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Rambler Group acquires Okko

Rambler Group, under the terms of the “cash-strapped deal”, has taken over Era Capital owned Russian OTT platform Okko. According to reports, the previous owners of Okko will receive a minority stake in Rambler Group who are into cinema chains Cinema Park and Formula Cinema. Okko, previously called Yota Play was launched in 2011 was …

Russian OTT industry witnesses steady growth

Russian OTT industry soars as country’s leading OTT provider, Okko, got its revenues doubled up in 2017. Also, the major competitor, Megogo has also increased its subscriber base by 1.65 times. According to a report, Okko’s last year revenue clocked R1.4 billion with unique paying users per month was 65% higher than in 2016. Okko …

Russian OTT Services subscription revenue outruns advertising

According to a report by Telecom Daily, Transactional and Subscription income for Russia’s streaming services superceded advertising revenues in the first half of this year. Total income from streaming services in the first half increased by 70% to hit RUB 5.3 billion. Revenues are expected to grow to RUB 11 billion this year. Apparently, the …

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