YOU On Demand Expands To Internet TV Platform For Video On Demand In China Signs with China Network Television's Future TV
NEW YORK, Sept. 4, 2012 /PRNewswire/ -- YOU On Demand Holdings, Inc. (NASDAQ: YOD), China's leading national Pay-Per-View (PPV) and Video On Demand (VOD) platform, announced today that it has signed a distribution deal with China Network Television's (CNTV) subsidiary, Future TV Co. Ltd. Future TV, the main operational entity of CNTV's internet TV business is the first internet television platform approved by China's State Administration of Radio, Film and Television (SARFT).
The signing with Future TV represents an expansion of YOU On Demand's services from cable to the internet television platform, thus increasing the number of customers who can view the wide variety of films YOU On Demand delivers each month through its Transactional Video On Demand (TVOD) and Subscription Video On Demand (SVOD) packages.
"YOU On Demand is always looking at the best distribution platforms in order to offer the highest quality entertainment," said Shane McMahon, Chairman and CEO of YOU On Demand. "We are honored to partner with CNTV's Future TV and are looking forward to reaching this new consumer base."
YOU On Demand currently has content deals in place with many of Hollywood's top studios including Warner Bros. Entertainment, Disney Media Distribution, Paramount Pictures, Lionsgate, Miramax and Magnolia Pictures, as well as a broad selection of the best content from independent and Chinese filmmakers.
About YOU On Demand Holdings, Inc.
YOU On Demand is the leading national Pay-Per-View and Video On Demand platform in China. The Company offers high quality premium content to customers across China through its Near Video On Demand (NVOD), Video On Demand (VOD) and Subscription Video On Demand (SVOD) services. The Company consists of a portfolio of businesses that include alliances with leading media operators, comprehensive end-to-end content delivery, an exclusive billing solution, governmental partnerships and approvals, and value added services.
YOU On Demand has secured strategic partnerships with the largest media entities in China, and has a highly experienced management team with a strong background in Cable, Television, Media and Telecom. The company is headquartered in New York, NY, with its China headquarters in Beijing. For more information, visit http://www.yod.com.
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.
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SOURCE YOU On Demand Holdings, Inc.