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J.League scores $2B streaming deal; China Film plans Shanghai IPO

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J.League scores $2B streaming deal; China Film plans Shanghai IPO

TOP NEWS

*The Japan Professional Football League has struck a 10-year US$2billion domestic broadcasting deal with DAZN, a sports streaming service owned byU.K.-based sports media firm Perform Group. Under the agreement, the J.League,DAZN and Japanese telecoms conglomerate Nippon Telegraph & Telephone Corp. will also supplyJ1 top-division stadiums with Wi-Fi. TheNikkei reportedthat the deal was the biggest sporting rights sale in Japanese broadcastinghistory.

*China Film GroupCorp. unit China Film Co. Ltd. is aiming to raise around US$612million with an IPO in Shanghai, Reuters reports.The state-backed movie distributor said the sale of up to 467 million shareswould fund its expansion plans in the Chinese film industry, including thedevelopment of its digital cinema business. China Film will set the issue priceon July 26, with the trading debut expected in early August.

PAN-ASIAN NEWS

*Viacom International MediaNetworks' ComedyCentral will launchits first Asian original stand-up series, "Comedy Central Stand-Up,Asia," on Aug. 23. Comedy Central Asia collaborated with entertainment company LOL Events to producethe eight-part series. ViacomInc. is the parent company of VIMN.

*Online music streaming company Spotify Ltd. is tailoring its service to cater to localtastes in Asia as it prepares to expand in the region, Bloomberg reports.The strategy includes adding to its content, such as Korean pop music that ispopular in Southeast Asia, and providing different payment options in marketswhere credit cards are less popular, such as Indonesia andthe Philippines. Spotify is alsocurrently available in Hong Kong, Taiwan, Singapore and Malaysia, with moremarkets planned.

*Iflix, a Malaysia-based on-demand video streaming service, is preparing toexpand to markets beyond Southeast Asia in the second half of this year, The Malay Mail reports.Meanwhile, the company, which targets emerging markets, is set to announcepartnerships with telcos in three more Southeast Asia countries next week.

*Japan's leading mobile phone operators are expected to report their largestquarterly profits in a decade, Bloomberg reports.NTT DoCoMo Inc.,KDDI Corp. andSoftBank Group Corp.are forecast to post a 6% aggregate rise to ¥858 billion for the three monthsended June 30. They are benefiting from government guidance to eliminatehandset subsidies to lure new customers, the report said.

*McDonald's Co. (Japan) Ltd. announceda collaboration with Nintendo Co.Ltd.'s augmented reality game "Pokémon Go" asanticipation mounted for the game's Japanese launch. McDonald's did not providedetails of the tie-up. Nintendo's stock gave up some of its spectacular gains,Reuters reported,tumbling around 13% to ¥27,765 on July 20 after gamers in Japan were leftwaiting following reports of an imminent launch of the game.

*Japanese electronics maker NECCorp. announcedit is launching a new artificial intelligence brand called NEC the WISE. Thecompany's AI technologies include speech recognition, image and videorecognition, and machine learning, prediction and detection.

*The Korean Ministry of Science, ICT and Future Planning is set to create acommittee that focuses on nurturing the pay TV market and aims to build apolicy framework by the end of 2016, Money Today reports.The decision reportedly seeks to appease the cable TV industry, which was hitby the recent disapproval of the merger between IPTV provider and cable TV operatorCJ HelloVision.SK Telecom Co. Ltd.and CJ O Shopping areparent companies of SK Broadband and CJ HelloVision, respectively.

*Three major Korean telcos are expected to show good performances in theirsecond-quarter earnings reports, largely because they did not scale upmarketing expenses for launches of premium smartphones, Digital Times reports.SK Telecom Co. Ltd. will report its earnings and revenue on July 28, on July 29, andLG Uplus Corp. inearly August.

*Naver Data Lab, a big data portal by Korean internet giant Naver Corp.,announced it will release data on shopping trends, daily newspaper JoongAng Ilbo reports. The search portal operatorreportedly plans to help small- and medium-sized businesses strengthen theirdata capabilities.

, HONG KONG ANDTAIWAN

*Apple Inc. launchedits digital wallet service Apple Pay in Hong Kong for American Express, Visa andMasterCard cardholders, the South ChinaMorning Post reports.Participating banks include Standard Chartered, DBS, Hang Seng Bank, HSBC, Bankof East Asia and BOC Credit Card, a subsidiary of Bank of China.

*Chinese online ticket vendor Daimai.cn was hacked, with information on many ofits users leaked, Xinhua News Agency reports.It reportedly resulted in 39 cases of fraudulent payments totaling 1.5 millionChinese yuan. The company said it will improve website security and upgraderelated features.  

*HTC Corp. CEO CherWang said at the 2016 Chinese Big Data Expo that VR technology will adapt tothe needs of the masses, The EconomicObserver reports.The Taiwanese tech company is looking to claim a leading share of the VR marketwith the HTC Vive, which is similar to the Oculus Rift. Meanwhile, Chinesebrands such as LeTV VR and AntVR are also developing products.

SOUTHEAST ASIA

*Thailand's state-owned and South Korea's SKTelecom Co. Ltd. will join forces to offer an e-payment gateway in Thailand.The joint venture, with registered capital of 200 million Thai baht, isexpected to launch this quarter and generate 1 billion Thai baht within thenext five years, accordingto The Nation.

