BesTV taps new media for 31.1% profit jump

By Zhu Shenshen | April 11, 2014, Friday |

Online Edition

BESTV yesterday posted a 31.1 percent jump in net profit last year as it tapped the boom in new media business such as IPTV (Internet Protocol TV) and mobile entertainment services.

The company’s net earnings amounted to 677 million yuan (US$109 million) last year, while revenue rose 30 percent to 2.64 billion yuan.

BesTV identified mobile Internet and new media business as profit engines. By 2013, BesTV had more than 16 million mobile TV users and income from mobile Internet jumped above 60 percent, according to the Shanghai-listed firm.

BesTV had 20 million users of IPTV nationwide, its core business, including 13 million paid users.

The company, slated to become a flagship new media platform of state-owned media giant Shanghai Media Group, also expects to debut a new home entertainment system — perhaps a Chinese version of XBox — by the end of this year through a partnership with US-based Microsoft Corp.

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

BesTV taps new media for 31.1% profit jump

Email this to your friend