Singapore's Infocomm Media Development Authority (IMDA) is launching a S$5 million ($3.7 million) fund to assist local companies in developing virtual production capabilities.
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Some 4,000 delegates are on-site in Singapore for Asia TV Forum & Market, marking the event’s in-person return following a three-year hiatus amid the pandemic.
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Between 2022 and 2027, the Asia-Pacific region, excluding China, will add about 1 million net new pay-TV subscribers, with India and parts of Southeast Asia helping to offset cord-cutting in other key markets, according to Media Partners Asia (MPA).
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Premium video usage and subscriber takeup rebounded across Southeast Asia in the third quarter, per new Media Partners Asia (MPA) research, driven by intensifying competition among global, regional and local players.
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The number of SVOD subscribers in Japan grew to 49.4 million in Q3, with Prime Video still the leading player in the market, followed by Netflix and then Disney+ ascending to third place, per new data from Media Partners Asia (MPA).
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Expanding its Japanese live-action lineup, Netflix has entered into a strategic partnership with local production outfit The Seven, a division of Tokyo Broadcasting System Holdings.
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The Asia Video Summit will take place from November 1 and 2 with physical events in both Hong Kong and Singapore and full digital access to all the sessions.
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