PCCW Media operates a portfolio of streaming products: video service Viu, short-clip service Vuclip and music service MOOV. Viu is available in 15 countries with about 12 million monthly active users and uses a hybrid paid-subscription and ad-supported model; Vuclip serves shorter videos across 19 countries and was acquired two years prior. MOOV is active in Hong Kong and expanded to Vietnam last year. The company reports highly engaged users on Viu, averaging 1.3–1.8 hours per day and more than 15 videos per week. PCCW Media says it is funded by its parent and did not strictly need to raise capital; strategic rationale for the deal centers on commercial and product synergies. Near-term priorities include deeper penetration of existing markets, adding localized and original content, and product development and localization tweaks.

Total raised

$110M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2017