Tencent focuses on metaverse development with new extended reality unit

Chinese tech giant Tencent has launched a dedicated ‘extended reality’ unit, as the company looks to heavily invest in the metaverse. The company announced the unit’s creation to staff earlier this week (via Reuters), with it charged with building Tencent’s extended reality business across software and hardware. The unit will be led by Tencent Games […]

IPTV to drive pay TV revenue growth in South Korea

Despite a global decline in pay TV growth, the South Korean market is set to experience marginal growth in the coming years.  According to GlobalData, pay TV services revenue in South Korea is expected to grow marginally at a compound annual growth rate (CAGR) of 1.14%, from US$6.5 billion in 2021 to US$6.9 billion in […]

Now TV picks Amino for H1 STB

Amino has been selected by Hong Kong Telecom-owned pay TV provider Now TV to integrate its IPTV service with streamers such as HBO GO and Netflix. Now TV (not to be confused with the Sky-owned NOW) has turned to Amino’s SaaS service management solution Amino Engage. This solution promises to simplify device and app management, […]

Increased IPL rights value presents challenges for DisneyStar and Viacom18

The Indian Premier League (IPL) was already one of the most valuable sports competitions on the planet, but this week things took things to another level when it was reported that the tournament’s broadcast rights have more than doubled in value. In a change from form, the Board of Cricket Control in India (BCCI) has […]

QYou expands footprint with One Plus FAST channel launch

Youth-oriented Hindi language channel operator QYou Media has announced an expansion with One Plus smart TV systems via its Oxygen Play content discovery platform. The partnership now means that its channel, The Q, is now available in over 125 million TV households and to over 680 million users via OTT, mobile and app based platforms. […]

Baidu looking to sell the ‘Chinese Netflix’ iQiyi

Chinese tech giant Baidu is reportedly in talks to sell off its controlling stake in the country’s second-largest streaming service iQiyi. According to Reuters, Baidu is looking to sell its 53% stake in the ‘Chinese Netflix’, with the company setting a target value at around US$7 billion. Baidu currently holds more than 90% of iQiyi’s […]

Airtel Xstream at 2 million subs

Indian pay TV operator Bharti Airtel has announced that its Airtel Xstream platform now has 2 million paid subscribers. Launched in February, Airtel Xstream Premium, aggregates content from 15 Indian and global video OTT players within one app. At launch, customers will get access to over 10,500 movies, shows and live channels from: SonyLIV, ErosNow, […]

Paramount+ launches in South Korea in partnership with TVING

Paramount+ has continued its international expansion, rolling out in South Korea. The SVOD is available in the country via leading K-content platform TVING, with existing subscribers gaining access to Paramount+ content at no additional cost.  High-profile titles streaming exclusively on Paramount+ includes originals like Halo and Yellowjackets, along with classic movie titles including The Godfather […]

DisneyStar and Viacom18 winners of IPL rights auction with fee more than doubling

The Indian Premier League (IPL) has seen its rights valuation more than double, with DisneyStar and Viacom18 set to be revealed as the winners of a competitive rights tender. While the Board of Cricket Control in India (BCCI) is yet to officially reveal the results, multiple reports from the country have said that DisneyStar, the […]

Smart TV ownership at 89% in India

Smart TV ownership in India is at an all-time-high. According to Counterpoint Technology Market Research, smart TV share in India’s overall TV market grew 33% year-over-year in Q1 2022 to reach its highest ever level of 89%. The market leader is Xiaomi, which makes up 14.3% of the market, thanks to its low-cost entry-level smart […]