Apr 2, 2024 | Business
The Asia Video Summit, the marquee conference for the video industry, kicked off in Hong Kong this year from 13 – 14 March, as part of the HK Entertainment Expo.
The Summit opened with an overview on the state of video in Asia, and how scale had redefined the industry. Vivek Couto, Executive Director, Media Partners Asia, shared that the ecosystem had changed, and a new pecking order was in place, with the global digital giants dominating video action in APAC, with a total video and screen revenues of US$24.4B coming out of Asia in 2023.
Global demand for premium Asian content continued to grow substantially, with 1.4B active unique users worldwide consuming almost 14B hours of Asian content in 2023, equivalent to a global average of 9.9 hours per user. Asian content also drove significant viewership and acquisition in APAC, with Korean, Anime and Chinese content coming up tops. Couto also shared that Chinese short form drama may be the next big thing, with the domestic market having grown to half a billion in 2023.
For Karen Fu Binxing, CEO of Huace Group, one of China’s largest content producers, the increasing interest in Chinese content overseas filled her with optimism on the rise of Chinese content, with a view to focus more on international cooperations. Fu also added that AI was unstoppable and would bring changes to all aspects of production and broadcasting trends in the content industry.
Wang Yangbin, CEO, Vobile, similarly added that generative AI was a new frontier but believed that the core value of the ecosystem were the rights and the intellectual property, both of which needed to be protected effectively for the industry to grow. However, for Michael Kwan, Senior IP Enforcement Advisor, TVB, AI was very much seen as a double-edged sword, with both pirates and companies using AI to achieve their goals, and infringers using AI to automate piracy and bypass site blocking mechanisms.
AI as a topic came up organically throughout the summit. Kelvin Yau, President, APAC and Overseas Marketing, International Business Department, iQiyi, talked about the use of technology across the company to help the business. By listening to social trends, AI enabled social media posts to be done quickly, to help promote their shows and satisfy what people were curious about. “It was a sprint race before, now it’s a marathon. How do you win the marathon in keeping the pace, changes the whole game,” said Yau.
James Gibbons, President, Asia Pacific, Warner Bros. Discovery, stressed the importance of focusing on both growth and profitability for streaming in APAC. Gibbons also added that the reason the pay TV model worked so well was due to its dual revenue streams, and this needed to be recreated for streaming. The fact that advertising in a premium video environment lagged so far behind social and UGC video platforms was a huge issue for the industry, and hence it was incredibly important that people who had an investment in premium video came together to solve this issue.
Phil Hardman, SVP & General Manager, Asia, BBC Studios, highlighted the need for curation and aggregation of content, and felt the term pay TV was becoming redundant. Avi Himatsinghani, Founder & CEO, Rewind Networks, also said that it was all converging together, with linear services aggregated alongside streaming services. “We have to reinvent and work harder to make the narrative come alive,” added Himatsinghani.
For sports platform, beIN Media Group, now was a period of rationalisation. “It’s about carving out your niche and finding a sustainable model which can be profitable, and building scale through partnerships,” said Mike Kerr, MD, Asia. “The players that are left standing understand the value of sports and how to manage it from a consumer perspective.” However, with piracy taking US$30B out of the ecosystem it was not sustainable, and the industry needed to come together to combat it, added Kerr.
Closing off the Summit, Alexandre Muller, MD, APAC, TV5MONDE, said that the region needed to listen to local audiences and deliver what they want, and not listen to all the noise coming out of the US. “Asia is Asia, we need to follow our own path and find the right equilibrium among ourselves,” said Muller. “The world is just waking up to the great content that is coming out of Asia,” added Phil Hardman.
The Asia Video Summit 2024 is proudly sponsored by Lead Sponsor Create Hong Kong (CreateHK) of the Government of the Hong Kong Special Administrative Region; Gold Sponsors AsiaSat, Bango, InvestHK, Publica, TV5Monde, Vobile, Warner Bros. Discovery; Silver Sponsors France24, Paramount and Bronze Sponsor A+E Networks
Visit the event website and gallery for more information and photos from the Summit.
About the Asia Video Industry Association
The Asia Video Industry Association (AVIA) is the trade association for the video industry and ecosystem in Asia Pacific. It serves to make the video industry stronger and healthier through promoting the common interests of its members. AVIA is the interlocutor for the industry with governments across the region, leads the fight against video piracy through its Coalition Against Piracy (CAP) and provides insight into the video industry through reports and conferences aimed to support a vibrant video industry.
For media enquiries and additional background please contact:
Charmaine Kwan
Head of Marketing and Communications
Email: charmaine@avia.org
LinkedIn: www.linkedin.com/company/asiavideoia | Twitter: @AsiaVideoIA
Topic: Press release summary
Dec 16, 2023 | Business
The national defence industry leaders on the Global Combat Air Programme (GCAP) – Mitsubishi Heavy Industries (Japan), BAE Systems (UK) and Leonardo (Italy) – have warmly welcomed the signing of the Convention on the Establishment of the “Global Combat Air Programme – GCAP International Government Organisation (the GIGO)” by their respective governments.
Ministers from Japan, UK and Italy signed the treaty, which marks an important agreement in the shared design and delivery of a next generation fighter aircraft by 2035. The agreement, signed just 12 months since the formation of the GCAP programme, reinforces its momentum and the strong trilateral cooperation amongst the partners.
