WebTVAsia, the continent’s Malaysian-based multi-channel network and digital studio, has agreed on a multi-year partnership with French video-sharing site DailyMotion to collaborate on a 100-channel rollout.
Announced at MIP TV ’15, the two companies will also work together on co-producing exclusive content for the Asian market.
Terms of the deal were undisclosed.
WebTVAsia’s YouTube MCN has recruited 3 million subscribers and averages 150 million viewers monthly in territories such as China, Korea, Japan, Hong Kong, Taiwan, Malaysia, Indonesia and Singapore.
Paris-based Dailymotion attracts 300 million viewers a month that watch 3 billion videos on its site.
Founded in 2013, WebTVAsia is owned by Prodigee Media, while Dailymotion is currently owned by French media giant Orange.
This latest deal can only accelerate the sale of Dailymotion to French multi-media giant Vivendi, which revealed on April 7 that it had submitted a bid to current Orange and entered exclusive talks for an 80% stake in the service at a value of 217 million Euros (US$ 229.5 million).
Pictured: Prodigee Media co-founder and WebTVAsia group CEO Fred Chong shakes hands with Dailymotion VP of content, Marc Eychenne.