China’s Tencent Video to Buy Southeast Asian Streamer Iflix
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variety.comPatrick Frater Asia Bureau ChiefChinese social media and entertainment giant Tencent is to buy control of Iflix, a Southeast Asian streaming firm with operations in 13 countries.The move represents further consolidation of the regional streaming business in Asia, and is by far the biggest international outreach manoeuvre to date by any of China’s massive video streaming firms.Industry sources tell Variety that content partners have been informed, and that the Iflix brand name will continue to operate for a period of at least 6-12 months.
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