KUALA LUMPUR: Film Wallet Premium Video-on-Demand has launched Malaysia's first online cinema service.
The Film Wallet Premium Video-On-Demand (Film Wallet PVOD) is an over-the-top (OTT) service created to revolutionise and elevate consumer's movie-going experience in a safer and a more comfortable environment.
It offers hundreds of on-demand content from the US, Hong Kong, China, Korea, Europe, and many other countries without the need to commit to any subscription package. Viewers only need to purchase the movie individually.
From as low as RM1.90, users will be able to watch a film and re-watch it within the given time period. This makes Film Wallet PVOD a more affordable and convenient option for users to catch movies in high definition anywhere, anytime.
Speaking at the launch event which was held at GSC's BIG Hall in Tropicana Gardens Mall, Film Wallet PVOD's founder and chief executive officer, Jack Yeoh, said that the establishment of Film Wallet PVOD was not just a solution for users to access their movies at their convenience without having to pay a monthly subscription, but also an initiative to boost the film industry in Malaysia.
"Film Wallet was formed during the rise of digital technology, to offer media consumption solutions to the everyday consumer. Our company was founded during the pandemic in 2020, a time where the world recorded the highest growth in digital transformation and technology, while everyone was forced to quarantine in their homes," he said.
"The entertainment industry specifically, suffered drastically from the pandemic, hence, my partners and I came up with the idea of a virtual/online cinema to revolutionise the user experience by creating a new trend for viewers who were previously fond of cinema.
"With Film Wallet PVOD, everyone can now watch the latest movies in HD quality, at affordable prices. At the same time, we are cultivating a vision to assist and revitalise the film industry in Malaysia, as we work towards becoming a new avenue for second window movies and expand our platform to Southeast Asian countries in stages," he said.
At the launching event, National Film Development Corporation Malaysia (Finas) CEO, Prof Dr Md Nasir Ibrahim, in his speech, said that the new platform will bring positive effect to the film industry ecosystem.
Apart from being an OTT service platform, Film Wallet PVOD has been working with locals as well as international film producers and distributors to produce exclusive contents.
At the press conference, Film Wallet PVOD also announced its international content collaboration with Celestial Tiger Entertainment from Hong Kong, allowing users to access exclusive action/thriller movies from around the world under its 'KIX' brand.
Users can expect more local and international distributors to be revealed in the following months to come, further increasing the number of exclusive content on the OTT platform.