Times India Buys MX Player
The popular video player MX Player app has been secured by Times Internet Limited (TIL) which is a part of Times india group, according to The ken. J2 Interactive is an Android developer that has been active since 2011. It has 13 apps, In the Google rankings, J2 Interactive apps appear in the top 100 in more than 10 countries. MX Player app is highly ranked in several countries and, with over 100 million installs, it is one of the most popular apps in the Android ecosystem.
Times Internet has a gigantic presence on web and app ecosystems in India. Times Internet is an Internet subsidiary of The Times of India Group, under which some of the largest websites in India.
Times' anticipation to get into the video streaming business sector is well known to all of us, and Netflix and Hotstar are becoming popular widely in india, this asset is expected to help Times Internet to get a hold in the profitable online streaming business that the company has been trying to break into
Seeing as there is probably going to be a major surge in this division in India with the entry of Jio TV late last year and other, Time’s asset is largely about bring in users in addition to the name of MX Player. This asset will be help Times Internet to launch its over-the-top (OTT) video service, which is slated to make debut in coming months. At present, the Mx player developers are trying OTT App on an alternate adaptation of MX Player.
MX Player has between 100 million to 500 million users on Android as listed by the Play Store. The Pro version with no ads comes with a $6 price in the U.S. also, Rs 370 in India. Yet, it is so far unclear that whether two alternatives of the app will continue to be provided on the Play Store. Sources- The internet