Rakuten-owned Viki hits Japan five months after purchase

Monday 24 February 2014 00:20 CET | News

Viki, a streaming video platform, has unveiled its Japan-designed website in beta version. The event takes place five months after its acquisition by Japan-based Rakuten, a global internet services company. The sum total of the transaction has reached USD 200 million, as Techcrunch reports.

Rakuten voices that the transaction took place in September 2013 and the agenda behind the transaction has been to merge Viki’s global content, language and community-first DNA with Rakuten’s USD 16 billion digital content and ecommerce business.

Internet users in Japan are now allowed to make use of Rakuten IDs, analogous to Facebook Connect, to access Viki Japan, which provides global media content as TV shows and films translated into the local language. The service’s premium version, called Viki Pass, will cost nearly JPY 400 (USD 3.99) a month, and supports ad-free and HD video streaming across multiple devices, along with exclusive content.

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Keywords: Rakuten, Viki, media platform, transaction, video straming
Categories: Payments & Commerce
Countries: World
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