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Wanda adds to theater holdings; Nintendo shares keep climbing


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Wanda adds to theater holdings; Nintendo shares keep climbing


* Chineseconglomerate Dalian Wanda GroupCorp. Ltd. is putting down about US$1.2 billion to Europe's largest theaterchain, London-based Odeon & UCI Cinemas Group, through its subsidiaryAMC Entertainment HoldingsInc. This means Wanda will expand its reach to cinemas throughoutEurope in addition to North America and Asia. 

* Shares inJapan's Nintendo roseanother 12.73%, or ¥2,580, to reach ¥22,840 in Tokyo following a 25% surge to¥20,270 on July 11, ITmedia reports.Nintendo's share price has soared to the highest level two days in a row on thepopularity of its new mobile game Pokemon Go. The game has been released in theU.S., Australia and New Zealand so far; a release date for Japan has not yetbeen announced.

*Australian pay TV provider Foxtel has announceda new partnership with VivendiSA's music company Universal Music Group. Starting Aug. 1, Universal MusicGroup artists will be featured on all of Foxtel's contemporary music channels —[V] HITS, MAX, Foxtel Smooth and CMC — featuring video clips and additionalcontent. Accordingto a separate report by Billboard, Universal Music and Foxtel were recently ina dispute regarding royalty payments.


* Over-the-top sports platform RugbyPass has digital rights to showBritish rugby tournament matches across Asia. As part of the agreement, the OTTservice will show every game in four competitions: The Premiership Rugby Sevensseries in late July, Aviva Premiership Rugby in early September, theAnglo-Welsh Cup in November and the RBS Six Nations Championship in January2017.

*Toyota Motor Corp.,along with Audi AGand Huawei Technologies Co.Ltd., are working with Deutsche Telekom AG to test LTE-Vehicular technology forconnected vehicles, Telecompaper reports.The technology will be used to help in road safety applications and trafficcontrol services as well as automated driving.

* Japanesemobile streaming service AbemaTV said the number of its app downloads surpassed5 million since its launch in April, Impress Watch reports. Itgives viewers access to free content ranging from dramas to news, sports andanimation. AbemaTV was jointly developed by Japanese video game developerCyberAgent Inc. and TV AsahiCorp.

* With theKorean Fair Trade Commission's final decision on the merger between IPTVprovider SK Broadbandand cable TV operator CJHelloVision coming soon, CJ hired its own legal representation inaddition to the two law firms currently retained by both companies, news siteOSEN reports. CJ'smove is reportedly to prepare for necessary actions separate from SK incase the deal collapses. SK Broadband and CJ HelloVision are unitsof SK Telecom Co.Ltd. and CJO Shopping, respectively.

* KoreanIPTV provider KTCorp. launched a set-top box with high-dynamic-range (HDR) imaging,a technology that enhances the UHD screen resolution by twice as much, Korea Economic Daily reports.KT also is partnering with TimeWarner Inc.'s WarnerBros. Entertainment Inc. to offer HDR-format films on its platformOlleh TV.

* Lei Jun, founder and chairman of Chinese smartphone maker , will meet withSamsung Electronics Co.Ltd. this week to discuss smartphone parts supply, Money Today reports.The talks will reportedly cover Samsung Group's semi-conductor memory and display supplyfor Xiaomi's upcoming smartphone Mi Note 2.


*Norway-based Opera SoftwareASA saw its shares drop to 10% in Oslo after revealing that itsdeal with a consortium of Chinese investors may not get the required nod fromauthorities before the drop-dead date on July 15, Bloomberg reports.Both parties reportedly hired law firms to help the deal, valued at over US$1billion, pass reviews from U.S. and Chinese regulators.

*Lenovo Group Ltd.added US$500 million to LeFund, a VC fund under the holding company, NetEaseTech News reports.Lenovo has been undergoing structural adjustments this year, splittingoperations into four sectors: PC and smart devices, mobile, data services andLeFund.

*China Mobile Ltd.,China Unicom andChina Telecom eachstruck separate five-year lease deals for reduced tower leasing fees for ChinaTower Corp.'s telecoms towers and related assets, the South China Morning Post reports.The transactions were declared in separate filings with the Hong Kong StockExchange last week.

* Chineseelectric vehicle startup Future Mobility Corp. is seeking investors for itsfirst funding round, Bloomberg reports.Backed by Tencent HoldingsLtd. and Foxconn Technology Group, the company is targeting a 2020debut and is currently in talks with investors in Hong Kong and mainland China.Foxconn is formally known as HonHai Precision Industry Co. Ltd.

* Xiaomihas sold more than 110 million of its cheapest phones since 2013, according to atweet by Hugo Barra, the company's global vice president. The Chinesesmartphone maker introduced the Redmi range of phones in August 2013, meaningit sold 1.21 units per second over three years. Redmi is offered at lessthan half the price of its counterparts.

* Taiwanesesmartphone company Asus revealed its ZenFone 3 Deluxe, which is powered byQualcomm Inc.'sSnapdragon 821 drive, Tencent News reports.The ZenFone is priced at 5,200 Chinese yuan, higher than most models frommarket rival Xiaomi. 


*Indonesia-based broadcasting company , locally known as RCTI,obtained the rights to broadcast English Premier League games in Indonesia forthe 2016 to 2019 seasons, accordingto news site Tribun Batam. Besides RCTI, beIN Sports will also broadcastthe games through its premium subscription channel.

