Private Media Group has signed an exclusive agreement granting Korea-based Seal Media the right to offer and license Private’s adult entertainment mobile content within South Korea.
Private Media Group has agreed to supply mobile content from both their current library of mobile video clips and photo sets and – in something new for Private -- a targeted line of content produced specifically for the Korean market. As exclusive distributors of this content to third party mobile operators and content aggregators for mobile operators, Seal will bundle and sell an array of mobile content throughout South Korea.
According to David Kane, research analyst for Wireless World Forum, “With 100 percent of Koreans aged 10-59 owning a mobile phone by 2007, Korea has one of the highest mobile ownership levels in the world. As the number of mobile phone owners reach saturation, Korean operators look for continued growth in content and messaging services.”
“Promoting data services provides the best opportunity for sustaining revenue growth in the near future,” said Kane. “Messaging services will grow $1.8 billion by 2007 and content revenues will rise by $500 million.”
Asia leads the worldwide mobile market and is also the leader in Internet, IPTV and 3D gaming services. Private Media Group, through newly formed Private Asia Ltd., is in the process of implementing a business development and marketing plan to enter the wireless, VOD, IPTV, Internet and Pay TV markets throughout Asia.
“South Korea has a remarkable history with 3G and mobile services,” said Bo Rosenkvist, CEO of Private Asia Ltd. “Our contract with Seal Media is a huge step forward into the Korean mobile market.”
“We are thrilled to see that our investment to build an infrastructure in Asia is starting to pay off.”
