Tuesday, October 02, 2007 Traders group launches neTVision
SEEING the potential of web television, a group of businessmen has formally launched neTVision to deliver digital content online for the more than eight million overseas Filipino workers (OFWs).
Jim Morris Sarmiento, sales and marketing director of neTVision, said the main objective of their company is to be the premier web TV broadcaster in the Philippines with OFWs and foreigners as their main target.
“neTVision pioneers this web service specifically for the millions of hardworking OFWs who wish to stay abreast of local events and news, as it delivers high quality digital content online that is tantamount to the same lucid pictures here at home,” Sarmiento said.
At present, Sarmiento said they have already converted and made available online about 3,000 local films, including movies independently produced.
The cost of each download or movies (mostly Filipino films) ranges from US$2 to US$14. Subscribers could pay the movies they wanted to view via “pay-per-view” using their credit cards.
Among the owners of neTVision include Arnel Corneloop as chairman; William Cheng, owner of Solar TV; and Octavio Espiritu, president of BPI Bank.
Aside from the local movies, Sarmiento said they also partnered with local television channels in the country like RPN9, ABC5, MTV Philippines, Solar TV,
nTV channels and Living Asia for live streaming.
“Talks with GMA7 and QTV Channel 11 are also on going for the live streaming of their shows,” Sarmiento said.
He said they have about 10,000 subscribers mostly from the US, the Middle East, Australia, Europe, Canada and South America. He said they are expecting to triple their subscribers to 40,000 by the end of the year and to 100,000 by middle of 2008.
“As more TV companies focus on a very general audience, neTVision is positioning itself as the primary source of quality Filipino videos on the Internet. The company aims to bring superior local entertainment to Filipinos worldwide,” he added. (MSN/Sunnex)
