Modern Times Group MTG AB (publ.) (‘MTG’ or ‘the Group’), the international entertainment group, announced on February 25 that it has signed an agreement to acquire 75% of Trace Partners SAS (‘Trace’), the France-based youth media brand and global pay-TV channel operator that has distribution agreements with third party network operators in 160 countries worldwide, including all 55 countries in Africa. The stake is being acquired from Citizen Capital, … [Read more...] about MTG acquires 75% of Trace
Mobile
BroadcastAsia2014 plays hub to OTT content revolution
Singapore – With the ever increasing demand for mobile broadband anytime, anywhere, the explosive growth of Over-the-Top (OTT) content has accelarated rapidly with a staggering 352.4 million people expected to pay for access to OTT programming by 20161. As Asian consumers continue to demand easily accessible entertainment, OTT services such as pay TV are increasingly becoming a necessity in the region with revenues expected to grow to US$43.9 billion by 2018, according to a … [Read more...] about BroadcastAsia2014 plays hub to OTT content revolution
Tencent visits BBC to discuss partnership
Beijing – Chinese online communications, social and entertainment services company Tencent visited the BBC in London on February 18, along with its business partners. The meeting was to celebrate the success of British drama on the Tencent Video platform, and explore future cooperation around the forthcoming World Cup in Brazil. Tencent Video has grown to be one of the top online video platforms in China. Tencent is also dedicated to … [Read more...] about Tencent visits BBC to discuss partnership
Facebook to acquire WhatsApp
Menlo Park, California – Facebook announced on February 19 that it has reached a definitive agreement to acquire WhatsApp, a rapidly growing cross-platform mobile messaging company, for a total of approximately US$16 billion, including US$4 billion in cash and approximately US$12 billion worth of Facebook shares. The agreement also provides for an additional US$3 billion in restricted stock units to be granted to WhatsApp’s founders and employees that will vest over four years … [Read more...] about Facebook to acquire WhatsApp
TrueVisions chooses Anevia for advanced multiscreen services
Bangkok – Anevia, a provider of video streaming and infrastructure solutions for OTT, live TV and Video on Demand (VoD), have announced that Thailand’s broadband and subscriber video operator TrueVisions has chosen Anevia’s ViaMotion Plus and ViaMotion Edge products as the cornerstone of its multiscreen services. As part of Truevisions’ new multiscreen service, 70 live SD and 20 HD channels are … [Read more...] about TrueVisions chooses Anevia for advanced multiscreen services
ESPN digital media is global leader in 2013
2013 marked a year of impressive growth for ESPN digital properties across the globe, with 154.5 billion minutes logged via online and mobile devices (not including video). There were a total of 17.4 billion global visits*, an increase of 14 percent compared to 2012. Globally, ESPN ranks as the number one online sports brand in terms of average minute audience in 2013, and ESPN’s mobile properties now account for 41 percent of … [Read more...] about ESPN digital media is global leader in 2013