CBBD.OB - Sector: Services---Industry: CATV Systems

[setravis]

Profile: 

You On Demand Holdings
27 Union Square West
Suite 502
New York, NY 10003
United States - Map
Phone: 212-206-1216
Website: http://www.yod.com

Details   
Index Membership: N/A
Sector: Services
Industry: CATV Systems
Full Time Employees: 210


Business Summary   

YOU On Demand Holdings, Inc. provides pay-per-view and video on demand premium content and programming services in China. The company intends to offer movies to customers through its near video on demand, video on demand, and subscription video on demand services. It also operates a portfolio of businesses, including alliances with media operators, end-to-end content delivery, exclusive billing solution, governmental partnerships and approvals, and value added services. The company was formerly known as China Broadband, Inc. and changed its name to YOU On Demand Holdings, Inc. in February 2011. YOU On Demand Holdings, Inc. is headquartered in New York, New York.

[setravis]

China's Youku signs video deal with Warner Bros
SHANGHAI, June 28 | Tue Jun 28, 2011 5:27am EDT

(Reuters) - China's Youku Inc has agreed with Warner Bros. Entertainment's local joint venture to offer pay per view movies on its newly launched online paid content platform, Youku said on Tuesday.

Under a three-year agreement with Warner Bros, Youku will add between 400 to 450 Warner Bros movies to its Youku Premium library.

"People are increasingly willing to pay for high quality content, and we take the growth of Youku Premium as a sign that the market is improving for paid services," Dele Liu, Youku's chief financial officer, said in a statement.

Youku Premium, which was officially launched on Tuesday, had began beta testing in October 2010 and since then, the service has processed 200,000 paid transactions for its library of more than 300 movies and 3,880 educational programs.

Earlier this month, Warner Bros. said it will distribute on-demand movies in China starting this summer, through an agreement with China's YOU On Demand Holdings Inc .

Foreign movies are available in cinemas through a quota system that limits the number of foreign movies screened in China each year. Otherwise, foreign movies are widely accessible to the public on pirated DVDs that can be bought on the black market for less than a dollar.

The problem of rampant piracy has robbed Hollywood studios and music production companies of millions in profit in the world's most populous country.

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Warner Bros. Entertainment to Become First Studio to Offer Films On Demand Nationally via Television Sets in the People's Republic of China
YOU On Demand, China's First-Ever National Pay-Per-View and Video On Demand Platform, Will Distribute Warner Bros.' Films to a Potential 200 Million Cable Households

First Warner Bros. Titles Will Be Available This Summer via YOU On Demand Branded Cable and Internet Protocol (IPTV) Service


BEIJING--(BUSINESS WIRE)-- Warner Bros. Entertainment today announced the studio will begin offering its films nationally On Demand to consumers' television sets in the People's Republic of China (PRC). Through a distribution agreement with CAV Warner Home Entertainment Co., Ltd., Warner Bros. Home Entertainment Group's joint venture in China, and YOU On Demand Holdings, Inc.'s (OTCBB:CBBD.ob - News) PRC joint venture, YOU On Demand Media, consumers will be able to access Warner Bros.' new release and catalog films this summer through the first national Pay-Per-View and Video On Demand platform in China.



YOU On Demand will operate under an exclusive 20-year joint venture with CCTV-6's pay TV arm China Home Cinema (CHC), to become the first national Pay-Per-View and Video On Demand platform in China. Warner Bros. Entertainment will leverage YOU On Demand's platform to provide a potential 200 million cable households access to the studio's films on their television sets. YOU On Demand anticipates their service will be available in three million cable TV homes in China by the end of this summer, which is comparable to the subscriber base of top cable operators in the United States.



"China is developing methods for consumers to view movies outside the cinema in a legitimate fashion," said Jim Wuthrich, President, International Home Video and Digital Distribution, Warner Bros. Home Entertainment Group. "Through YOU On Demand's platform, millions of potential consumers will be able to view our films. They will make it easy for consumers to see the latest films including 'Harry Potter and the Deathly Hallows – Part 1.'"



"Our distribution agreement with Warner Bros. marks a historic milestone for our company," said Shane McMahon, YOU On Demand's Chairman and CEO. "I'm excited for the millions of Chinese consumers that will be able to experience and enjoy the very best content that Hollywood has to offer through the YOU On Demand platform."



About Warner Bros. Home Entertainment Group



Warner Bros. Home Entertainment Group (WBHEG) brings together Warner Bros. Entertainment's home video, digital distribution, interactive entertainment, technical operations and anti-piracy businesses in order to maximize current and next-generation distribution scenarios. An industry leader since its inception, WBHEG oversees the global distribution of content through packaged goods (Blu-ray Disc and DVD) and digital media in the form of electronic sell-through and video-on-demand via cable, satellite, online and mobile channels, and is a significant developer and publisher for console and online video game titles worldwide. WBHEG distributes its product through third party retail partners and licensees, as well as directly to consumers through WBShop.com.



About YOU On Demand Holdings, Inc.



YOU On Demand is the first national Pay-Per-View and Video On Demand platform in China. The Company offers high quality premium content to customers across China through its Near Video On Demand (NVOD), Video On Demand (VOD) and Subscription Video On Demand (SVOD) services. The Company consists of a portfolio of businesses that include alliances with leading media operators, comprehensive end-to-end content delivery, an exclusive billing solution, governmental partnerships and approvals, and value added services.



YOU On Demand has secured strategic partnerships with the largest media entities in China, and has a highly experienced management team with a strong background in Cable, Television, Media and Telecom. The company is headquartered in New York, NY, with its China headquarters in Beijing. For more information, visit http://www.yod.com.


Contact:
Warner Bros. Home Entertainment GroupPeter Binazeski818/[email protected] Communications for YOU On DemandStuart Zakim732/[email protected]

[setravis]

We shall watch it...

Day's Range: 0.11 - 0.1260
52wk Range: 0.03 - 0.14
Volume: 11,419,296
Avg Vol (3m): 897,673
Market Cap: 80.64M

Technicals
Record Volume
Most Actives
Percentage Gainer

Recent CandleStick Analysis
Bullish

Date                     Candle
Jun-28-2011   Bullish Engulfing 
Jun-27-2011        Hammer

resistance @ $0.15
support @ $0.12...0.11...0.10