HONG KONG, Aug. 4 /Xinhua-PRNewswire/ -- VODone Limited (“VODone” or the “Company”) (SEHK code: 82.HK), online media service provider with the leasehold of complete set internet business and internet video-broadcasting licenses in China(1), announces that the agreement in relation to Olympic 2008 was signed with Xinhua Media(2) on July 31, 2008 at VODone’s headquarter in Zhongguancun, Beijing. The Chief Editor of Xinhua Media, Mr. Jing Yufeng, Chairman of VODone, Dr. Zhang Lijun and the CEO of VODone, Ms. Wang Chun were present in the signing ceremony, symbolizing the official commencement of the contents cooperation during the Olympic Games.
VODone will launch an online video theme programme, “Olympic OnlineExpress”, where the latest, fastest and the most accurate Olympic news and information will be provided by Xinhua Media. Internet users can view the Express at VODone Live during the Olympic period without any charges. In order to increase the income source, the cooperation will produce a series of VCDs and DVDs, recording Olympic Game highlights and interviews in the name of “Xinhua Media -- VODone” during post Olympic period. Both parties will fully utilize their resources to jointly promote the products and recruit advertisers for sharing the revenue.
The Chairman of VODone, Dr Zhang Lijun said, “As two media with tremendous strength in the PRC, the win-win cooperation between VODone and Xinhua will broaden income stream. It will also bring enormous branding effect and economic benefits for both parties during and post Olympic Games”.
Note 1: VODone Telemedia Co. Ltd. (SEHK: 0082): a strategic partner of
VODone Limited) is the first and leading online video media group
in the PRC. It is also the only enterprise in the PRC to own a
complete set of licenses to operate video broadcasting on the
Internet. VODone Telemedia has contracted the technical and
promotional services to VODone Group, for 50 years. VODone is a
new media which includes the internet, communication and media as
well as the first new media which operates online advertisement
broadcasting and online live show. With the perfect communication
and media operational experience and the professional team with
technical support of interviewing, editing, producing and
broadcasting, VODone has become the online video-broadcasting
platform for varies video media. Four business plates have been
formed as “VODone Portal”, “VODone BUS”, “VODone Live”, and
“VODone Wat”.
Note 2: Xinhua News Agency occupies multi channels, functions, levels and
measures for news reporting and broadcasting. It provides the
Central Authority, provinces, cities and countries with varies
news and information 24-hour a day in Chinese, English, French,
Spanish, Russian, Arabian, and Portuguese. The total number of
words is over 4 millions. At present, Xinhua has built up a huge
news and information network overseas. News agencies and news
organizations in nearly 100 countries has signed the “News
Exchange and Cooperate Agreement” with Xinhua. Xinhua Media was
set up in 1993, providing varies news and theme programme to
television stations, audio and video production subscribers.
