HTC to close movie services in eight markets

2013/05/05 12:50:48

Taipei, May 5 (CNA) Taiwanese smartphone maker HTC Corp. confirmed Saturday that it will streamline the availability of its streaming movie and TV services by the end of this month to focus on markets with higher traffic.

This decision means that HTC's customers in Italy, Spain, Sweden, Denmark, Norway, Netherlands, New Zealand and Japan will no longer be able to access HTC Watch services after May 31, the Taoyuan-based company told CNA in an email.

"As we continue to deliver new content for HTC Watch, we've made the decision to focus our efforts on markets with the highest engagement," HTC said.

Launched in April 2011, HTC Watch allows users to download movies over Wi-Fi wireless connections to as many as five HTC Watch-enabled devices.

The services were introduced after HTC made a US$40 million investment in U.S.-based cloud gaming service provider OnLive Inc. in February 2011, in a move to provide more digital content to its smartphones and tablets.

In August last year, however, HTC announced it had to book an investment loss of US$40 million in OnLive, which applied for asset restructuring at that time due to a "lack of operating cash and an inability to raise new capital."

(By Jeffrey Wu)
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