Singapore Media Festival Returns in 2015 After Successful Inaugural Year

SINGAPORE, April 2, 2015 /PRNewswire/ — The second edition of the Singapore Media Festival (SMF) returns this November, said Singapore’s Media Development Authority (MDA) today. This year, the annual SMF will run from 26 November to 6 December, bringing together a seamless market for film, TV, conferences, awards and festival screenings.

Global industry players looking to expand their media business in Asia can expect a more vibrant marketplace and a bigger celebration of the best content and media talent in the region. The festival will see the return of established media events including the Singapore International Film Festival (SGIFF); Asia TV Forum & Market (ATF) and ScreenSingapore (SS); and the Asian Television Awards.

In 2014, the inaugural SMF concluded to resounding response, bearing testament to Asia’s growing importance in the global entertainment landscape. The Festival was fruitful in many ways for event partners and the public. SGIFF made a strong comeback to the regional film circuit, unveiling 147 movies from 50 countries supported by strong ticket sales. SGIFF’s competition section, the Silver Screen Awards, gave a total of nine prizes for emerging filmmakers in Asian Feature Films and Southeast Asian Short Films.

Deals between Singapore players with regional, international media players were announced at SMF, including the launch of a S$130 million (US$100 million) media fund for investments in China’s media and entertainment industry. A record number of attendees and exhibitors and approximately S$355.1 million (US$256.28 million) in sales deals were also registered at the ATF/SS.

The SMF also saw new deals formed between established international media players. A strategic cooperation between China’s online video platform, Tencent, with FOX International Channels saw both partners embark on an endeavour to make over 300 hours of programming and documentaries from National Geographic available to the mainland China market.

Asian Television Awards, which awards the best of regional television, received over 1,300 entries and was broadcasted to approximately 50 million households across Asia.

Robert Gilby, Chairman of the Singapore Media Festival advisory board, Managing Director  of the Walt Disney Company (SEA), said, “The Singapore Media Festival serves as a platform for creative, content and commerce leaders from Singapore, Asia and other regions around the globe to come together to form fruitful partnerships, that place Singapore as Asia’s leading hub for content creation. The board is greatly heartened by the meaningful partnerships forged and vibrant exchange of ideas at SMF 2014. We look forward to expanding the relationships and industry discussions in an even more successful edition in 2015.”

Angeline Poh, Assistant Chief Executive (Industry), Media Development Authority, added, “The Singapore Media Festival aims to be one of Asia’s flagship media events that facilitates exchanges within the industry and shines the spotlight on Singapore and Asian content.” She added, “We will continue to promote collaboration around new avenues of content creation and delivery as well as audience engagement.”

For more information, please contact:

Joannah Zhong
Executive, Industry Communications
Media Development Authority 
Tel: +65-9728-9956
Email: joannah_zhong@mda.gov.sg

About Media Development Authority of Singapore (MDA)

The Media Development Authority of Singapore (www.mda.gov.sg) promotes the growth of globally competitive film, television, radio, publishing, games, animation and interactive digital media industries. It also regulates the media sector to safeguard the interests of consumers, and promotes a connected society. MDA is a statutory board under the Ministry of Communications and Information (www.mci.gov.sg).

About SMF

The Singapore Media Festival, hosted by Media Development Authority is set to become one of Asia’s leading international media events, where the industry meets to discover the latest trends, talent and content in Asia for Film and TV. It brings together established media events — Asia TV Forum & Market (ATF) and ScreenSingapore (SS), Asian Television Awards and Singapore International Film Festival (SGIFF), which will take place from 26 November to 6 December 2015.

About Singapore International Film Festival Ltd. (SGIFF)

Singapore International Film Festival Ltd. is a non-profit organisation that holds the Institution of a Public Character (IPC) status. It is the home of the Singapore International Film Festival (SGIFF), the largest and longest-running film event in Singapore founded in 1987. The SGIFF has become an iconic event in the Singapore arts calendar that is widely attended by international film critics, and recognised worldwide for its focus on Asian filmmakers and promotion of Southeast Asian films. The festival also serves as a catalyst to arouse the widest public interest in the arts and encourage artistic dialogue and cultural exchange. For more information, please visit www.sgiff.com

About Reed Exhibitions – Asia TV Forum & Market (ATF) and ScreenSingapore (SS)

Reed Exhibitions is the world’s leading events organiser, with over 500 events in 43 countries. In 2014 Reed brought together over seven million event participants from around the world generating billions of dollars in business. Today Reed events are held throughout the Americas, Europe, the Middle East, Asia Pacific and Africa and organised by 41 fully staffed offices. Reed Exhibitions serves 43 industry sectors with trade and consumer events. It is part of the RELX Group plc, a world-leading provider of information solutions for professional customers across industries. (www.reedexpo.com.sg)   

About Contineo Media – Asian Television Awards

Contineo Media ranks as one of Asia’s leading business-business information providers. Headquartered in Singapore, Contineo Media also operates in China with office in Beijing. As a multi-platform information provider, Contineo Media connects buyers and sellers through its print products, websites, electronic newsletters, e-books, video channels, conferences and industry awards. Contineo Media’s expertise is focused on two sectors — Broadcast content and production, and Manufacturing. Brands in its stable include Television Asia Plus, Asia Image, Asia Audio, Music Asia, Payload Asia, Control Engineering Asia, Logistics Insight Asia, PharmaAsia, and Asia Food Journal. Brand extensions in China include Asia Image Mandarin Edition, Control Engineering Asia-China, Pharma Asia-China, Asia Food Journal-China and Electronic Manufacturing Asia-China.Leading industry awards organised by Contineo Media include the Asian Television Awards, Apollo Awards, Payload Asia Awards, and Asian Manufacturing Awards.

Youku Tudou Announces Fourth Quarter and Fiscal Year 2014 Unaudited Financial Results

Total Daily Video Views Surpassed 900 Million; Consumer Revenues Grew 649% Year-on-Year

BEIJING, March 20, 2015 /PRNewswire/ — Youku Tudou Inc. (NYSE: YOKU), China’s leading Internet television company (“Youku Tudou” or the “Company”), today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2014.