*Singapore's minister for foreign affairs andminister-in-charge of the Smart Nation Initiative, Dr. Vivian Balakrishnan,announced the city-state's partnership with Microsoft Corp. to create digital government services,Channel News Asia reports.The Infocomm Development Authority of Singapore, together with Microsoft, willexplore ways to build conversational intelligence, such as virtual assistants,into public services.

*Thai telco Samart Corp. plans to establish jointventures in Myanmar andVietnam, TheNation reports.They reportedly will be carried out through its subsidiaries, phone makeri-Mobile PLC and customer service outsourcer One to One Contacts PLC.

*Thailand's finance minister assured citizens of the safety of PromptPay, thenew money transfer method that uses a phone number or ID, Post Today reports. Meanwhile,Prime Minister Gen. Prayut Chan-o-cha reportedly indicated the plan could bedismissed following the outcry over privacy concerns.

*Indonesia-based telco company Smartfren plans to reduce its capital expenditureto US$100 million after spending between US$250 million and US$300 million lastyear, the Jakarta Globe reports.A loan facility from the China Development Bank Corp. will be used to financethe expenditure, which will be used for extending the company's 4G network andacquiring smartphones to sell to customers.

* Thailand's Software Industry Promotion Agency (SIPA), formerly set to bedissolved soon, will become part of the new Digital Ministry for the Economyand Society according to a new ministerial draft, the newspaper Prachachat reports.SIPA reportedly will seek a new director and expects to start acceptingapplications by the end of July.


* The NewZealand government unveiled more details of its plan to overhaul the country'stelecom regulatory landscape, particularly the transition from copper networksto high-speed fiber, Total Telecom reports. Thegovernment said the key goals of the overhaul are to ensure a competitiveretail market, prevent monopoly profits and incentivize investment inhigh-quality networks.

*Optus Administration PtyLtd. will refund about A$2.4 million to 175,000 customers afterfailing to disclose details about its mobile phone insurance, The Australian reports.The telco self-reported several breaches of financial services laws, includingfailure to provide product disclosure statements and financial services guidesto its customers.

* UberXdrivers in Australia will no longer have to use their own car, withpeer-to-peer rental firm DriveMyCar inking a new agreement with , The Australian reports.The deal would let new and existing UberX drivers rent corporate fleet cars forA$159 per week, which includes 150km daily mileage, insurance and 24/7 roadsideassistance.


* Indianstate-run telco Mahanagar TelephoneNigam Ltd.'s broadband customers in Mumbai and Delhi will begetting digital entertainment content from Hungama Digital Media Entertainment, The Economic Times of India reports.Choosing from different entertainment packages, users can access the servicethrough Hungama's website to gain access to movies, films, videos andgames.

* PakistanTelecommunication Co. Ltd. signedan agreement with IBM Italia SpA (Pakistan) that would launch public cloudservices in Pakistan. IBM'ssolution, using its cloud platform, will be hosted at PTCL's data centers inLahore and Karachi for corporate clients.

* India'sEros International Media Ltd. will be getting a 10% to 15% minority stake inOTT platform Eros Now, also forging new commercial terms with its parentcompany Eros International Plc, Television Post reports.EIML will reportedly transfer overseas rights to its parent firm for a priceequivalent to 40% of the production cost of each film, with an additionalmark-up of 20%. Eros Now will either dilute its stake or prepare for a futureIPO, the report added, citing an unnamed source.

* Indianonline fashion retailer Myntra Designs Pvt. Ltd. acquired Bangalore-basedcontent aggregation start-up Cubeit, Livemint reports.The purchase is reportedly an "acqui-hire," which meansFlipkart-owned Myntra is more interested in gaining Cubeit's workforce than itsservices. Financial details were not disclosed.


: The U.S. ishaving a very public debate about online privacy, and the E.U. is watching. 

: NBC said the combination of strongnational ad sales and local opportunities for NBC and Telemundoowned-and-operated stations will not only push the 2016 Games into the black,but help it "unequivocally" exceed the profit level for the 2014Winter Games. 

: S&P Global Market Intelligence presents a roundup ofrecent programming announcements from various international networks and onlinevideo platforms.

: In this monthly feature, S&P GlobalMarket Intelligence provides a roundup of news related to over-the-top,video-on-demand and other online video initiatives in a range of SouthernEuropean markets, including Portugal, Italy, Spain, Turkey and Greece. 

: AMC Entertainment Holdings agreed to acquire London-basedOdeon & UCI Cinemas Group from investment firm Terra Firma Capital PartnersLtd., Warner Bros. Home Entertainment reached a settlement with the FTC overclaims that it failed to provide adequate disclosure about using onlineinfluencers to promote a video game.

: LibertyGlobal's Virgin Media struck a deal with ITV to acquire UTV Ireland, whileCellnex Telecom is acquiring 230 towers from Bouygues Telecom for €80 million. 

: The billion-dollar-plus IPO of Japan-basedLINE Corp. catapults messaging apps into the spotlight and could signal aturnaround for a slumping IPO market, analysts and industry observers said.


: Reviewing how wireless CapEx grew during the 2010-20144G LTE ramp provides a point of reference as we consider how CapEx might moveduring the 2020 5G upgrade cycle. 

: As the most populous country in Southeast Asia,Indonesia is the region's largest market in terms of consumer connected deviceownership.

Economics ofInternet: Internet radio listenership growing as subscription model gainsprominence: Internet music and radio services continue to seeincreases in listenership as streaming services market and promote theirplatforms to users migrating away from physical and download services. 

Nozomi Ibayashi, Sunny Um, Grace Shao, WilHathaway and Ed Eduard contributed to this report. The Daily Dose has aneditorial deadline of 7 a.m. Hong Kong time. Some external links may require asubscription.