TVB Pay Vision names SVP

Hong Kong - TVB Pay Vision, the subscription TV arm of TVB, has hired Lam Kwai-hing to fill a newly created position of senior vice president. 

Lam previously worked at Cable TV as product development & marketing controller. He joined TVB Pay Vision last week.

The news follows an incorrect report that TVB Pay Vision's chief executive was leaving the group.

According to TVB's 2007 annual report, revenue from overseas satellite pay TV operations and the supply of the eight channels to TVBPV fell from slightly more than HK$1 billion to HK$965 million, representing a decrease of approximately 6%.

TVBPY is majority owned by SEE Corporation with a 49% share and Gemstone Pacific with 20%. TVB holds 29% of the total shares, of which 15% are voting shares. TVBPY obtained its broadcasting license in 2000.