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OTT Service: More content in the Asia-Pacific

Malaysia, Thailand, Philippines, Indonesia and Vietnam will benefit from thousands of hours of entertainment for a low monthly price. This has been possible since the  Southeast Asian internet TV service iflix has completed a $30 million financing round led by investment firm Catcha Group and Filipino telco PLDT.

The financing will be used to expand the internet-delivered SVOD service across Southeast Asia, invest in acquired and original content and market the platform to consumers.

The iflix service is said to have been designed to address the preferences and demands of the rapidly expanding Asian market. The promoters said that they want to  introduce new media services that will fuel further the demand for broadband and mobile access across Southeast Asia.