Beijing is reportedly easing its clampdown on local tech giants, but Hollywood imports remain rare.
While AVOD revenue was down 3%, the region’s online video sector as a whole grew by 14% to reach a combined $30.5bn, according to MPA report.
Before Jeffrey Katzenberg had a crack with Quibi, French media conglomerate Vivendi also tried and failed in the business of quick bites.
Decision to double down on Southeast Asia makes sense given the growing resistance that Chinese tech companies are facing in the US and India.
China-owned short video app is claiming that Trump’s executive order forcing the sale of its US assets is unlawful and unconstitutional.