On November 9, 2018, “Viibar” a graduate of Open Network Lab’s 7th Seed Accelerator Program announced its capital and business alliance agreement with Nippon Television.
So far, Viibar has provided various marketing and media solutions for corporations and its media partners. Specifically, Viibar’s services have generated strong synergies with television networks. The company intends to further strengthen its video production/media business, as the services of television networks and video media become increasingly intertwined, and as innovations such as 5G, facilitate further adoption of consumer video streaming.
Through this comprehensive business alliance, which covers areas such as advertising and content businesses, both parties plan on engaging in new business development activities, by leveraging each other’s user base, brand, know-how, network etc.