Asia Pacific online SVOD revenue increased by 34% to $16bn in 2020
While AVOD revenue was down 3%, the region’s online video sector as a whole grew by 14% to reach a combined $30.5bn, according to MPA report.
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Comment: Quibi’s demise and the true nature of snackable content
Before Jeffrey Katzenberg had a crack with Quibi, French media conglomerate Vivendi also tried and failed in the business of quick bites.
Read moreTencent joins China tech trend to set up shop in Singapore
Decision to double down on Southeast Asia makes sense given the growing resistance that Chinese tech companies are facing in the US and India.
Read moreTikTok sues US government over Trump executive order
China-owned short video app is claiming that Trump’s executive order forcing the sale of its US assets is unlawful and unconstitutional.
Read moreiflix partners with TikTok on short-form video content
TikTok’s short-form viral videos from around the world will be available to iflix users on a dedicated TikTok channel.
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