Fourth Quarter 2014 Highlights[1]

  • Net revenues were RMB1.26 billion (US$203.8 million), a 40% increase from the corresponding period in 2013.
  • Gross profit was RMB240.0 million (US$38.7 million), as compared to RMB254.3 million (US$41.0 million) from the corresponding period in 2013. Non-GAAP[2] gross profit was RMB253.3 million (US$40.8 million) in the fourth quarter of 2014, as compared to RMB268.3 million (US$43.2 million) from the corresponding period in 2013.
  • Net loss was RMB318.1 million (US$51.3 million), as compared to RMB24.6 million (US$4.0 million) from the corresponding period in 2013. Non-GAAP net loss was RMB228.8 million (US$36.9 million) in the fourth quarter of 2014, as compared to non-GAAP net profit of RMB44.2 million (US$7.1 million) from the corresponding period in 2013.
  • Basic and diluted loss per ADS, each representing 18 Class A ordinary shares of the Company, for the fourth quarter of 2014 amounted to RMB1.64 (US$0.26) and RMB1.64 (US$0.26), respectively. Non-GAAP basic and diluted loss per ADS for the fourth quarter of 2014 amounted to RMB1.18 (US$0.19) and RMB1.18 (US$0.19), respectively.
  • Cash, cash equivalents, restricted cash and short-term investments totaled RMB8.5 billion (US$1.4 billion) as of December 31, 2014.
  • Acquisition of property and equipment for the fourth quarter of 2014 was RMB52.2 million (US$8.4 million).
  • Acquisition of intangible assets for the fourth quarter of 2014 was RMB478.3 million (US$77.1 million).

Fiscal Year 2014 Highlights

  • Net revenues were RMB4.0 billion (US$649.5 million), a 33% increase from 2013.
  • Gross profit was RMB781.0 million (US$125.9 million), a 44% increase from 2013. Non-GAAP gross profit was RMB838.0 million (US$135.1 million), a 39% increase from 2013.
  • Net loss was RMB888.6 million (US$143.2 million), as compared to RMB580.7 million (US$93.6 million) in 2013. Non-GAAP net loss was RMB555.7 million (US$89.6 million), as compared to RMB342.1 million (US$55.1 million) in 2013.
  • Basic and diluted loss per ADS, each representing 18 Class A ordinary shares, for 2014 amounted to RMB4.71 (US$0.76) and RMB4.71 (US$0.76), respectively, as compared to RMB3.50 (US$0.56) and RMB3.50 (US$0.56), respectively, for 2013.
  • Acquisition of property and equipment in 2014 was RMB206.6 million (US$33.3 million), as compared to RMB144.1 million (US$23.2 million) in 2013.
  • Acquisition of intangible assets in 2014 was RMB1.2 billion (US$199.0 million), as compared to RMB740.6 million (US$119.4 million) in 2013.

“With our large and growing multi-screen video user base underpinning our innovation efforts and growth strategy, we began to diversify and improve the monetization of our leading brand, traffic and content offerings in addition to advertising. As a result, consumer revenues achieved outstanding 473% year-on-year growth in 2014,” said Victor Koo, Chairman and Chief Executive Officer of Youku Tudou. “We have put in place a multi-business unit and content center structure, supported by new hires that add complementary skill-sets to our talent pool, creating an agile and innovation-driven organization. For 2015, we expect to see further growth of our platform as we continue to invest to strengthen our leadership in China’s online video industry.”

Dele Liu, President of Youku Tudou, added, “We continued to make solid progress in original content and PGC. As our in-house production business scaled, content marketing solutions also gained strong momentum and achieved 178% year-on-year revenue growth in 2014. Our long-term goal is to build a content eco-system in which over half of the revenue and video traffic is derived from our web-native content, i.e. original content, PGC, and UGC.”

Fourth Quarter 2014 Results

Net revenues were RMB1.26 billion (US$203.8 million) in the fourth quarter of 2014, a 40% increase from the corresponding period in 2013, exceeded the high end of the net revenues guidance previously announced by the Company.

Advertising net revenues were RMB1.10 billion (US$177.1 million) in the fourth quarter of 2014, a 37% increase from the corresponding period in 2013, exceeded the high end of the advertising net revenues guidance previously announced by the Company. The growth was primarily attributable to the increased use by brand advertisers of our advertising services as evidenced by an increase in the number of advertisers and the rising average spend per advertiser.

Consumer revenues, which are mainly derived from our subscription-based and pay-per-view services, were RMB69.7 million (US$11.2 million) in the fourth quarter of 2014, a 649% increase from the corresponding period in 2013. The growth was primarily attributable to the expansion of our subscriber base and pay-per-view orders.

Bandwidth costs as a component of cost of revenues were RMB272.2 million (US$43.9 million)in the fourth quarter of 2014, representing 22% of net revenues, as compared to 20% of net revenues for the corresponding period in 2013. This increase was primarily attributable to the increase in traffic and higher resolution quality of our video content.

Content costs as a component of cost of revenues were RMB602.9 million (US$97.2 million) in the fourth quarter of 2014, representing 48% of net revenues as compared to 39% of net revenues for the corresponding period in 2013. Non-GAAP content costs were RMB589.6 million (US$95.0 million) in the fourth quarter of 2014, representing 47% of net revenues, as compared to 38% of net revenues for the corresponding period in 2013. This increase was primarily due to expansion of our video content portfolio to support our new business growth initiatives.

Gross profit was RMB240.0 million (US$38.7 million)in the fourth quarter of 2014, as compared to RMB254.3 million (US$41.0 million) from the corresponding period in 2013. Non-GAAP gross profit was RMB253.3 million (US$40.8 million) in the fourth quarter of 2014, as compared to RMB268.3 million (US$43.2 million) from the corresponding period in 2013.

