Petaling Jaya: Ansat Broadcast Sdn Bhd and PT MNC Vision Networks Tbk (IPTV), a subsidiary of MNC Group, today offer subscriber-based TV and content distribution services using Direct-to-Home (DTH) for Malaysians signed the terms of the joint venture. market.
Malaysian viewers will be able to enjoy content delivered through the over-the-top (OTT) platform of PT MNC Digital Entertainment Tbk, the digital entertainment division of MNC Media.
The term sheet was signed by Tan Sri Vincent Tan Chee Yioun, Executive Chairman of Ansat Broadcast, who is also Founder and Chairman of Berjaya Corporation Bhd (BCorp), and Hary Tanoesoedibjo, Executive Chairman of MNC Group.
Ansat Broadcast is licensed by the Malaysian Communications and Multimedia Commission to provide content application services including subscription and non-subscription based TV broadcasting.
Tan said MNC Group is a good group to work with in media business, especially satellite TV and all digital related businesses.
“I am very excited. I believe that with the strengths and capabilities of MNC Group, we can do well in Malaysia.This joint venture will also give us the opportunity to invest in Indonesia. We are also discussing some kind of cooperation in Indonesia with MNC Group and businesses in which both the group and the MNC Group are participating,” he said at a press conference after the signing ceremony at Berjaya Times Square in Kuala Lumpur. told reporters.
Tanoesoedibjo said MNC Group is the largest pay-TV and OTT player in Indonesia and can enter the Malaysian market through Berjaya’s network.
“So far, we have sold Indonesian content to Malaysia. I hope this joint venture will grow well and I am very confident that Berjaya Group has a very good ecosystem. I have.”
IPTV, part of Indonesian multinational conglomerate MNC Group, is Indonesia’s leading broadcast service provider and content provider. With a roster of established home media brands such as MNC Vision, K-Vision and MNC Play, he has over 11.5 million total subscribers.
At the same event, BCorp and PT MNC Kapital Indonesia Tbk (BCAP), a subsidiary of MNC Group, signed a preliminary non-binding letter of condition allowing the two companies to explore e-money business in Malaysia. Developing and expanding e-money related services, especially between Indonesia and Malaysia.
Tan, who signed the term sheet with Tanoesoedibjo, said: We look forward to the possibility of expanding the scope of our cooperation with the MNC Group to further strengthen our position as the world’s leading consumer group. ”
BCAP, founded by MNC Group, is one of the largest domestic business groups in Indonesia. Under the leadership of founder Tanoeso Dibujo, MNC Group has become the leader of his four strategic investments: Media and Entertainment, Financial Services, Entertainment Hospitality and Energy.