Xiaomi has confirmed it will invest US$300 million in Baidu-backed online video portal iQiyi for an undisclosed stake in the company, according to Techweb. The money is part of Xiaomi founder Lei Jun’s pledged US$1 billion to accelerate content acquisition. Lei’s personal fund also participated in the investment. Last week, the company also revealed it would invest an undisclosed amount into Youku Tudou, another leading video portal in China.
Streaming video service Netflix has announced it will launch services in Australia and New Zealand from March 2015. The long-rumoured launch was confirmed via a press release issued today, in the absence of any details around hosting or telco partnerships. Netflix pioneered on-demand subscription video services in 2007 in the United States, after expanding out of a physical DVD mailing service.
Chinese Internet video company Youku-Tudou announced that the company has added two new executives: Chief Product Officer Gu Sibin and Senior Vice President Li Jie. As chief product officer, Gu will be responsible for product strategy and operations to promote the group’s consumer-focused business. Gu is the first chief product officer since the founding of Youku-Tudou.
Youku Tudou Inc. (NYSE: YOKU), China’s leading Internet television company (“Youku Tudou” or the “Company”), today announced the addition of two members to its leadership team – Teddy Gu as Chief Product Officer, and Jerry Li as Senior Vice President. As Chief Product Officer, Teddy Gu will be responsible for the Group’s product strategy and operations, and drive the Group’s direct-to-consumer businesses. Teddy Gu has become Youku Tudou’s first CPO since its founding.
TAIPEI, Taiwan — Keeping a finger on the pulse the Nanjing Summer Youth Olympic Games (YOG, 青年奧運), Chunghwa Telecom Co. (CHT, 中華電信) has launched a video on demand (VOD) service. CHT, Taiwan’s top telecom operator, successfully streamed the grand opening ceremony of 2014 Nanjing YOG live on Aug. 16, where abundant Chinese cultural symbols were presented, which included jasmine flowers, blue and white porcelain, and images of the Silk Road, as well as traditional acrobatics.
Youku (NYSE:YOKU), which claims it’s still China’s top video streaming site despite growing competition from half a dozen rivals, reached 500 million monthly unique visitors for the first time, the company said today in its Q2 2014 earnings report. The half billion figure represents viewers across the Youku and Tudou sites across all screens, from desktop to mobile to smart TVs.
Telstra will spend US$270 million (A$291 million) to boost its stake in Silicon Valley-based video streaming and analytics company Ooyala from 23 percent to 98 percent, following an incremental investment of US$61 million over the last two years. Telstra will incorporate Ooyala – which was founded in 2007 – into its global applications and platforms group, subject to customary closing conditions.
Telestream, a provider of digital media tools and workflow solutions, hasannounced that its software-based Vantage video transcoding and workflow automation products will be featured in Techtel booth 5J3-03 and Magna Systems & Engineering booth 5B2-02 at Broadcast Asia 2014 which takes place June 17th – 20th in Singapore. Telestream will demonstrate the latest file formats and technologies, including HEVC and 4K, transcoding and packaging for multiplatform distribution, and the ability to quickly respond to fluctuating needs in the cloud.