Operating expenses were RMB547.9 million (US$88.3 million) in the fourth quarter of 2014, as compared to RMB333.4 million (US$53.7 million) for the corresponding period in 2013. Non-GAAP operating expenses were RMB471.8 million (US$76.0 million) in the fourth quarter of 2014, as compared to RMB278.5 million (US$44.9 million) for the corresponding period in 2013. Detailed discussion of each component of operating expenses is as follows:

Sales and marketing expenses were RMB344.5 million (US$55.5 million) in the fourth quarter of 2014, as compared to RMB216.4 million (US$34.9 million) for the corresponding period in 2013. Non-GAAP sales and marketing expenses were RMB310.8 million (US$50.1 million) in the fourth quarter of 2014, as compared to RMB195.8 million (US$31.6 million) for the corresponding period in 2013. This increase was primarily due to increases in marketing expenses and commission expenses paid to our sales force in line with our revenue growth.

Product development expenses were RMB123.9 million (US$20.0 million) in the fourth quarter of 2014, as compared to RMB76.5 million (US$12.3 million) for the corresponding period in 2013. Non-GAAP product development expenses were RMB104.7 million (US$16.9 million) in the fourth quarter of 2014, as compared to RMB61.3 million (US$9.9 million) for the corresponding period in 2013. This increase was primarily due to an increase in personnel related expenses for our product development in mobile, search, social, paid and live broadcasting services.

General and administrative expenses were RMB79.5 million (US$12.8 million) in the fourth quarter of 2014, as compared to RMB40.4 million (US$6.5 million) from the corresponding period in 2013. Non-GAAP general and administrative expenses were RMB56.3 million (US$9.1 million) in the fourth quarter of 2014, as compared to RMB21.4 million (US$3.4 million) from the corresponding period in 2013. This increase was primarily due to the recognition of tax benefit in the fourth quarter of 2013.

Net loss was RMB318.1 million (US$51.3 million)in the fourth quarter of 2014, as compared to RMB24.6 million (US$4.0 million) for the corresponding period in 2013. Non-GAAP net loss was RMB228.8 million (US$36.9 million) in the fourth quarter of 2014, as compared to non-GAAP net profit RMB44.2 million (US$7.1 million) from the corresponding period in 2013.

Non-GAAP adjusted EBITDA loss was RMB177.7 million (US$28.6 million) in the fourth quarter of 2014, as compared to non-GAAP adjusted EBITDA profit of RMB36.8 million (US$5.9 million) from the corresponding period in 2013.

Fiscal Year 2014 Results

Net revenues were RMB4.0 billion (US$649.5 million) in 2014, a 33% increase from 2013.

Advertising net revenues were RMB3.6 billion (US$583.8 million) in 2014, a 34% increase from 2013.

Consumer revenues were RMB151.6 million (US$24.4 million) in 2014, a 473% increase from 2013.

Bandwidth costs as a component of cost of revenues were RMB917.3 million (US$147.8 million) in 2014, representing 23% of net revenues, as compared to 23% of net revenues in 2013.

Content costs as a component of cost of revenues were RMB1.8 billion (US$298.0 million) in 2014, representing 46% of net revenues, as compared to 47% of net revenues in 2013. Non-GAAP content costs were RMB1.8 billion (US$288.8 million) in 2014, representing 44% of net revenues, as compared to 45% of net revenues in 2013.

Gross profit was RMB781.0 million (US$125.9 million) in 2014. Non-GAAP gross profit was RMB838.0 million (US$135.1 million) in 2014, a 39% increase from 2013.

Operating expenses were RMB1.7 billion (US$274.1 million) in 2014, as compared to RMB1.2 billion (US$193.4 million) in 2013. Non-GAAP operating expenses were RMB1.4 billion (US$229.6 million) in 2014, as compared to RMB1.0 billion (US$161.2 million) in 2013. Detailed discussion of each component of operating expenses is as follows:

Sales and marketing expenses were RMB1.0 billion (US$166.2 million) in 2014, as compared to RMB681.0 million (US$109.8 million) in 2013. Non-GAAP sales and marketing expenses were RMB923.3 million (US$148.8 million) in 2014, as compared to RMB619.0 million (US$99.8 million) in 2013.

Product development expenses were RMB416.1 million (US$67.1 million) in 2014, as compared to RMB278.0 million (US$44.8 million) in 2013. Non-GAAP product development expenses were RMB339.4 million (US$54.7 million) in 2014, as compared to RMB232.0 (US$37.4 million) in 2013.

General and administrative expenses were RMB253.8 million (US$40.9 million) in 2014, decreased 3% from 2013. Non-GAAP general and administrative expenses were RMB162.1 million (US$26.1 million) in 2014, decreased 15% from 2013.

Net loss was RMB888.6 million (US$143.2 million) in 2014, as compared to RMB580.7 million (US$93.6 million) in 2013. Non-GAAP net loss was RMB555.7 million (US$89.6 million) in 2014, as compared to RMB342.1 million (US$55.1 million) in 2013.

Non-GAAP adjusted EBITDA loss was RMB439.7 million (US$70.9 million) in 2014, as compared to RMB309.5 million (US$49.9 million) in 2013.

Business Outlook

For the first quarter of 2015, the Company expects net revenues will be between RMB1.01 billion and RMB1.03 billion, with advertising net revenues contributing between RMB870 million and RMB890 million. This forecast reflects the Company’s current and preliminary view, which is subject to change.

Recent Development

As a result of the routine review by the Securities and Exchange Commission (the “Commission”) of the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2013 (“2013 20-F”), the Company received, and responded to, comments and queries from the staff of the Commission regarding certain accounting treatment adopted by the Company in its historical financial statements. The financial information for all periods presented in this release is prepared on the same basis as the financial statements included in the Company’s annual reports and public disclosure documents since its initial public offering, and has not been revised to reflect adjustments, if any, that may result from the resolution of the comments and queries from the staff of the Commission (the “Staff”).

