New TV channel focuses on business, finance

CYBERJAYA: Capital TV, HyppTV's new channel, is set to bring the Malaysian business community latest updates on business and finance news around the clock.

HyppTV is Telekom Malaysia Bhd's (TM) pay-television service that is available through TM's high-speed broadband (HSBB) service UniFi.

At the launch of the channel yesterday, TM executive vice president of new media Jeremy Kung said the arrangement that “we have is that it (Capital TV) is the content provider and we are the platform provider.”

“We work closely with them because we promote the local content industry,” he added.

“TM's symbiotic relationship with Capital TV is very much in line with the new economic model of the Malaysian Government where the private sector is to be the driving force of the country's economy. Through this relationship, TM is providing the avenue for content providers to benefit from the platform offered by TM under HSBB project,” Kung said.

“We are developing a content eco-system platform that would assist local content providers to bring to market their respective content and applications. This platform would also come with systems and backroom support.”

He said the company encouraged content providers, particularly the small home-grown ones, to come and talk to it about collaboration on the HSBB service.

“TM, as the operator of an IPTV (Internet protocol television) service - HyppTV - provides the platform to broadcast Capital TV.

“With this, HyppTV is able to provide in-depth and balanced coverage of Malaysian business and financial market, including news, issues and happenings in the country to complement the international business news made available through other news channels readily available on HyppTV,” Kung added.

Capital TV, a niche channel for business-minded individuals, is produced and owned by Online Dynamics (M) Sdn Bhd, a group which has been in operation since 2001.

Capital TV chief executive officer Noor Azman Yusof said the channel currently reached 80% to 90% of TM's UniFi subscribers. As recently reported, TM has surpassed 300,000 in UniFi subscribers and expects to reach 400,000 by year-end.

Deputy Information, Communica-tions and Culture Minister Datuk Joseph Salang, who was present at the event, said that it was estimated that RM750mil would be spent annually on content development for the broadcasting industry in the country.

“As the Malaysian public are better able to afford greater value content, there will be more money pouring into the industry,” he said.

to create an environment that is not only profitable for the content makers but also entertaining and informative for the viewer,” he said on expectations if the amount spent on content development will increase in the future.

“Capital TV is exclusive on HyppTV which is only exclusive to Unifi. Like any new channel, (in) the first year you can't expect to breakeven or make profit. The first year is for you to establish yourself. So we are not putting emphasis on (the) financial(s), we emphasise on quality and content to make sure the audience gets what they want,” Noor Azman said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

MUI Group's PMC to buy 51% stake in A&W Malaysia
Yinson reports third straight quarterly earnings growth
KPower posts RM37.4mil net profit in FY21, despite Covid-19 setbacks
FBM KLCI broadly higher on bargain-hunting activities
BNM's international reserves at US$116.2bil as at Sept 15
China stocks end higher, Evergrande's assurances lift real estate firms
Maybank, UOB to jointly underwrite RM2bil Islamic facility for Malayan cement
DFIs provide micro-SMEs with financing totalling RM8.1bil
Oil prices rise on tight supply, renewed risk appetite
Citi Malaysia bags multiple banking awards

Stories You'll Enjoy