Visit our new website: worldnews.easybranches.com

Smart Axiata buys 30% stake in Cambodian media champions Sabay

  • Mon, 09 Oct 2017 21:16

Smart Axiata believes the deal with Sabay Digital Corporation will help it realise its aim of becoming Cambodia’s ‘digital champion’ by 2020

Mike Gaertner (2-L), Sabay’s COO, Chy Sila (3-L), Sabay’s CEO, and Thomas Hundt (3-R), Smart Axiata’s CEO, pose for a photograph at Smart’s flagship store in Phnom Penh, after signing an agreement for Smart Axiata to purchase a 30% stake in Sabay Digital Corporation, 9 October 2017.

Cambodian telecommunications provider Smart Axiata has purchased a 30% stake in Sabay Digital Corporation, the country’s leading media and entertainment group, in a deal it hopes will bring it one step closer to becoming Cambodia’s one-stop shop for all things digital.

The move comes just one month after Smart signed a deal with the Malaysian-based streaming service iFlix, and follows similar deals with Universal Music, Apple and Facebook.

“Our vision is to become the digital champion in Cambodia by 2020, and that obviously means we need to complement our connectivity side with content and other value added services,” said Thomas Hundt, CEO of Smart Axiata.

“We believe Sabay is the perfect partner in this case, as it is the leading digital media house in Cambodia. I could not imagine a better fit than Smart and Sabay.”

Sabay provides the content, while Smart provides the distribution network.

According to Mike Gaertner, Sabay’s chief operations officer, the deal is a “dream come true”.

“We have a lot of content. The constraint you face when you have a lot of content, especially with music and video, is: how do you deliver it?” he said.

“Having a telco as a partner is a dream come true. It provides the platform to deliver your content. You can figure out a deal whereby consumers can access local content more easily.”

While Hundt did not reveal the amount of investment Smart would funnel into Sabay, he said that the media company would use the “sizeable amount” to focus on producing more original, locally-focused content, a point that Chy Sila, Sabay’s CEO, was also keen to make.

“The partnership with Smart is not just financial,” said Sila.

“Sabay also sees itself as a local VOD platform. We will focus on local content, exclusive content. We will make our own movies, while at the same time encouraging young filmmakers to make short films and release through our apps.”

Southeast Asia Globe Magazine

Tags


Save big on top tech magazines.

Related Stories

Bennelong by-election reaches fever pitch, Turnbull's majority at stake
  • Fri, 15 Dec 2017 20:48

Australia's political class is holding its breath today over the result of the crucial by-election, that could not only determine the future of the Go...

Notable Quotes, Friday Edition
  • Fri, 15 Dec 2017 19:22

A selection of quotes from Friday’s news roundup. by The Cambodia Daily | December 15, 2017 “Kem Sokha made his oral submission during the ques...

Stormtroopers and Thai TV stars attend the Last Jedi premiere in Bangkok
  • Fri, 15 Dec 2017 17:36

The 501st Legion is made up of Star Wars fans dressing up in authentic stormtrooper costumes to raise money for charities around the world Members of...

A Return Trip to Le Broken Plate in Phnom Penh
  • Fri, 15 Dec 2017 17:05

Posted on December 13, 2017 by Miguelito I had some friends visiting from out of town for a week, and they wanted to have a fun and different e...

WeChat has become Macau’s most-used new media
  • Fri, 15 Dec 2017 14:31

… , the Communication Association of Macau, and the Macau Creative Intelligence Development and … revealed that WeChat has become Macau r...

Do American Embassy Staffers Patronize Cambodian Brothels For “Research” Purposes?
  • Fri, 15 Dec 2017 14:30

Posted on December 15, 2017 by Miguelito Despite however much I would like to consider myself a Cambodian insider, having lived here for two ye...

Visitor patterns and emerging activities in Finish national parks revealed by social media posts
  • Fri, 15 Dec 2017 14:24

Social media data provide a reliable information to support decision-making in national parks. Top Society News -- ScienceDaily

New Cambodian lawmakers to swear into parliament next week
  • Sat, 25 Nov 2017 21:26

New Cambodian lawmakers, who received seats from the dissolved opposition party, would be sworn into the National Assembly on Nov. 27, a National Asse...

Lawyers petition drug war as unconstitutional at Philippine Supreme Court
  • Sat, 25 Nov 2017 19:00

Lawyers argued in Tuesday’s Supreme Court hearing that the word ‘neutralise’ could be misinterpreted by police officers to mean ‘kill’ Peop...

Smart circuit-breakers for energy-efficient homes
  • Sat, 25 Nov 2017 14:51

Let there be lightIN THE future, homes will use electricity much more sensibly than they do now: turning the lights off automatically when no one is a...

What Can we Expect from the Southeast Asian Games in 2023?
  • Sat, 25 Nov 2017 09:28

Posted on November 25, 2017 by wpadmin We’ve written satire pieces about what could be included in the Khmer440 games in the past but now som...

Debate stifled in Cambodia as crackdown spreads fear
  • Sat, 25 Nov 2017 07:13

"We speak our mind", says the website of a group of young Cambodians who have met at weekends for the past six years to discuss politics over mugs of ...


News Categories