The substance of the Staff’s comments and the accounting implications with respect to these comments is summarized below:

1. Revenue recognition for multi-element arrangements – As disclosed in the Company’s 2013 20-F, the Company’s advertising arrangements generally contain multiple deliverables, and revenue is recognized at commencement of delivery of the last deliverable in a typical advertising arrangement, as revenue is considered contingent upon the delivery of undelivered items and the Company’s right to receive consideration from the customer for delivered items is dependent on the successful delivery of the remaining undelivered items. The Staff has inquired as to the appropriateness of the Company’s accounting policy for deferring revenue recognition until the commencement of delivery of the last deliverable and the Company’s underlying analysis. The Company has responded to the Staff’s comments and continues to believe that its current accounting policy is appropriate and conservative. To date, the Staff has not indicated it would take a different view as to the Company’s current accounting. The Company undertakes to expand its disclosure regarding revenue recognition in future filings on Form 20-F in response to the Staff’s comments.

2. Accounting for nonmonetary exchanges of licensed content (known as “barter transaction”) – As disclosed in the Company’s 2013 20-F, the Company enters into nonmonetary transactions to exchange online broadcasting rights of video content with other online video broadcasting companies from time to time. The Company records these nonmonetary exchanges at the carrying values of the broadcasting rights given up, which is nil, with no resulting gain or loss being recognized. The Staff was of the view that the Company should have accounted for these barter transactions at fair value, rather than at carrying value.

While the volume of these barter transactions has not been significant historically, the adoption of fair value accounting for these nonmonetary exchanges may result in net gains or losses on the barter exchange, as well as addition or reduction of amortization expense related to content that is swapped from these transactions, all of which were not previously reflected in the Company’s historical financial statements.

3. Application of ASC 920, Entertainment – Broadcasters (“ASC 920”) – The Company currently accounts for its licensed content similar to long-lived assets, as described in its 2013 20-F. The Staff has inquired whether the Company is within the scope of incremental industry accounting guidance of broadcasters as set forth in ASC 920, the key provisions of which relate to the accounting and presentation of programming materials (“licensed content”).

The Company agrees that fundamentally, similar to a traditional broadcaster, its business as an Internet television company is dependent on the acquisition and use of content to drive viewership and monetization of that content through advertising placements. The Company understands that the Staff shares the view that the Company is a broadcaster and should account for its licensed content pursuant to ASC 920. This would result in differences as to how the Company’s licensed content would be presented on its balance sheet and the methodology in which the Company evaluates recoverability of its licensed content.

The Company is currently evaluating the impact to its 2014 and historical financial statements that may result from the resolution of the issues summarized above. Upon conclusion of the review and assessment process, the Company undertakes to reflect all necessary adjustments based on the appropriate accounting treatment in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2014 (the “2014 Form 20-F”) and/or a report on Form 6-K to be furnished to the Commission, as appropriate. Accordingly, the financial information presented herein is subject to change. The Company currently expects to resolve the Staff’s comments and file its 2014 Form 20-F by the end of April 2015.

Conference Call Information

Youku Tudou’s management will host an earnings conference call at 9:00 p.m. U.S. Eastern Time on March 19, 2015 (9:00 a.m. Beijing/Hong Kong Time on March 20, 2015).

Interested parties may participate in the conference call by dialing one of the following numbers below and entering passcode Youku# (i.e., 96858#) starting 10-15 minutes prior to the beginning of the call.

US Toll Free Dial In:

+1-866-519-4004

International Dial In:

+65-6723-9381

Mainland China Dial In:

+86-800-819-0121 / +86-400-620-8038

Hong Kong Dial In:

+852-3018-6771

A replay of the call will be available by dialing +61 2 8199 0299 and entering passcode 3674494. The replay will be available through March 26, 2015.

This call will be webcast live and the replay will be available for 12 months. Both will be available on the Investor Relations section of Youku Tudou’s corporate website at http://ir.youku.com.

About Youku Tudou Inc.

Youku Tudou Inc. (NYSE: YOKU) is China’s leading Internet television company. Its Youku and Tudou Internet television platforms enable users to search, view and share high-quality video content quickly and easily across multiple devices. Its Youku brand and Tudou brand are among the most recognized online video brands in China. Youku Tudou’s American depositary shares, each representing 18 of Youku Tudou’s Class A ordinary shares, are traded on the NYSE under the symbol “YOKU.”

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Youku Tudou’s strategic and operational plans, contain forward-looking statements. Youku Tudou may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Youku Tudou’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our goals and strategies; our future business development, financial condition and results of operations; the expected growth of the online video market in China; our expectations regarding demand for and market acceptance of our services; our expectations regarding the retention and strengthening of our relationships with key advertisers and customers; our plans to enhance user experience, infrastructure and service offerings; competition in our industry in China; and relevant government policies and regulations relating to our industry. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Youku Tudou does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About Non-GAAP Financial Measures

To supplement Youku Tudou’s financial results presented in accordance with United States Generally Accepted Accounting Principles (“GAAP”), Youku Tudou uses the following measures defined as non-GAAP financial measures by the SEC in evaluating its business: non-GAAP content costs, non-GAAP gross profit, non-GAAP operating expenses, non-GAAP sales and marketing expenses, non-GAAP product development expenses, non-GAAP general and administrative expenses, non-GAAP profit or loss from operations and non-GAAP net profit or loss and non-GAAP adjusted EBITDA profit or loss. We define non-GAAP content costs as content costs excluding share-based compensation expenses and amortization of intangible assets from business combination in relation to user generated content. We define non-GAAP gross profit or loss as the respective nearest comparable GAAP financial measure to exclude share-based compensation expenses and amortization of intangible assets from business combination in relation to user generated content. We define non-GAAP operating expenses as operating expenses excluding share-based compensation expenses, business combination related expenses and amortization of intangible assets from business combination in relation to customer relationship, technology and non-compete provisions. We define non-GAAP sales and marketing expenses as sales and marketing expenses excluding share-based compensation expenses and amortization of intangible assets from business combination in relation to customer relationship. We define non-GAAP product development expense as product development expenses excluding share-based compensation expenses and amortization of intangible assets from business combination in relation to technology. We define non-GAAP general and administrative expenses as general and administrative expenses excluding share-based compensation expenses, business combination related expenses and amortization of intangible assets from business combination in relation to non-compete provisions. We define non-GAAP profit or loss from operations as profit or loss from operations excluding share-based compensation expenses, amortization of intangible assets from business combination and business combination related expenses. We define non-GAAP net profit or loss as net loss excluding share-based compensation expenses, amortization of intangible assets from business combination and business combination related expenses. We define non-GAAP adjusted EBITDA profit or loss as net profit or loss before income taxes, interest expenses, interest income, depreciation and amortization (excluding amortization of acquired content), further adjusted for share-based compensation expenses, amortization of intangible assets from business combination, business combination related expenses and other non-operating items.

