Artivision: Strategic partner One Hand Edit Media (Beijing) Culture & Media Co in China has signed an agreement with Xunlei, the 3rd largest online video portal to provide Artivision’s proprietary AdVision technology, a non-intrusive in-video advertising solution, Xunlei’s online video content for three years until 22nd September 2014. This follows agreements signed with China Network Television, www.56.com (http://www.56.com) and Baomihua in Aug this year. Co expects a platform of potentially 21.7 and 21.3m daily views in 1Q and 2Q 2011.
Artivision has been posting losses and in most recent results, a net loss of $1.1m and a total net book value of $4.2m.
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