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.
Astro has announced a joint venture with South Korean multimedia retailer GS Home Shopping which has launched Go Shop, a new 24-hour shopping service available on Astro TV (Channel 118), Astro On The Go, as well as web and mobile platforms.
Astro Productions Sdn Bhd (APSB) and Iskandar Malaysia Studios Sdn Bhd (IMS) are collaborating to offer what they said are world-class integrated television content production services at Pinewood Iskandar Malaysia Studios (PIMS).
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Puncak Semangat offers a view into how it hopes to make money from Digital TV, Karamjit Singh reports.
Analysts expect better times ahead for Astro Malaysia Holdings Bhd, despite the rising content costs being experienced by the satellite TV operator.
Astro full-year profits within analysts’ estimates Revenue growth driven by strong subscription, adex