*Macquarie Bank Ltd. is poised to become a substantial shareholder ofMalaysia-based telco XOX Bhd, following a conditional subscription agreement inwhich XOX will distribute up to 400 million new shares to the Australian bank, accordingto The Star. XOX expects to raise 40million Malaysian ringgit in gross proceeds, assuming a full subscription andminimum subscription price of 10 cents per share.

*The e-commerce platform 11Street has launched in Thailand, newspaper Krungthep Turakij reports. The Thaioffice is the fifth location for SK Telecom's online marketplace, followingSouth Korea, Turkey, Indonesia and Malaysia.

*Telco Hutchison 3 Indonesia (H3I) is partnering with India-based mobiletechnology solution company mCarbon to provide a customer lifecycle managementplatform, accordingto India Infoline. The platform allows H3I's unit 3 to use big data to providecustomers with real-time offerings based on their usage.H3I is a unit of CK Hutchison Holdings Ltd.

*Insurance provider AIG Thailand Group will offer the country's firstcyber-insurance policy within this quarter, TheNation reports.Aimed at telcos, banks and other companies relying on big data, policies willreportedly cover damages due to hackers and third-party lawsuits.

*IT CITY Public Co.Ltd., a Thailand-based IT retailer, has launched an online store,daily newspaper Prachachat reports.The online store has all the features of IT CITY's traditional stores inaddition to shipping services and special online prices.

AND NEW ZEALAND

*Sydney-based mobile marketplace startup Bountye has teamed up with 's to become one of the 10apps to participate in the tech giant's market launch in Australia. Accordingto the Australian Anthill, Bountye's Android app with Android Pay integration givesit access to the 53% share of the local market, where Google's smartphonesdominate.

*Australia's first national 24/7 digital sports radio station has gone live, TheNew Daily reports.The EON Sports Radio digital network secured deals for live commentaries of theEnglish Premier League, National Basketball League and A-League, while seekingto get the heavily contested radio rights to the Australian Football League,the report said.

*New Zealand telco 2Degrees Mobile is reportedly set to cancel its plans for adual listing, The Australian reports,citing unnamed sources. The company intends to focus instead on a traditionaltrade sales process in the short- to medium-term, the report said.

*Wellington-based mobile radio company TeamTalk Ltd. appointedAndrew Miller to be its new CEO. Currently the commercial business generalmanager at Callaghan Innovation, the former CEO and managing director ofAlcatel-Lucent NewZealand and Pacific Islands will assume his new position in early September.Nokia Corp. acquiredAlcatel-Lucent last year.

AND SOUTH ASIA

*Amazon.com Inc. isplanning to spend US$300 million on local content as it rolls out itsover-the-top service Amazon Prime in India later this year, Screen Daily reports,citing local tech sites. The streaming giant is reportedly in talks with localstudios, along with independent directors and producers, to develop Indiancontent.

*The Indian government is planning to launch 32 direct-to-home TV channels bySeptember, Rapid TV News reports.The DTH channels will feature educational content covering arts, science,commerce, engineering and technology.

*Reliance IndustriesLtd.'s telco unit Reliance Jio Infocomm is preparing to roll outdigital media apps, Television Post reports.The Indian company is launching four apps: entertainment app Jio Play, musicstreaming app Jio Beats, magazine app Jio Mags and news app Jio News.

*Pakistani telco Zong, a ChinaMobile Ltd. unit, has shown interest in joining a group ofoperators conducting an early test of 5G technology in the country,Propakistani reports,citing people with knowledge of the matter. Zong reportedly asked permissionfrom the Pakistan Telecommunication Authority to use the 5G spectrum on a trialbasis.  

FEATURED NEWS

: In this monthlyfeature, S&P Global Market Intelligence provides a roundup of news relatedto over-the-top, video-on-demand and other online video initiatives indifferent Eastern European markets.

: In this bi-weekly feature, SNL Kaganprovides a roundup of significant recent regulatory events in Europe.

: A seasoned REIT portfolio managerpointed to several factors that have made the current real estate cycleparticularly long and its upswing particularly strong.

: S&P Global Market Intelligencepresents a rundown of board changes in the media and communications industries.

: Linear networks'serialized dramas this summer have failed to connect with many viewers, who areinstead embracing reality, competition fare and ABC's 'Sunday Fun & Games'block.

FEATURED RESEARCH

: The biggest PPV event of this month, UFC 200, aired live July9, but it will be several weeks before estimates on buys surface.

: Even though subscriptions to streamingmusic services grew at the fastest rate ever in 2015 — with the leadingservices nearly doubling subscriber bases from 2014 — the business model hasyet to make sense. SNL Kagan examines the opportunities and challenges in ourexclusive new report.

: SNL Kagan's latest quarterly presentationreport examining industry trends and data for the technology sector.

: SNL Kagan's latest quarterlypresentation report examining industry trends and data for the broadcast sector.

RECENT EARNINGS

: Microsoft's stock jumped roughly 4% inafter-hours trading after the company beat expectations with its 2016 fiscalfourth-quarter results on the back of its cloud computing segment.

Joji Sakurai, Myungran Ha,Grace Shao, Ed Eduard and Wil Hathaway contributed to this report. The DailyDose has an editorial deadline of 7 a.m. Hong Kong time. Some external linksmay require a subscription.