Shane McMahon Talks Up Launch of VOD Company in China

Former WWE executive Shane McMahon was featured in a recent article by the Hollywood Reporter, talking up his company's ambitious plans for growth in the next 2-3 years.

"You On Demand intends to be something akin to the Netflix of the Chinese market, and to that end, the company has signed a 20-year joint venture agreement with the Chinese broadcaster CCTV-6 and its pay-TV arm, China Home Cinema. The deal means the New York-based company can tout being embraced by a Chinese media giant, which McMahon hopes means that YOU On Demand is in the Chinese government's good graces as the first and only company to be licensed to operate a PPV service in all provinces in the country."

It's an ambitious plan, and at the moment, stock investors seem a little dubious. The company's stock price now trades at $2.32 per share, down from $7.50 in February. McMahon says that at a $50 million market cap, investors have undervalued his company, but he says he's used to pinning the skeptics...More?

source: hollywoodreporter.com