12,000 hours of Chinese content; the largest licensed library outside China
Eight of China’s top content partners onboard
SINGAPORE, October 25 – Video streaming OTT platform Vidfish has officially launched with the world’s largest Chinese content library, outside Mainland China. Operating as a video-on-demand subscription (SVOD) model, the Vidfish app provides 12,000 hours of premium uninterrupted online content for its viewers.
Vidfish’s content library, with diverse, high quality licensed Chinese content, smooth video-streaming capabilities, and an advertising-free experience is available in more than 190 countries. Building from its soft launch, the Vidfish app now has 150,000 registered users, with the average user spending about 36 minutes per session.
Amie Hu, Co-founder of Vidfish said, “Vidfish is like a Chinese language Netflix, providing thousands of hours of Chinese entertainment that can be watched anytime, anywhere. Southeast Asia is our current largest market, but we are aiming to attract a global audience, which includes an audience of over 50 million viewers of Chinese language video content outside of China. We are targeting to have one million users by 2019.”
Mainland Chinese streaming video entertainment sites have seen some of the most explosive growth in the world, spurring the China video content entertainment industry to flourish. Firms including iQiyi, Tencent Video and Youku, have become titans, with a subscriber base of over one billion users just within China.
Chinese video content is now seeing increasing demand outside of China. The Story of Yanxi Palace is one example of the growing international appeal for China-developed content. It set a one-day online viewer record in China with 530 million views, and has been viewed 13 billion times since August 2018. It is the most viewed Chinese language drama of 2018. It is available in more than 70 countries, and has been dubbed in multiple languages, including Cantonese, Vietnamese, Hindi and Tamil.
Vidfish aims to attract highly engaged worldwide users who are yearning for the uninterrupted, licensed streaming of high quality Chinese video content. Most of the content consists of high-quality Chinese productions TV shows and movies spread across a wide variety of categories, from comedies, romance, palace, thriller, family, modern life to even horror themes.
Vidfish has partnered with some of the top content providers in the Chinese film and TV industry including, Hunan Broadcasting Network Mango TV, Jetsen Huashi, Zhejiang Hua Ce Film & TV, and 1905.com. Moving forward, the platform will sign more partnership deals to expand its content library.
Vidfish is working on adding English and other local language subtitling to better serve a diverse global audience, as well as incorporating more features such as in-app chat, viewer rewards and offline downloading. Vidfish’s entire content library is available to viewers for a small monthly fee, which is one of the lowest in the industry.
According to PwC, three of the top ten fastest growing territories for entertainment and media spending are from Asia. Between 2016-2021, the entertainment and media sector is projected to grow 7.2 per cent in Southeast Asia, reaching US$64.5 billion in 2021.
Bringing Blockchain to Entertainment
In the coming months, Vidfish will leverage blockchain technology to create a collaborative ecosystem for users, content providers, celebrities and content partners. The innovative VUO Coin will provide a blockchain enabled payment mechanism that allows users to pay content providers directly for their TV and movie content, providing immediate revenue and feedback to the content producers. This blockchain payment mechanism will be an addition to the existing subscription model.
“This next step in our development will bring all the stakeholders of the Vidfish and VUO Coin community together. Everyone from users, content providers to celebrities will benefit from the “Vidfish Powered by VUO” video-streaming model, celebrity engagement, and peer-to-peer engagement services”, Amie commented.
VUO Coin will also integrate blockchain supported reward programs for users by allowing them to comment, share and rate videos.
VUO Coin provides a simple means to allow content providers to enjoy transparent, real-time, direct payment from viewers. With fair compensation for content partners, transparency to both content providers and users, an international platform for showcasing content, and minimizing content piracy, “Vidfish Powered by VUO”, will become a catalyst that transforms the video content entertainment industry.
Vidfish is a technology enabled content streaming platform that provides thousands of hours of licensed movie and TV series programming from China that you can watch anytime, anywhere. Vidfish provides to users a superior viewing experience with a huge assortment of Chinese content in HD, new and unique user features, and an unparalleled zero advertising experience.
In addition to its subscription-based model, its blockchain video distribution model allows for direct, free-market B2C distribution and sales between content providers and users, an ecosystem that is necessary to achieve a sustainable compensation model for content providers to continuously provide good quality content.
VUO Coin is the catalyst that is transforming the video entertainment industry. The innovative, disruptive, blockchain-supported, VUO Coin tokenized platform will forever change how video content is provided, watched and monetized.