We present non-GAAP financial measures because they are used by our management to evaluate our operating performance. We also believe that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating our results of operations in the same manner as our management and in comparing financial results across accounting periods and to those of our peer companies. A limitation of using non-GAAP financial measures is that non-GAAP measures exclude share-based compensation charges that have been and will continue to be significant recurring expenses in Youku Tudou’s business for the foreseeable future.

The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of non-GAAP results of operations measures to the nearest comparable GAAP financial measures” at the end of this release.

For more information, please contact:

Chang You
Youku Tudou Inc.
Tel: (+8610) 5885-1881 x 8066
Email: changyou@youku.com

[1]

The reporting currency of the Company is Renminbi (“RMB”), but for the convenience of the reader, the amounts presented throughout the release are in US dollars (“US$”). Unless otherwise noted, all conversions from RMB to US$ are made at a rate of RMB6.2046 to US$1.00, the effective noon buying rate as of December 31, 2014 in the City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at such rate.

[2]

All non-GAAP measures exclude, as applicable, share-based compensation expenses and amortization of intangible assets from business combination. For further details on non-GAAP measures, please refer to the reconciliation table and a detailed discussion of the Company’s use of non-GAAP information set forth elsewhere in this press release.

YOUKU TUDOU INC.

CONSOLIDATED BALANCE SHEETS

(Amounts in thousands, except for number of shares)

As of

December 31, 2013

December 31, 2014

December 31, 2014

RMB

RMB

US$

ASSETS

(Unaudited)

(Unaudited)

Current assets:

Cash and cash equivalents

1,764,221

3,820,742

615,792

Restricted cash

2,679

617,586

99,537

Short-term investments

1,409,439

4,021,199

648,100

Accounts receivable, net

1,370,031

1,719,760

277,175

Intangible assets, net

51,942

165,839

26,728

Amounts due from related party

125,204

20,179

Deferred tax assets

7,843

3,023

487

Prepayments and other assets

82,300

90,254

14,546

Total current assets

4,688,455

10,563,607

1,702,544

Non-current assets:

Property and equipment, net

222,229

307,425

49,548

Long-term investments

67,293

10,846

Intangible assets, net

1,197,671

1,396,902

225,140

Capitalized content production costs

1,176

1,678

270

Prepayments and other assets

197,856

429,597

69,238

Goodwill

4,262,569

4,262,569

687,001

Total non-current assets

5,881,501

6,465,464

1,042,043

TOTAL ASSETS

10,569,956

17,029,071

2,744,587

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities:

Accounts payable

213,825

563,009

90,741

Advances from customers

25,081

36,095

5,817

Amounts due to related party

4

1

Accrued expenses and other liabilities

1,124,342

1,668,122

268,853

Short-term bank loan

500,000

80,585

Total current liabilities

1,363,248

2,767,230

445,997

Non-current liabilities:

Deferred tax liability

219,519

214,348

34,547

Other liabilities

4,070

6,570

1,059

Total non-current liabilities

223,589

220,918

35,606

Total liabilities

1,586,837

2,988,148

481,603

Commitments and contingencies

Shareholders’ equity:

Class A Ordinary Shares (US$0.00001 par value, 9,340,238,793
authorized, 2,356,529,401 and 3,123,742,699 issued as of December
31, 2013 and December 31, 2014, respectively, 2,356,529,401 and
2,834,270,299 outstanding as of December 31, 2013 and December
31, 2014, respectively)

154

201

32

Class B Ordinary Shares (US$0.00001 par value, 659,761,207 authorized, 659,561,893 and 645,691,903 issued and outstanding as of December 31, 2013 and December 31, 2014, respectively)

49

48

8

Additional paid-in capital

11,058,360

18,878,497

3,042,661

Treasury stock (at cost, nil and 289,472,400
as of December 31, 2013 and December 31, 2014, respectively)

(1,845,892)

(297,504)

Statutory reserves

2,063

13,146

2,119

Accumulated deficit

(1,878,454)

(2,778,182)

(447,763)

Accumulated other comprehensive loss

(199,053)

(226,895)

(36,569)

Total shareholders’ equity

8,983,119

14,040,923

2,262,984

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

10,569,956

17,029,071

2,744,587

YOUKU TUDOU INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended

For the Twelve Months Ended

(Amounts in thousands, except for number of shares and ADS and per share and per
ADS data)

December 31, 2013

September 30, 2014

December 31, 2014

December 31, 2014

December 31, 2013

December 31, 2014

December 31, 2014

RMB

RMB

RMB

US$

RMB

RMB

US$

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

Net revenues (including advertising net revenues from related party amounting to RMB69,763 and RMB110,201 for the three months ended September 30, 2014 and December 31, 2014, respectively, and RMB206,702 for the year ended December 31, 2014 )

901,287

1,106,641

1,264,360

203,778

3,028,484

4,030,094

649,533

Cost of revenues (Note 1)

(646,938)

(859,774)

(1,024,396)

(165,103)

(2,487,421)

(3,249,085)

(523,657)

Gross profit

254,349

246,867

239,964

38,675

541,063

781,009

125,876

Operating expenses:

Product development

(76,514)

(112,434)

(123,861)

(19,963)

(278,015)

(416,111)

(67,065)

Sales and marketing

(216,444)

(287,038)

(344,493)

(55,522)

(681,008)

(1,030,899)

(166,150)

General and administrative

(40,393)

(53,009)

(79,528)

(12,818)

(261,770)

(253,817)

(40,908)

Total operating expenses

(333,351)

