Please wait while we enable your Account

0%

Contacting Amazon Web Services
Deploying Cloud Servers, Storage, Transcoding & Database Servers
Deploying Global CDN
Deploying Firewall & Enabling Security Measures
Deploying the CMS & Admin Module
Deploying Website, Mobile & TV Apps framework
Creating your FTP account
Finishing up all the modules
Preparing for launch

Media heavyweights take on Internet rivals

Roshan Dwivedi Published on : 16 June 2015

 

Two of China’s leading regional broadcasters have been in the headlines over the past two weeks, as they scramble to transform themselves to compete with a new generation of Web-based private companies that are rapidly stealing their viewers and advertising dollars.

Both stories involve new tie-ups with industry outsiders, reflecting the need to bring in new expertise to help these State-run broadcasters leverage digital and Web-based technologies that will dominate the media landscape of the future.

The first big story came two weeks ago, when Shanghai Media Group (SMG) signed a landmark deal with e-commerce titan Alibaba Group  to develop a financial news and information service that could someday take on the likes of global giants like Bloomberg and Reuters. The second came last week, when media reports said that Hunan Satellite TV had raised 500 million yuan ($80.51 million) in the first private funding round for its fledgling paid video streaming service Mango TV.

Meantime, Hunan Satellite TV, also considered one of China’s most innovative traditional broadcasters, was in the headlines last week with reports of the new fundraising for Mango TV, its answer to the challenge from the Internet companies. That deal saw leading mobile carrier China Mobile emerge as the lead investor  in Mango TV’s first major round of fundraising, providing a partner whose vast wireless telecoms network could become an important resource for Mango in the future.

Both SMG and Hunan TV have formed smaller partnerships and taken other recent steps to try and fight off the Internet TV platform challenge. But these two new moves mark some of the first major equity tie-ups where broadcasters have sold stakes in core assets to outside partners, which in turn could provide valuable new resources to help them expand beyond stagnating core businesses.

Read the entire story here.

Written by: Roshan Dwivedi

Add your comment

Leave a Reply

Your email address will not be published.

Try Muvi One free for 14 days

No Credit Card Required

.muvi.com
Your website will be at https://yourname.muvi.com, you can change this later.

Upcoming Webinar
October 11

9:00AM PST

Creating a New-Age Customer Support System

Creating a new-age customer support system requires leveraging modern technologies and strategies to provide exceptional customer service which includes creating workflow laced tools for listing and managing customer enquiries, issues, internal requests, delivery backlog, release management, feedbacks, To Dos for teams, SLAs etc seamlessly by tailoring it as per your processes and policies. In this webinar you get to understand how to implement a strategic customer support system by understanding our innovative workflow management tool and also managing integrations with ease. Also it will help you be able to track, monitor the deliverables in an effective and efficient manner. 

In this webinar, you will learn :

  • Tattle’s Architecture Unveiled: Discover the backbone that powers your deliveries and processes.
  • Tool Creation Process: A detailed walkthrough how to create tools for customer , Internal teams, manage workflows and SLAs
  • Integrations: Effortlessly integrate with multiple data sources to collect and manage enquiries, issues, feedbacks  

Event Language: English
1 hour