SHANGHAI, China, April 29, 2014 /PRNewswire/ -- Today Microsoft Corp. announced that in partnership with BesTV New Media Co., a subsidiary of Shanghai Media Group, Xbox One will launch into China in September of this year.
The all-in-one games and entertainment system will be the first of its kind to launch in the country, creating mutual opportunities for developers in China to bring their creative content to life both at home and abroad. Xbox One will offer content such as games, entertainment, education and fitness experiences.
This is a major step in the partnership between BesTV and Microsoft after forming their joint venture, E-Home Entertainment Development Company Ltd. in September 2013, when the two jointly announced plans for a new generation of home entertainment and gaming experiences. As part of this, E-Home Entertainment was the first company registered through the Shanghai Free Trade Zone (SFTZ).
"Launching Xbox One in China is a significant milestone for us and for the industry, and it's a step forward in our vision to deliver the best games and entertainment experiences to more fans around the world," said Yusuf Mehdi, corporate vice president, marketing and strategy, Devices and Studios, Microsoft. "BesTV has a rich history of delivering innovative entertainment content. It is the ideal partner with which to bring the Xbox business to China."
"The launch of Xbox One here will bring distinction as the first-ever game console with OTT functionality in China," said Dazhong Zhang, senior vice president, Shanghai Media Group, and chairman, E-Home Entertainment Development Company Ltd. "The launch of Xbox is a milestone for our company in the family entertainment market and will create profit growth opportunities. Furthermore, we will continue our investment and support into research and development for gaming content together with Microsoft. Via our cooperation with the world's leading team, we will continue to develop video games fused with Chinese culture and provide further distribution support for locally produced Chinese video game content to the world."
The culture of games and entertainment is rapidly expanding in China, with nearly half a billion people playing games — roughly more than a third of the country's population and more than the entire population of North America. The gaming industry alone generated more than $13 billion in 2013, a growth of 38 percent over 2012.* While much of that comes from PC, mobile and online gaming, the SFTZ opens the opportunity for Xbox One to bring the next generation of games, entertainment, online education and fitness to a burgeoning market.
"I congratulate BesTV and Microsoft on their joint announcement that the home entertainment system Xbox One will be available in China this September," said Zhu Yonglei, director of the Shanghai Municipal Press Office. "This is a major achievement for the Shanghai Free Trade Zone, and the collaboration between these two leading brands will bring an unprecedented entertainment experience to consumers in China."
Enwei Xie will lead Xbox China for Microsoft, bringing years of Microsoft experience both in China and abroad to the endeavor. As general manager of Xbox China, he will also have operation and management responsibility for the joint venture.
"The opportunities are endless for creators to unleash their imaginations for games, online education and fitness experiences for China and beyond," said Xie. "Creators and gamers alike have eagerly awaited a new generation of entertainment experiences in China, and their wait will be over with the arrival of Xbox One this year."
As part of the partnership, E-Home Entertainment is investing in an innovation program that will enable creators and developers to build, publish and sell their games on Xbox One in China and in other markets where Xbox is available. Within China, Microsoft will work with traditional retailers to establish a new growth category and partner with BesTV to explore expanded channel opportunities in the telecommunications segment.
This global expansion into new markets later this year continues the most successful launch in Xbox history. More than 5 million Xbox One consoles have been sold-in to retailers in the 13 countries where it's available today, representing more than 60 percent greater sales than Xbox 360 in the same time period. Building upon this momentum, in September Xbox One will be available in 42 total markets worldwide.
More product and pricing details for Xbox One in China will be shared later this year. For more details about Xbox One, visit www.xbox.com. Press releases and media assets are available at http://news.xbox.com/media.
BesTV New Media Co Ltd (SHA: 600637), a subsidiary of Shanghai Media Group (SMG), launched its IPO on the Shanghai Stock Exchange as the first new media stock in China.
BesTV's main businesses include Internet protocol television (IPTV) business, home entertainment, OTT set-top boxes, network video business, mobile television business, smart television business, multimedia production business and digital media platform design and construction, firmly establishing the company as a global leader in China's growing "family entertainment" industry. More information about BesTV can be found online at www.bestv.com.
Xbox is Microsoft's premier entertainment brand for the TV, phone, PC and tablet. In living rooms or on the go, Xbox is home to the best and broadest games, as well as one of the world's largest libraries of movies, TV, music and sports. Your favorite games, TV and entertainment come to life in new ways through the power of Kinect, Xbox SmartGlass and Xbox Live, the world's premier social entertainment network. More information about Xbox can be found online at http://www.xbox.com.
Founded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
* Source: China Games Industry Annual Conference
The information contained in this press release relates to a pre-release product that may be substantially modified before its first commercial release. Accordingly, the information may not accurately describe or reflect the product when first commercially released. The press release is provided for informational purposes only, and Microsoft makes no warranties, express or implied, with respect to the press release or the information contained in it.
SOURCE Microsoft Corp.