The music streaming world just got a whole lot more competitive, especially in Malaysia, with a new player joining the ranks of Spotify, Deezer and Raku, reports Edwin Yapp.
Astro Malaysia Holdings Bhd claimed it is seeing good momentum for its recently-launched home shopping and e-commerce business, Astro GS Shop Sdn Bhd.
It has been a busy week for the ecosystem, and for DNA! While MDeC works to strengthen the gaming ecosystem, DNA does the same by adding video reviews in both English and Bahasa Malaysia; and while Astro talks up its content in the face of OTT competition, DNA offers a free PDF download of its Telco Deep Dive 2015 special report, writes Karamjit Singh.
DNA cuts down its appearance on BFM Radio but gets more serious, along with BFM, about going social with its content on the business station.
Pay-TV operator Astro Malaysia Holdings Bhd is confident that the emergence of new over-the-top video-on-demand players will not hurt its market dominance or have an impact on its revenue.
Despite the increasing competition in the video-on-demand (VOD) space, fixed-line operator Telekom Malaysia Bhd (TM) believes that it has what it takes to stay competitive with its HyppTV Internet Protocol Television (IPTV) service.
Malaysia’s largest pay-TV operator Astro Malaysia Holdings Bhd has launched its own music and radio streaming app called Raku, hoping that it would be able to make a difference – to Malaysian listeners and artistes, at least.
Astro said its revenue grew by 9% year-on-year to RM5.2 billion (US$1.4 billion) in its 2015 financial year (FY15) ended Jan 31, 2015.
Astro’s plunge into e-commerce benefits other e-commerce players in Malaysia and consumers as well, says Karamjit Singh, whose attention was also caught by the launch of a venture debt fund in Singapore and the 2014 financial results of Fusionex International, whose CEO Ivan Teh is a DNA Digerati50.
Astro’s foray into e-commerce, led by its newly-launched home shopping channel, has Karamjit Singh intrigued as he looks what Astro’s Korean partner brings to the table and what impact this will have on smaller e-commerce players.