YOU On Demand Signs Guangxi Cable For Video On Demand In China
Increases Distribution to 18.2 Million Cable Homes Passed Nationally
NEW YORK, Jan. 7, 2013
NEW YORK, Jan. 7, 2013 /PRNewswire/ --YOU On Demand Holdings, Inc. (NASDAQ:
YOD) ("YOU On Demand") China's leading national Pay-Per-View (PPV) and Video
On Demand (VOD) platform, has signed a carriage agreement with cable operator
Guangxi Cable, the sole cable operator in the southern province of Guangxi.
Guangxi Cable provides service to five million cable homes.
Starting in January, Guangxi Cable's VOD-ready customers will be able to enjoy
YOU On Demand's Transactional Video On Demand (TVOD) and Subscription Video On
Demand (SVOD) offerings.These include YOU On Demand's "YOU Cinema On Demand"
SVOD service that makes available hundreds of hours ofHollywoodfilms with
new titles added every week, as well as, YOU On Demand's "CHC Cinema On
Demand"service, which provides the ability to choose among hundreds of
award-winning domestic movies each month.
"It's very exciting to be a part of Guangxi Cable's programming and to have
them carry our service," saidShane McMahon, Chairman and CEO of YOU On
Demand. "With the addition ofGuangxi Cableto our family of cable operators,
YOU On Demand is off to a great start in reaching our year-end 2013 goal of 30
million cable homes passed."
YOU On Demand currently has content deals in place with many ofHollywood's
top studios including Warner Bros. Entertainment, Disney Media Distribution,
Paramount Pictures, NBCUniversal, Lionsgate, Miramax, and Magnolia Pictures,
as well as a broad selection of the best content from independent and Chinese
About YOU On Demand Holdings, Inc.
YOU On Demand is the leading national Pay-Per-View and Video On Demand
platform inChina. The Company offers high quality premium content to
customers acrossChinathrough 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
YOU On Demand has secured strategic partnerships with the largest media
entities inChina, and has a highly experienced management team with a strong
background in Cable, Television, Media and Telecom. The company is
headquartered inNew York, NY, with itsChinaheadquarters inBeijing. For
more information, visithttp://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
YOU On Demand
SOURCE YOU On Demand Holdings, Inc.
Press spacebar to pause and continue. Press esc to stop.