Ku6 Media

Last updated
Ku6 Media Co., Ltd.
Company type Public
Nasdaq:  KUTV
IndustryServices in Entertainment - Diversified
Founded2006;18 years ago (2006)
Headquarters,
China
Key people
  • Fang Du (CEO and director)
  • Frank Feng (CFO)
  • Jian Lu Ph.D. (CTO)

(Dec 31, 2013)
ProductsVideo Entertainment
RevenueDecrease2.svg US$ 2.35 million [1]
Increase2.svg -US$ 0.83 million [1]
Increase2.svg -US$ 0.83 million [1]
Total assets Increase2.svg US$ 8.63 million [1]
Total equity Decrease2.svg -US$ 4.9 million [1]
Number of employees
211 (Dec 31, 2013)
Website ku6.com

Ku6 Media Co. Ltd. an online video company, was established in 2006 and now is based in Beijing, China. Those videos posted on Ku6 website include news, movies, television dramas, music videos, entertainment sports and user-generated content (UGC). Ku6 Media was founded as Hurray! Holding Co., Ltd. and changed its name to Ku6 Media Co., Ltd. in August 2010. [2]

Contents

History

2006, Ku6 Media was established and began to engage in online video markets. 2007, Ku6 Media reached a business cooperation agreement with Baidu and obtained the first round financing capital ($10 million) from Draper Fisher Jurvetson (DFJ) and DT Capital Partners. In 2008, Ku6 Media received the license issued by SARFT. In 2009, Ku6 Media joined Shanda Group and merged with Hurray to be listed. In 2010, "Ku6 Media Theater" went online, representing the birth of China's hulu mode.

Products and services

Most of the videos posted on the Ku6 website are short-form videos submitted via user uploads. The company provides some customized services, such as user-navigating channels for video sharing and commenting tools; search history for frequent visitors; chatting box alongside videos. In addition to the website, the company also provides videos on mobile platforms. On December 31, 2012, the company delivered an average of over 50,000 new UGC video clips each day. [3]

Operations

Ku6 Media enjoys partnerships with NetEase, [4] Kaixin, CCTV Channel V, YouTube and many film and TV producers in China, like Huayi and Hairun.

In April 2011, Ku6 Media announced the merger with Hangzhou Soushi Networking Co., Ltd. ("Pipi") in an all-stock transaction under which all of the equity interests in Pipi were sold to Ku6 in exchange for an aggregate of 2,212,114,257 ordinary shares of Ku6. [5]
In September 2010, Ku6 Media reached content cooperation agreements with Sony Pictures Television and another major Hollywood studio for some of its licensed content. [6]

In 2013, the company announced its love-theme UGC video campaign, which was expected to generate a good number of quality and creative UGC videos around the theme "love", though it did not succeed. [7]

Related Research Articles

<span class="mw-page-title-main">Viacom (2005–2019)</span> American mass media company (2005–2019)

The second phase of Viacom Inc., was an American multinational mass media and entertainment conglomerate with interests primarily in film and television. It was established on December 31, 2005, as one of two companies which succeeded the original Viacom, alongside the second CBS Corporation. The controlling shareholder of both companies was National Amusements, a theater company headed by businessman Sumner Redstone. The split was structured so that the original Viacom changed its name to CBS Corporation and spun out its cable and film interests as a new Viacom.

<span class="mw-page-title-main">NetEase</span> Chinese Internet technology company

NetEase, Inc. is a Chinese Internet technology company providing online services centered on content, community, communications, and commerce. The company was founded in 1997 by Ding Lei. NetEase develops and operates online PC and mobile games, advertising services, email services, and e-commerce platforms in China. It is one of the largest Internet and video game companies in the world. NetEase has an on-demand music-streaming service. NetEase video games include, the Westward Journey series, Tianxia III, Heroes of Tang Dynasty Zero and Ghost II.. NetEase has partnered with Blizzard Entertainment to operate Chinese versions of their games, such as World of Warcraft, StarCraft II, and Overwatch from 2008 to 2023. In August 2023, NetEase launched an American studio led by Bethesda and BioWare veterans.

<span class="mw-page-title-main">User-generated content</span> Online content created by users

User-generated content (UGC), alternatively known as user-created content (UCC), is generally any form of content, such as images, videos, audio, text, testimonials, and software, that has been posted by users on online content aggregation platforms such as social media, discussion forums and wikis. It is a product consumers create to disseminate information about online products or the firms that market them.

<span class="mw-page-title-main">Legendary Entertainment</span> American film studio

Legendary Entertainment, LLC is an American mass media and film production company based in Burbank, California, founded by Thomas Tull. The company has often collaborated with the major studios, including Warner Bros. Pictures, Universal Pictures, Sony Pictures and Paramount Pictures, as well as streaming services such as Netflix and Hulu. Since 2016, Legendary has been a subsidiary of the Chinese conglomerate Wanda Group and American equity firm Apollo.

WildBrain Ltd. is a Canadian media, animation studio, production, and brand licensing company, mostly associated as an entertainment company. The company is known for owning the largest independent library of children's television programming, including the assets of acquisitions such as Cookie Jar Group, Epitome Pictures, and Wildbrain Entertainment among others, distribution rights to the Jay Ward Productions library, and a stake in the Peanuts franchise.

<span class="mw-page-title-main">Tudou</span> Chinese video-sharing website headquartered in Shanghai

Tudou, Inc. is a Chinese video-sharing website headquartered in Shanghai, China, where users can upload, view and share video clips. Tudou went live on April 15, 2005 and by September 2007 served over 55 million videos each day.

