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Chinese streaming platform iQiyi looks to raise $1.5 billion from IPO in the USMarch 05, 2018Chinese streaming service iQiyi last week filed a registration statement setting out plans to raise $1.5 billion from an IPO in the US. The company, funded by both advertising and subscription, was launched by main owner Baidu in 2010.
iQiyi to work with Baidu for more AI application partnerships in 2018November 17, 2017During its annual iJOY event in Shanghai, Baidu-owned online video service, iQiyi has revealed plans to release more than 200 shows in 2018 and to collaborate with its mother company Baidu on artificial intelligence (AI) applications to drive its business. iQiyi aims to be a top media company driven by both content and technology innovation. iQiyi was founded in April 2010 by Baidu and Providence Equity Partners. Baidu is the biggest shareholder of iQiyi, with 80.5% stake in the company. In September 2017, iQiyi announced its plan to file for an initial public offering (IPO) in the United States in 2018.
Netflix agrees deal with iQiyi to launch content in ChinaApril 27, 2017Netflix is licensing its original content to Baidu-owned streaming service iQiyi in China. The deal was first disclosed by Netflix at the Apos conference in Bali and was confirmed by iQiyi on 25 April. No further details, including a launch date, were disclosed.
Chinese online video market: on the verge of greatnessJuly 04, 2016China is witnessing a surge in the number of online video services as Chinese audiences gradually switch from TV to online for content consumption. Benefitting from the rapid adoption of smartphones and growing broadband penetration, the large base of online users makes internet an increasingly attractive medium for advertisers.Subscribers Only
China’s enforcement of its latest content regulations shakes foreign media companiesApril 27, 2016China has started implementing its latest content regulations, and big foreign companies are feeling the impact. DisneyLife, the on demand streaming service by Walt Disney and Chinese e-commerce giant Alibaba has gone offline not long after the suspension of Apple's iTunes Movies and iBooks stores in China. Both services had their services operated for less than a year in China, and become unavailable since April 2016.Subscribers Only
Sky invests USD 45million in iflix – Netflix’s rival in Southeast AsiaMarch 15, 2016Sky, one of the Europe’s largest media companies, is investing USD45m in Southeast Asian SVoD service iflix. Sky operates across the UK, Ireland, Germany, Austria and Italy via its DTH pay TV services and OTT platforms; NOW TV, Sky Online and Sky Go. Sky’s investment consists of the purchase of USD 2.5 million shares from existing investors which include Indonesian media company Emtek, as well as investment groups Catcha Group and Evolution Media Capital.
Chinese online video platforms continue securing exclusive contentFebruary 03, 2016Baidu’s subsidiary, iQiyi has signed an exclusive multi-year film output agreement with 20th Century Fox at the end of January 2016. Tencent also announced its deal with ESPN, where original and localised ESPN content will be available in Chinese language exclusively via Tencent’s QQ sports website.
Disney partners with Alibaba to launch DisneyLife in ChinaDecember 17, 2015The Walt Disney Company and the Alibaba Group have announced a multi-year licence agreement to launch DisneyLife, a new on-demand streaming service, in China. China will the second market for DisneyLife, after its exclusive launch in the UK in late November.Subscribers Only
Asian online video market intensifies as services revealed upcoming plans at the 2015 ATFDecember 05, 2015Asia TV Forum and Market (ATF) 2015 in Singapore was attended by international content sellers for traditional TV and digital distribution and Asian buyers. The conference’s focus was on content acquisition - industry players gathered to discuss acquisition of content across all genres and platforms, as well funding and co-production opportunities.
Alibaba’s Tmall Box Office is now available in ChinaSeptember 15, 2015Tmall Box Office (TBO), an online video service by Chinese ecommerce group Alibaba, has become available in a trial mode via Alibaba’s smart TVs and set-top-boxes after most recent software update. TBO is offering access to local and foreign content; it claims to have more than a thousand movies with hundreds of them being exclusive.Subscribers Only
Alibaba joins the Chinese online video battle by offering a new SVoD service in summer 2015June 23, 2015Chinese internet giant, Alibaba will launch an online video service, Tmall Box Office (TBO), in late summer 2015. The company hopes to develop the Chinese equivalent of HBO and Netflix with 90 per cent of content paid for, either by a subscription or on a PPV basis.Subscribers Only