(452,481)

(547,882)

(88,303)

(1,220,793)

(1,700,827)

(274,123)

Loss from operations

(79,002)

(205,614)

(307,918)

(49,628)

(679,730)

(919,818)

(148,247)

Interest income

8,419

22,694

22,660

3,652

29,972

61,330

9,884

Interest expenses

(545)

Share of net loss of equity investee

(840)

(135)

(840)

(135)

Other, net

46,878

1,542

19,445

3,134

70,573

22,169

3,573

Total other income, net

55,297

24,236

41,265

6,651

100,000

82,659

13,322

Loss before income taxes

(23,705)

(181,378)

(266,653)

(42,977)

(579,730)

(837,159)

(134,925)

Income taxes

(876)

(51,474)

(8,296)

(1,014)

(51,486)

(8,298)

Net loss

(24,581)

(181,378)

(318,127)

(51,273)

(580,744)

(888,645)

(143,223)

Other comprehensive (loss) income, before tax

Foreign currency translation adjustments

(33,201)

214

(35,370)

(5,701)

(83,171)

(27,842)

(4,487)

Other comprehensive (loss) income, before tax

(33,201)

214

(35,370)

(5,701)

(83,171)

(27,842)

(4,487)

Income tax expense related to components of other comprehensive (loss) income

Other comprehensive (loss) income, net of tax

(33,201)

214

(35,370)

(5,701)

(83,171)

(27,842)

(4,487)

Shanghai Media Group Selects LiveU’s Portable Video Transmission Technology

– SMG has standardized on LiveU’s flagship LU500 backpack across its TV, newspaper, traditional and new media outlets

HACKENSACK, N.J., March 18, 2015 /PRNewswire/ — LiveU, the pioneer in IP-based live video services and broadcast solutions for acquisition, management and distribution, announced today that Shanghai Media Group (SMG), one of the largest media and entertainment companies in China, has selected LiveU’s bonding transmission technology for live broadcasts across its diverse media outlets. After conducting an in-depth evaluation of competitive solutions, SMG has standardized on LiveU’s professional, lightweight LU500 backpack for its newsgathering operations, deploying multiple units across the Group.

LiveU’s technology is being supplied and supported by LiveU’s Chinese partner Diadem.

SMG first leased LiveU’s technology from Diadem to cover football events, including the 2014 World Cup in Brazil, and to support the Washington news reporting division. Since then, SMG has increased its usage to cover news and sports events worldwide, including the Airshow China 2014 (the 10th China International Aviation and Aerospace Exhibition), Australian Open Tennis Championships 2015, 2015 AFC Asian Cup, 17th Asian Games in Incheon 2014, 2014 Shanghai Rolex Masters, Apple releases and Alibaba listing in the USA 2014.

Mr. Sheng Song, Chief of the Section, The 2nd T Production Dept. of STV Technical Section, of SMG, said, “LiveU’s technology offers a highly cost-effective option for live HD coverage, with no need for satellite trucks. The LU500 stood out from other solutions in our tests in terms of video quality and resiliency – crucial in China because we’re covering stories all over the country, often with variable cellular coverage. With its multiple internal modems and antenna modules, the LU500 enables us to transmit live video with minimum delay even in remote areas. We’re also utilizing LiveU’s mobile app, LU-Smart, for smartphones and tablets, allowing our reporters to extend their coverage on-the-move.”

Mr. Song continued, “We’re planning to expand our deployment going forward, with additional LU500 units in our overseas news reporting division, and in our local news and sports channels. We’re also adding the LU200 mini newsgathering unit, LiveU’s Xtender external antenna and new smartphone applications.”

Mr. Gordon Gu, CEO of DiaDem Technologies Inc., LiveU’s local partner, said, “SMG is a trailblazer in China and the region in general. They’re using LiveU to transmit live coverage from many different events, across different media platforms, enhancing the viewers’ experience. SMG is an excellent example of how cellular bonding technology is transforming the media industry.”

LiveU’s global units and services are connected via the LiveU Central management system for easy preview and remote control using any computer or tablet from anywhere around the world.

Mr. Doron Meirom, VP Sales APAC, LiveU, said, “We’re proud that Shanghai Media Group, one of the leading media companies in APAC, has selected LiveU’s technology to enhance their newsgathering and event coverage capabilities. The LU500 has once again proved to be the most robust live transmission unit on the market, offering top video performance and global services, together with ultimate portability and flexibility.”

LiveU owns the patent for cellular bonding for remote news gathering in the US, China and other countries. All LiveU products are based on this fourth-generation patented technology.

See LiveU’s solutions at DiaDem’s stand (7509 in Hall 7) at CCBN2015, China International Exhibition Center (CIEC), March 26 – 28, 2015.

About Shanghai Media Group

Shanghai Media Group (SMG) is one of the largest media and entertainment companies in China. SMG boasts the most valuable and comprehensive business portfolio including radio, TV, newspaper and magazine traditional media outlets, TV program/drama and motion picture productions and distribution, multiplatform video distribution such as IPTV and Internet TV, and online video offerings, digital advertising, online and console gaming, TV shopping and ecommerce , live and performing arts and tourism. By the end of 2013, SMG had RMB 44.6 billion in assets and RMB 21 billion annual income.

In terms of media outlets, SMG currently operates 15 satellite and cable networks, including news, entertainment, sports, finance, documentary, children networks, which are based on a free-to-air advertising business model.

About DiaDem:

DiaDem Technologies Inc. has operations in Beijing and Shanghai, China, and investment in the Bay Area, USA, combining creative US high-tech culture with China’s continually-growing prosperous economy to bring innovative Sino-US economic and technological development for mutual prosperity.

The DiaDem team is uniquely experienced in core technology fields, such as baseband, radio frequency chip design, wireless communication, information security, satellite communication, video processing, cloud computing and others, etc. with product lines including Intelligent Mobile Terminals (mobile terminals, rugged smart phones, tablets, mobile power bank, IP cameras), Intelligent Systems, and Cloud Service (Cloud HD live broadcasting service, SEEi-www.seei.tv, Cloud Secu-Call mobile information security service, Cloud Network video monitoring service, etc.).

