ZDNet — In tech savvy South Korea, YouTube currently reigns supreme, but Naver Corporation, the sprawling conglomerate behind the country’s largest search portal and chat app Line in Japan, vowed to challenge YouTube’s video streaming dominance in 2016. Naver executives took the stage at the Naver Connect 2015 conference last Tuesday to deliver a message best summed up by two keywords: “live” and “mobile”.
China Tech News — Now that Alibaba almost owns China’s top online video site, what does this mean for investors and company management at the acquired business? Announced this week right before the big e-commerce event of Singles’ Day, Chinese e-commerce group Alibaba and Internet video group Youku Tudou jointly announced that the two parties have reached an agreement, under which Alibaba will acquire Youku-Tudou in cash.
Times of India — BEIJING: Billionaire Jack Ma’s Chinese e-commerce giant Alibaba has announced an estimated $4.8 billion deal to take over video streaming service Youku Tudou as it seeks to spread its online empire. Alibaba is snapping up Youku Tudou, China’s equivalent to YouTube, in the latest of a string of acquisitions as it sets its sights far beyond its core eBay-style transactions business.
India Times — BEIJING: Chinese internet and technology MNC Letv – which has just launched the world’s biggest 120″ tv – says it sees India as a “great internet power” in the coming years and that it would make its contribution to Indian Prime Minister Narendra Modi’s ‘Digital India’ mission.
Yibada — LeTV is set to make a gradual introduction of all its products that include smartphones, TVs and cloud computing to the Indian market in the first half of 2016, Jia Yueting, founder and CEO of LeTV Holdings Co. The company is planning to establish another 200 nodes in India and open cloud platform, user interface design as well as mobile application design to users and developers in India, Jia said.
Tech in Asia — Alibaba today announced it has proposed to acquire China’s top video site company, Youku Tudou. It runs the Youku and Tudou sites, which combine user-generated content with licensed movies and TV series. Alibaba’s buy-out of Youku values the video site at about US$4.2 billion, according to earliest calculations. No official figure is provided by Alibaba today.
Want China Times — US on-demand internet streaming video provider Netflix is reportedly set to team up with Chinese conglomerate Wanda Group, which owns Wanda Cinemas as well as AMC Entertainment, to expand business in the Chinese market, the Guangzhou-based 21st Century Business Herald reports.
Times of India — MUMBAI: Tata Teleservices is applying to liberalize its CDMA airwaves in at least four circles, a possible first step towards a spectrum trading pact with Telenor’s Indian arm which needs to offer 4G services to stay relevant in the country’s competitive highspeed data market. The Tata Group company has written to the telecom department (DoT) to liberalize airwaves in Andhra Pradesh and Delhi service areas by paying the market, or auction-determined, price for spectrum and is planning to do the same for Mumbai and Maharashtra, said three people familiar with the details.
China Topix — Chinese music-streaming fans may now subscribe to iTunes Movies and iBooks as Apple Inc. has finally announced that its services are now available to Android users in China. Included on their long list of artists are both Chinese and international performers. Thus, subscribers may choose from a vast library of songs also being offered in other countries worldwide.
Times of India — NEW DELHI: Amazon.com plans to launch its video streaming service in Japan for members of its Prime paid service as it gears up for Netflix’s planned entry into the country in September. Amazon’s Prime members get unlimited access to videos under its Prime Instant Video service.
Business Korea — Naver and Daum Kakao are actively seeking to take back the local Internet service market of online video services, taxi services, and SNS from foreign companies. In particular, they have appeared to strengthen their position in the online video market by narrowing the gap with their rival YouTube. According to industry sources on Aug. 10, Korean portal operators are targeting the local market by releasing services to curb the dominance of foreign Internet giants like Google.
Telecom Asia — It’s official: Netflix Japan will start streaming on September 2. Netflix Japan has set up an official landing page, as well as accounts onTwitter, Facebook and YouTube announcing the official launch date. Netflix announced plans to enter Japan earlier this year, but hadn’t specified when it would kick off services. The OTT player already offers services in around 50 countries, and also plans to expand into Italy, Portugal, Spain, and Iceland later this year.
PRNewswire — LONDON: Pay TV revenues in the Asia Pacific region (22 countries) will grow by $10 billion between 2014 and 2020, according to Digital TV Research. The Digital TV Asia Pacific Forecasts report estimates that pay TV revenues will reach $41.52 billionby 2020. Cable TV will remain the highest pay TV earner, with revenues at $23 billion by 2020. Digital cable TV revenues will grow by 63% between 2014 and 2020 to $22.54 billion, with analog cable TV falling from $6.20 billion to $0.56 billion.
Digital News Asia — GOOGLE Inc has announced the addition of movies to Google Play in Malaysia, which would allow users to watch high-definition, full-length feature films from major Hollywood studios, including blockbusters like Kingsman, Pirates of the Caribbean, Interstellar and oldies like Ghostbusters.
Variety — Chinese e-commerce giant Alibaba has created a music division that could eventually match its ambitions in film and video. The Ali Music Group will be headed by singer-songwriter and TV host Gao Xiaosong as chairman, and by Song Ke, a former Warner Music executive, as CEO. The two veterans of the Chinese music industry previously worked together to establish Taihe Rye Music.
Times of India — NEW DELHI: Netflix added nearly a third more subscribers than expected in the second quarter, sending its shares up 9.4% as the video streaming service said its investment in original television programs and movies was paying off. Net subscriber additions rose about 94% year over year to about 3.3 million in the second quarter, beating the company’s forecast of 2.5 million.
IT News — iiNet is now “over the hump” of the capacity issues it faced with the introduction of Netflix, with further network improvements to fix remaining issues to be rolled out over the next two months, according to chief technical officer Mark Dioguardi. Dioguardi cited Netflix’s Australian ISP speed index figures as an example how much progress iiNet has made in resolving its capacity issues, especially given the company offers its customers unmetered use of the streaming video service.
Want China Times — Chinese internet video site Leshi TV (LeTV), one of the newer entrants to China’s smartphone sector, has purchased an 18% stake in domestic phone maker Coolpad through a Hong Kong subsidiary. The shares reportedly cost LeTV 2.19 billion yuan (US$353 million), making it the second-largest shareholder in Coolpad, reports Sina’s tech new portal.
Times of India — NEW DELHI: After Singapore-based on-demand internet video provider Hooq launched operations here, the pioneer of internet TV, US-based Netflix, has firmed up plans to enter India by 2016, according to people familiar with the matter. This has sent domestic DTH players into a tizzy with some of the major ones chalking out strategies to diversify beyond television. On the cards are iconic shows including Buniyaad, Nukkad and Malgudi Days on various mobile devices across iOS and Android.
Dominant South Korean chat app KakaoTalk is getting a new feature in which users can view streaming videos together, including live sports broadcasts. KakaoTV is a bit like a virtual TV in a virtual living room. It lets users view and share videos in KakoTalk chat rooms while they comment on what’s being watched. The videos appear above users’ conversations.