MolQ Entertainment: Revolutionizing Online Streaming Media Experiences
“We are bringing new impactful content to our subscribers,” says Ms. Klein, CEO and Founder of the company. “Unlike other online streaming platforms, we aim to bring a wide variety of independent films, original movies, documentaries, original series, and TV networks which are state of the art in terms of the narrative, cinematography, performances, something that our subscribers globally would love to watch. Team MolQ believes in the idea of ‘what challenges you, changes you,’ and the content it brings reflects this purpose. “We are confident that our content will strike the right chord with our global audience,” she adds.
A Wide Variety of Offerings
MolQ Entertainment’s application platform comprises two offerings, MolQ Films, and MolQ TV. MolQ Films is the digital streaming service aimed at cable cord-cutters who expect more content available through all of their smart devices (including smart TVs) at a lower subscription price. While MolQ Films is set for a global release, the North America region (the US and Canada) will also witness the release of MolQ TV through the app platform. The company combines the best of the Netflix model (without the cash burn of expensive content) and the TV networks streaming app model in one platform, so viewers have more choice to watch quality content than ever before. Importantly, the audience in the EU, India, UK can have seamless access to the content produced in the U.S.
“At the core, MolQ Entertainment envisions delivering experiences, not just content,” says Mandy Ward, MolQ Entertainment’s new Chief Content Officer. In this pursuit, the company conducted primary research and due diligence to understand the specific preferences of the target audience in different global regions. The company also plans to launch MolQ Studios, which is dedicated to helping filmmakers create original programming and cement their relationship with their audience.
While other streaming services act as one-way traffic, MolQ Films separates itself by being the voice of the content creator and the consumer. The company has come up with a unique strategy that focuses on creating an interactive online community where content creators, filmmakers, and viewers can communicate and collaborate with each other seamlessly.
A Combination of Strategy, Team Effort, and Flexibility
The company has entered into strategic content distribution partnerships with global companies across the US, Canada, India, and the European Union (EU). Over the next two years. MolQ Films and MolQ TV will be launched in front of 70 million potential subscribers in the EU, UK, U.S. India and Canada. The company plans to introduce MolQ in the EU and UK in 4Q 2020 before launching it in North America and India in 2021.
MolQ Entertainment is a member of the RDK Software Community, the joint venture of Comcast, Liberty Global and Charter Spectrum and is a licensee of the technology solution built by the community. The solution is integrated into the platforms of Comcast and Charter and all of their affiliates as well, which has helped MolQ Entertainment to establish distribution agreements with cable operators globally. The company has chosen Verizon Digital Media as their content delivery network (CDN) provider to stream MolQ’s content to their global audience.
Ms. Klein attributes the company’s steady progress to her strong and talented team. Mandy Ward, MolQ Entertainment’s new Chief Content Officer, Founder of New York City’s “First Time Fest” film festival and leading producer of award winning hit films, leads the content team. Ms. Ward will manage global film studio partnerships and in addition, oversee MolQ Films original content. The company is bringing on their new CTO and cyber security expert to ensure the security of its global streaming services, content and subscribers.
“The credit of our robust development also goes to our independent and agile business strategy,” says Ms. Klein. “Unlike other large streaming media companies, who are constrained by their complex corporate structure and pricing policies, we face no such issues. This flexibility allows MolQ to collaborate with online streaming giants such as Netflix and Amazon Prime, and to partner on new content and achieve greater outcomes. As the online streaming market is expected to grow from $36 billion to $345 billion in the next five years, Ms. Klein—one of the few women CEOs running a global streaming entertainment company—is leading MolQ Entertainment to tap content opportunities and redefine online entertainment.