China VOD Provider 'YOU On Demand' To Trade On NASDAQ

YOU On Demand NASDAQThe company name sounds a little creepy, but investors attracted to anything that has to do with China and entertainment may be glad to know that beginning tomorrow NASDAQ will carry shares of YOU On Demand, China’s top provider of pay-per-view and VOD services, under the ticker symbol “YOD.”  It currently offers films from Disney, Warner Bros, Lionsgate, and Miramax.  Before you call in your “buy” order, you should know that the company’s still in its investment phase and lost $4.2M in Q1 — an increase from its $2.6M loss in the period last year — on revenues of about $2M, up 20%. This month CEO Shane McMahon loaned the company $3M. Company shares have lost nearly 40% of their value over the last 12 months in over the counter trading. These and other factors “raise substantial doubt about the Company’s ability to continue as a going concern,” YOU On Demand says in its latest (more…)

This article was printed from https://deadline.com/2012/05/china-vod-provider-you-on-demand-to-trade-on-nasdaq-279029/