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YOU On Demand Reaches Agreement With Galaxy Internet Television 

-Continues Expansion of YOU Hollywood OTT Service In China

 
 
   

   

NEW YORK, March 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 a distribution and service partnership with Galaxy Internet    Television Co., Ltd. ("GITV"), a joint venture founded by China National Radio,    Jiangsu Television Station, Baidu's (NASDAQ:BIDU) iQiyi and Dr. Peng Telecom Media    Group.  This marks YOU On Demand's second partnership with a    licensed Over-The-Top ("OTT") platform operator (the first being with CNTV's Future    TV).

   

Starting in April, YOU On Demand will launch its YOU Hollywood service on    current GITV platforms in 2 provinces, Zhejiang and    Jiangsu, providing some of the best in Hollywood entertainment from YOU On Demand's extensive content    library.  YOU On Demand and GITV will jointly manage programming    and operations, leveraging upon YOU On Demand's rich experience in marketing and    curating movie content.

   

Weicheng Liu, CEO of YOU On Demand commented,    "As YOU On Demand continues its commitment to provide premium and diverse    entertainment to consumers in China, I am very    pleased to announce this partnership with OTT provider, GITV.  We    are very honoured to be able to partner with the wide array of members that comprise    the GITV joint venture.  With YOU On Demand's ever-expanding video    service as well as GITV's cutting-edge platform, even more Chinese entertainment and    video enthusiasts will be able to enjoy the YOU Hollywood OTT    service.  This second partnership with a licensed OTT platform    operator will allow YOU On Demand to further access and expand its reach to an even    wider universe of Smart TVs and OTT devices." 

   

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, Twentieth Century Fox Television Distribution,    Miramax Films, Lionsgate and Magnolia Pictures, 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 Galaxy Internet Television Co., Ltd.

   

Galaxy Internet Television is a joined venture founded by CNR    (China National Radio, JSTV (JiangSu Television Station) and Baidu/ iQiyi. GITV is an    OTT license and content service provider for OTT, SmartTV and other content streaming    devices in China. The company's main service is to    provide a mandate licensing requirement by the state for all terminal devices sold in    China with capability of providing video playback    services. The company also provides Video On Demand content and CDN hosting services    with over 120,000 hours of video contents.

   

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

   

 

   

 

   

 

   

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/you-on-demand-reaches-agreement-with-galaxy-internet-television-300052298.html

   

SOURCE YOU On Demand Holdings, Inc.

 

 
    Source: PR Newswire (March 18, 2015 - 9:06 AM EDT)
   
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