YOU On Demand Signs Carriage Agreement With China's Hubei Cable Subscription base grows to 7.2 million homes
NEW YORK, Aug. 28, 2012 /PRNewswire/ -- YOU On Demand Holdings, Inc. (NASDAQ: YOD), China's leading national Pay-Per-View (PPV) and Video On Demand (VOD) platform, has signed a carriage agreement with cable operator Hubei Chutian Radio & Television Information Network Company.
Hubei has 1.7 million subscribers in the cities of Wuhan, Yichang, Xiantao, Xianmen and Qianiiang. They will now have access to both YOU On Demand's Transactional Video On Demand (TVOD) and Subscription Video On Demand (SVOD) packages. With the addition of Hubei Cable, YOU On Demand is now available in 7.2 million homes.
"We are thrilled to have Hubei Cable join the roster of cable operators in China that are partnering with YOU On Demand," said Shane McMahon, Chairman and CEO of YOU On Demand. "We look forward to providing their customers with the best in home entertainment."
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.
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.