Viki and SBS Content Hub Sign Multi-Year Agreement to Deliver Popular Korean Shows Exclusively to European Audiences
Viki Fast Becoming Global Hub for Distributing Vertical Content into New Markets
CANNES, France, April 3, 2012 /PRNewswire/ -- MipTV – Viki, the global TV site powered by fans, today announced a partnership with SBS Contents Hub, the distribution arm of the South Korea's leading broadcaster, Seoul Broadcasting System (SBS), to simulcast popular SBS shows throughout Europe.
Viki will bring the latest SBS line up, translated into multiple languages, to European countries. The joint offering will give access to dramas, K-pop music videos, variety shows, documentaries and other exclusive content developed by SBS.
"Europe is one of the fastest growing markets for Korean content," said Razmig Hovaghimian, Viki CEO and co-founder. "We're thrilled to deepen our partnership with SBS and connect fans with great shows, including the highly anticipated dramas Ghost and Rooftop Prince."
The SBS venture marks the first time Viki has partnered with a major broadcaster to deliver exclusive localized content to Europe. Viki has distribution relationships with Hulu and Netflix in North America, Yahoo! in Southeast Asia and Samsung globally, across devices, including Smart TV.
"Partnering with Viki allows us to rapidly enter new markets previously limited by geographical boundaries," said Hwi Jin Kim, Head of Content Business of SBS Contents Hub. "Now, we can broadcast our shows to fans we haven't been able to reach before, and in partnership with Viki, we're looking to take the Korean wave in Europe to the masses."
Viki and SBS made the announcement at MipTV, a conference that brings leading TV, media and technology companies together. More details about the partnership will be announced later this year.
About Viki, Inc.
Viki is an international video site with TV shows, movies and other premium content, watched by millions and translated into more than 150 languages by a community of avid fans. With over 1 billion videos viewed and nearly 200 million words translated, Viki uniquely brings global prime-time entertainment to new audiences and unlocks new markets and revenue opportunities for content owners. Viki also syndicates its shows with fan-generated subtitles to partners such as Hulu, Netflix and Yahoo!
SBS Contents Hub, which is the distribution arm of SBS, the Korea's Leading Terrestrial Broadcaster, intends to grow into a leading international comprehensive content distribution company which operates as a content distribution hub responsible for planning, circulation and distribution concerning content from SBS Media Group, as well as creates value from content in the entertainment industry, including movie, animation, game, music, and characters.
SOURCE Viki, Inc.
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