Tokyo and San Francisco – Rakuten, Inc., one of the world’s largest internet services companies, has announced that it has signed an agreement to acquire global video streaming platform Viki. The acquisition represents a significant step forward for Rakuten as it continues to add to its digital content offerings and launch its internet services ecosystem into new markets. Viki CEO and co-founder Razmig Hovaghimian said that Viki operates independently and that there … [Read more...] about BREAKING: Rakuten to acquire global video streaming service Viki
Hulu
Hulu sale closes with no buyers
New York & California, U.S. - 21st Century Fox, NBCUniversal and The Walt Disney Company have jointly announced that they will maintain their respective ownership positions in Hulu and together provide a cash infusion of US $750 million in order to propel future growth. Launched in 2008, Hulu is a aggregator of premium online television content from over 400 content partners, and has achieved more than 30 million monthly unique visitors. “Hulu has emerged as one of the most … [Read more...] about Hulu sale closes with no buyers
“Dream Defenders” to launch on Hulu this summer
Singapore – Singapore-based Tiny island Productions has announced that its 26 episode series, Dream Defenders will be available on the free, ad-supported Hulu and Hulu Plus subscription service this summer. The series, based on original concepts developed by Tiny Island Productions, focuses on producing “Future Proof” content across multiple new platforms. The Los Angeles-based writing team was supervised by industry veterans Eric and Julia Lewald, who have been show runners … [Read more...] about “Dream Defenders” to launch on Hulu this summer
Over 60% growth in worldwide OTT video revenue reported in 2012
Arizona – ABI Research announced in its latest OTT and Multi-screen Services Research Service that the OTT video market has crossed the US$8 billion mark in 2012, with companies such as Netflix, Hulu, Apple and Amazon driving the growth. The three largest markets—North America, Europe, and Asia-Pacific—experienced year-on-year growth in excess of 50% in the same year. The report states that the continued spread of connected consumer electronics and mobile devices such as … [Read more...] about Over 60% growth in worldwide OTT video revenue reported in 2012
Hulu names Andy Forssell as acting CEO
Hulu CEO Jason Kilar, who is stepping down at the end of this quarter, has announced that Andy Forssell will be stepping up to lead the company as acting CEO after he departs. Kilar wrote in his blog: “You know Andy well; he’s been a critical senior executive and has been here from the start of this great adventure. Andy exemplifies the Hulu culture and has been central to Hulu’s journey, helping to grow this company from two content partners and no revenue to over … [Read more...] about Hulu names Andy Forssell as acting CEO
Broadband Asia & TV Connect Asia 2013 to return to Hong Kong
London – Broadband Asia & TV Connect Asia 2013, Asia Pacific’s largest broadband and media event taking place from April 9-10, has relocated back to Hong Kong. Hong Kong’s leading operators PCCW and HKT are the event’s official Host Operator Partners. The event also has support from CSL, Pacnet and the Commerce and Economic Development Bureau for Hong Kong. The conference and exhibition will highlight new developments in TV and broadband, bringing together the two … [Read more...] about Broadband Asia & TV Connect Asia 2013 to return to Hong Kong
