{"id":3405,"date":"2015-04-24T00:00:00","date_gmt":"2015-04-24T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tvasia\/2015\/04\/24\/mediacorp-invests-in-indonesian-digital-venture\/"},"modified":"2015-04-24T00:00:00","modified_gmt":"2015-04-24T00:00:00","slug":"mediacorp-invests-in-indonesian-digital-venture","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvasia\/mediacorp-invests-in-indonesian-digital-venture\/","title":{"rendered":"MediaCorp Invests in Indonesian Digital Venture"},"content":{"rendered":"<p>\n\tSINGAPORE: The Singaporean media conglomerate MediaCorp has picked up a 52-percent stake in KapanLagi Network (KLN), a company that owns a number of Indonesia&#039;s most popular web portals.<\/p>\n<p>\n\tThe deal seeks to combine MediaCorp&#039;s transmedia expertise and pan-Asian reach with KLN&#039;s leading position in Indonesia and its digital mindset. This includes devising new propositions for consumers and advertisers.<\/p>\n<p>\n\tMediaCorp&#039;s digital presence includes the OTT service Toggle, plus a number of websites. In 2013 it launched digital startup incubator, Mediapreneur. KLN&#039;s lead assets are kapanlagi.com and merdeka.com.<br \/>\n\t&nbsp;<br \/>\n\tSteve Christian, KLN&#039;s CEO, said, &quot;I am tremendously excited by this breakthrough in KLN&rsquo;s journey to become a leading digital media company in the region. Over the past three years, I&rsquo;ve watched KLN grow from a startup to one of Indonesia&rsquo;s top independent online platforms. Since the beginning, our goal has been to create truly great products that make an impact on audiences beyond our home market and I am delighted that our ambitions have led to our alliance with MediaCorp. In MediaCorp, we have a partner with powerful content and platform capabilities and a commitment to continually innovate for its customers and audiences.&rdquo;<br \/>\n\t&nbsp;<br \/>\n\tShaun Seow, MediaCorp&#039;s CEO, added, &quot;Today&rsquo;s announcement further strengthens MediaCorp&rsquo;s ability to capture valuable opportunities in a rapidly changing media industry. Over the past few years, we have aggressively repositioned MediaCorp to become a customer-centric company providing greater access to diversified, innovative and engaging content across multiple platforms. This required a relentless focus on our customers and audiences and significant ongoing investments in new businesses. Indonesia has a rapidly growing cohort of digital users and the opportunities for KLN are tremendous. I&#039;m most impressed by how the company has pushed the envelope in content and delivery, and grown the business exponentially. Embracing a successful digital native business will accelerate MediaCorp&rsquo;s transformation in the digital revolution. The deal also presents great synergies, riding on flourishing people and business ties between Singapore and Indonesia.&quot;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE: The Singaporean media conglomerate MediaCorp has picked up a 52-percent stake in KapanLagi Network (KLN), a company that owns a number of Indonesia&#039;s most popular web portals. The deal seeks to combine MediaCorp&#039;s transmedia expertise and pan-Asian reach with KLN&#039;s leading position in Indonesia and its digital mindset. This includes devising new propositions for &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-3405","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MediaCorp Invests in Indonesian Digital Venture<\/title>\n<meta name=\"description\" content=\"MediaCorp Invests in Indonesian Digital Venture. SINGAPORE, April 24: The Singaporean media conglomerate MediaCorp has picked up a 52-percent stake in KapanLagi Network (KLN), a company that owns a number of Indonesia&#039;s most popular web portals.. 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