Ku6 Media (

NASDAQ The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

br>KUTV
, an online video company, was established in 2006 and now is based in

Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

. Those videos posted on Ku6 website include news, movies, television dramas, music videos, entertainment sports and

user-generated content User-generated content (UGC), alternatively known as user-created content (UCC), is any form of content, such as images, videos, text, testimonials, and audio, that has been posted by users on online platforms such as social media, discussion f ...

(UGC). Ku6 Media was founded as Hurray! Holding Co., Ltd. and changed its name to Ku6 Media Co., Ltd. in August 2010.

History

2006, Ku6 Media was established and began to engage in online video markets. 2007, Ku6 Media reached a business cooperation agreement with

Baidu Baidu, Inc. ( ; , meaning "hundred times") is a Chinese multinational technology company specializing in Internet-related services and products and artificial intelligence (AI), headquartered in Beijing's Haidian District. It is one of the la ...

and obtained the first round financing capital ($10 million) from

Draper Fisher Jurvetson Draper Fisher Jurvetson (DFJ) is an American venture capital firm focused on investments in enterprise, consumer and disruptive technologies. In January 2019, DFJ Venture, the early-stage team, spun out and formed Threshold Ventures. DFJ Growth ...

(DFJ) and DT Capital Partners. In 2008, Ku6 Media received the license issued by SARFT. In 2009, Ku6 Media joined Shanda Group and merged with Hurray to be listed. In 2010, "Ku6 Media Theater" went online, representing the birth of China's hulu mode.

Products and services

Most of the videos posted on the Ku6 website are short-form videos submitted via user uploads. The company provides some customized services, such as user-navigating channels for video sharing and commenting tools; search history for frequent visitors; chatting box alongside videos. In addition to the website, the company also provides videos on mobile platforms. On December 31, 2012, the company delivered an average of over 50,000 new UGC video clips each day.

Operations

Ku6 Media enjoys partnerships with

NetEase NetEase, Inc. () is a Chinese Internet technology company providing online services centered on content, community, communications, and commerce. The company was founded in 1997 by Ding Lei. NetEase develops and operates online PC and mobile game ...

, Kaixin,

CCTV Closed-circuit television (CCTV), also known as video surveillance, is the use of video cameras to transmit a signal to a specific place, on a limited set of monitors. It differs from broadcast television in that the signal is not openly t ...

Channel V,

YouTube YouTube is a global online video platform, online video sharing and social media, social media platform headquartered in San Bruno, California. It was launched on February 14, 2005, by Steve Chen, Chad Hurley, and Jawed Karim. It is owned by ...

and many film and TV producers in China, like Huayi and Hairun. In April 2011, Ku6 Media announced the merger with Hangzhou Soushi Networking Co., Ltd. ("Pipi") in an all-stock transaction under which all of the equity interests in Pipi were sold to Ku6 in exchange for an aggregate of 2,212,114,257 ordinary shares of Ku6.
In September 2010, Ku6 Media reached content cooperation agreements with Sony Pictures Television and another major

Hollywood Hollywood usually refers to: * Hollywood, Los Angeles, a neighborhood in California * Hollywood, a metonym for the cinema of the United States Hollywood may also refer to: Places United States * Hollywood District (disambiguation) * Hollywood, ...

studio for some of its licensed content. In 2013, the company announced its love-theme UGC video campaign, which was expected to generate a good number of quality and creative UGC videos around the theme "love", though it did not succeed.

References

{{reflist

External links

Official Website
Companies established in 2006 Companies listed on the Nasdaq