DGAP-News: Your Family Entertainment AG
/ Key word(s): Agreement
Corporate News Your Family Entertainment AG (WKN A161N1; ISIN DE000A161N14)
ocilion and Your Family Entertainment AG enter into strategic partnership
Ried im Innkreis, Austria and Munich, Germany, April 28, 2021 - Austrian IPTV provider ocilion and German media company Your Family Entertainment AG (YFE) have entered into a strategic partnership. The two companies combine their long-standing expertise in the fields of technology and content to create synergies for innovative solutions in the kids space. In the initial phase of the cooperation, ocilion will provide its network operators with YFE's high-quality, non-violent children and family programs via their IPTV platform. ocilion thus expands its channel portfolio with award-winning children's channel "Fix&Foxi TV", family channel "RiC TV" as well as English-language HD family channel "RiC.today", including time-shifted viewing. This allows young viewers to enjoy popular titles such as "Enid Blyton," "Fix & Foxi", and "Cosmo & Wanda". Network operators and public utilities will be able to purchase the channels and offer them to their customers within the next few weeks.
Moreover, the two partners are evaluating opportunities for a cooperation to complement each other synergistically. ocilion provides its core expertise in IPTV, user guidance on different screens, moving image transmission, and multi-client distribution technologies. YFE contributes its expertise in content/program development and production, license trading with its content portfolio, and broadcasting.
Bernd Wendeln, COO at Your Family Entertainment AG: "It is our mission to provide children and families with engaging, educational, and non-violent entertainment that conveys positive social values. Thanks to this cooperation, we are significantly expanding our reach in the fast-growing IPTV market, reaching even more young viewers. I am looking forward to a successful cooperation with ocilion and the digital innovations for the kids space which we will develop together."
Thomas Bichlmeir, Head of Content at ocilion: "It is more important than ever to offer the youngest viewers safe and high-quality content. With YFE we were able to gain an experienced content partner to cover these programs. In addition, we are creating synergies for innovative solutions that we want to develop together - in the interests of our customers and consumers in general."
Contact at Your Family Entertainment AG
|Company:||Your Family Entertainment AG|
|Phone:||+49 (0)89 997 271-0|
|Fax:||+49 (0)89 997 271-91|
|Listed:||Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart|
|EQS News ID:||1188602|
|End of News||DGAP News Service|