Chinese entertainment giant Tencent is poised to acquire the key assets of indebted pan-Asian streamer Iflix for an undisclosed sum. Tencent will take control of iFlix’s content, resources and tech, but not its debt, according to BNN Bloomberg, in a move that would expand the reach of its WeTV streaming service in the region. “This […]
The Asia Pacific region will exceed 415 million SVOD subscriptions by 2025. According to new figures from Digital TV Research, the APAC region will reach 417 million SVOD subscribers by 2025, up from a 2019 year-end total of 269 million. China will make up 65% of that total (269 million), while India will reach 45 […]
French media giant Vivendi has signed its deal with a consortium led by China’s Tencent giving the latter a 10% stake in Vivendi’s most successful operating unit, Universal Music Group (UMG). The deal, which gives UMG a total enterprise value of €30 billion, also gives the consortium an option to acquire an additional stake of […]
The National Basketball Association and Chinese giant Tencent have announced a five-year expansion of their existing partnership. The deal will see Tencent provide extensive NBA coverage on its platforms through the 2024-25 NBA season, including live NBA games, NBA programming and interactive fan experiences. Tencent is currently the NBA’s largest partner outside the US, and […]
Three of the top five SVOD services by subscriber numbers are now Chinese, according to a report by Ampere Analysis. According to Ampere, Baidu-backed iQiyi, Alibaba’s Youku-Tudou and Tencent-owned Tencent Video collectively achieved rapid growth following a shift from advertising revenues to premium subscriptions. According to the analyst outfit, 44% of Chinese internet users subscribe […]
Asia-based consultancy Media Partners Asia (MPA) predicts that revenues from online video subscriptions and advertising across Asia Pacific will hit $52 billion in 2024. The figure, released ahead of MPA’s annual APOS Summit (held this year in Bali, Indonesia), is double the $26 billion forecast that MPA has given for this year. MPA said China […]
South African conglomerate Naspers is to move ahead with its spin-off of pay TV group MultiChoice on February 27, giving Naspers shareholders a direct stake in the pay TV outfit and listing the company on the Johannesburg stock exchange. In its statement ahead of the listing on the Johannesburg stock exchange, Naspers said that it […]
The BBC’s content arm, BBC Studios, has partnered with Chinese internet services provider Tencent to launch a new BBC Earth fan community called BBC Earth Tribe. The BBC Earth Tribe site is due to go live this evening in China and will offer more than 650 hours of BBC Studios’ natural history and documentary programmes, […]
China Literature Limited, the publically listed e-books unit of Tencent holdings, is set to acquire film and TV studio New Classics Media (NCM) for US$2.25 billion. NCM is a renowned TV series, web series and film producer in China with a track record of creating popular content from The First Half of My Life (pictured) to Yu Zui. […]
MTG-owned online video network Zoomin.TV has agreed to produce a six-episode original long-form series for the Chinese Internet giant Tencent. Reality knock-out show The Amazing Drone Race (6×25’) will be distributed on Tencent’s video platform and will be filmed half in China and half on location around the world. “We’re very pleased to extend and intensify […]
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Broadcast Networks Europe names new chief digitaltveurope.com/2020/07/03/bro… https://t.co/KYPoahjeWy
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