YOU On Demand to Launch Karaoke Channel in China
Last update: 1/25/2012 9:00:00 AMNEW YORK, Jan. 25, 2012 /PRNewswire via COMTEX/ -- Music has long been recognized as a universal language and this has never been more true than today. YOU On Demand Holdings, Inc., (CBBD), China's leading national Pay-Per-View (PPV) and Video On Demand (VOD) platform announced it will be launching its first music channel, YOU On Demand Karaoke, to complement its motion picture PPV and VOD offerings to its customers. To provide the most comprehensive library of songs that can be streamed and enjoyed by YOU On Demand subscribers, the company has made a five-year deal with Big Mama Digital Entertainment, Inc. to distribute their karaoke catalog on a Transactional Video On Demand (TVOD) and Subscription Video On Demand (SVOD) basis. This gives YOU On Demand exclusive rights in the People's Republic of China to Big Mama's vast catalog of over 16,000 titles that span multiple generations, genres and styles. The selections include some of today's biggest and most popular hits such as "The Edge of Glory" in the style of Lady Gaga, "Rolling in the Deep" in the style of Adele as well as classics like "Margaritaville" in the style of Jimmy Buffett. "Karaoke is one of the most enjoyable and participatory forms of entertainment that now can be enjoyed in your home," said Shane McMahon, Chairman and CEO of YOU On Demand. "This is one of many unique content packages that we will be delivering to our customers as we continue to bring the best in quality entertainment throughout China." About YOU On Demand Holdings, Inc. YOU On Demand is the leading 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 . SafeHarbor Statement This press release contains certain statements that may include "forward looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. SOURCE YOU On Demand Holdings, Inc. Copyright (C) 2012 PR Newswire. All rights reserved
