The move comes as the company has seen record highs of engagement for its platforms and embarks on plans for expansion. The announcement was made today by Video Solutions CEO Philipp Rotermund and Chairman Chris Sharp.
“Four years ago, we launched Watch4 with the expectation that AVOD would see a growth boon in the years to come. Of course, that assumption turned out to be somewhat of an understatement!,” said Rotermund. “Recent reports have projected that AVOD revenues will hit US$260bn by 2025. In jointly naming our two already successful AVOD services as wedotv, we will capitalise on our own substantial growth in this space as well as that of the industry as a whole.”
Video Solutions plans to expand outside its current markets with wedotv, including further major countries within Europe, Australia/New Zealand, Africa, and North America.
“The unified brand enables us to drive the business forward in our current markets and future territories,” said Sharp. “This year has been significant as we are consistently receiving 30m video starts a month. This can be attributed to our stronger-than-ever content line-up and our availability across more devices than ever before.”
wedotv is available on streaming devices like Roku, Apple TV, Samsung smart devices and Amazon Fire TV; smartphone platforms like Android and iOS; OTT providers like Netgem TV, Metrological; and directly on the web at www.wedotv.com. wedomovies is also offered as a FAST channel on Samsung TV Plus, LG Channels, Rakuten TV, Philips, TCL, rlaxx TV, waipu.tv, Netgem, Philips and Xiaomi.
wedotv launched in Germany, Austria and Switzerland as Watch4 in 2018. In 2019, the AVOD service expanded into the UK as W4Free.