Turner acquires minority interest in Vietnamese entertainment company POPS Worldwide
Turner Asia Pacific has acquired a minority stake in Vietnamese digital media and creator network POPS Worldwide.
Turner acquires minority stake in POPS Worldwide
This follows a co-production deal with mm2 Entertainment and another minority investment in Bigballs media.
This investment will allow Turner to reach new audiences and extend its partnership with POPS. Turner’s Boomerang brand launched in Vietnam in 2016 on POPS Kids, offering international animations dubbed in Vietnamese.
“With its unique proposition, POPS has shown to be very adept at attracting and engaging audiences with its local content and creator network, and this agreement allows Turner to venture into this growing side of the business,” said Ricky Ow, president, Turner Asia Pacific.
“Our investment is part of Turner’s desire to place fans and consumers at the very core – to reach and engage them with branded content and playlists – as well as target diverse demographics in new ways. With a surge of video-on-demand viewing in both Vietnam and Southeast Asia, these are exciting times for two companies that share a very similar culture of innovation,” he added.
“We are excited to have Turner come on board. Using this investment, we can supercharge our ambitious vision to lead digital entertainment in Southeast Asia. We plan to expand our network onto more mobile and non-traditional platforms, invest heavily in content production and open new markets. Over the past year, we have been working closely with Turner on their Kids content,” said Esther Nguyen, founder and chief executive officer, POPS Worldwide.
“Through this journey, we realised that we share the same vision of the future of entertainment. Our work with Turner led to the successful YouTube launch of Boomerang Vietnam and popular Boomerang programming on POPS Kids. For the first time in Vietnam, full episodes of classic properties like Tom and Jerry, Ben 10, The Powerpuff Girls and Scooby-Doo were available for our audiences online. Though we started working together in the Kids business, we now look forward to broadening our content partnership even wider,” she added.
POPS works with over 1,700 content partners over 1,200 network channels, with domestic, regional and international content partners. POPS has content partners that include digitally-savvy musicians, entertainers and comedians as well as traditional TV studios, local and regional production houses and media companies including Discovery Networks, UUUM, Digital Hollywood and Collab.