UK video-on-demand (VoD) company Yes Television and Philippines cable TV operation Sky Vision Corporation have pledged $100m over the next ten years to fund a newly-launched joint venture, Yes Sky Interactive Corporation.
The venture will offer VoD and interactive TV over the SkyCable network in the Philippines. The partners are conducting trials in Manila during the fourth quarter this year, followed by a commercial service next year.
The move comes after Yes secured a subscription TV licence in Hong Kong two weeks ago. "The award of a licence in Hong Kong and the formation of Yes Sky Interactive Television are evidence that the TV revolution we have started in Europe will quickly spread through Asia," said Yes chairman and CEO Thomas Kressner.