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iQIYI Q2 2019 results highlight challenging advertising environment in ChinaAugust 22, 2019iQIYI reported a 15% increase in revenues for the quarter ended 30 June, totaled RMB 7.1 billion (USD 1 billion). • Membership services grew 38% to RMB 3.4 billion (USD 479 million) • Online advertising services dropped 16% to RMB 2.2 billion (USD 310 million) • Content distribution was down 4% to RMB 0.5 billion (USD 70 million) • Others category grew 82% to RMB 1 billion (USD 141 million) The company attributed the continued overall revenue growth to the solid subscription growth; while admitted that the challenging macroeconomic conditions and delayed content launches had slowed online advertising and content distribution revenue growth. “Others” revenues benefitted from the company’s acquisition of game company Skymoons.
Netflix acquires worldwide rights to second Youku TV seriesMay 15, 2019Netflix has acquired a second original series from Chinese streaming platform Youku. I Hear You, produced and owned jointly by Alibaba-owned Youku and Chinese film studio Sugarent Film & TV, will be made available by Netflix to subscribers in all 190 markets today (15 May). In China, the 24-episode romantic comedy was premiered simultaneously on streaming platforms Youku and Mango TV on 28 January 2019. Netflix acquired Day and Night in 2017.
China media watchdog continues to tighten control over foreign contentOctober 05, 2018The National Administration of TV and Radio (NATR), the newly formed Chinese media regulator, has published a draft discussion of the Provisions on Administration of Import and Broadcasting of Overseas Audio-Visual Programs. The provisions will aim to regulate the distribution of foreign content, including movies, TV shows, animation and documentaries. Media industry players were invited to comment on the draft until 19 October 2018.
Video-streaming platform Huya files for IPO in the USMay 21, 2018Huya has successfully completed an IPO on the New York Stock Exchange, raising $180 million. This comes after the company received a round of investment totaling $462 million, led by Tencent, just back in March 2018.
Channel 4 joins European Broadcaster Exchange to take on global platformsNovember 16, 2017Channel 4 has announced its investment in European Broadcaster Exchange (EBX), a pan-European trading platform for digital video advertising founded by free-to-air broadcasters TF1 Group (France), ProsiebenSat.1 (Germany) and Mediaset (Italy and Spain). Headquartered in London, EBX will aggregate the video on-demand inventory of its participants and allow advertisers to run regional campaigns with programmatic purchasing. It is created with an objective to allow advertisers to tap into one single source for premium video inventory on a regional scale. Subject to European competition authorities’ clearance, the four partners will each take a 25 percent stake in the business.
Netflix jostles with local players in the crowded Australian VoD spaceMarch 04, 2015Netflix has announced that its service will be launched in Australia and New Zealand on 24 March 2015. Consumers can look forward to original content, local as well as foreign series and films available on smart televisions, set-top boxes, games consoles, tablets and smartphones.
Release dates coming together across the worldMarch 28, 2012 Subscribers Only
China and US reach new film trade dealFebruary 23, 2012China and US reach new film trade dealChina and US have reached a new trade agreement for films, opening up the Chinese market significantly to overseas films by allowing 14 additional Imax, 3D or animation...