BRIEF SUMMARY PT MNC VISION NETWORKS TBK
PT MNC Vision Networks Tbk or MVN, being part of the media business within MNC Group, went public in July 2019. It has the largest pay TV, broadband and OTT network operations through MNC Vision, K Vision, MNC Play and VISION+.
MNC Vision, was partly acquired in 2001 under the brand Indovision and became a wholly-owned subsidiary in 2006. It provides the largest Direct to Home or DTH-based pay-TV service that dominates more than 90% market share for the post-paid service with more than 2 million subscribers. MNC Vision has its own satellite launched in 2009 called Indostar II with S-Band technology, which is resistant to weather disturbance in a tropical climates. It offers more than 128 channels with various genres, of which 30 channels are exclusive on MNC Vision.
In July 2019, MVN acquired K-Vision, DTH-based pay-TV service with an Indonesian footprint that serves middle-income households with a prepaid business model. Today, K-Vision has the fastest-growing subscriber acquisition with a total subscriber base of more than 8 million, making it the largest prepaid DTH Company. It sells set-top boxes along with top up vouchers consisting of channels with various prices.
In 2014, MVN started its fixed broadband business by rolling out Fiber to the Home (FTTH) technology which offers high-speed internet and IPTV services, under the name MNC Play. Currently, it is the third-largest broadband company operating in 9 cities with 1.5 million home pass and 300,000 subscribers.
Apart from having its own network, MNC Play also has partnerships with various network providers to lease their excess capacity including Icon+, the state-owned electricity subsidiary: PLN, to provide high-speed internet and IPTV services. MNC Play offers 180 channels with more than 50 premium channels in HD quality. It offers catch-up TV feature to watch up to 7 days back and time shift feature to Pause, Play, and Rewind, at no additional cost.
MVN launched its new product called PlayBox in May 2020, an android OTT box that only sells video services in areas where MNC Play does not own its own network. This allows IPTV to access untapped other broadband internet users in Indonesia. Playbox’s user can have access to all IPTV pay channels, content library, various applications, and all the national FTA Channels in Indonesia, including the 4 FTA Channels of MNC Media, RCTI, MNCTV, GTV and iNews which dominates more than 50% national audience share. Being the strongest in content, MVN believes this new product will do very well in the market.
To strengthen the Company’s presence in tier 2 and tier 3 cities, MVN has formed a dedicated business unit to partner with local cable operators in some provinces in the country. The combined local cable operator subscribers in Indonesia are estimated to reach 8-9 million households. The Company sees this as an opportunity to grow MVN subscribers’ base by licensing its content. In the next 2-3 years, MVN is targeting to add a 3 million subscriber base from LCO partnership.
The last platform under MVN is VISION+, which is an Over-The-Top or OTT-based video streaming platform that offers 15-20 hours of high-quality original production every month, more than 15,000 hours of video-on-demand in medium and long formats from various genres, and 110 linear channels with catch up TV and time shift features. Out of these channels, Vision+ offers many international premium channels and all the national free-to-air TV, some of them are exclusive on Vision+. Being the largest OTT in the country, Vision+ today has more than 50.3 million monthly active users with 2 million paid subscribers and 6.8 million registered users.
Vision Pictures, a wholly-owned business unit of IPTV produces content only for the needs of the Company. Vision Pictures produces 13 made-to-suit pay channels from various genres, which gained an average aggregate Pay TV audience share of 26%. Moreover, Vision Pictures also produces high-quality original VODs for the exclusive use of Vision+. Notable original production includes Twisted, Dua Alam, Ketawa Dimana Aja, Most Valuable Player, Disconnected, Skripsick, and Sumber Rezeki.
MNC Vision Networks, Redefining Entertainment.