Media Group Ukraine to cover cost of oll.tv video service within 3-5 years
Kyiv, May 14 (Interfax-Ukraine) – Media Group Ukraine Ltd. expects to recoup its investment in a new project, the oll.tv video service, within three-five years, Director for Business Development at Media Group Ukraine Olha Havrylova said during a press conference hosted by Interfax-Ukraine on Monday.
"This project is not being created for one or two years..." she said.
Havrylova also reported that Media Group Ukraine is also considering the possibility of placing advertising on the new resource in 2013.
As reported, Digital Screens Company, which is a member of Media Group Ukraine Ltd., has launched the oll.tv on-line video service, on which Ukrainian subscribers can view licensed films, serials and TV programs.
The project is aimed at creating a modern, convenient and good quality video service with a wide range of licensed content. Today the library of the source already contains thousands of hours of content, and this number is constantly growing.
Moreover, now the video service will be available to all Ukrainian users on their personal computers, but in the nearest future the service will also be accessible on new smart-TV sets and also on HD-players and mobile devices.
The video service will provide access free of charge as well as on subscription.
Media Group Ukraine is a media holding created in 2010. It includes Ukraine national TV channel, Football and Football + sports channels, Donbass regional TV channel, Media Partnership sale-house channel, Tele Pro production company and Digital Screens company.
System Capital Management owns 99.999% of the company's shares.