With its technology-based service-concept focus, DiaDem’s solid hardworking team works across Sino-US and European, African and Latin America markets to explore opportunities together with its strategic partner LiveU. DiaDem aims for great success and benefit to both China and the international community.

For more information, visit www.diadem-tech.cn and its sister company ADINNO, www.adinno.org.

Press/Sales Contact:
For DiaDem:
Ms. Lei Gao
Mr. YunQing Wang
+86-21-5522 9560
diadem@diadem-tech.cn

About LiveU

LiveU is the pioneer in IP-based live video services and solutions for acquisition, management and distribution. LiveU’s award-winning technology enables live video transmission from any location around the world with lightweight, easy-to-use equipment. From backpacks to smartphones, and satellite/cellular hybrid to external antenna solutions, LiveU offers a complete range of devices for live video coverage anytime, anywhere. In addition, LiveU offers extensive cloud-based management and video distribution solutions. With top-tier customers in 60+ countries, LiveU’s solutions are being utilized for breaking and developing news and high-profile events, such as the FIFA World Cup™, Winter and Summer Olympic Games, Presidential Campaigns, Super Bowls, US Collegiate Championships and red-carpet events. LiveU’s solutions include multiple 4G LTE/3G, HSPA+, WiMAX and Wi-Fi cellular links, which are optimized for maximum video quality based on the available network conditions. For more information, visit www.liveu.tv, or follow us on Twitter, Facebook, YouTube, or Instagram.

Press Contact:

For LiveU:
Joss Armitage
+44-7979-908-547
joss@jumppr.tv

Sales Contact:
201-742-5228
info@liveu.tv

Youku Tudou to Release Fourth Quarter and Fiscal Year 2014 Unaudited Financial Results on March 19, 2015

BEIJING, March 16, 2015 /PRNewswire/ — Youku Tudou Inc. (NYSE: YOKU), China’s leading Internet television company (“Youku Tudou”), will report its fourth quarter and fiscal year 2014 unaudited financial results on Thursday, March 19, 2015, after the close of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at 9:00 p.m. U.S. Eastern Time, March 19, 2015 (9:00 a.m. Beijing / Hong Kong time, March 20, 2015). Youku Tudou’s management will be on the call to discuss the quarterly results and answer questions. To participate in the conference call, please RSVP to Chang You by email at changyou@youku.com.

Interested parties may participate in the conference call by dialing one of the following numbers below and entering passcode “Youku” 10-15 minutes before the call starts.

US Toll Free Dial In:

+1-866-519-4004

International Dial In:

+65-6723-9381

Mainland China Dial In:

+86-800-819-0121/ +86-400-620-8038

Hong Kong Dial In:

+852-3018-6771

A replay of the call will be available by dialing +61 2 8199 0299 and entering passcode 3674494. The replay will be available through March 26, 2015. This call will be webcast live and the replay will be available for 12 months. Both will be available on the Investor Relations section of Youku Tudou’s corporate website at http://ir.youku.com.

About Youku Tudou Inc.

Youku Tudou Inc. (NYSE: YOKU) is China’s leading Internet television company. Its Youku and Tudou Internet television platforms enable users to search, view and share high-quality video content quickly and easily across multiple devices. Its Youku brand and Tudou brand are among the most recognized online video brands in China. Youku Tudou’s American depositary shares, each representing 18 of Youku Tudou’s Class A ordinary shares, are traded on the NYSE under the symbol “YOKU.”

For more information, please contact:

Ms. Chang You
Youku Tudou Inc.
Email: changyou@youku.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/youku-tudou-to-release-fourth-quarter-and-fiscal-year-2014-unaudited-financial-results-on-march-19-2015-300050752.html

Top US Pay TV Operators Added 101,000 Subscribers in 4Q14

— Cord Cutting Remains a Threat, But No Mass Exodus Yet

BOSTON, March 6, 2015 /PRNewswire/ — The top Pay TV Operators in the United States added 101,000 new subscribers during the fourth quarter to end a roller coaster year in 2014 according to the latest report from Strategy Analytics, Digital Television Operator Performance Benchmarking: North America.   
Click here for the report: http://sa-link.cc/SPSDTVNAPR

Logo – http://photos.prnewswire.com/prnh/20130207/NE56457LOGO-b

The declining trend in Pay TV subscribers in North America, seen during the second and third quarters, reversed in the fourth quarter, with overall growth in both the US and Canada. The 19 tracked operators in the US added 101,000 subscribers while operators in Canada added 5,000. In the US, the increase in the fourth quarter brought the total tracked subscribers to 96.1 million, representing more than 95% of the total US market. Digital subscriber growth has continued throughout 2014, ending the year at nearly 95 million.

“2014 started and finished strong, with growth in Pay TV subscribers in both the first and fourth quarters,” stated Jason Blackwell, Director of Service Provider Strategies.  “The middle of the year was a bit rough, with subscriber losses in the second and third quarters.  Overall, the year was flat, with our tracked operators losing only 4,000 subscribers.”

Mr. Blackwell added, “Cord cutting remains a threat, and there are new options for consumers that have deployed during the first quarter of 2015, specifically the Sling TV service from Dish Network.  We also expect to see more standalone services from HBO, Showtime, and others, so 2015 will be challenging for the traditional Pay TV vendors.”

Other key findings from the report include:

  • During 2014, the US satellite market grew by only 20,000 subscribers as DirecTV had a strong year while Dish Network suffered losses.
  • IPTV operators in the US added 1.16 million new subscribers in 2014. Verizon added 387,000 new subs and AT&T, which sold its Connecticut assets to Frontier, added 478,000.
  • Cable continued to suffer from Pay TV subscriber losses, with a total of 1.18 million during the year.  During the fourth quarter, the tracked cable operators lost 195,000 video subscribers.

