MUMBAI: RTL Group-owned Canadian media and technology company BroadbandTV (BBTV) has acquired Mumbai-based kids content producer and publisher YoBoHo. The deal makes BBTV one of the leaders in kids and family entertainment on YouTube.
Said YoBoHo founder & CEO Hitendra Merchant, “YoBoHo has launched 27 channels featuring original programming produced in house reaching a global scale. We have successfully built whole ecosystems around kids content, which has led us to become a top player in the space. We have significant plans to develop this further.”
BBTV is also making a multi-million dollar investment in YoBoHo to further expand its library of original content, broaden its international footprint and further diversify its revenue streams. “We’re very pleased to conclude the acquisition of a top player in the kids space at a time when the kids content vertical is experiencing burgeoning growth,” , said BroadbandTV founder and CEO Shahrzad Rafati.
YoBoHo boasts over 8,000 videos mainly produced by the company. It operates the largest preschool and K-12 educational network on YouTube (HooplaKidz).
All 55 YoBoHo employees will join BBTV, including producers, writers, marketers, technology, and mobile experts, as well as a business development team. Leading European entertainment network RTL Group provided funding for BroadbandTV’s acquisition of YoBoHo.
The kids vertical is experiencing exponential growth, with Nielsen reporting that total online video consumption by kids aged 2 to 11 has increased by 87 per cent in the last three years
Read more at:
http://www.televisionpost.com/technology/rtl-groups-broadbandtv-acquires-mumbai-based-kids-content-producer-yoboho/
Said YoBoHo founder & CEO Hitendra Merchant, “YoBoHo has launched 27 channels featuring original programming produced in house reaching a global scale. We have successfully built whole ecosystems around kids content, which has led us to become a top player in the space. We have significant plans to develop this further.”
BBTV is also making a multi-million dollar investment in YoBoHo to further expand its library of original content, broaden its international footprint and further diversify its revenue streams. “We’re very pleased to conclude the acquisition of a top player in the kids space at a time when the kids content vertical is experiencing burgeoning growth,” , said BroadbandTV founder and CEO Shahrzad Rafati.
YoBoHo boasts over 8,000 videos mainly produced by the company. It operates the largest preschool and K-12 educational network on YouTube (HooplaKidz).
All 55 YoBoHo employees will join BBTV, including producers, writers, marketers, technology, and mobile experts, as well as a business development team. Leading European entertainment network RTL Group provided funding for BroadbandTV’s acquisition of YoBoHo.
The kids vertical is experiencing exponential growth, with Nielsen reporting that total online video consumption by kids aged 2 to 11 has increased by 87 per cent in the last three years
Read more at:
http://www.televisionpost.com/technology/rtl-groups-broadbandtv-acquires-mumbai-based-kids-content-producer-yoboho/