BEIJING, Jan. 27, 2016 /PRNewswire/ -- Ku6 Media Co.,
Ltd. ("Ku6 Media" or the "Company," NASDAQ: KUTV), a leading
internet video company focused on User Generated Content ("UGC") in
China via its website www.ku6.com,
today announced that the Company has entered into a strategic
cooperation agreement (the "Agreement") with 720Yun.com to enhance the Company's virtual
reality ("VR") strategy previous announced. The company recently
launched a cooperative VR community at the following website:
http://www.ku6.com/c2015/720yun/.
Ku6 Media and 720Yun.com's
cooperative VR community currently features eight categories,
including aerial photography, SLR (single lens reflex) photography,
virtual effects, quick mode (RICOH THETA), cities, campuses,
fun and business projects. The Company expects to add additional
categories to the VR community in the future.
Pursuant to the Agreement, 720Yun.com will provide three-dimensional
panorama technology and contents to Ku6 Media in the form of
video and picture, and serve as technical support for the Company's
new VR products. The two companies will work together in exploring
and developing potential business models relating to
three-dimensional panorama contents.
Benefits to Users
Utilizing existing VR products, Ku6 Media is now providing a
welcoming portal for visitors to expand, upload, and deliver their
personal three-dimensional contents to daily visitors. The Company
has already seen visitors expanding rapidly and has received strong
feedbacks from its regular active users since launching of its VR
community website. In addition, the merging of its technology with
720Yun.com will be attractive to
professionals, as three-dimensional panorama has been used in a
variety of industries to graphically present product features and
descriptions.
Mr. Feng Gao, Chief Executive
Officer of Ku6 Media, commented, "As a preeminent UGC provider in
China, we need to continue to
provide technologically superior products available to our users.
We are very pleased to form strategic partnership with 720Yun.com, one of China's leading three-dimensional panorama
technology companies, to create a truly unique virtual reality
community. Three-Dimensional Panorama is one of the most
important technological aspects in developing our virtual reality
strategy, and this strategic cooperation with 720Yun.com is a solid step forward for Ku6 Media.
We feel strongly that the development of this emerging technology
will continue to drive visitors to our website and increase the
proliferation of user-generated content and ultimately, generate
higher revenues for the Company."
About 720Yun.com
720Yun.com is a leading
three-dimensional panorama technology company and three-dimensional
panorama technology content and services provider in China. For more information regarding
720Yun.com, please
visit http://www.720Yun.com/.
About Ku6 Media Co., Ltd.
Ku6 Media Co., Ltd. (NASDAQ: KUTV) is a leading internet video
company in China focused on User
Generated Content ("UGC"). Through its premier online brand and
online video website, www.ku6.com, Ku6 Media provides online
video uploading and sharing services, video reports, information
and entertainment in China. For
more information about Ku6 Media, please
visit http://ir.ku6.com.
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.
Forward-looking statements are not historical facts, but instead
represent only the Company's beliefs regarding future events, many
of which, by their nature, are inherently uncertain and outside of
its control. It is possible that the Company's actual results and
financial condition may differ, possibly materially, from the
anticipated results and financial condition indicated in these
forward-looking statements. Some of the risks and important factors
that could affect the Company's future results and financial
condition include: continued competitive pressures in China's internet video 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 the future;
regulatory changes in China with
respect to the operations of internet video portal websites; the
ability of the Company to consistently derive revenues from its
renewed agreement with Huzhong; the success of Ku6 Media's ability
to sell 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 annual report on Form
20-F. Ku6 Media does not undertake any obligation to update this
forward-looking information, except as required under law.
Contact:
For further information, please contact:
At the Company:
Ms. Wendy Xuan
Investor Relations Manager
Telephone: +86 10 5758 6819
ir@ku6.com
Investor Relations:
The Equity Group Inc.
Ms. Katherine Yao
Senior Associate
Telephone: +86 10 6587 6435
kyao@equityny.com
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SOURCE Ku6 Media Co., Ltd.