NEW YORK, Dec. 11, 2014 /PRNewswire/ -- YOU On Demand
Holdings, Inc. (NASDAQ: YOD) ("YOU On Demand"), a leading Video On
Demand ("VOD") service provider in China delivering Hollywood movies to mobile and TV screens,
today announced a strategic partnership with Southern Media
Corporation ("SMC"), to deliver feature films to SMC's 3GTV mobile
video platform. The mobile video platform currently serves 6
million subscribers through China Mobile, China Unicom and China
Telecom in Guangdong, a province
which has the largest mobile service and movie box office in
China.
The service will be jointly operated and marketed by SMC and YOU
On Demand and will feature recently released blockbusters and
library movie titles from YOU On Demand's multiple content
partners.
In conjunction with this launch, YOU On Demand will also enter
into an expanded strategic cooperation agreement with SMC.
The partnership will help guide the long-term growth for both YOU
On Demand and SMC by expanding to other SMC platforms and TV
channels both within Guangdong and
across China.
SMC and YOU On Demand will host an official launch event on
December 13, in Guangzhou, the capital and largest city of
Guangdong province in South
China. Mr. Zhang Huijian,
Chairman of SMC, Ms. Zhirong Ye,
President of SMC, the head of China Mobile Guangdong and
Weicheng Liu, CEO of YOU On Demand
will participate and speak at the event. Over 50
regional media outlets will attend and get an opportunity to
explore and experience the mobile platform on smartphone devices
that will be distributed on site.
"We are proud of this strategic partnership with SMC and all of
the hard work that went into making this launch successful," said
Weicheng Liu. "This will be an
extraordinary opportunity for SMC's current and quickly expanding
mobile subscriber base to enjoy YOU On Demand services on the
backbone of well-established 3GTV mobile platform.
Additionally I look forward to working with SMC on more strategic
initiatives as YOU On Demand continues its commitment to provide
rich and diverse content to customers anytime/anywhere on multiple
screens and multiple platforms."
"We are excited to showcase YOU On Demand on our mobile TV
platform. This is an important first step of a symbiotic
relationship that will develop deep benefits for both
companies. Right after the official mobile launch we will
turn our attention to bringing the YOU On Demand brand to an
expanded universe of Southern Media's loyal subscriber base," said
Ms. Zhirong Ye, President of
SMC.
Southern Media Corporation
(www.3GTV.net)
Southern Media Corporation is a wholly owned operating
subsidiary of Guangdong Television Station. SMC's primary
businesses includes cable network television, media operations,
advertising, digital distribution, new media, content
marketing, cable network support, television content production,
digital magazine publication and other related activities.
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 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:
Jason
Finkelstein
YOU On
Demand
212-206-1216
jason.finkelstein@yod.com
@youondemand
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SOURCE YOU On Demand Holdings, Inc.