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Catcha Group to Launch Revolutionary New Internet TV Platform in Southeast Asia
Subscription video on demand service targeting more than 530 million people was co-founded in partnership with Evolution Media Capital
KUALA LUMPUR, March 9, 2015 – Southeast Asia’s immense population and rapidly growing
smartphone user base is soon-to-be revolutionized by a new subscription Video On Demand
platform – iflix. Launching throughout 2015 in key Southeast Asian markets, including Malaysia,
Thailand, Philippines, Indonesia, and Vietnam, iflix will fight entertainment piracy and provide an
entirely new and legitimate way for the region’s hundreds of millions of Internet users to enjoy their
favorite films and television shows. The platform was founded by Patrick Grove, CEO of Malaysia-
based Catcha Group, who is one of the world’s leading tech entrepreneurs, with an established
track record executing highly successful disruptive digital businesses in emerging markets.
Evolution Media Capital (EMC), a merchant bank focused on the media, sports, and entertainment
industries, is also a co-founder of iflix, and its Managing Partner, Rick Hess, will join the iflix board
of directors.
Said Grove, “More than ninety-percent of ASEAN households currently consume pirated content.
This has been an enormous problem for American content producers, who create the high-quality
entertainment that Southeast Asian consumer’s desire, but rarely receive the financial benefit. We
finally have the game-changing solution to not only combat piracy, but also allow consumers
access to incredible content on every connected device, whenever and wherever they want it, for
less than the price of a pirated DVD.”
The service will provide access to more than 10,000 hours of top-tier U.S., Asian regional, and
local market content. Each subscription will allow a user to access the content on five devices, as
well as download content to their mobile, tablet, computer, or television set (via a media player.)
By adopting a mobile-oriented business model, iflix is directly targeting a booming market
opportunity. The number of Southeast Asian smartphone users and households with fixed line
broadband is expected to grow in excess of 240 million and 55 million, respectively by 2018.
Between 14%-38% of these smartphone users are already watching long-form videos on their
devices1, a fact that will contribute to iflix’s success.
### 1“Frequency of Video Watching on Smartphone | Activities on Smartphone (Ever Used)”, by Our Mobile Planet http://think.withgoogle.com/mobileplanet/en/graph/?country=id&country=my&country=sg&country=th&category1=KEYACT&subcategory1=VIDEO&topic1=Q35_1&stat1=Q35_1_1&category2=KEYACT&subcategory2=GSA&topic2=Q23_1&stat2=Q23_1_13&stat2=Q23_1_14&wave=2013&age=all&gender=all&chart_type=bar&active=stat2
About iflix. (Iflix.com)
iflix is a partnership between highly successful, disruptive local entrepreneurs and Hollywood
heavyweights. Catcha Group and Evolution Media Capital have joined together to create an
internet TV service for Southeast Asia that provides access to thousands of hours of top TV shows
and movies from all over the world. From Hollywood and Hong Kong, Seoul and Shanghai,
Thailand and Tokyo, iflix gives you the entertainment content you want, whenever and wherever
you want it. For one low monthly fee, subscribers to iflix can watch an unlimited amount of
television shows and movies on their phone, laptop, tablet, TV… anywhere, anytime.
Let’s play.
About Catcha Group (catchagroup.com)
Catcha Group is a leading international investment firm focused on disruptive digital business
models in emerging markets. The Company’s holdings include four publicly listed entities and over
50 additional private investments in the digital space, with a portfolio of online assets worth well in
excess of US$1BN.
Catcha Group has successfully completed four separate IPOs to date: iProperty Group (ASX:IPP),
owner and operator of Asia's number one network of property websites; Rev Asia Berhad
(ACE:0173), Malaysia’s leading online media company; iCar Asia (ASX:ICQ), owner and operator of
ASEAN’s largest network of online automotive classified and content sites; and Ensogo Ltd
(ASX:E88), Southeast Asia’s No. 1 e-commerce brand.
The firm was established in 2004 and is located in Kuala Lumpur, Malaysia.
About Evolution Media Capital (EMC)
Evolution Media Capital, LLC (EMC) is a merchant bank focused on the media, sports and
entertainment industries. EMC provides investment banking services including M&A advisory,
public and private equity and debt capital raising, and strategic consulting to maximize value for its
global clients. EMC’s principal investing arm, Evolution Media Growth Partners (EMGP), was
formed in partnership with TPG Growth to invest in growth stage media sports and entertainment
companies. In the media rights space, EMC provides a wide array of advisory services including
strategic analysis, valuation and negotiation of media rights, and regional sports network planning
and operational strategy. Based in New York and Los Angeles, EMC is an affiliate of leading
entertainment and sports agency Creative Artists Agency (CAA).
For media enquiries, please contact:
Peggy Lee Director of Corporate Communications Catcha Group Peggy.Lee@catchagroup.com +60 122 178 345
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