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One thing’s for sure: Although Covid-19 has One Championship in a chokehold, the sports media company is refusing to tap out. Instead, it laid off 20% of its workforce and nabbed US$70 million in funding to extend its runway and live to fight another day.
But it seems One still has a move in its arsenal that it hasn’t used yet: a subscription or pay-per-view model. And it has us wondering, how much revenue can it possibly generate?
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Your quick bytes for today:
1️⃣ Ex-Hooq CEO joins JobStreet parent firm
Former CEO of video-streaming service Hooq, Peter Bithos, is now the new CEO at Seek Asia, the parent company of online job portals JobsDB and JobStreet. Earlier this year, Hooq filed for liquidation.
2️⃣ Facebook’s news service launching soon
The social media giant plans to expand its news service beyond the US to include India, the United Kingdom, Germany, France, and Brazil in the coming months. The service pays publishers for content and features original reporting from more than 200 outlets.
3️⃣ Apple store to open in India
The tech giant is set to open its first online store in India next month. Apple currently offers its devices in India through third-party stores like franchise partners and online platforms such as Amazon and Flipkart.
4️⃣ Oppo to launch a TikTok-like app
The Chinese smartphone giant is looking to launch a short-video app later this year. The news comes as TikTok, the most popular short video platform, is under fire and potentially facing a ban by the US government.
Muay-be it’s time for One Championship to charge for views
Getting Geek’d Up by TikTok’s monthly active users
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