About Strategy Analytics

Strategy Analytics, Inc. provides the competitive edge with advisory services, consulting and actionable market intelligence for emerging technology, mobile and wireless, digital consumer and automotive electronics companies. With offices in North America, Europe and Asia, Strategy Analytics delivers insights for enterprise success. www.StrategyAnalytics.com 

US Contact: Jason Blackwell, +1 617 614 0700, jblackwell@strategyanalytics.com  
European Contact: David Mercer, +44(0) 1908 423 600, dmercer@strategyanalytics.com  

Youku Tudou Announces Organizational Change and Appointment of COO

BEIJING, March 5, 2015 /PRNewswire/ — Youku Tudou Inc., China’s leading internet television company, today announces the formation of new business units Heyi Studios and Innovative Marketing, and the appointment of Edward Su as Chief Operating Officer.

New Business Units

Youku Tudou announces the launch of two new business units, Heyi Studios and Innovative Marketing. Youku Tudou’s Chief Content Officer Sunny Xiangyang Zhu has been appointed CEO of Heyi Studios, which produces original TV dramas and innovative web-native content, and Yawei Dong, Chief Marketing Officer, will head the Innovative Marketing Business Unit to develop programmatic advertising, video e-commerce, big data and other new marketing models. As a result of the change, Youku Tudou now has six business units: Youku platform, Tudou platform, Heyi Pictures, Heyi Studios, Innovative Marketing and Cloud Entertainment BU which focuses on gaming and OTT.

Reorganization of Content Management and Production

Taking a new approach to content management and production, Youku Tudou has formed nine Content Centers vertically integrated based on content categories: TV Drama Center, News Center, Variety Show Center, Movie Center, Game Center, Animation Center, Music Center, Education Center and Entertainment Information Center. Frank Ming Wei, President of Youku, and his team will manage Content Centers including TV series, News, and Education. Weidong Yang, President of Tudou, and his team will manage Content Centers including Variety Shows, Entertainment Information, Animations, and Music. Allen Huilong Zhu, CEO of Heyi Pictures, will manage Movie Center. Leo Jian Yao, group CTO and President of Cloud Entertainment BU, will manage game center.

Appointment of COO

Youku Tudou is pleased to announce the appointment of Edward Su as Chief Operating Officer, who will oversee the sales team of Youku Tudou. Before joining Youku Tudou, Edward served as CEO of China Group for Havas Worldwide, a multinational integrated marketing communications agency. Edward has 18 years of business experience from various companies including Grey, D’arcy, Saatchi & Saatchi, and Ogilvy. He graduated from East China Normal University with a Master’s Degree in Philosophy and also received an MBA from China Europe International Business School (CEIBS).

“With today’s announcements, the framework of Youku Tudou’s multi-business unit and content center structure is in place,” said Victor Koo, Chairman and CEO of Youku Tudou. “We’re well poised to rapidly ramp up our content creation, accelerate our revenue growth and diversification, and fully capitalize on the opportunities that the converging online and offline worlds bring us.”

About Youku Tudou Inc.

Youku Tudou Inc. (NYSE: YOKU) is China’s leading Internet television company. Its Youku and Tudou Internet television platforms enable users to search, view and share high-quality video content quickly and easily across multiple devices. Its Youku brand and Tudou brand are the most recognized online video brands in China. Youku Tudou’s American depositary shares, each representing 18 of Youku Tudou’s Class A ordinary shares, are traded on the NYSE under the symbol “YOKU.”

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/youku-tudou-announces-organizational-change-and-appointment-of-coo-300045974.html

Analytics Solutions Will Help Monetize Burgeoning Online Video Marketplace

— Adopting OVA solutions will help measure effectiveness and identify real-time consumption behavior, finds Frost & Sullivan

MOUNTAIN VIEW, Calif., March 3, 2015 /PRNewswire/ — The increasing use of Internet protocol (IP) enabled devices has fuelled massive video consumption and, in turn, driven the need for online video analytics (OVA) solutions globally. Publishers, advertisers and service providers have come to the realization that OVA solutions are essential to device effective strategies to monetize from targeted video services.

New analysis from Frost & Sullivan, Global Online Video Analytics Market, finds that the market earned revenues of $189.4 million in 2014 and estimates this to reach $472.0 million by 2020.

For complimentary access to more information on this research, please visit: http://bit.ly/1Bd4mHP

Due to a rapid adoption of over-the-top services (OTT), supported by the proliferation of mobile devices, user-generated online video has grown substantially. As a result, advertisers and publishers have begun to divert their resources to online channels, boosting the prospects of OVA solution providers.

“The demand for premium TV content on online channels has also increased due to the popularity of live global sporting events,” said Frost & Sullivan Digital Media Industry Manager Hiral Jasani. “This has highlighted the need to identify real-time consumption behavior and measure the effectiveness of online video and online video advertising by adopting sophisticated OVA solutions.”

However, the lack of standardization of measurement metrics offered by OVA platforms, coupled with the diversity of devices and video formats, has led to confusion in the market and prevented these solutions from going mainstream. Instead of taking the risk of investing in third-party OVA solutions, the market has been using home-grown or bespoke solutions.

With no standardization in terms of measuring audience engagement, viewership or quality of online video, the market has become fragmented. As a result, there are only a handful of pure-play OVA solution providers globally.

“The OVA market will remain fragmented, as publishers, advertisers and service providers each try to control their ends of video delivery and claim control of the OVA functionality,” noted Jasani. “As video makes up the bulk of online traffic, several big data and Web analytics solutions providers will also compete with these players, further increasing market fragmentation.”

In the coming years, publishers will widely adopt the programmatic advertising approach, giving rise to larger ad inventories and driving the need for OVA solutions. OVA solution providers who can cater to this trend and enable publishers to offer viewership guarantees to advertisers will succeed.

Global Online Video Analytics Market is part of the Digital Media (http://www.digitalmedia.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Global Enterprise Content Management Market, Global Enterprise Video Webcasting Solutions Market, Analysis of the Global Learning Management Systems Market, and Global Non-Linear Editing Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Contact:
Clarissa Castaneda
Corporate Communications – North America
P: +1.210.477.8481
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E: clarissa.castaneda@frost.com

http://www.frost.com