Video On Demand
Iflix raises its latest round of US$133 million led by US entertainment conglomerate Hearst, with all its existing shareholders also participating.
Patrick Grove has thrown his hat into the South-East Asian online video ring, and he is betting on entrepreneurial flair and his New York-based partner, Evolution Media Capital, to give him the knockout punch against competitors such as Singtel.
Karamjit Singh sees innovation as a common thread running through some of the stories in DNA this week, including Frost & Sullivan’s Global Innovation Centre in Iskandar Malaysia and Goh Thean Eu’s telco recap for 2014. Oh, and Patrick Grove comes into the picture too with his impending iflix service.
After weeks of market buzz, Internet entrepreneur Patrick Grove’s Catcha Group has officially announced ‘iflix,’ its entry in the Video On Demand (VOD) space, just about a month after Singapore Telecommunications Ltd (Singtel) unveiled its own Netflix-type service.