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PPS.TV Gives '09 Revenue Break Down
Shanghai-based peer-to-peer streaming media provider PPS.TV recorded a 500% year-on-year rise in September revenue, mainly due to increasing ad revenue, reports Sina quoting company President Xu Weifeng on October 2. Ad revenue is expected to make up about 70% of PPS.TV's total revenue in 2009, while other earnings will come from game company partnerships and copyright licensing, said Xu. PPS.TV aims to break even in 2009 but may record a slight full year loss, said Xu.
Reports in mid-June said that PPS.TV expected revenue of RMB 70 million to RMB 80 million this year.
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