PCCW takes majority share in Vuclip for OTT expansion
DetailsRebecca Hawkes | 13 March 2015
Hong Kong entertainment group PCCW Media is to acquire a majority stake in Vuclip, a mobile video-on-demand (VOD) service platform, which currently operates in six countries in Asia and the Middle East.
It is the first international foray for the digital video arm of PCCW, which operates Hong Kong pay-TV service now TV and over-the-top (OTT) service MOOV music.
"Our vision is to expand beyond Hong Kong by offering industry-leading OTT services. Together, Vuclip and PCCW Media will develop a best-of-breed OTT platform that provides immediate access to PCCW Media's premium Asian content set (including Korean, Japanese, and Chinese language content) across a much expanded audience base in the Asian continent and other regions," said Janice Lee, managing director, PCCW Media.
"The integrated billing solution that Vuclip has developed with its telecom partners in various markets will enable us to fast track our OTT video and music penetration globally," she added.
Vuclip currently serves more than seven million mobile subscribers per quarter in India, Indonesia, Malaysia, Thailand, UAE and Egypt, and plans to expand into other Southeast Asian, African and Middle East countries this year. Its content library includes over a million titles, including Bollywood and Hollywood films, TV shows, entertainment and sports news, and music videos in 25 different languages, including English, Hindi, Tamil, Telugu, Indonesian Bahasa, Arabic, Malay and Thai.
Dr Nickhil Jakatdar, founder and CEO, Vuclip, added: "As a leader in mobile video for emerging markets, we have always strived to meet the needs of our users with a combination of our innovative technology and a strong partner ecosystem comprised of content studios, mobile operators and advertisers. With the synergies between PCCW Media and Vuclip, we can now serve the emerging markets better and accelerate our global expansion."