iflix to launch video streaming service in South-east Asia this year

Singapore

IFLIX, a new video-on-demand platform tipped to be Asia's answer to the American Netflix and a contender to Singtel's recently-announced Hooq, is set to launch in South-east Asia this year. To boot, an initial public offering - reportedly on the Nasdaq within the next two years - is on the cards, BT has learnt.

Founded by Patrick Grove, the Singapore-born chief executive of investment firm Catcha Group, and Evolution Media Capital - an investment bank focused on the media, sports, and entertainment industries - iflix is a subscription service offering premium television and film content from Hollywood and Asian studios.