The set of agreements serve as a transition into the global media marketplace expansion for the advertising-based video-on-demand service, as well as Africa's leading telecommunications giant.
46% of Latinos in the United States prefer consuming AVOD services instead of pay TV (20%), ad-supported subscription video-on-demand (16%), SVOD (14%) and live video (5%), according to Penthera's newest report.
Chicken Soup for the Soul Entertainment, one of the leading operators of streaming advertising-supported video-on-demand networks, announced at the 2021 NewFronts the formation of Halcyon Television.
ViacomCBS Networks International and Rakuten Group announced the signing of a broad long-term agreement, which includes the launch of Nick+, Nickelodeon’s kids’ streaming service, on Rakuten’s video-on-demand platform, Rakuten TV, in Japan.
The company acquired the remaining 75% from its partner, Lionsgate. As a result of the transaction, Hemisphere now owns 100% of Pantaya, the video-on-demand subscription service for the Spanish-speaking market in the United States.