Online streaming platform Hulu might post loss of $1.5 billion in 2018 14 August 2018
American entertainment giant, Hulu is on track to lose nearly $1.5 billion in 2018, a 71 percent increase in losses from a year ago. In 2017, Hulu reportedly had suffered a whopping loss of $920 million. During the second quarter … Continue reading
US SVOD subscriptions set to touch 208 million in 2023 14 August 2018
According to reports, the number of SVOD subscriptions in the US is expected to reach 208 million in 2023, up from 132 million in 2017. Around 73.5% of TV households (88.5 million) will subscribe to at least one subscription video … Continue reading
ALT Balaji set to go global, put on 2.1 mn new paid users 13 August 2018
Leading entertainment company, Balaji Telefilms’ OTT platform ALT Balaji has added more 2.1 million paid users in the April-June quarter. It is double the 1.2 million paid users it had added in FY17. Currently, the paid subscriber base stands at … Continue reading
CJ Group partners with Netflix and China’s Youku for promoting korean content abroad 13 August 2018
South Korean showbiz giant CJ Group is teaming up with China’s Youku and global SVOD platform Netflix for promoting homegrown content such as K-pop and Korean TV dramas into the global mainstream. The company is strategically seeking major domestic players … Continue reading
Naspers create VOD unit as online streaming battle intensifies 10 August 2018
Global internet and media group, Naspers has created a new OTT video unit in order to counter competition from global VOD players such as Netflix, Amazon Prime Video, etc. To counter this stiff competition, Naspers has partnered its VOD business … Continue reading
SVOD subscribers on rise in Latin America 10 August 2018
According to reports, the number of SVOD subscribers are rising in Latin America, more than double in between 2017 and 2023. The number of subscription video-on-demand subs is predicted to increase from 21.14 million at the end of 2017 to … Continue reading
AT&T acquires Chernin Group’s Stake in Otter Media 09 August 2018
American multinational telecommunication giant, AT&T has fully acquired Chernin Group’s controlling interest in their joint venture, Otter Media. Otter Media, a subscription, advertising and content company constitutes fully-owned subsidiaries Ellation, an online SVOD provider and a full-service digital media company, … Continue reading
ITV invests $1 billion on new SVOD platform 09 August 2018
ITV has collaborated with leading technology companies, Hollywood studios, Wall Street banks, independent studios, and strategic partners in raising $1 billion for a new SVOD platform. The main objective is to bring back an ambitious new online video streaming service … Continue reading
TLD3 aims to move into wireless audio streaming market 08 August 2018
TLD3 Entertainment Group has closed the acquisition of assets of Digital Legend, a developer of wireless audio streaming and music social network software. With this acquisition, TLD3 will now own and control the global marketing and development rights to Mbox … Continue reading
Pen India prepping for own OTT platform 08 August 2018
According to reports, Pen India is planning to come up with an OTT platform to expand its reach across TV and digital verticals. The proposed SVOD platform may get launched in the coming six months and will be named Plan … Continue reading
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