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Louisa Chiew · · 3 min read

Find out how Patrick Grove plans to conquer video streaming with iflix at TIA SG 2016

patrick

Ready to meet the man with the golden touch? Patrick Grove, CEO of Catcha Group, is doing a fireside chat at Tech in Asia Singapore 2016. Patrick has been making splashes in Asia’s tech scene for years and last November pulled off his most successful deal yet – selling iProperty for US$534 million. Fresh off one of the largest buyouts of a Southeast Asia tech company in history, he is only picking up speed. Next on the list? Conquering the digital video market with iflix.

How can the young startup conquer a billion-dollar industry in emerging markets? Patrick will be on hand to answer all these questions and more at Tech in Asia Singapore 2016. Pro-tip: Patrick’s Ask Me Anything session was by far one of the most popular we’ve had so you better grab seats early for his main stage fireside chat.

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First launched in May 2015, iflix is a digital video streaming site with a focus on mobile. Targeted at emerging markets, it currently has operations in Malaysia, Philippines, and Thailand. The Malaysia-based startup boasts a growing library with over 10,000 hours of global and localized content, accessible via mobile devices with subscription rates as low as RM 7 (US$1.59) a month – comparable to the price of pirated CDs.

Its low fees aren’t the only bait for consumers in emerging markets to jump on board. A key feature of iflix is allowing consumers to download shows for offline viewing – a game changer in countries with intermittent internet access.

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With plans to expand to Indonesia and Vietnam, iflix is a fascinating company poised for big things. Competition is heating up though, with US-based juggernaut Netflix’s recent foray into 130 countries, and Singapore-based telco Singtel’s Hooq joining forces with Sony and Warner Bros. The party is getting crowded, but the on-demand entertainment industry is projected to hit USD$4.6 billion by 2020 in revenue within Asia alone. That is quadruple the amount recorded for 2014.

We can expect an intense showdown in the war for Southeast Asia’s eyeballs – not just from players like iflix, but traditional broadcasters and cable operators looking to defend their share of the market. They will be facing a tough battle. As Patrick’s track record shows, iflix could be a force to be reckoned with.

Don’t miss hearing from the man himself on how the company plans to outfox the tough competition, while breaking down the media landscape to make sense of what’s coming up in the year ahead. He might even dish out some tried and tested tips on taking a business through to exit – rare gems of advice every entrepreneur (and investor) needs to hear.

Get your tickets to Tech in Asia Singapore 2016 happening on April 12 and 13 today to hear from Patrick Grove. Save 20 percent off all passes when you get them before January 28 (code: tiasg20)!

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Editing by David Corbin, Terence Lee and Erik Crouch

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Community Writer

Louisa Chiew

Hello! Louisa is a product manager at Tech in Asia. She like the outdoors, productivity apps, and random pieces of trivia. Not so much describing herself in third person.