Last night, the last thing I read about an ongoing acquisition of one of my favorite streaming entertainment service is that an Australian company is bidding to buy iflix. Today, major news outlet confirmed the purchase of iflix by a Chinese company, Tencent.
Currently iflix is streaming in Philippines, Thailand, Nepal, Brunei, Pakistan, Malaysia, Bangladesh, Indonesia, Sri Lanka, Maldives, Myanmar, Cambodia and Vietnam. In a statement sent by Tencent to Campaign, they confirmed the acquisition this week:
“We confirmed that Tencent has purchased Iflix’s content, technology and resources.”
To be honest, I am surprised about this acquisition given what happened recently to HOOQ. Though Singtel made a decision for its own reorganization, I am positive that iflix brand will shrink to Tencent’s streaming app WeTV. This purchase is obviously to streamline and empower weTV given that it provides wide and compelling selection of video content in Southeast Asia such as TV shows, movies and local originals, to stream or download, on any Internet-connected device.
iflix is Southeast Asia’s leading entertainment service with the widest and most compelling selection of TV shows, movies, and hyper local originals, available to stream or download, on any internet connected device. iflix offers users two exceptional experiences through its iflixFREE and iflixVIP offerings. One of the iflix originals I like is “MYSTIFIED”
WeTV, also known as Tencent Video in China is getting is popularity across the region. Recently, Thailand joined the list of countries where weTV is streaming.
As of last year, Tencent Video had over 900 million mobile monthly active users, and 89 million subscribers.
I made a vlog about streaming apps available in the Philippines early this year. You can watch it here:
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