PCCW (SEHK: 0008) – HONG KONG, August 12, 2016 – PCCW Media has collaborated with STX Entertainment to bring more premium content to viewers in Hong Kong, South East Asia and India.

PCCW has acquired an equity interest in US-based STX Entertainment, a fully integrated, diversified, global media company designed from inception to unlock value from the 21^st century’s changed media landscape. STX specializes in the development, production, marketing and distribution of talent-driven films, television, and digital media content, with a unique ability to maximize the impact of content across worldwide, multiplatform distribution channels. STX Entertainment is led by Mr. Robert Simonds, one of Hollywood’s most prolific and profitable film producers and entrepreneurs, and co-founded by Mr. Bill McGlashan, Managing Partner of TPG Growth.

In connection with the investment, PCCW has signed an overseas content distribution agreement with STX Entertainment to bring original and first-run Hollywood content, including recent US hit “Bad Moms” starring Mila Kunis, as well as co-produce regionally tailored programmes for PCCW to distribute across its pay-TV and OTT services in Hong Kong, Southeast Asia and India further strengthening its content offerings of its OTT and pay-TV businesses.

Ms. Janice Lee, Managing Director of PCCW Media Group, said, “The new alliance represents an important milestone in expanding PCCW’s strategic investments into compelling content creation, not only for audience in Hong Kong but also for international audiences in markets which we operate. Furthermore, STX’s wide release of films and scripted television series can also be distributed across PCCW’s pay-TV and OTT platforms, thus bringing the best content to viewers in Hong Kong and in the region.”

The transaction does not constitute a notifiable transaction of PCCW Limited under Chapter 14 of the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange.

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