Migo (company)
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| Company type | Private |
|---|---|
| Industry | Technology, Media, Telecommunications; Retail; Digital Consumer Goods |
| Founder | Barrett Comiskey |
| Headquarters | Taipei, Taiwan & Jakarta, Indonesia |
Area served | Indonesia |
| Services | Offline Content Delivery |
Number of employees | 200+ |
Migo (Traditional Chinese: 熱鬧點) is a technology company that "provides affordable data services for emerging markets". Its content delivery network distributes digital products and services to mass market consumers at the local corner store through Migo Download Stations (MDS).[1] [2]
As of May 2022, Migo had 1,400 MDS in Indonesia covering an estimated population of 25 million Indonesians. Migo aims to grow 10 times and cover up to 100 million people in Java, the world's most populous island, and launch in the Philippines by end of 2022.[3]
Migo was founded by Barrett Comiskey[4] who was inducted into the National Inventors Hall of Fame in 2016 for inventing electronic ink and co-founding the E Ink Corporation.[5] Electronic ink is the technology used in the display of e-readers such as the Amazon Kindle. [6]
Migo launched in Indonesia in June 2020.[7] It has existing partnerships for Entertainment content, Education content and Distribution: [8][9][10][11][12][13]
- For Entertainment content: GoPlay (the streaming service owned by Indonesian decacorn Gojek),[14] Genflix (one of the first OTTs to launch in Indonesia), Vision+ (MNC's premium OTT), MD Pictures, Starvision, Sushiroll, SBS, JTBC, KBS Media, CJ ENM, Lionsgate[3]
- For Education content: EdTech providers such as Zenius and Sekolahmu and government bodies like the Ministry of Education and Research and Technology (Kemendikbud)
- For Distribution: Sampoerna Retail Community
In September 2021, Indonesian media conglomerate MNC Group, through its subsidiary MNC Vision Networks, invested $40M in Migo Indonesia to accelerate Migo Indonesia's rollout. [15]
In May 2022, Migo announced it had acquired its millionth customer. [16]
Until February 2023, Migo ran its R&D, Engineering and Supply Chain center in Taipei, with its Indonesian commercial operations based in Jakarta. Migo also has a support center in Manila.[1]
Investors
[edit]Migo is backed by sovereign wealth fund Temasek, YouTube's co-founder and former CTO Steve Chen,[17] Founder of Farallon Capital Management's Asian business Raymond Zage, Indonesia Stock Exchange commissioner Pandu Sjahrir, Provident Capital, members from the family of Hysan Development in Hong Kong, Vickers Venture Partners, and Singaporean businessman Koh Boon Hwee.[7]
References
[edit]- ^ a b "Migo Website".
- ^ "Migo provides affordable data services for emerging markets". DIGITIMES. Retrieved 2022-01-13.
- ^ a b "Migo adds "The Hunger Games", "Twilight" to low-cost Asia platform in new distribution deal with Lionsgate Play Indonesia".
- ^ "Barrett Comiskey, LinkedIn".
- ^ "Interview with Barrett Comiskey, father of electronic ink: "Our objective was to give life to the surfaces around us". May 2016.
- ^ "Amazon Media Room: Press Releases". 2014-10-04. Archived from the original on 2014-10-04. Retrieved 2021-07-30.
- ^ a b "Video app Migo raises capital from YouTube co-founder, Gojek commissioners". KrASIA. 2020-09-07. Retrieved 2021-07-30.
- ^ "Migo Indonesia dan IPTV Bergabung untuk Hadirkan Hiburan Premium dengan Harga Terjangkau". IDX Channel.
- ^ "Migo picks up Starvision titles for low-cost no-data-required Indonesian streaming service". ContentAsia.
- ^ "Migo, Sushiroll tie up on anime offline streaming deal for Indonesia". ContentAsia.
- ^ "Migo scoops up Korean hits of yesteryear for Indonesia budget streamer". ContentAsia.
- ^ "Migo boosts movie slate in new deals; low-cost Indonesian streamer adds local, international titles". ContentAsia.
- ^ "Season 2 Edpisod 40, Indo Tekno podcast". Indo Tekno. Retrieved 2021-10-14.
- ^ Ruehl, Mercedes. "Indonesia slashes online piracy as streaming services pile in". Financial Times.
- ^ "Indonesian conglomerate MNC Group invests $40m in Migo's local unit". DealStreetAsia. Retrieved 2021-09-28.
- ^ "Migo Announces Acquiring Over 1 Million Customers, Network Now Covers More Than 20 Million Indonesians". Benzinga.com. 2022-05-31.
- ^ Ruehl, Mercedes. "Do US sanctions spell 'death' of Huawei?". Financial Times.