Dele Liu

Content costs up as Youku Tudou preps originals

Programming costs at Chinese on-demand platform Youku Tudou have risen 11% as the firm gears up its original TV drama and digital content division Heyi Studios. Spend on programming was RMB602.9 million (US$97.2 million) in the fourth quarter of 2014, representing 48% of net revenues as compared to 39% for the same period a year before. This comes […]

Merger savings narrow Youku Tudou losses

Chinese online video site Youku Tudou narrowed its consolidated fourth quarter net losses by 43% to RMB113.6 million (US$18.2 million) as the cost saving effects of last year’s merger kicked in. Unaudited figures for the three months to December 31, 2012, released today – the company’s first full quarter results since VOD platforms Youku and […]