DGAP-News Your Family Entertainment AG: ocilion and Your Family Entertainment AG enter into strategic partnership
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
- Strategic cooperation for innovative solutions in the areas of content and IPTV
- YFE additionally provides safe and valuable kids content for ocilion's IPTV solution through its linear channels "Fix&Foxi TV", "RiC TV", and "RiC.today"
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.