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Iflix secures a new round of funding ahead of a prospective IPOJuly 26, 2019Malaysia-based online video streaming service iflix has announced that it has secured a new round of funding ahead of a prospective IPO. The company estimated that the total funding will amount to more than $50 million, although an exact amount has not been disclosed. The funding round was led by Fidelity International, while new investors are MNC, Yoshimoto Kogyo and JTBC, together with founder Catcha Group, and strategic shareholders Hearst, Sky and EMC. Iflix is currently available in 12 countries in Asia – Malaysia, Indonesia, Philippines, Thailand, Brunei, Sri Lanka, Pakistan, Myanmar, Vietnam, Cambodia, Nepal and Bangladesh.
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Korean broadcasters join forces with SK Telecom to step up original content productionJanuary 28, 2019Korean telco SK Telecom has signed a memorandum of understanding with the country's three leading broadcasters to integrate their online video platforms, Oksusu and POOQ. Broadcasters Korean Broadcasting System (KBS), Seoul Broadcasting System (SBS) and Munhwa Broadcasting Corporation (MBC) operate POOQ through a joint venture called Content Alliance Platform. The new service will aim to create more local original content to fend off growing competition. According to reports, SK Telecom CEO Park Jung-Ho was seeking an initial investment of $180 million to produce original content; in comparison, Oksusu spent just $10 million on content last year. The company also aims to expand the new online video platform to Southeast Asia later in the year.
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Netflix Q2 - Price sensitive 'grandfathers' cause weaker than expected growthJuly 21, 2016IHS forecasts for Netflix’s International territories have been slightly reduced to 38m for 2016 and 75.7m for 2020, a reduction of around 1m for the 5 year outlook. For the US 2016 forecasts have been adjusted to 48.3m subscribers.Subscribers Only
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China’s enforcement of its latest content regulations shakes foreign media companiesApril 27, 2016China has started implementing its latest content regulations, and big foreign companies are feeling the impact. DisneyLife, the on demand streaming service by Walt Disney and Chinese e-commerce giant Alibaba has gone offline not long after the suspension of Apple's iTunes Movies and iBooks stores in China. Both services had their services operated for less than a year in China, and become unavailable since April 2016.Subscribers Only
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Hong Kong's TVB launches OTT service, myTV SUPERApril 18, 2016Hong Kong’s leading free-to-air broadcaster TVB has launched a subscription-based over-the-top (OTT) service, offering live streaming of 20 channels and an 11,000-hour library of content including classic dramas from TVB and acquired programming from South Korea and Japan.Subscribers Only
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Sky invests USD 45million in iflix – Netflix’s rival in Southeast AsiaMarch 15, 2016Sky, one of the Europe’s largest media companies, is investing USD45m in Southeast Asian SVoD service iflix. Sky operates across the UK, Ireland, Germany, Austria and Italy via its DTH pay TV services and OTT platforms; NOW TV, Sky Online and Sky Go. Sky’s investment consists of the purchase of USD 2.5 million shares from existing investors which include Indonesian media company Emtek, as well as investment groups Catcha Group and Evolution Media Capital.
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Seven Network launches 7flix to protect itself from increasing competition and shifting advertising dollarsMarch 01, 2016Australia’s free-to-air (FTA) Seven Network has introduced a new FTA digital channel, 7flix. The general entertainment channel targets young audiences with a lineup of US movies and first-run US series. The new channel will incur little to no cost by showing contents Seven already owns including those from Walt Disney and NBC.Subscribers Only
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Chinese media watchdog tightens online video content censorshipFebruary 04, 2016The Chinese media regulator has banned several original web dramas in January 2016 due to excessive violence, sex, vulgarity, and superstition. The expansion of TV censorship to original online content means online video hosting sites have limited space to generate revenue and will slow down the development of online video market in China.Subscribers Only
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Disney partners with Alibaba to launch DisneyLife in ChinaDecember 17, 2015The Walt Disney Company and the Alibaba Group have announced a multi-year licence agreement to launch DisneyLife, a new on-demand streaming service, in China. China will the second market for DisneyLife, after its exclusive launch in the UK in late November.Subscribers Only
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Asian online video market intensifies as services revealed upcoming plans at the 2015 ATFDecember 05, 2015Asia TV Forum and Market (ATF) 2015 in Singapore was attended by international content sellers for traditional TV and digital distribution and Asian buyers. The conference’s focus was on content acquisition - industry players gathered to discuss acquisition of content across all genres and platforms, as well funding and co-production opportunities.
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Alibaba gets serious about online video with Youku Tudou acquisitionNovember 10, 2015Chinese e-commerce giant, Alibaba has announced the acquisition Youku Tudou for $4.2 billion in a cash transaction. The acquisition is in both sides’ interest from both a financial and strategic perspective.Subscribers Only
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ESPN returns to India in partnership with SonyOctober 12, 2015Sports network ESPN has announced a partnership with Multi Screen Media (MSM), the Indian unit of Sony Pictures Television, to create co-branded sports content on both television and digital platforms. The two companies will jointly create new sports channels and roll out a localised multisport website and application in the coming months.Subscribers Only
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Apple recommits to tablet market with iPad ProSeptember 10, 2015iPad Pro features: - Largest iPad screen to date, at 12.9-inches a full 3-inches larger than the iPad Air 2 - Retina performance, 5.6 million pixels, more than the MacBook Retina Pro - New 64 –bit A9X System on Chip (SoC), faster than 80% of current portable PCs - Faster graphics than 90% of portable PCs - New 4 speaker audio system with 3X the volume of the iPad Air 2, reorients with rotation - New Apple Pencil and full size, Smart Keyboard expand input options - iPad Pro, Apple Pencil, and Smart Keyboard go on sale in November of 2015 Apple also announced: - New iPad mini 4, with performance to match the iPad Air 2 - No changes to iPad Air 2 in this announcement.Subscribers Only
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Indian TV ratings companies team up to seek improved dataSeptember 01, 2015Broadcast Audience Research Council (BARC) India and TAM India have announced the formation of a new meter management company. The entity will oversee the meter operation based on BARC’s sample design and the data will be computed through BARC’s software. The joint forces will start with 34,000 meters covering all of India.Subscribers Only
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Netflix partners with SoftBank prior to its launch in JapanAugust 27, 2015The US internet streaming service, Netflix has entered into the partnership with SoftBank, mobile operator in Japan one week prior to its launch in the country.
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Singtel eyes first mover advantage with launch of SVoD service in IndiaMay 29, 2015HOOQ, the online video platform backed by Singaporean telco giant Singtel, Warner Brothers and Sony Pictures, has launched its service in India. The subscription video-on-demand (SVoD) service features 5,000 Hollywood movie and series titles and over 10,000 local ones. priced at 199 rupees ($3.20) a month, HOOQ will allow subscribers to stream content on up to five devices including PCs, smartphones and tablets.Subscribers Only
