Muvi Blogs

Beyond The Buzz- Latest Insights From Muvi

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 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.

Don't forget to share this post!


Latest Posts

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.

Related Blogs
The Importance of Security in eLearning Platforms

The Importance of Security in eLearning Platforms

  In recent years, eLearning has become increasingly popular as a means of accessing education and training online. With the...

20 March 2023
Design Stunning VOD Websites & Applications with Muvi Visual Designer at NAB 2023 Las Vegas

Design Stunning VOD Websites & Applications with Muvi Visual Designer at NAB 2023 Las Vegas

  Celebrating 100 years of broadcast media and entertainment innovation, NAB 2023 is just a few days away. The best...

17 March 2023
5 Reasons to Meet Muvi at the NAB Show 2023, Las Vegas

5 Reasons to Meet Muvi at the NAB Show 2023, Las Vegas

  Muvi – the world’s most easy-to-use no-code streaming service provider, is gearing up to showcase its latest features at...

16 March 2023
On Premise Vs Cloud: Which is Best for your Video Business?

On Premise Vs Cloud: Which is Best for your Video Business?

  On premise Vs cloud – in order for us to determine which is best for the video business, first...

13 March 2023
Muvi is Set to Bring the World's First No-Code OTT Platform at NAB 2023 Las Vegas

Muvi is Set to Bring the World's First No-Code OTT Platform at NAB 2023 Las Vegas

  Muvi is all set to unveil the world’s first no-code OTT platform and its latest offerings at NAB 2023...

10 March 2023




 

Book a Meeting
close-link