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SOURCE Ku6 Media Co., Ltd.
BEIJING, Dec. 24, 2013 /PRNewswire/ -- Ku6 Media Co., Ltd. ("Ku6 Media" or the "Company", NASDAQ: KUTV), a leading internet video company in China focused on User Generated Content ("UGC"), together with Zhejiang TV and SINA, held UGC Entertainment Awards Ceremony in Beijing on December 20.
The UGC Entertainment Awards Ceremony is the closing ceremony awarding the most popular UGC videos in the Company's two months campaign UGC Entertainment Awards, which is the very first TV and Internet simulcast program focused on UGC content in China. The original video Wehai Anti-cheating Style was selected the Grand Champion at the ceremony and granted half million RMB reward. At the ceremony, celebrities from Mainland China, Taiwan, and Hong Kong, including famous actress Ms. Ziyi Zhang, were also granted awards for the great inspirations and contributions they have brought to China's UGC industry.
"We are very proud of the achievements that UGC Entertainment Awards has gained," said Mr. Fang Du, CEO of Ku6 Media. "As the very first TV program jointly produced by an Internet video company and a TV station, UGC Entertainment Awards has proved the huge potential of this business model. We believe that it has inspired and encouraged all the original video producers in China to love what they've been doing more. We plan to bring more similar premium programs to our audiences in the future."
About Ku6 Media Co., Ltd.
Ku6 Media Co., Ltd. (Nasdaq: KUTV) is a leading internet video company in China, focusing on User Generated Content (UGC). Through its premier online brand and online video website, www.ku6.com, Ku6 Media provides online video uploading and sharing service, video reports, information and entertainment in China. For more information about Ku6 Media, please visit http://ir.ku6.com.
SINA is an Internet media company serving China and the global Chinese communities. Our digital media network of SINA.com (portal), Weibo.com (social media),SINA.cn (mobile portal) and other mobile applications, enable Internet users to access professional media and user generated content in multi-media formats from the web and mobile devices and share their interests with friends and acquaintances.
SINA.com offers distinct and targeted professional content on each of its region specific websites and a range of complementary offerings. Based on an open platform architecture to host organically developed and third-party applications, Weibo is a form of social media, featuring microblogging services and social networking services that allow users to connect and share information anywhere, anytime and with anyone on the platform. SINA.cn provides information and entertainment content from SINA portal customized for mobile (WAP) users. We have also developed a broad range of mobile apps, such as SINA News, SINA Sports, SINA Finance and SINA Entertainment to complement our mobile offering.
Through these properties and other product lines, SINA offers an array of online media and social networking services to its users to create a rich canvas for businesses and advertisers to connect and engage with their targeted audiences. SINA generates the majority of its revenues from online advertising, MVAS and fee-based services.
Safe Harbor Statement
This news release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "believes," "could," "expects," "may," "might," "should," "will," or "would," and by similar statements. Forward-looking statements are not historical facts, but instead represent only the Company's beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of its control. It is possible that the Company's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Some of the risks and important factors that could affect the Company's future results and financial condition include: continued competitive pressures in China's internet video portal market; changes in technology and user preference in this market; the risk that Ku6 Media may not be able to control its expenses in the future; regulatory changes in China with respect to the operations of internet video portal websites; the success of Ku6 Media's ability to sell advertising and other services on its websites; and other risks outlined in the Company's filings with the Securities and Exchange Commission, including the Company's annual report on Form 20-F. Ku6 Media does not undertake any obligation to update this forward-looking information, except as required under law.
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