Sevenload was a German-based video-sharing website on which users can upload, share and view videos. Since its founding in April 2006, the platform emerged on international markets to become a Social Media Network for photos, videos and web TV content. sevenload shows licensed content channels and allows users to upload their video and photo contents onto the site and then tag them, put them in albums and share them with other users, and is considered by some to be a counterpart to hulu in the US. Premium content and user generated videos at sevenload.com create an entertainment portal of editorial and professional web TV shows online. Selected content of sevenload's entire program airs on next generation TVs, set-top-box technology and games consoles with partners such as Sony, Philips Net TV, T-Home Entertain, Medion and Nintendo Wii. sevenload is currently available in twelve languages and offers localized country portals in Germany, France, Italy, Spain, Sweden, Poland, Russia, Turkey, UK, USA, Netherlands, Malaysia, Singapore, Australia, Japan, Indonesia, South Korea, India, China, Colombia and Mexico.

<span class="mw-page-title-main">Youku</span> Website

Youku Tudou Inc., doing business as Youku, is a video hosting service based in Beijing, China. It operates as a subsidiary of Alibaba Group Holding Limited.

Douban.com, launched on 6 March 2005, is a Chinese online database and social networking service that allows registered users to record information and create content related to film, books, music, recent events, and activities in Chinese cities. Douban is named after a Hutong in Chaoyang District, Beijing where the founder lived while he began work on the website.

Clive Ng is a media sector financier and executive. He has focused primarily on Asian business opportunities and has been instrumental in several joint-venture partnerships between American companies and Asian firms, particularly during the Internet and e-commerce boom of the late 90s and early 2000s. He has also been a founding shareholder in Asian new media firms such as MTV Japan and E*TRADE Asia.

<span class="mw-page-title-main">Leaf Group</span> American online brand company

Leaf Group, formerly Demand Media Inc., is an American content company that operates online brands, including eHow, livestrong.com, and marketplace brands Saatchi Art and Society6. The company provides social media platforms for large company websites and distributes content with social media tools to web outlets. It is commonly known for being a content farm. Demand Media was created in 2006 by a former private equity investor, Shawn Colo, and the former chairman of MySpace, Richard Rosenblatt.

DramaFever was a video streaming website owned by Warner Bros. that offered on-demand streaming video of documentaries, movies, and TV shows with subtitles. DramaFever's content offering was both ad-supported for regular users and available in high definition for premium subscribers.

Yospace is a digital video distribution company. Its technology allows live and on-demand video content to be taken to connected devices such as smartphones, feature phones, tablets and to web browsers with user-targeted ad insertion.

Future TV Co. Ltd. is a subsidiary of China Network Television (CNTV), the official online division of Chinese national public broadcaster China Central Television (CCTV). It focuses on the expansion of Internet TV business and runs a national Internet TV platform—China Internet TV (iCNTV), which has millions of online users.

Gary Wang or Wang Wei is a Chinese businessman. He is the founder of the Chinese video sharing company Tudou.com and served as its CEO until August 2012. He is currently the founder of Light Chaser Animation Studios, an animation studio based in Beijing. Wang is also a novelist, screenwriter, and playwright. He holds a bachelor's degree in computer Science from the Johns Hopkins University, and an MBA from INSEAD.

iQIYI Chinese video streaming service

iQIYI, formerly Qiyi (奇艺), is a Chinese subscription video on-demand over-the-top streaming service owned by Baidu. Headquartered in Beijing, iQIYI primarily produces and distributes films and television series.

<span class="mw-page-title-main">WhoSay</span> American social media platform

WhoSay is an American social media service and branding platform for celebrities and their fans. Founded in Los Angeles in 2010, with financing by Creative Artists Agency (CAA), Amazon.com and other investors, it is notable for allowing its users to retain ownership rights over the content that they post to their accounts, through copyright branding, and for enabling users to post content to other social media sites like Twitter, Facebook, Instagram and Tumblr simultaneously. WhoSay describes itself as a "social celebrity magazine" whose editorial team keeps its users informed about the latest celebrity and entertainment news.

<span class="mw-page-title-main">Jukin Media</span> Viral video licensing company

Jukin Media, Inc. is an entertainment company that operates by identifying shareable or otherwise compelling user-generated videos, negotiating with the video owners, and then licensing the videos for third-party use and/or featuring the videos in its own productions. The company was founded in 2009 by Jonathan Skogmo, Aldo Carrascoso and Josh Entman and is headquartered in Los Angeles, California.

<span class="mw-page-title-main">Pluto TV</span> Internet-based TV platform

Pluto TV is a free ad-supported streaming television (FAST) service owned and operated by the Paramount Streaming division of Paramount Global.

<span class="mw-page-title-main">Xigua Video</span> Chinese live streaming video platform

Xigua Video is a Chinese online video-sharing platform owned by ByteDance. Originally serving primarily as a sharing platform for Toutiao's user-created short videos, Xigua now also produces film and television content. Xigua Video continuously provides content to different audiences through personalized services. As of June 2020, the platform has 131 million monthly active users.

References

  1. 1 2 3 4 5 "Ku6 Media Reports Unaudited Financial Results For the First Quarter of Fiscal Year 2015". Ku6. June 12, 2015. Retrieved June 15, 2015.[ permanent dead link ]
  2. "Business Summary".
  3. "Company Full Description". Archived from the original on 2010-12-07.
  4. Duffy, Louise (1 November 2012). "Ku6 Media announces partnership with NetEase". rapidtvnews. Retrieved 5 December 2020.
  5. "Ku6 Announces Merger With Pipi.cn".
  6. "Ku6 Media Acquires Copyright Entertainment Content from Major Hollywood Studios". Archived from the original on 2014-02-20. Retrieved 2014-02-20.
  7. "Ku6 Media Announces the Love-Theme UGC Video Campaign".