Korea’s traditional media powerhouses—the major terrestrial broadcasters and newspapers- are losing eyeballs and market share to the fast-growing online and pay- TV platforms. In 2006, Korean consumers spent an average of 2 hours 12 minutes per day watching terrestrial TV, down 12 minutes on the prior year. Conversely, average time spent online reached 12 hours 6 minutes per week, up one hour on 2005, according to Carat Korea. The leading cable broadcasters On*Media and CJ Media are … [Read more...] about New media thrives as ‘old’ media dives in Korea
distribution
India media stocks rocked
New Delhi: Leading media stocks have taken a battering in India amid growing concern over heightened competition, fragmentation and costs in the media sector. A group of seven leading companies in broadcasting, print, movies and pay-TV, with a combined market capitalization of $US10 billion, is trading 26% lower than recent highs, and some have lost as much as 50%, according to Media Partners Asia. "Another round of corrections is needed to make valuations more palatable especially as there are … [Read more...] about India media stocks rocked
Malaysia’s Rocket Fish Studios signs co-production deals with 9 international partners
Kuala Lumpur– As a highlight of the MDeC’s Buyer Fly-In Program, Malaysian animation studio Rocket Fish Studios signed Memorandums of Agreement (MoA) with 9 international companies to work jointly on animation productions as part of its initiative to promote Malaysia as a global animation hub. The studio is also providing budding animators with training programs in Kuala Lumpur and Terengganu. Zanymation Associates International (US) and Rocket Fish Studios will collaborate on … [Read more...] about Malaysia’s Rocket Fish Studios signs co-production deals with 9 international partners
Liza Newnham promoted to SVP / GM of English Language Channels
Hong Kong- Star has promoted Liza Newnham to Senior Vice President / General Manager of English Language Channels. In this newly created position, Newnham will manage the business operations of Star Movies and Star World and will work to strengthen the channel brands. Based in Hong Kong, Newnham reports to Chief Operating Officer Laureen Ong, who said the company is working “aggressively” to bolster the channels’ foothold in the English language entertainment landscape. Newnham … [Read more...] about Liza Newnham promoted to SVP / GM of English Language Channels
Bennett Media Worldwide exports Bikini Destinations and other exotica
Los Angeles– Bennett Media Worldwide (BMW), the in-house distribution unit for the Bennett Group, closed licensing deals with 140 countries in July, including several with Asia Pacific broadcasters. Thailand's Shin Broadband Internet acquired satellite, HD and VOD rights for Bennett’s entire library of programming. Korea's TU Media secured DMB rights for Bikini Destinations, Beyond the List and Bikini Life Adventures. Foxtel Australia nabbed satellite rights to Bikini Destinations, … [Read more...] about Bennett Media Worldwide exports Bikini Destinations and other exotica
Yahoo!7 signs 3-year mobile deal with m.Net Corporation
Sydney- The Seven Network/Yahoo online venture Yahoo!7 has appointed m.Net Corporation as its provider of mobile marketing and distribution solutions. Under the three-year deal, m.Net will distribute content from Yahoo!7, Seven Network, and Pacific Magazines, with a particular focus on video. m.Net Chief Marketing Officer Scott Johnson said m.Net would work seamlessly with Yahoo!7 as part of its sales and marketing team to provide mobile solutions support for advertisers. This continued … [Read more...] about Yahoo!7 signs 3-year mobile deal with m.Net Corporation
