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VEON Launches KINOM Digital Entertainment Platform in Uzbekistan

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VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) has launched KINOM, a digital entertainment platform in Uzbekistan. KINOM offers over 130 channels of linear TV, on-demand films, and TV series, accessible to all mobile users in the country. The platform supports Full HD streaming on various devices and focuses on local language content.

KINOM is part of VEON's DO1440 strategy, which aims to provide digital experiences throughout the day. It joins VEON's portfolio of successful digital entertainment platforms, including Tamasha in Pakistan (18 million monthly active users) and Toffee in Bangladesh (12.3 million MAUs). As of June 2024, VEON reported 110 million monthly active users of its digital services, with direct revenues from these services representing over 10% of VEON Group's total revenues in the first half of 2024.

VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) ha lanciato KINOM, una piattaforma di intrattenimento digitale in Uzbekistan. KINOM offre oltre 130 canali di TV lineare, film on-demand e serie TV, accessibili a tutti gli utenti mobili nel paese. La piattaforma supporta streaming in Full HD su vari dispositivi e si concentra su contenuti in lingua locale.

KINOM fa parte della strategia DO1440 di VEON, che mira a fornire esperienze digitali durante tutto il giorno. Si unisce al portfolio di VEON di piattaforme di intrattenimento digitale di successo, tra cui Tamasha in Pakistan (18 milioni di utenti attivi mensili) e Toffee in Bangladesh (12,3 milioni di MAU). A partire da giugno 2024, VEON ha riportato 110 milioni di utenti attivi mensili dei suoi servizi digitali, con entrate dirette da questi servizi che rappresentano oltre il 10% delle entrate totali del Gruppo VEON nella prima metà del 2024.

VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) ha lanzado KINOM, una plataforma de entretenimiento digital en Uzbekistán. KINOM ofrece más de 130 canales de televisión lineal, películas bajo demanda y series de TV, accesibles para todos los usuarios móviles en el país. La plataforma soporta streaming en Full HD en varios dispositivos y se enfoca en contenido en idioma local.

KINOM es parte de la estrategia DO1440 de VEON, que busca proporcionar experiencias digitales a lo largo del día. Se une al portafolio de plataformas de entretenimiento digital exitosas de VEON, que incluye Tamasha en Pakistán (18 millones de usuarios activos mensuales) y Toffee en Bangladés (12.3 millones de MAUs). A partir de junio de 2024, VEON reportó 110 millones de usuarios activos mensuales de sus servicios digitales, con ingresos directos de estos servicios que representan más del 10% de los ingresos totales del Grupo VEON en la primera mitad de 2024.

VEON (Nasdaq: VEON, Euronext Amsterdam: VEON)이 KINOM을 출시했습니다. 이는 우즈베키스탄의 디지털 엔터테인먼트 플랫폼입니다. KINOM은 130개 이상의 선형 TV 채널, 주문형 영화 및 TV 시리즈를 제공하며, 국가 내의 모든 모바일 사용자들이 접근할 수 있습니다. 이 플랫폼은 다양한 장치에서 풀 HD 스트리밍을 지원하며, 현지 언어 콘텐츠에 중점을 두고 있습니다.

KINOM은 VEON의 DO1440 전략의 일환으로, 하루 종일 디지털 경험을 제공하는 것을 목표로 합니다. 이는 VEON의 성공적인 디지털 엔터테인먼트 플랫폼 포트폴리오에 포함되며, 여기에는 파키스탄의 Tamasha (매달 1,800만 사용자) 및 방글라데시의 Toffee (1,230만 MAU)가 포함됩니다. 2024년 6월 기준으로, VEON은 1억 1천만 명의 월간 활성 사용자를 보유한 디지털 서비스들을 보고하였으며, 이 서비스들에서 발생한 직접 수익은 2024년 상반기 VEON 그룹 총 수익의 10% 이상을 차지했습니다.

VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) a lancé KINOM, une plateforme de divertissement numérique en Ouzbékistan. KINOM propose plus de 130 chaînes de télévision linéaire, des films à la demande et des séries télévisées, accessibles à tous les utilisateurs mobiles du pays. La plateforme supporte le streaming en Full HD sur divers appareils et se concentre sur le contenu en langue locale.

KINOM fait partie de la stratégie DO1440 de VEON, qui vise à offrir des expériences numériques tout au long de la journée. Elle s'ajoute au portefeuille de plateformes de divertissement numérique réussies de VEON, y compris Tamasha au Pakistan (18 millions d'utilisateurs actifs mensuels) et Toffee au Bangladesh (12,3 millions de MAU). En juin 2024, VEON a rapporté 110 millions d'utilisateurs actifs mensuels de ses services numériques, les revenus directs de ces services représentant plus de 10 % des revenus totaux du groupe VEON au cours de la première moitié de 2024.

VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) hat KINOM gestartet, eine digitale Unterhaltungsplattform in Usbekistan. KINOM bietet über 130 Kanäle für lineares TV, On-Demand-Filme und TV-Serien, die für alle mobilen Nutzer im Land zugänglich sind. Die Plattform unterstützt Full HD-Streaming auf verschiedenen Geräten und konzentriert sich auf Inhalte in der Landessprache.

KINOM ist Teil der DO1440-Strategie von VEON, die darauf abzielt, den Nutzern den ganzen Tag über digitale Erlebnisse zu bieten. Die Plattform ergänzt das Portfolio erfolgreicher digitaler Unterhaltungsplattformen von VEON, darunter Tamasha in Pakistan (18 Millionen monatlich aktive Nutzer) und Toffee in Bangladesch (12,3 Millionen MAUs). Stand Juni 2024 berichtete VEON von 110 Millionen monatlich aktiven Nutzern seiner digitalen Dienste, wobei die direkten Einnahmen aus diesen Diensten über 10 % des Gesamteinkommens der VEON-Gruppe in der ersten Hälfte des Jahres 2024 ausmachten.

Positive
  • Launch of KINOM digital entertainment platform in Uzbekistan
  • KINOM offers over 130 channels of linear TV and on-demand content
  • Platform supports Full HD streaming on multiple devices
  • Focus on local language content supports national content creators
  • VEON reported 110 million monthly active users of digital services as of June 2024
  • Digital services represented over 10% of VEON Group's total revenues in H1 2024
Negative
  • None.

Insights

The launch of KINOM in Uzbekistan represents a strategic move by VEON to expand its digital entertainment footprint. This platform aligns with the company's DO1440 strategy, aiming to provide digital services throughout the day. Key features include:

  • Over 130 linear TV channels and on-demand content
  • Focus on local Uzbek language content
  • Compatibility with multiple devices
  • Full HD streaming capability

While this launch is a positive step for VEON's digital portfolio, its immediate financial impact may be The success of similar platforms in Pakistan (Tamasha) and Bangladesh (Toffee) with 18 million and 12.3 million monthly active users respectively, suggests potential for growth. However, Uzbekistan's smaller market size may temper expectations for rapid scaling.

VEON reported 110 million monthly active users across its digital services as of June 2024, with digital services contributing 10% to total revenues in H1 2024. This launch could incrementally boost these figures, but investors should monitor user adoption rates and revenue contribution in future quarters to gauge KINOM's success.

Amsterdam and Tashkent, 9 October 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, is pleased to officially launch the digital entertainment platform KINOM in Uzbekistan. With a content offering of more than 130 channels of linear TV, as well as on-demand films and TV series, KINOM will be accessible for all mobile users in the country.

Developed locally in Uzbekistan, KINOM is the latest addition to VEON’s DO1440 offerings, which seeks to serve customers with digital experiences 1440 minutes of a day. Kinom delivers Full HD streaming on Apple and Android smartphones, on Smart TVs or computers. The platform focuses on local language content with a wide selection of films and programmes in Uzbek, ensuring greater relevance for consumers and supporting national content creators.

“We are proud to contribute to the digitalization of Uzbekistan – not only through Beeline’s expansion of 4G to every corner of the country, but also with our digital services spanning from entertainment and fintech to enterprise and adtech. KINOM expands our digital portfolio, providing accessible national language entertainment and a best-in-class digital experience, while also supporting the growth of local creative industries,” states Kaan Terzioglu, CEO of VEON Group.

KINOM joins VEON’s portfolio of digital entertainment platforms, an important part of VEON’s DO1440 strategy, alongside the highly successful Tamasha in Pakistan, which has 18 million monthly active users (MAUs), and Toffee in Bangladesh with 12.3 million MAUs. VEON reported 110 million monthly active users of its digital services as of June 2024. In the first half of 2024, direct revenues from digital services represented more than 10% of VEON Group’s total revenues.

About VEON
VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. Headquartered in Amsterdam, VEON is listed on Nasdaq and Euronext. For more information visit: www.veon.com

Contact Information 

VEON  
Hande Asik
Group Director of Communications  
pr@veon.com

MHP Group
Julian Tanner
Julian.tanner@mhpgroup.com



FAQ

What is KINOM and where has it been launched?

KINOM is a digital entertainment platform launched by VEON in Uzbekistan. It offers over 130 channels of linear TV, on-demand films, and TV series, accessible to all mobile users in the country.

How does KINOM fit into VEON's strategy?

KINOM is part of VEON's DO1440 strategy, which aims to provide digital experiences throughout the day. It joins VEON's portfolio of digital entertainment platforms, contributing to the company's digital service offerings.

What are the key features of VEON's KINOM platform?

KINOM offers Full HD streaming on Apple and Android smartphones, Smart TVs, and computers. It focuses on local language content with a wide selection of films and programs in Uzbek, supporting national content creators.

How many monthly active users does VEON have for its digital services?

As of June 2024, VEON reported 110 million monthly active users of its digital services across its various platforms.

What percentage of VEON's revenue comes from digital services?

In the first half of 2024, direct revenues from digital services represented more than 10% of VEON Group's total revenues.

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