as SK Telecom as a subsidiary of their Wavve Americas unit. (Wavve also operates as a joint venture streaming platform in Korea.) Its content includes dramas, reality shows variety programming…