Gadgehit.com writes: "Two of China’s biggest online video streaming companies have agreed to a mutual stock swap deal valued at around $1 billion, and merge in order to cut costs and boost market share. Both companies have seen increasing losses due to the cost of acquiring and streaming video content."
Youku users and content creators will be able to utilize the entire OZO VR solution.
Gigaom: If you want to understand the the Chinese media market, Youku.com CEO Victor Koo told me this week, you’ll have to look back. Way back. Think 1940, when the US media market was completely fragmented, dominated by thousands of locally owned stations, with no big Comcast-like players in sight.
