Hollywood Movies goes for big slice of OTT market
GERMANY-BASED Hollywood Movies plans to invest Bt500 million to capture 20 per cent of the Bt5 billion over-the-top market in Thailand with 300,000 subscribers this year.
Phiroon Phihakendr, chief executive officer, said there is great potential for growth in the OTT industry here in services such as movie-on-demand.
The firm has more than 20 partners supplying more than 4,000 movies, over 2,000 |content-on-demand titles |and more than 50 live TV channels.
It has a total content view count of 20 million.
Millennium generation
The firm provides movies on demand to support the millennium generation and lifestyle of customers in the digital era.
It currently has around 150,000 active subscribers from the total number of around 500,000 in the over-the-top market.
“We try to utilise and provide new technology, new customer experiences and various contents from around the world to support the demand of customers,” he said.
Next quarter it will come out with an advanced technology device called DOT, which specialises in streaming and TV movie watching.
Customers can watch movies anytime, anywhere and on any device.
