Here is a press release by MediaCorpASEAN broadcasters forge SMART Alliance
Singapore, 24 March 2009 – A group of broadcasters has announced its commitment to form an alliance, called SMART Alliance, which hopes to create and deliver commercial benefits to its members.The six founding members – ABS-CBN (Philippines), BBTV (Thailand), International Media Corporation (Vietnam), Media Nusantara Citra (Indonesia), Media Prima (Malaysia) and MediaCorp (Singapore) – met at an inaugural meeting on 24 March 2009 in Singapore and inked a Memorandum Of Understanding pledging to work on 3 specific areas: (1) Content (2) Selling and Marketing (3) Technology.As a region, ASEAN alone presents a combined market size of more than half a billion eyeballs and a growing middle-class population with increasingly substantial spending powers. The alliance is well positioned to exploit economies of scale both as a supplier of coveted content as well as a buyer of technology and equipment. For advertisers and clients, the alliance grouping will be able to deliver marketing and promotional solutions on a regional platform.Mr Lucas Chow, MediaCorp CEO and Chairman of SMART Alliance Steering Committee says, “As a community of regional media companies, we believe there is scope for an alliance that is established and driven purely by commercial considerations and goals. Our hope is that we will be the Alliance of Choice of all media companies in the Asia Pacific within the next 3 years or so”.
Issued by Corporate Communications, MediaCorp
For more information, please contact:Clarence PongAssistant Vice President Corporate CommunicationsMediaCorp Pte LtdTel : (65) 6350 3343Fax : (65) 6251 5628E-mail :
clarencepong@mediacorp.com.sgAnnexT
The operation and management of SMART Alliance is directed by a Steering Committee consisting of:Chairman - Mr Lucas Chow, CEO, MediaCorp
MembersABS-CBN - Mr Eugenio L Lopez III, CEO
BBTV - Mr Khun Veraphan, Director
IMC - Mr Tim Lam, CEO
Media Prima - Mr Abdul Rahman Ahmad, CEO
MNC - Mr Hary Tanoesoedibjo, Group CEO
MediaCorp - Mr Chang Long Jong, Deputy CEO