Moscow, May 30, 2016 – SPB TV AG, a leading global provider of end-to-end OTT TV, IPTV and mobile TV solutions, and Shanghai Media Group (SMG), one of China's largest media holdings, announced mutual commitments for further cooperation in broadcasting Chinese content worldwide via the SPB TV application at World Content market, which took place May 30 to June 1.
The announcement was made during a Chinese Showcase at the World Content Market, which included Chinese media companies’ presentations and speeches from both the Chinese and Russian sides. The Chinese Showcase became a part of the Year of Russian and Chinese media, announced by the governments of both countries. SPB TV’s CEO Kirill Filippov and Vice president of Shanghai Oriental Pearl Media, General manager of Shanghai WingsMedia He Xiao lan have signed an agreement for broadcasting SMG’s VOD content worldwide.
The agreement continues the companies’ cooperation. A year ago an agreement was signed, transferring the rights for SMG live-content broadcasting (Dragon TV International channel) to SPB TV.
"We are glad to continue our cooperation with SMG in order to provide our viewers with interesting content from China. This new signed agreement will allow us to provide not only live content, but VOD as well, and to do so worldwide via our applications, which are available to more than 53 million people," said SPB TV general director Kirill Filippov.
“Chinese content broadcasting on the Russian developer's platform proves the potential for Russian-Chinese relations in new media sphere development. It’s significant, that this agreement was signed in the year, officially called ‘the year of cooperation in the sphere of media’ by both countries,” emphasized Russian deputy minister of telecom and mass communications Alexey Volin.
SPB TV started broadcasting content from China in 2013, when Xinhua information agency’s TV-channels CNC World Chinese and CNC English were launched. In 2015, Dragon TV (SMG media holding channel) was added to the application. In 2015, SPB TV signed an agreement with CNTV, Chinese Internet-television (CCTV tele-holding’s affiliate) for broadcasting its CCTV-4 (Chinese International), CCTV-9 Documentary, CCTV NEWS, CCTV Français, CCTV Español, CCTV Russian and CCTV Arabian channels.
SPB TV AG is a leading global provider of end-to-end OTT TV, IPTV and mobile TV solutions. SPB TV solutions provide stable video delivery and playback across any network, award-winning intuitive UIs for TVs, computers, tablets and mobiles, effective monetization tools and engaging interactivity features. SPB TV solutions are integrated by large network operators and media companies, like Lebara, MTS, Tele2, Beeline, Amedia, StarHub, and recognized through many prestigious awards, including CSI Awards, TV Technology Europe STAR Awards, Mobile Entertainment Awards, Google Developer Challenge and others. Over 40 million people worldwide watch OTT TV through SPB TV services. SPB TV AG is headquartered in Switzerland, with R&D headquarters in Russia and affiliates in Asia and South America.
Shanghai Media Group or SMG is one of China’s largest media and cultural conglomerates, with the most complete portfolio of media and related businesses. The Oriental Pearl New Media Company under the umbrella of SMG is the first cultural company with a market capitalization totaling more than 100 Bln RMB on the Shanghai Stock Exchange. It straddles over content, platform and services and ranks 5th among all Chinese internet companies in terms of market value. By June of 2015, SMG has more than RMB 61 Bln in assets and about 17,200 employees.
SMG’s businesses span operations of radio and TV networks, signal transmission, newspapers and magazines, drama and film production and distribution, OTT and streaming, IPTV, online and console gaming, digital advertising, home shopping and e-commerce, financial data and information services, children’s arts training, TV post-production services, live entertainment, tourism and cultural investments, etc.
SMG has 15 cable and satellite TV networks, 13 radio frequencies, 15 subscription-based digital pay TV channels, 8 newspapers and magazines and transmits signals via airwaves, cables, satellite and IPTV. On the content side, SMG is a leading powerhouse in China in the production of TV and films, animation and documentaries. New media is a top priority for SMG. It is poised to set up a new media eco-system with the operation of mobile TV, OTT, web portals, apps and cloud services. SMG is also a strong player in live entertainment, owning 9 top art troupes, one circus school, 8 theatres, a number of live entertainment companies. In addition, SMG possesses some of the most famous landmark properties in Shanghai including the Oriental Pearl TV Tower, the Mercedes Benz Arena and the International Convention Center. On the e-commerce front, SMG’s home-shopping is one of the largest in China with sales revenue of 8.5 bln RMB in 2014. SMG is also setting foot in cultural investments. It holds 20% of the shares of the Shanghai Disney Resort and has invested in a number of cultural investment funds including the China Media Capital, Shanghai Culture Industrial Investment Fund and the LDVP Venture Capital Fund.