YOU On Demand Holdings, Inc.NASDAQ
Mon, Nov. 14, 12:03 PM
- Video provider You On Demand (NASDAQ:YOD) -- actually now Wecast Network (WCST), as of today -- posted Q3 results where revenues tripled and net loss narrowed.
- The company swung to a gross profit, while net loss of $2.05M narrowed from a year-ago loss of $2.086M.
- Revenue gains (to $1.63M from $476K) were mainly attributed to gains at its cable platform (which made up 78% of total revenue).
- "With the name change to Wecast Network now officially complete, we begin a new chapter in the history of this company," says Chairman Bruno Wu. "As we reimagine and build-out our business model into global, vertical, ubiquitous and transactional revenue streams, revenues from the legacy business continue to moderately build off of prior comparative periods."
- Press Release
Mon, Nov. 14, 7:21 AM
Mon, Sep. 19, 9:52 AM
- You On Demand (NASDAQ:YOD) is up 3.2% in early going, having just signed an offer to buy most of M.Y. Products and moving to change its corporate name.
- The company has a nonbinding term sheet with Sun Video Group HK Limited, an affiliate of YOD chairman Bruno Wu's, to buy 51% of M.Y. Products, a video commerce and supply chain management operator.
- It's paying $50M in its common stock and $800,000 cash, and if MYP doesn't meet a guarantee of $200M top-line (and reach profitability) within 12 months, the stock will be forfeited back.
- You on Demand is also changing its name to WeCast Network, effective in Q4. It's seeking to change its Nasdaq ticker to WCST.
Mon, Aug. 15, 11:41 AM
- You On Demand (NASDAQ:YOD) is off 1.1% after reporting Q2 earnings in a quarter where it was changing business models (to "B2B2C") based on investment from Bruno Wu's Sun Seven Stars.
- Revenues (legacy) were $1.48M, which were flat Y/Y but rose 16.6% Q/Q, based on gains in OTT and mobile platforms.
- Despite the business shift, the company still forecast both quarterly and Y/Y growth in its legacy video-on-demand business for both Q3 and Q4.
- "You On Demand is in the midst of both a very intriguing and burgeoning period in this company's long and arduous journey towards success and profitability," says CEO Mingcheng Tao. "In the next coming days, weeks and months, You On Demand will be announcing several strategic partnerships, asset injections, acquisitions and corporate restructurings. All of these maneuvers will be driven by the vision that Mr. Bruno Wu laid out on prior earnings calls and public announcements."
- Press Release
Mon, Aug. 15, 7:01 AM
Fri, Aug. 12, 10:27 AM
- You On Demand (YOD +1.2%) has closed an investment from Harvest Alternative Investment Opportunities that netted the company $4M.
- The on-demand video company entered into a security purchase agreement calling for it to sell 2,272,727 shares to harvest for $1.76/share.
- It'll use the fund for M&A activity, along with "licensed content procurement" and general purposes.
- Shares of YOD are down 9% YTD.
Wed, Jul. 13, 7:10 PM
- You On Demand (YOD +1.3%) says in a filing that it's entered into a common stock purchase agreement with Seven Stars Works, part of the empire of tycoon Bruno Wu.
- YOD will issue and sell 2,272,727 shares of stock for $1.76/share (about $4M total). YOD shares are up 1.9% after hours, to $1.61/share.
- Some $2M in the deal has been received and close, with the other $2M pending receipt of ordinary course approval from Chinese authorities.
Fri, Jun. 3, 5:11 PM
- In an SEC filing, You On Demand (YOD +0.6%) says it's entered a joint venture with Megtron Hongkong to operate, market and promote apps, including apps pre-installed on smartphones exported to China.
- Shares of YOD are up 7.5% after hours.
- YOD will make sure the venture is connected to China's online channels and support its operations and technology, along with some branding and content customization.
- Megtron, meanwhile, will be responsible for negotiating with regional carriers and telecoms. The JV will have registered capital of $10M, and three directors (including chairperson) appointed by YOD and two by Megtron.
Mon, May 16, 2:00 PM
- You On Demand (NASDAQ:YOD) is off 3.1% after it narrowed losses Y/Y in Q1 earnings that come alongside a company realignment.
- The company is shifting into four different verticals after a cash infusion from tycoon Bruno Wu and his Sun Seven Stars Media Group, including team-ups with Frequency Networks, GoLive and Huawei.
- Net loss was $2.27M; revenue (pre-Sun Seven Stars, legacy revenue) was $1.27M, up 24%, mainly due to to new channels on over-the-top platforms that made up 51% of revenues. The company swung to a gross profit.
- Conference call to come at 4:30 p.m. ET.
Mon, May 16, 7:09 AM
- YOU On Demand (NASDAQ:YOD): Q1 EPS of -$0.09
- Revenue of $1.27M (+23.3% Y/Y)
Wed, May 11, 2:38 PM
- Video firm You On Demand (YOD +0.6%) has an expanded distribution deal with handset power Huawei to offer broader transactional VOD and subscription VOD offerings in mainland China.
- The move increases the addressable user base by 10M users, the companies say. Working on Huawei's InTouch service delivery platform, You On Demand will offer a branded subscription VOD zone with 384 movies (from China and Hollywood) -- up to 120 at a time with 20% refreshing every month.
- Combined with YOD's joint venture with Frequency and recently announced deal with GoLive, the Huawei deal should push YOD's contracted addressable user base to about 170M by the end of the year, it said.
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Mon, May 9, 11:01 AM
- Video provider You On Demand (YOD +3%) has formed a strategic partnership with cloud-based content provider GoLive TV, which focuses on HD content sent via smart televisions.
- The team-up should not only increase YOD's offering in China, but it's targeted at creating a foreign distribution business to be called Global On Demand.
- The deal is happening through YOD's Chinese unit Tianjin Sevenstarflix.
- The pair expect to reach 12M smart TVs by the end of the year. GTV has formed partnerships to distribute content with several makers of smart TVs. In 2017, they expect to offer channels and videos covering 10 different languages.
Tue, May 3, 12:38 PM
- You On Demand (NASDAQ:YOD) is forming a joint venture with Los Angeles-based Frequency Networks to take on consumer video management in Asia.
- Shares have jumped 9.3% on heavy volume today.
- The venture, Frequency Asia, will include a purchase by YOD of a 9% strategic equity stake in Frequency, which powers a number of white-labeled video services.
- Expanded distribution will come in the new deal -- Frequency Asia programming will include more than 70,000 channels organized into more than 60 unique verticals -- along with a stable of made-for-Web channels with brand partners that will be distributed globally.
- The investment into Frequency comes via purchase of Series A preferred stock, with an initial purchase of $3M in shares. Frequency issued 6-year warrants exercisable into up to 3M shares of preferred stock.
Wed, Mar. 30, 12:46 PM
Wed, Mar. 30, 12:35 PM
- Video on demand provider You On Demand (NASDAQ:YOD) is up 11.1% after Q4 earnings results where it posted a narrower net loss (for the quarter and the year) and boosted revenues 241% from Q3.
- Revenue for the year rose 135% from 2014, to $4.6M.
- Current assets at year-end were $10.1M; cash didn't include the $10M in proceeds the company received from an investment by Bruno Wu and Beijing Sun Seven Stars Culture Development Limited.
- Conference call to come at 4:30 p.m. ET.
Wed, Mar. 30, 8:55 AM
- YOU On Demand (NASDAQ:YOD): Q4 EPS of -$0.08
- Revenue of $1.62M (+241% Q/Q)