![]() ![]() Third, Indonesia’s cellular data speeds (ranked 118 th in the world), caused by mostly high-volume and low-value traffic, build the need for Migo’s service. Second, highly trafficked neighborhood retail locations such as small-scale grocery stores and warungs where the wargos are located have also experienced upward boosts as people limit their movement to essential activities. As social distancing persists, even in the new normal, video consumption on personal devices will continue to grow. Since then it has grown rapidly, assisted by COVID-19 trends.įirst, it is launching at a time of historic expansion in video-on-demand as screen time for adults with shuttered workplaces and children with closed schools has increased. Migo’s solution soft-launched in Indonesia in March and transitioned to a 100% paid service in June. Migo is a unique channel for any digital content provider seeking to reach the mass market, including its existing partners as well as global players such as Disney+, Netflix and HBO. ![]() As a result, they are mostly inaccessible to content aggregators and providers who distribute content over the Internet. They are almost without exception mobile-only and have no broadband at home. Migo’s target market is the data-restricted mass market segment, which is about 70% of the population. Comiskey has been working through the basic research and development of the solution, through commercialization, for ten years with his Taiwan-based product team, and with the support of early backers such as members from the founding family of Hysan Development and Temasek. ![]() Migo, with its software, hardware and retail content delivery network components, is similarly a major engineering and innovation effort. E Ink was developed for a decade and required $200 million in investments before taking off. Migo has the ambition and potential to be orders of magnitude larger and more disruptive. E Ink brought reading into the digital era and became a billion-dollar revenue company. Prior to launching Migo, Comiskey invented and co-founded E Ink, a unicorn which ultimately sold more than 100 million e-readers and set off the Kindle revolution. #Migo land 2 tvDeveloped by Founder and CEO, Barrett Comiskey, Migo allows users of the Migo app to download movies and TV shows from a wargo, which is a neighborhood location where customers can access Migo’s patented technology to download content extremely rapidly – a feature film takes just 1-2 minutes. #Migo land 2 OfflineIts first product is O2O (online-to-offline) videos-to-go that lets users watch offline with zero buffering. Similar to how DTH is an ex-urban TV replacement to Cable, Migo fits into the data distribution portfolio alongside 4G, 5G and Fiber – each of which has its own use case. Migo’s proprietary technology solution provides a complementary network in a healthy portfolio of emerging market assets with a focused use case: to deliver on demand video to low ARPU customers. The proceeds of the round will go to accelerating the rollout in this particularly favorable environment and delivering more gigabytes to data-starved consumers. Customers, on average across the total base, are also already visiting the wargo (warung Migo) to download 2 times per week. Key participants include Ray Zage, Commissioner at GoJek and Lippo Karawaci, and founding CEO of Farallon Capital Asia Steve Chen, Co-Founder and former Chief Technology Officer of YouTube Pandu Sjahrir, Commissioner at GoJek, Chairman of SEA Indonesia and Founder of Agaeti Ventures Provident Capital as well as existing investors including members from the founding family of Hysan Development in Hong Kong, Vickers Venture Partners, and Singaporean businessman Koh Boon Hwee.īecause Migo benefits from trends set by the COVID-19 pandemic, its 80-store network is already profitable well ahead of plan. JAKARTA, Septem– Migo today announced the close of a major funding round including highly-respected insiders from Jakarta and the region who can help Migo succeed in Indonesia. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |