Japanese Streaming Firms U-Next and Paravi to Merge

Two of Japan’s leading video streaming services are to merge, it was announced late last week, creating the largest local company in the market. Current number two player U-Next is to absorb Premium Platform Japan, a company which operates the Paravi streaming platform. The combined company is estimated to have some 3.7 million subscribers and revenues exceeding JPY800 billion ($594 million) per year. Integration of the two operations could begin as soon as July, local media reported. That would allow U-Next subscribers to access Paravi’s content, much of which is re-runs from conventional TV broadcasters. Premium Platform Japan is substantially… Read Full Article