Louise Duffy ©RapidTVNews | 15-08-2011
City Telecom’s wholly-owned subsidiary, Hong Kong Media Production Company, is to develop a state-of-the-art multimedia production and distribution centre in Hong Kong.
The Multimedia Centre is expected to come into operation in 36 months’ time. Different from traditional TV centres, it will be an open platform with partnership potential for both overseas and local parties. There will be a number of TV studios, an exhibition centre for educational purposes, a post-production suite that will support super HD and 3D production, as well as administration offices.
The centre will develop interactive multimedia content that is optimised for internet access via multiple screen types such as connected TVs, personal computers, tablets, smartphones, etc. The facilities will offer a complete solution for global internet distribution, incorporating a datacentre to process, store and distribute content.
Chairman of City Telecom, Ricky Wong, said: “Hong Kong is renowned for its creativity. To sustain our competitive edge, we will need solid support on the production side. That's why we decided to build a world-leading state-of-the-art multimedia centre.
“Our primary focus will go beyond the local Hong Kong market, on opportunities in the mainland market. With surging broadband penetration and lifestyle changes, internet content has become increasingly important in China. There are more than 2,000 television and movie production companies in China, out of approximately 14,000 television episodes produced each year, but fewer than half make it to broadcasting. Total revenues of China's internet content market grew rapidly from RMB0.5b (£49m) in 2006 to RMB2.8b (£261m) in 2009, which makes evident the huge demand for professional produced content and thus creativity and production support."