NEW YORK, April 28, 2014 /PRNewswire/ -- YOU On Demand
Holdings, Inc. (NASDAQ: YOD), a leading multi-platform
entertainment and Video On Demand company in China, announced today that its YOU Cinema
movie subscription service made its commercial debut on the Xiaomi
over-the-top ("OTT") set-top box as part of YOU On Demand's
previously announced distribution deal with China Network
Television's (CNTV) subsidiary, Future TV Co. Ltd.
Future TV, operating under CNTV's Internet TV broadcasting
control license, provides OTT television services to millions of
Chinese consumers who receive the service on either their
internet-enabled television sets or OTT set-top boxes. Xiaomi
is a leading and prominent mobile phone and OTT device manufacturer
who has sold over 40 million phones and more than 1 million Xiaomi
OTT boxes ("Xiaomi Box") over the
past 12 months. The YOU Cinema movie service is being made
available first to all Xiaomi Box
users and will soon be expanded to cover other Future TV authorized
OTT devices and internet-enabled TVs.
YOU Cinema is a paid movie subscription service offering
subscribers either a monthly or annual subscription package of
movie library titles curated from YOU On Demand's numerous
Hollywood studio partnerships.
A transactional component that offers newer movie titles for
one-off purchases will be added to the YOU Cinema service in the
near future.
"We are very pleased with the smooth rollout of our YOU Cinema
service on one million Xiaomi Boxes and are very much encouraged by
the active adoption of our service by younger Chinese consumers who
continue to embrace OTT services," said Weicheng Liu, CEO of YOU On
Demand. "We are honored to partner with Future TV and
are looking forward to reaching their expanding consumer base as
they continue partnering with more OTT terminal manufacturers."
About YOU On Demand Holdings, Inc.
(http://corporate.yod.com)
YOU On Demand
(NASDAQ: YOD), is a leading multi-platform entertainment company
delivering premium content, including leading Hollywood and China-produced 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, Warner
Bros., 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.
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:
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Jason
Finkelstein
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Robert Rinderman or
Norberto Aja
|
YOU On
Demand
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JCIR
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212-206-1216
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212-835-8500
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jason.finkelstein@yod.com
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YOD@jcir.com
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@youondemand
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SOURCE YOU On Demand Holdings, Inc.