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But the main point from my perspective is that even if this whole thing goes bust and Ricky loses all his money, why should that be our concern? If he’s willing to take the risk and throw all his money into fulfilling his dream of making a difference in the HK television industry, that’s his prerogative - I don’t see why people (not you necessarily but people in general) need to be concerned about whether he’s getting in over his head or whether he will succeed or fail. The way I see it – let him do what he wants to do as long as he’s not breaking any laws and if it fails, then it’s on him….what’s the point of bashing him and everyone associated with him and his company just because he’s trying to do something That’s a valid point and it’s very possible that this could end up being the ‘venture’ that breaks his pocket book. I mean, honestly, it’s not like he’s committing a crime or something – sure, some of us may feel that he’s taking a huge risk by investing so much money in something that he may not get a whole lot of ROI for…but, it’s Ricky’s own money, so why should we care? Hey, if Ricky wants to take all his own hard-earned money and throw it in the ocean, who are we to say he can’t or shouldn’t do it? Sorry, but throughout this whole licensing issue thing, I’ve never understood the whole “he’s going to fail because there won’t be enough advertising” argument and why that should be the determining factor for why he shouldn’t even be given the chance to pursue his business venture. Personally, I don’t understand all the ‘hate’ towards Ricky Wong and HKTV. The guy is very smart and most importantly, he has a very very strong drive to succeed, which is one reason why he’s been able to hold up this long and rebound so quickly each time. Read through his bio and you’ll see how he’s able to seize on certain opportunities and find a way to generate income, even if the situation looks dismal.

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HKTV may be operating at a loss at the moment, but one thing is for sure – Ricky Wong absolutely knows how to make money. Ricky plans to add 800 to 1,000 more employees in the next two years to accommodate for increase in productions. HKTV will offer approximately 260 hours of drama content in 2014 and 520 hours in 2015. The networks will be so stable that even rural areas will be able to receive signals.

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During a press conference, Ricky Wong (王維基) said, “This is a misunderstanding, the company is only a subsidiary to only provide TV service it has nothing to do with the mobile phone services.”Ĭonsumers will only have to purchase a receiver for no more than $700 HKD in order to receive the Internet programming offered by HKTV, as normal online connections are too choppy to watch broadcast content. To aid its Internet broadcasting strategy, HKTV forked out approximately $142 million to acquire China Mobile Hong Kong Corporation Ltd. To support its new Internet strategy, HKTV announced that they will reorganize their management and rehire the 320 employees originally laid off. Most content will be available free, with the exception of some video-on-demand services. This service will comprise of three to five channels, including a Cantonese channel, as well as a 24-hour news channel. The new platform will allow consumers to have access to multimedia content through their smartphones, tablets, personal computers and smart TVs. HKTV’s OTT system will be highly user friendly. Similar to over-the-top (OTT) content provided by Netflix and Hulu, HKTV’s Internet channels will commence in July 2014.

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After their failure to obtain a free-to-air license from the Hong Kong government, HKTV announced that they will broadcast on the Internet instead.

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