YOU On Demand Holdings Inc. (NASDAQ: YOD), China’s Newest Cable Provider
You On Demand Holdings Inc. (NASDAQ: YOD), the largest pay-per-view provider in China, inked a deal earlier this month with Guangxi Cable, the only cable operator in the southern province of Guangxi China. Guangxi Cable is a service provider to over five million homes in the region. Beginning immediately, Guangxi Cable’s clients will be able to utilize YOU On Demand’s Transactional Video On Demand (TVOD) and subscription video service offerings including YOU On Demand’s “YOU Cinema On Demand” service. Literally hundreds of hours of Hollywood films with new titles every week will be aired giving customers far more leverage in their viewing choices. YOU presently has deals Hollywood’s major studios including Disney Media Distribution, NBCUniversal, Miramax, Lionsgate and Warner Brothers, as well as a broad selection from independent and Chinese filmmakers. The joint venture with Guangxi is status quo for foreign media companies operating in China. An alliance with a Chinese company is standard operating procedure in order to do business there. You currently has a 20 year contract.
