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China's YY buys Singapore's BIGO; TikTok fined for collecting children's data

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China's YY buys Singapore's BIGO; TikTok fined for collecting children's data

In this biweekly Asia video spotlight feature, S&P Global Market Intelligence provides a roundup of news related to over-the-top, video-on-demand and other online video initiatives in different Asian markets.

Top news

* YY Inc. acquired the remaining 68.3% of Singapore's BIGO Technology Pte. Ltd. for US$1.45 billion. The Chinese social media platform had nearly 31.7% of Bigo's shares before the transaction.

* Video-sharing app, now known as TikTok, agreed to pay US$5.7 million to settle allegations made by the U.S. Federal Trade Commission that the app illegally collected personal information from children.

* Chinese livestreaming site Panda TV is shutting down its platform due to lack of fresh funds, 36Kr reported. Panda TV is set to file for bankruptcy, according to TechNode.

Content and carriage deals

* Netflix Inc. struck partnerships with Japanese production studios Anima Inc., Sublimation Inc. and David Production to co-develop original anime series.

* YouTube LLC is ending its content-hosting agreement with Vietnam's Yeah1 Group Corp. on March 31 after an unspecified channel management incident involving Thailand's SpringMe, in which the Vietnamese company owns an almost 17% stake, Bloomberg News reported.

* Vodafone Idea Ltd. struck a content partnership with Shemaroo Entertainment Ltd.'s video streaming service ShemarooMe. As part of the deal, subscribers of Vodafone Play, Idea Movies & TV apps will gain access to content covering Bollywood, kids, and devotion among others from Shemaroo's portfolio

* Eros International PLC's over-the-top service Eros Now inked a distribution deal with U.K.-based TV service The deal comes shortly after Eros entered into an integration agreement with Virgin Media to provide Virgin TV customers in the U.K. with direct access to Eros Now's content library.

Service launches

* Walt Disney Co. and NTT Docomo Inc. are launching a video streaming service in Japan on March 26. The new offering will enable Docomo subscribers to access the latest titles of Walt Disney Animation Studios, Pixar, Marvel Entertainment Inc. and Lucasfilm Ltd.

* PCCW Media Ltd's over-the-top service Viu has launched in South Africa, Independent Online reported.

Other news

* SK Telecom Co. Ltd. is in discussions with Singtel to invest in each other's over-the-top streaming platforms, The Korea Herald reported.

* Indian over-the-top solutions provider MultiTV Tech Solution Pvt. Ltd. acquired sports streaming platform VEQTA from ITW Digital Pvt. Ltd., Television Post reported.

* Australia's Foxtel Cable Television Pty Ltd. greenlit Project Jupiter, a new drama and entertainment streaming service, according to The Australian Financial Review.

* South Korea's LG U+ will withdraw the media content of local networks Munhwa Broadcasting Corp., Seoul Broadcasting System and Korean Broadcasting System from its over-the-top service U+ Mobile TV due to fee issues, ZDNet Korea reported. The company said it was unable to reach an agreement with the broadcasters on cost per subscriber and will continue to negotiate to bring the content back to its service.

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