NEW YORK, April 28, 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 strategic partnership with C
Media, where YOD's YOU Cinema service will become available to tens
of millions of train passengers through C Media's proprietary and
recently launched railway Wi-Fi service platform ("C Rail
Wi-Fi").
In 2014, C Media secured the concession rights, via the
appropriate regional railway administrations, to exclusively
operate the Wi-Fi service on express and high-speed trains. To
date, C Media has approximately 1,000 trains under its concession
agreements and 140 trains already installed with C Rail Wi-Fi,
making C Media the largest railway carriage Wi-Fi service provider
in China, with immediate access to
over 70 million captive consumers on board these 140 trains,
annually. Once fully rolled out to all 1,000 trains, C Rail Wi-Fi
will become a major gateway for YOU On Demand to access several
hundred million travellers each year.
YOU Cinema will be made available to train passengers as an
integral part of the C Rail Wi-Fi service, as well as an
independent mobile app that users, once disembarked from the train,
can continue to enjoy through continuous access on their mobile
device as a regular service subscriber. Over the next six months,
the two companies will work closely together to develop the most
effective marketing and revenue models for this collaboration while
it is being actively rolled out.
"This deal marks the continued operational cooperation between
YOU On Demand and C Media, following C Media's strategic investment
in YOU On Demand in 2013," Weicheng
Liu, CEO of YOU On Demand stated. "We are very excited to
work with C Media on this significant opportunity specifically as
it relates to the size and scope of potential customers that YOU On
Demand will have access to. The captive nature of a train car
where travellers have several hours of quiet and uninterrupted time
blends itself seamlessly to watching high quality long form video
such as Hollywood and domestic
movies and other premium content."
Mr. Xuesong Song, Chairman and
CEO of C Media said, "We continue to be impressed with YOU On
Demand's penetration into the mobile and OTT space and believe the
YOU Cinema offering fits perfectly with the C Rail Wi-Fi platform
service. Our initial trials indicate that movies and full-length
feature films rank among the top content and entertainment desired
and consumed by train passengers on their commute or journey. We
look forward to partnering with YOU On Demand on this massive
roll-out as well as other projects in the future."
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 and Twentieth Century Fox Television Distribution, 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 C Media Limited
(www.cmmobi.com)
Founded in 2004, C Media is a mobile internet company offering a
variety of mobile internet services via its railway Wi-Fi network
and factory dorm Wi-Fi network in China. C Media is the
largest railway Wi-Fi operator to exclusively operate carriage
network service in its contracted trains installed with C Rail
Wi-Fi system in China. The Company
also provides mobile internet services to dormitory workers via
Wi-Fi networks installed in factory dormitories. The Company's
mobile internet services span video, game, e-reading, music,
e-commerce and social networking, etc. Content distribution and
services are enabled through its own mobile apps ("Luokuang") and
its proprietary operation platform.
In 2012 and 2011, the company ranked 3rd and 23rd in the winner
lists of Deloitte Technology Fast 50 China, respectively; it was
also ranked 6th and 133rd in the winner lists of Deloitte
Technology Fast 500 Asia Pacific in the past two years.
C Media is headquartered in Beijing with more than 300 employees. It has
wholly owned subsidiaries and branches in Suqian of Jiangsu province, Shenzhen, Guangzhou, Wuhan and Chongqing. The company has received
certifications for High and New Technology Enterprises, Software
Enterprises, and ISO9001. It also holds the licenses and permits of
Audio/Video Programs Dissemination via Information Networks,
Value-added Service Business, Radio and Television Program
Production, Internet Culture Operation, together with more than 40
software copyrights and patents.
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.