NEW YORK, March 18, 2015 /PRNewswire/
-- YOU On Demand Holdings, Inc. (NASDAQ: YOD)
("YOU On Demand" or "YOD"), a leading Video On Demand ("VOD")
service provider in China
delivering Hollywood movies and
premium content to mobile and TV screens, announced today a
distribution and service partnership with Galaxy Internet
Television Co., Ltd. ("GITV"), a joint venture founded by China
National Radio, Jiangsu Television Station, Baidu's (NASDAQ:BIDU)
iQiyi and Dr. Peng Telecom Media Group. This
marks YOU On Demand's second partnership with a licensed
Over-The-Top ("OTT") platform operator (the first being with CNTV's
Future TV).
Starting in April, YOU On Demand will launch its YOU
Hollywood service on current GITV platforms in 2 provinces,
Zhejiang and Jiangsu, providing some of the best in
Hollywood entertainment from YOU
On Demand's extensive content library. YOU On
Demand and GITV will jointly manage programming and operations,
leveraging upon YOU On Demand's rich experience in marketing and
curating movie content.
Weicheng Liu, CEO of YOU On
Demand commented, "As YOU On Demand continues its commitment to
provide premium and diverse entertainment to consumers in
China, I am very pleased to
announce this partnership with OTT provider,
GITV. We are very honoured to be able to partner
with the wide array of members that comprise the GITV joint
venture. With YOU On Demand's ever-expanding
video service as well as GITV's cutting-edge platform, even more
Chinese entertainment and video enthusiasts will be able to enjoy
the YOU Hollywood OTT service. This second
partnership with a licensed OTT platform operator will allow YOU On
Demand to further access and expand its reach to an even wider
universe of Smart TVs and OTT
devices."
About YOU On Demand Holdings, Inc.
(http://corporate.yod.com)
YOU On Demand (NASDAQ: YOD), is a leading
multi-platform entertainment service company delivering premium
content, including leading Hollywood movie titles, to customers across
China via Subscription Video On
Demand and Transactional Video On Demand. The Company has secured
alliances with leading global media operators and content
developers. YOU On Demand has content distribution agreements
in place with many of Hollywood's top studios including Disney
Media Distribution, Paramount Pictures, NBC Universal, Twentieth
Century Fox Television Distribution, Miramax Films, Lionsgate and
Magnolia Pictures, as well as a broad selection of the best content
from Chinese filmmakers. The Company has a comprehensive end-to-end
secure delivery system, governmental partnerships and approvals and
offers additional value-added services. YOU On Demand has strategic
partnerships with the largest media entities in China, a highly experienced management team
with international background and expertise in Cable, Television,
Film, Digital Media, Internet and Telecom. YOU On Demand is
headquartered in New York, NY with
its China headquarters in
Beijing.
About Galaxy Internet Television Co.,
Ltd.
Galaxy Internet Television is a joined venture
founded by CNR (China National Radio, JSTV (JiangSu Television
Station) and Baidu/ iQiyi. GITV is an OTT license and content
service provider for OTT, SmartTV and other content streaming
devices in China. The company's
main service is to provide a mandate licensing requirement by the
state for all terminal devices sold in China with capability of providing video
playback services. The company also provides Video On Demand
content and CDN hosting services with over 120,000 hours of video
contents.
Safe Harbor Statement
This press release contains certain statements that may
include "forward looking statements." All statements other than
statements of historical fact included herein are "forward-looking
statements." These forward looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission
and available on its website (http://www.sec.gov). All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
CONTACT:
Jason
Finkelstein
YOU On
Demand
212-206-1216
jason.finkelstein@yod.com
@youondemand
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SOURCE YOU On Demand Holdings, Inc.