Despite the fact that the two companies are owned by the same company, Tencent, there are some major differences between iflix and WeTV. While iflix has been a success with original programming, there have been reports that iflix has plans to lay off more than 50 employees.
Tencent’s ambitions to use iflix as the backbone of WeTV
During the last few months, the company has shed several of its high-profile board members. In addition, it raised a hefty sum of funding. The company has garnered over $348 million in funding to date. Tencent is also in the gaming business and has a keen interest in media. It operates music streaming service JOOX and popular game PlayerUnknown’s Battlegrounds.
Its upcoming WeTV platform will allow the company to tap into the Asia market. The platform will offer content produced by local partners, dubbed and dubbed in Thai, and also includes some original Chinese content.
The company is also rumored to be eyeing a takeover of its rival Chinese streaming service iQiyi. It’s a crowded field in China. While the company may have the lion’s share of the market, it will be up against heavy hitters including Netflix, Amazon Prime and Showmax. Unlike Netflix, iFlix is ad-supported, which helps it keep costs in check.
The company also has a big bet on the future of the Asian entertainment industry. Earlier this year, the company launched the WeTV brand in Thailand and is reportedly preparing to expand the service in the rest of the region. Iflix is the tiniest of the big dogs when it comes to the video streaming space, with around 25 million active users across 13 Southeast Asian countries. The company was also the first to roll out the elusive video-on-demand service in Indonesia.
While Tencent may not be the world’s biggest tech company, it’s certainly one of the largest and most innovative. This is reflected in its recent acquisition of iflix, the Malaysian streaming platform, as well as its plans to launch WeTV in the Southeast Asian region.
Tencent’s experience in buying over all kinds of companies
TENCENT is a world-leading internet company, offering innovative products and services that improve the quality of life for people around the world. The company’s products include games, social media, and medical technology.
Tencent’s core business is cheaper and more diversified than Alibaba’s. Tencent also has a stronger investment track record. The company typically takes multiple, small stakes in a variety of businesses.
Tencent’s investments range from social media to e-commerce. It has acquired foreign gaming studios, and it has a strong gaming investment portfolio. It owns a 5% stake in Activision Blizzard. It has also invested in Snap, Tesla, and Universal Music Group. The company has also started its own social equity fund.
Tencent’s investments have drawn scrutiny from the U.S. government, but they have not hindered the company’s investment fervor.
Tencent’s gaming business has been a driving force of growth. Gaming revenue accounts for more than half of Tencent’s overall business. It grew 20% year-over-year in the third quarter of 2021. However, revenue declined in the second quarter of 2022. Tencent attributes this decline to lower user spending and fewer game releases. The company is now expanding its games portfolio globally.
In addition to games, Tencent’s investment portfolio includes social media, e-commerce, and medical technology. It also has a content distribution network that competes with Google. Tencent also invests in comics, music, and television.
Tencent’s gaming portfolio has grown significantly since its acquisition of Riot Games. League of Legends is now Tencent’s flagship PC game in China. It has also purchased stakes in European game studios. It is considering other large investments.
Tencent’s investment portfolio is bigger than Alibaba’s. But Alibaba tends to take controlling stakes in businesses that fit into its commerce platform.
iflix’s experience with original programming
iflix and WeTV are part of a major content push for 2021. The two companies are set to deliver top-notch content that is far ahead of what is available on other platforms. WeTV and iflix will deliver content that is relevant to consumers in Southeast Asia. In addition, these companies will also work to offer advertisers a seamless ad experience. The two companies are also working on aggregating data to target advertisers.
iflix is available in four countries in Southeast Asia: Vietnam, Cambodia, Brunei and Malaysia. These countries have more than 25 million active users. Iflix offers a variety of local and international content to viewers. iflix is a video-on-demand service that features lighthearted romcoms, heart wrenching dramas, variety shows, and more.
iflix has also launched ZSports, a new sports channel, in March. This channel will stream NCAA Division I basketball games, which is known as March Madness. The platform also launched a new UI interface, which will remind users about coming soon shows. The new interface also features speed options. The new UI will also allow users to pick up where they left off, and adjust video quality.
The two companies have also collaborated on original content. WeTV and iflix are collaborating to release Yowis Ben the Series, a new comedy film based on the popular comedy movie Yowis Ben. This series has already drawn 800,000 moviegoers in the past three weeks. It is the first Indonesian film to receive an 8.4 rating on IMDB.
iflix and WeTV are also working on an aggregation of data to target advertisers. This information will allow advertisers to target their audiences. The two companies also work with third party verification vendors to measure ads.
iflixFREE vs iflixVIP
iflix is a leading entertainment service that provides streaming services to consumers across the globe, and particularly in Asia and the Middle East. It offers a wide range of content, including international Hollywood movies and local films. Its VIP package offers subscribers a 30-day free trial, and ad-free viewing of any content on the video streaming service.
Iflix is available in many countries across the globe, including the United States, the United Kingdom, Germany, France, Spain, Belgium, India, Indonesia, Malaysia, Philippines, Vietnam, Saudi Arabia, Nepal, Brunei, Myanmar, Thailand, Lebanon, Bangladesh, Indonesia, Egypt, Kenya, Ethiopia, Pakistan, and Nigeria. In addition, iflix provides live content from countries around the world. Moreover, iflix has recently announced multi-stage partnerships with Telkomsi Selular in Indonesia, Singtel affiliates in Thailand, and Globe Telecom in the Philippines.
Iflix also has a free tier, iflixFREE. This package offers a range of content, including international Hollywood movies, local movies, news, sports, live shows, and more. It also has a traditional video-on-demand tier, which includes an ad-supported version of the service. In addition, iflix offers a live version of the service, and users can also download content while connected to the internet, so they can watch it offline. It has also recently announced partnerships with Advanced Info Service Plc. (AIS) and Singtel, and will be available to 41 million AIS customers in Thailand.
The iflixVIP package offers subscribers an even greater range of content, including live special events, international Hollywood movies, and ad-free viewing of anything on the video streaming service. It also includes access to a premium library of made-in-Singapore content, including English dramas, blockbusters, and other popular movies. IflixVIP is available in the iflix Mobile Web, and costs RM 10 a month.