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Ricky Wong

HKTV goes into online space

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Following the announcement of the switch, HKTV has drawn strong responses from the stock market, with shares almost doubling. The move will provide investors an opportunity to pass their verdict on Wong's decision to offer television services online and on mobile devices. According to The Standard, within the same day, HKTV's share prices increased to 92% from HK$2.32 to HK $4.46 after the company agreed to buy a spectrum from a unit of China Mobile Hong Kong. The reports also show … [Read more...] about HKTV goes into online space

HKTV reports HK$40m loss

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Hong Kong Television Network has reported a loss of HK$40.3 million for the year ended August 31, according to The Standard. The report added that HKTV said HK$531.3 million has been invested in fixed assets, but that capital expenditure has slowed down. The company said it has either completed shooting or has been producing 190 drama programme episodes, 70 episodes of variety and infotainment programmes, and more than 1,000 episodes of purchased content, added the news report. … [Read more...] about HKTV reports HK$40m loss

Hong Kong regulator accuses government of ignoring advice

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The South China Morning Post has reported that the Communications Authority (CA) said their advice was ignored, and that the government did not respond to them before making the decision not to award Ricky Wong's HKTV, a new player, a free TV licence.  The news report adds that in its submission to the government, the CA said that all three applicants - HKTV, Fantastic TV and HKTVE, met the statutory requirements and the four criteria listed by the government - financial … [Read more...] about Hong Kong regulator accuses government of ignoring advice

Hong Kong reasserts absence of cap on FTA licences

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According to The Standard, Hong Kong's Commerce Secretary Gregory So Kam- leung has ordered his staff to reinstate a statement indicating there is no limit to the number of FTA TV licenses to be granted - a statement which had been deleted from the official website in September 2013. The Executive Council has thus far maintained silence, in accordance with its principle of confidentiality, over why HKTV was refused an FTA licence. This website update is seen by some as a … [Read more...] about Hong Kong reasserts absence of cap on FTA licences

Hong Kong citizens to switch off TVs to protest FTA licensing

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The Standard has reported that thousands of Hong Kong citizens are expected to join a campaign to switch off their televisions on October 30, 2013 against the government's decision on free-to-air licenses, adding that the campaign was initiated by a group of bloggers. A Facebook page, which has more than 2,500 likes, encourages viewers to turn their sets off between 7pm and 11pm on the day. The page appeals to the public to turn of their TVs - whether to support Ricky Wong, to demand that … [Read more...] about Hong Kong citizens to switch off TVs to protest FTA licensing

HKTVE to invest HK$600 million in first three years of Free TV service

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Hong Kong – The Chief Executive-in-Council recently granted PCCW Limited the approval-in-principle for the group company HK Television Entertainment Company Limited’s (HKTVE) application for a Domestic Free Television Programme Service Licence (Free TV licence). The company announced a total investment plan across the first six years of operations estimated to be over HK$1.3 billion, and a substantial part of which will be invested in programming and production.  HKTVE … [Read more...] about HKTVE to invest HK$600 million in first three years of Free TV service