Metro-Goldwyn-Mayer joins iFlix family as strategic investor
Southeast Asia’s leading Internet TV service iFlix, which offers subscribers unlimited access to tens of thousands of hours of entertainment for a low monthly price, is pleased to announce that Metro-Goldwyn-Mayer (MGM) has become an investor in the business.
MGM after all is one of Hollywood’s most acclaimed and prestigious studio.
The investment represents a significant deepening of the relationship between iFlix and MGM. It includes the appointment of MGM Chairman and Chief Executive Officer Gary Barber to iFlix’s Advisory Board and the companies’ extensive multi-year content licensing partnership.
Through the agreement MGM contributes premium in-demand television and film content that comprises a portion of the 20,000 movies and television episodes that make up iFlix’s extraordinary library of top entertainment content.
IFlix Group CEO, Mark Britt said: “We are thrilled to have a studio partner and strategic investor of MGM’s caliber join the iFlix family. MGM’s substantial weight, influence and resources in the industry will be a critical advantage for us in the development and execution of our strategy as we look to solidify our leadership in the region and expand into new markets.”
“This partnership once again reaffirms iflix’s commitment to work with the absolute best companies and brands globally. – We look forward to continuing to strengthen our relationship going forward,” said Britt.
“iFlix is an innovative and rapidly growing service,” said Barber. “We are always looking at new strategic investment opportunities and this is one about which we are very excited.”
Having recently launched in Malaysia and the Philippines, iFlix will roll out its world class service to additional key Southeast Asian markets, including Thailand and Indonesia throughout 2015, offering consumers the largest library of top U.S., Asian regional, and local TV shows and movies available in the region.
Each subscription allows users to access the service on five devices such as mobile, tablet, computer, or television set, for viewing anywhere, anytime. The service is priced at only RM8 per month in Malaysia for unlimited access. TVJ
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