NEW YORK, Feb. 22, 2012 /PRNewswire/ -- YOU On Demand Holdings, Inc.'s (OTCBB: CBBD / CBBDD) PRC joint venture, a leading Pay-Per-View (PPV) and Video On Demand (VOD) content service provider, today announced that it has signed an agreement with Disney Media Distribution, a distribution arm under The Walt Disney Company (NYSE: DIS), to distribute officially approved Disney films for both Transactional Video On Demand (TVOD) and Subscription Video On Demand (SVOD) throughout the People's Republic of China.
As a result of this deal, YOU On Demand will now be adding Disney's extensive library of titles, ranging from current hits like "The Help" and "Cars 2" to Disney classics such as "The Lion King," "Mary Poppins" and "Beauty and the Beast" to the wide variety of Hollywood hits in YOU On Demand's offerings.
"We are very proud to work with The Walt Disney Company in bringing the best in home entertainment to China," said Shane McMahon, Chairman and CEO of YOU On Demand. "Disney films define quality family entertainment and we're thrilled that YOU On Demand will be their showcase to the world's largest television audience."
About YOU On Demand Holdings, Inc.
YOU On Demand is the leading national Pay-Per-View and Video On Demand content service provider in China. The Company offers high quality premium content to customers across China through its Near Video On Demand (NVOD), Video On Demand (VOD) and Subscription Video On Demand (SVOD) services. The Company consists of a portfolio of businesses that include alliances with leading media operators, comprehensive end-to-end content delivery, an exclusive billing solution, governmental partnerships and approvals, and value added services.
YOU On Demand has secured strategic partnerships with the largest media entities in China, and has a highly experienced management team with a strong background in Cable, Television, Media and Telecom. The company is headquartered in New York, NY, with its China headquarters in Beijing. For more information, visit http://www.yod.com.
About Disney Media Distribution
Disney Media Distribution is the distribution arm of The Walt Disney Company responsible for the licensing of branded and non-branded entertainment to all platforms in Asia Pacific including free-to-air, cable and satellite broadcasters and mobile, broadband and VOD platforms. Its program portfolio includes quality feature films, critically-acclaimed network television series, ABC news programming, the very best in animation and prestigious specials such as the Academy Awards. Disney Media Distribution also oversees channel distribution of the much-loved Disney Channel and Playhouse Disney which are distributed on all major pay TV platforms in the region.
Safe Harbor Statement
This press release contains certain statements that may include "forward looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
SOURCE: YOU On Demand Holdings, Inc.