Two media businesses form a strategic joint venture powered by mutual interest
At a gathering of the global motorsport industry convened by Motorsport Network last weekend, the international technology and media business confirmed that it had formalised a hugely important new strategic joint venture with a major Chinese sports promotion, talent and media business, SECA Shanghai.
SECA is one of the fastest growing sports IP, entertainment and lifestyle management companies in China and is backed by China Media Capital.
Key to the joint venture between Motorsport Network and SECA is the intent to unify the digital and social reach across both businesses’ audiences. The programme will see a rich array of motorsport content including video, interviews, images and news published on SECA’s interactive mobile platform, ZhiboTV. In addition, Motorsport Network will be building a Weibo presence to augment its new access to the mobile platform with an indigenous social media channel. The joint venture will be reciprocated by Motorsport Network providing SECA with access to its 31 million monthly unique users serviced in 17 languages across multiple motorsport and automotive platforms.
For both SECA and Motorsport Network, the agreement reached at the weekend not only fortifies both organisations with increased reach and distribution in each other’s markets, but also provides the potential for both organisations to offer their clients scale exposure in growth markets.
James Allen, Motorsport Network’s President said, “The roll-out of Motorsport Network 2.0 continues apace and this latest partnership with SECA is one I have great pleasure announcing as I believe it will do so much for our joint interests. Edmund Chu and his team at SECA are world class, as they have demonstrated with their successes with Techeetah Formula E team, Davis Cup, Spartan Race and in football. There is so much potential for this partnership - our commercial brand partners in F1, Formula E, Le Mans, GT and other sectors will now have a route to a large and growing audience in China, while we look forward to helping Chinese brands and OEMs reach an audience of unrivalled scale and engagement via Motorsport.com and the Motor 1 platforms.”
For his part, Edmund Chu, the General Manager at SECA said, “We are very proud to announce our co-operation with Motorsport Network. It is a well-known brand that connects hundreds of millions of people who love racing and cars. For our part, SECA is one of the fastest growing sports IP, entertainment and lifestyle management companies in China. We believe the combined resources from both sides will help enlarge the motorsport audience in China, as well as moving the Chinese motorsports industry up to a new level.”