Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Rumor: PPTV, Xinhuanet to Establish News Video JV

TechWeb, 9/13/11

Chinese P2P streaming video platform PPLive (PPTV) and Xinhua News Agency's Xinhuanet plan to establish a joint venture in Beijing, according to an industry source who could not divulge any further details.

PPTV reportedly planned to invest in short news video production after it completed fourth-round funding in early 2011, but, due to regulatory restrictions, did not do so.

According to a source within PPTV, the new Beijing JV will initially be staffed by the former core 20-30 person editorial team of Shanda Interactive's (Nasdaq: SNDA) online video subsidiary Ku6 (Nasdaq: KUTV).

Editor's Note: For more information on this topic, please see "PPLive Confirms Receipt of USD 250 Mln Investment," MD 2/15/11 issue, and "PPTV, Xinhua News to Develop Video Portal," MD 7/13/11 issue.

Keywords: HR Internet funding online video PPLive fourth-round JV Xinhua Xinhuanet

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports