UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 18,
2015
YOU ON DEMAND HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Nevada |
001-35561 |
20-1778374 |
(State or other jurisdiction |
(Commission |
(IRS Employer |
of incorporation) |
File Number) |
ID Number) |
375 Greenwich Street, Suite 516
New York, New York
10013
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code:
212-206-1216
Not Applicable
(Former name or former address, if
changed since last report.)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a -12)
[ ] Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
[ ] Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
Item 7.01 Regulation FD Disclosure.
On June 18, 2015, YOU On Demand
Holdings, Inc. (NASDAQ:YOD) (YOU On Demand), issued a press release announcing
that based on the collaborative success of its original partnership (from August
2014) with Beijing Hiveview Technology Co, Ltd., a wholly owned subsidiary of
Dr. Peng Telecom and Media Group, Ltd. (publicly listed on the Shanghai Stock
Exchange) (Dr. Peng Group), both companies have agreed to expand the existing
distribution agreement to closer integrate YOU On Demands services with Dr.
Peng Groups branded consumer products and broadband services. A copy of the
press release is furnished hereto as Exhibit 99.1 and incorporated by reference
herein.
The information furnished under
this Item 7.01 and in Exhibit 99.1 hereto, is being furnished pursuant to Item
7.01 of Form 8-K and shall not be deemed to be filed for purposes of Section
18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or
otherwise subject to the liabilities of that section, nor shall it be deemed
incorporated by reference in any filing made by the Company under the Securities
Act of 1933, as amended, or the Exchange Act, except as shall be expressly set
forth by specific reference in such a filing.
Item 8.01 Other Events.
See the disclosure in Item 7.01 above.
Item 9.01 Financial Statements and Exhibits.
SIGNATURES
Pursuant to the requirements of
the Securities Exchange Act of 1934, as amended, the registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly
authorized.
YOU ON DEMAND HOLDINGS, INC.
By: /s/ Weicheng
Liu
Name: Weicheng
Liu
Title: Chief Executive
Officer
Date: June 24, 2015
Exhibit 99.1
YOU On Demand and Dr. Peng Group Expand Partnership with
Bundled Service Offering
By PR Newswire, June 18, 2015, 09:08:00 AM EDT
- Dr. Peng Group to provide 1-year or 2-years of YOU
Hollywood service to new purchasers of Domy OTT Boxes and Smart TVs
NEW YORK, June 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 that based on the collaborative success
of its original partnership (from August 2014) with Beijing Hiveview Technology
Co, Ltd. ("Hiveview"), a wholly owned subsidiary of Dr. Peng Telecom and Media
Group, Ltd. (publicly listed on the Shanghai Stock Exchange) ("Dr. Peng Group"),
both companies have agreed to expand the existing distribution agreement to
closer integrate YOU On Demand's services with Dr. Peng Group's branded consumer
products and broadband services.
Dr. Peng Group is the largest private
telecommunications operating company in China, with broadband coverage reaching
approximately 9 million homes across the country. Hiveview is the operating
entity of the Domy line of products, and is responsible for development,
production, operations, sales and marketing of the Domy Over-the-Top (OTT)
set-top box ("Domy Box") and the Domy Smart TV.
Under the expanded collaboration and special promotion, Dr Peng
Group will provide 1-year or 2-years of automatically activated and bundled YOU
Hollywood service, to both the first 2 million purchasers of Dr. Peng's new Domy
Box and the first 200,000 purchasers of the new Domy Smart TV, the latter of
which was initially launched in April 2015. The fee for the YOU Hollywood
service will be built into and included in the sale price of each individual
piece of hardware. Upon the sale of a device, YOU On Demand will receive payment
from Dr. Peng Group.
This latest collaborative effort between YOU On Demand and Dr.
Peng Group is officially being launched later this month on both hardware
devices. These new consumer products, coupled with Dr. Peng's superior
high-speed closed network broadband service, will allow users to seamlessly
stream HD quality YOU Hollywood content.
Hiveview is anticipating approximately 3 million Domy Box users
and 500,000 Domy Smart TV users by the end of 2015. According to Hiveview's
operational data, there are currently over 2 million users of the Domy Box since
its launch in March 2014, amongst which 40% of whom are considered "active" on a
daily basis. An average Domy Box user watches close to 4 hours of content on a
daily basis.
The promotional launch of this new collaboration will initially
target over 108 cities in China, including Beijing, Tianjing, Shanghai,
Guangzhou, Shenzhen and other major regions across China.
The newest Domy products, coupled with the YOU Hollywood
service, will be heavily marketed through multiple channels including: Dr.
Peng's existing e-commerce platform and website, Dr. Peng Group's broadband
service centers located in key locations in all 108 targeted cities including
prime residential areas, both YOU On Demand's and Dr. Peng's official company
Weibo and WeChat platforms, as well as other sales channels and social media
outlets.
CEO Weicheng Liu, commenting on the partnership, stated, "We
are thrilled about the strong working relationship that continues to develop
between YOU On Demand, Dr Peng Group and its subsidiary Hiveview. With the Domy
Box establishing itself as a top device contender in the OTT space, coupled with
the introduction of the new Domy Smart TV that is expected to quickly gain a
strong foothold in the market, we are excited that these innovative products,
which feature the YOU Hollywood HD service, will allow for Chinese video
consumers to experience our extensive content offering off of Dr. Peng Group's
advanced closed network system which boasts 100Mbps bandwidth to the home.
Penetration of our services on both Dr Peng's continually expanding hardware
lines, in addition to the 108 cities that will experience this promotional
launch, is another strong step for YOU On Demand as the company continues to
pursue its 'anytime and anywhere' strategy of both viewing and delivering
premium content."
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 Dr. Peng Telecom & Media Group Co., Ltd
(www.drpeng.com.cn)
Dr. Peng Telecom & Media Group Co., Ltd. (publicly listed
on the Shanghai Stock Exchange) provides value-added telecommunications
services. The company offers Internet access, e-government, Internet data
center, and private network and operations services, as well as network security
monitoring, city surveillance, toll-shunt, and other value-added network
services. Its security monitoring solutions include security surveillance camera
unit installation, line connections, data storage, control center, monitoring
center construction, maintenance services, and operations services. The company
also engages in advertising design, production, agency, publishing, information
consultation, exhibition, cultural, and art exchange activities; and other
services in the fields of newspapers, magazines, television, radio, Internet,
and taxi streaming media, as well as commercial brand planning, news, public
relations, government relations, and market research businesses. It operates
approximately 20,000 kilometers of metropolitan fiber optic network in Beijing.
In addition, the company is involved in educational software and a steel
smelting businesses. The company was formerly known as Chengdu Dr. Peng Telecom
& Media Group Co., Ltd. and changed its name to Dr. Peng Telecom & Media
Group Co., Ltd. in September 2013. Dr. Peng Telecom & Media Group Co., Ltd.
was founded in 1985 and is headquartered in Chengdu, China.
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
corporate.yod.com
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