Western companies that are investing in web 2.0 pioneers in China beware: there are risks, according to Paul Verna, senior analyst at U.S.-based internet market research firm eMarketer. By 2011, the number of Internet users in China is expected to grow to 246 million, up from 134 million in 2006, eMarketer predicts. Verna says, “On the flip side, the potential pitfalls of investing in Chinese Web 2.0 start-ups should not be overlooked. The spectre of government censorship remains a major … [Read more...] about Risks seen in investing in China’s Web 2.0 entrepreneurs
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Risks seen in investing in China’s Web 2.0 entrepreneurs
Western companies that are investing in web 2.0 pioneers in China beware: there are risks, according to Paul Verna, senior analyst at U.S.-based internet market research firm eMarketer. By 2011, the number of Internet users in China is expected to grow to 246 million, up from 134 million in 2006, eMarketer predicts. Verna says, “On the flip side, the potential pitfalls of investing in Chinese Web 2.0 start-ups should not be overlooked. The spectre of government censorship remains a major … [Read more...] about Risks seen in investing in China’s Web 2.0 entrepreneurs
Singapore and Korea enter into co-production arrangement
Singapore– The Media Development Authority of Singapore (MDA) has entered into a co-production arrangement with the Korean Broadcasting Commission (KBC) to foster greater collaboration among Singaporean and Korean broadcasters and media companies. The agreement was signed on June 21 by the Chairman of KBC, Dr Cho Chang Hyun and MDA Chairman, Dr Tan Chin Nam in conjunction with BroadcastAsia 2007 held in Singapore. Approved co-productions will be considered as national productions of the … [Read more...] about Singapore and Korea enter into co-production arrangement
Singapore companies showcase Mobile TV, IPTV and HDTV technology at BroadcastAsia
Singapore– Singapore companies at BroadcastAsia (June 19-22) are showcasing new services, applications and tools in mobile broadcasting, IPTV and HDTV. Eight companies will introduce prototypes and concepts developed under the Media Development Authority of Singapore’s (MDA) Digital Technology Development Scheme (DTDS) that provides funding support for the development of original and innovative products or concepts. Themed “New Digital Media Landscape”, the 1,000 sq m … [Read more...] about Singapore companies showcase Mobile TV, IPTV and HDTV technology at BroadcastAsia
James Packer, former media mogul
Sydney- The Packer dynasty's reign in Australian media is over. James Packer has stepped down as chairman of PBL Media, owner of the eastern States Nine Network and ACP magazines, after the Packer-controlled PBL reduced its stake in the company from 50% to 25%, ceding control to its joint venture partner CVC Asia Pacific. CVC partner Adrian MacKenzie is expected to become chairman of PBL Media, with the Packer-appointed Ian Law continuing as Chief Executive. Packer will remain on the PBL Media … [Read more...] about James Packer, former media mogul
Korean animation on the upswing
Seoul- Korea's animation industry is currently the third largest behind the U.S. and Japan with most of the revenue generated from OEM (original equipment manufacturer), as opposed to original content, according to the Korea Culture and Content Agency (KOCCA). While Korea has been an outsourcing destination for American, European and Japanese animation companies, KOCCA believes that is changing as original Korean works are on the rise. Korea's break-out animation action series Eon Kid (formerly … [Read more...] about Korean animation on the upswing
