YOU On Demand Holdings, Inc. (YOD) - NASDAQ
  • 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.
    | Wed, Jul. 13, 7:10 PM
  • 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.
    | Fri, Jun. 3, 5:11 PM
  • 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.
    • Press Release
    | Mon, May 16, 2:00 PM
  • Mon, May 16, 7:09 AM
    • YOU On Demand (NASDAQ:YOD): Q1 EPS of -$0.09
    • Revenue of $1.27M (+23.3% Y/Y)
    • Press Release
    | Mon, May 16, 7:09 AM
  • 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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    | Wed, May 11, 2:38 PM
  • 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.
    | Mon, May 9, 11:01 AM
  • 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.
    | Tue, May 3, 12:38 PM
  • Wed, Mar. 30, 12:46 PM
    | Wed, Mar. 30, 12:46 PM | 1 Comment
  • 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.
    • Press Release
    | Wed, Mar. 30, 12:35 PM
  • Wed, Mar. 30, 8:55 AM
    • YOU On Demand (NASDAQ:YOD): Q4 EPS of -$0.08
    • Revenue of $1.62M (+241% Q/Q)
    • Press Release
    | Wed, Mar. 30, 8:55 AM | 1 Comment
  • Mon, Mar. 28, 9:47 AM
    • Video provider You On Demand (YOD +2.8%) has named Mei Chen its new chief financial officer, effective April 1.
    • In addition, Bing Yang is joining the firm to head up a newly formed E-Commerce division.
    • Chen joins the company most recently from Microsoft China, after years at multinationals including Cisco and Nokia. Yang, meanwhile, was most recently CEO of e-commerce firm KJT.
    • The company will discuss the hires and the new division on its Q4 earnings call, now moved from Wednesday morning to after the close Wednesday, at 4:30 p.m. ET.
    | Mon, Mar. 28, 9:47 AM
  • Mon, Feb. 29, 4:40 PM
    • You On Demand (YOD +5.9%) is confirming it doesn't expect new online publishing rules in China to have an impact on business, despite some new restrictions.
    • The company provides Hollywood movies and premium content to screens in China, and the country has issued new Administrative Provisions on Online Publishing Services that affect overseas entities and joint ventures.
    • Foreign entities (and Sino-foreign joint ventures) continue to be prohibited from operating online publishing services and engaging in content distribution.
    • You On Demand says it's still following laws and regulations with regard to approvals at the State Administration of Press, Publication, Radio, Film and Television. "You On Demand is not, and has never been, a company that exploits gray areas in the Chinese regulations," says CEO Mingcheng Tao.
    | Mon, Feb. 29, 4:40 PM
  • Tue, Jan. 26, 9:41 AM
    • You On Demand (YOD +0.7%) has named Mingcheng Tao its chief executive officer to replace Weicheng Liu, and expanded its board.
    • The company's board is going to nine directors from a previous seven, and adding Pao-Yun (Polly) Wang, along with Tao, as the new members.
    • Tao most recently was CEO at BesTV Network Television Technology Development, and had previously served as president of Shanghai Interactive Television.
    • Wang has held positions at IBM and Cisco in a career spanning more than 25 years.
    | Tue, Jan. 26, 9:41 AM
  • Tue, Jan. 12, 10:52 AM
    • China-market video firm You On Demand (NASDAQ:YOD) is up 1.9% after adding two members to its board, including tycoon Bruno Wu, elected as the firm's chairman.
    • Jian Ren (Jerry) Fan also joined the board as of Jan. 6. Fan, most recently a managing director and country manager for Analog Devices, was appointed to the board's Audit Committee.
    • Wu, founder and CEO of Sun Seven Stars Media Group, replaces Xuesong Song, who steps down as executive chairman but stays on as a director. Founder Shane McMahon will become vice chairman.
    | Tue, Jan. 12, 10:52 AM
  • Dec. 23, 2015, 10:44 AM
    • You On Demand (YOD +1.7%) has closed on a (slightly restructured) $10M strategic investment from Bruno Wu's Sun Seven Stars Media Group.
    • SSS has invested $10M in YOD common stock at $2.20/share, about a 21% premium to its current price of $1.82 (and about a 10% premium over volume-weighted average closing price on Nasdaq in the past 60 days) and receives two-year warrants to buy up to another 1.818M shares at $2.75/share.
    • SSS also gets a six-month promissory note, automatically converted on shareholder approval into another 9.21M shares in exchange for licensing rights.
    • The restructured investment means You on Demand will no longer seek shareholder approval at the Dec. 29 annual meeting.
    | Dec. 23, 2015, 10:44 AM | 1 Comment
  • Nov. 24, 2015, 9:26 AM
    • You On Demand (NASDAQ:YOD) is up 9.6% premarket after confirming a definitive deal for a strategic investment from Bruno Wu's Sun Seven Stars Media Group.
    • Sun Seven Stars had proposed a strategic investment of $10M at $2.20/share, in a plan that included loans for operations as well as non-exclusive content rights for more than 3,100 hours of content.
    • The deal is unanimously approved by both boards and is set to close in December; You On Demand's largest shareholders have pledged to vote in favor.
    • YOD was trading at $2.29/share premarket.
    • Previously: You On Demand +7.4% after strategic investment from Sun Seven Stars (Nov. 16 2015)
    | Nov. 24, 2015, 9:26 AM
Company Description
YOU On Demand Holdings, Inc. is a subscription and transactional Video On Demand service provider delivering premium content to customers across China through mobile and TV screens. The company has secured alliances with global media operators and content developers. It has content distribution... More
Sector: Services
Industry: CATV Systems
Country: United States