Discussions on the future joint business construct to deliver GCAP are continuing, with representatives from Mitsubishi Heavy Industries, BAE Systems and Leonardo meeting recently in Tokyo. In September this year, the industry partners announced a Collaboration Agreement to support ongoing discussions on long-term working arrangements and maturity of the concept and capability requirements for the next generation combat aircraft.
Hitoshi Shiraishi, Senior Fellow, GCAP, Mitsubishi Heavy Industries, said: “We would like to very much welcome the signing of the treaty by the governments of Japan, the UK and Italy. In addition, following the conclusion of this treaty, we would like to work even more closely with our partners in Italy and the UK to promote GCAP. We will also work to ensure that GCAP contributes to strengthening Japan’s defence capabilities.”
Herman Claesen, Managing Director, Future Combat Air Systems, BAE Systems Air, said: “We welcome the agreement signed by the governments of Italy, Japan and the UK today, and the continued progress with our industrial partners to advance the future joint business construct that will enable us to deliver the next generation combat aircraft. We’re proud to represent the UK on this exciting and forward-leaning partnership, which will deliver a crucial and affordable defence capability and help to maintain our sovereign combat air skills in the UK.”
Guglielmo Maviglia, Director GCAP programme, Leonardo, said: “We welcome the announcement made by our governments today and we are proud to be part of the GCAP programme along with our partners. GCAP, which will see the development of an innovative next generation core platform underpinned by advanced technology, is charting a transformational new approach to international industrial collaboration. Through its ambition, the programme will maintain the competitiveness of our industries at an international level.”
The Global Combat Air Programme is a hugely significant programme for the security, political and economic prosperity for Japan, UK and Italy and through effective knowledge and technology transfer will help to evolve and deliver important sovereign combat air capability in each nation for generations to come.
Today, there are around 9000 people working on GCAP worldwide and more than 1000 suppliers across the partner nations.
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.
Copyright ©2023 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Nov 24, 2023 | Business
WEBWIRE – Friday, November 24, 2023
Air Liquide has selected the three winners of its 2023 Scientific Challenge, out of 119 proposals from 29 countries. This 3rdedition of the Scientific Challenge aimed at identifying and accelerating the development of innovative solutions for the decarbonization of industrial ecosystems, in an open innovation approach. The laureates projects will receive funding from Air Liquide to develop their proposed solutions and to transform them into market-ready technologies.
Can LI, Davidson School of Chemical Engineering, Purdue University, USA, is the Laureateof the Data sharing for decarbonization topic.The sharing of databetween the different stakeholders of an industrial basin using the same utilities connected by physical networks iscrucial to meet shared sustainability targets. Can LIs proposal focuses on the development of algorithms facilitating data sharing, ensuring transparency as well as data privacy and security, to achieve industrial optimizations and reduce CO2 emissions.
Luis Miguel MADEIRA, Faculty of Engineering, University of Porto, Portugal,is the Laureateof the Energy storage using Essential Small Molecules topic. Renewable energies are intermittent by nature. To ensure their widespread adoption and contribute to the decarbonization of the energy sector, it is essential todevelop new ways of storing and reusing electricity, using Essential Small Molecules. Luis Miguel MADEIRAs project focuses on a new technology development based on an innovative cyclic system, to produce methane (CH4) as an energy carrier, from industrial captured CO2 and renewable hydrogen (H2).
Enrico TRONCONI, Department of Energy, Politecnico di Milano, Italy, is the Laureateof the Electric Heating for Hydrogen (H2) production topic. One way of decarbonizing hydrogen production would beto electrify the heat generation required for steam-methane reforming. Yet achieving the reaction temperature (800C) with electric power is a challenge. Enrico TRONCONIs proposal consists in a new technological solution enabling an efficient electrified Steam Methane Reforming process. Based on a new conductive device harnessing the resistive heating, this solution helps reduce the energy consumption and the CO2 emissions of the hydrogen production process.
The three laureates were selected by a Jury of 8 members, headed by Air Liquide Vice-President Research & DevelopmentJrme Christin. It included in particularProfessor Isabelle Ryl, Director of PRAIRIE at INRIA (PaRis Artificial Intelligence Research InstitutE), andProfessor Steven Chu, Nobel Prize Laureate in Physics, former US Secretary for Energy, Professor at Stanford University, USA.
The three winners of the Scientific Challenge will receive the Air Liquide Scientific Prize endowed with 50,000 euros. In addition,their scientific works will be supported by Air Liquide expertise and equipment, as part of a 3-year partnership, in order to develop their innovative proposals and to transform them into market-ready technologies.
Armelle Levieux,member of Air Liquides Executive Committee and Vice President of Innovation, stated:
The Air Liquide Scientific Challenge has generated strong interest from the worldwide scientific community. This illustrates the relevance of our open innovation approach. Previous editions led to fruitful collaborations with our academic partners, materializing in scientific publications, patents and even the creation of start-ups. This new edition will contribute to accelerating the development of pioneering technologies to promote progress and the transition to a low-carbon society, in line with Air Liquides ADVANCE strategic plan.
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Air Liquide
A world leader in gases, technologies and services for Industry and Health, Air Liquide is present in 73 countries with approximately 67,100 employees and serves more than 3.9 million customers and patients. Oxygen, nitrogen and hydrogen are essential small molecules for life, matter and energy. They embody Air Liquides scientific territory and have been at the core of the companys activities since its creation in 1902.
Aug 19, 2023 | Books, Business
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