BEIJING, Sept. 16 /PRNewswire-Asia/ -- Ku6 Media Co., Ltd. ("Ku6") (Nasdaq: KUTV), a leader in online video portal operations in China, today announced that Ku6 has reached content cooperation agreements with Sony Pictures Television and another major Hollywood studio. Those agreements make Ku6 the first Chinese local video portal to acquire legitimate copyright content from major Hollywood studios.
In December 2009, Ku6 was the first Chinese video portal to delete pirated contents posted by its users and also established the "International Film & TV Co-Acquisition Fund" with Sohu.com with an initial funding of US$10 million. These efforts, plus exclusive partnership agreements with well known local film and TV producers such as Huayi and Hairun, etc., won recognition for Ku6's copyright protection policy from the world's copyright owners and administrative authorities.
Kevin (Shanyou) Li, the founder of Ku6.com and Ku6's Chief Executive Officer, said, "By signing these agreements with Sony Pictures Television and another major Hollywood studio, we will acquire the internet broadcasting rights in mainland China for several hundred of Hollywood features and TV episodes. This will significantly enhance the viewing experience for our users. We firmly believe that respecting intellectual property rights is the global best practice for video portals, for today and in the future. We will provide more copyright protected contents to our users. That content will please our users and will enhance our brand as we build a major media platform to provide differentiated marketing services to our advertising partners."
About Ku6 Media Co., Ltd.
Ku6 Media Co., Ltd. (Nasdaq: KUTV) is a leading online video company in China. Through its two premier online brands and online video websites, http://www.ku6.com and http://www.juchang.com , Ku6 provides video information services and entertainment in China.
As a leading online video portal, http://www.ku6.com provides a video platform for sharing and watching user-generated content. It also provides online video news, reports, and other interactive entertainment programs for its users.
Ku6's http://www.juchang.com offers a broad array of copyright compliant content, such as movies, television series, and other video programs sourced from Ku6's global content partners, with all content having high definition quality and fast speeds for seamless viewing.
For more information about Ku6, please visit http://www.ku6.com/about/ku6/ .
Forward-looking Statements
This news release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "believes," "could," "expects," "may," "might," "should," "will," or "would," and by similar statements. The accuracy of these statements may be affected by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks related to: continued competitive pressures in China's internet video and audio portal market; changes in technology and consumer demand in this market; the risk that Ku6 Media may not be able to control its expenses in future periods; changes in the policies in China or the laws governing the operations and content of internet video and audio portal websites; the success of Ku6 Media's ability to sell brand advertising and other services on its websites; and other risks outlined in the Company's filings with the Securities and Exchange Commission, including the Company's (filed under the name of Hurray! Holding Co., Ltd.) annual report on Form 20-F. Ku6 Media does not undertake any obligation to update this forward-looking information, except as required under law.
For more information, please contact:
Mr. Matthew Zhao (English and Chinese)
Investor Relations Officer
Phone: +86-10-5758-6818 in Beijing
Email: ir@ku6.com
Christensen
Mr. Tom Myers (English)
Mobile: +86-139-1141-3520 in Beijing
Email: tmyers@christensenir.com
