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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.
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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.
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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.
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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.
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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.
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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.
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Telenovelas help growth of subscribers for Blim in Latin AmericaJanuary 23, 2017Televisa entered Latin America’s fast-growing and increasingly competitive subscription online video market in February 2016 when it launched subscription video-on-demand service Blim. The service’s main competitors in this space are Netflix and Claro Video.Subscribers Only
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Televisa’s Blim bets on original programmingApril 14, 2016Mexican multimedia giant, Televisa, launched a SVOD (subscription video-on-demand) service - Blim, 22 February 2016 that competes directly with established streaming leaders in Latin America - Netflix and ClaroVideo. The new streaming service is available across Mexico and Latin America, with the exception of Portuguese-speaking Brazil.Subscribers Only
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Video Intelligence forecasts extended to 2020April 11, 2016IHS has extended the DVD and Blu-ray Disc retail and rental forecasts published in the Video Intelligence service for all territories and regions through to 2020.Subscribers Only
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Chinese media watchdog tightens online video content censorshipFebruary 04, 2016The Chinese media regulator has banned several original web dramas in January 2016 due to excessive violence, sex, vulgarity, and superstition. The expansion of TV censorship to original online content means online video hosting sites have limited space to generate revenue and will slow down the development of online video market in China.Subscribers Only
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Genre split data by format now available for all countriesDecember 09, 2015IHS has added detailed split data for both DVD and Blu-ray Disc (BD) formats to every country covered by its Video Intelligence services.Subscribers Only
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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
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Movies and TV: the key genres driving worldwide demand for physical videoAugust 20, 2015Between 2000 and 2014, consumers worldwide spent $398 billion on buying pre-recorded video content on physical formats. Almost two-thirds of this was spent on purchasing movies with a further 17% generated by the sale of TV product. This report examines how demand for these key genres has evolved over time and by region.Subscribers Only
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Filmin Latino launches in MexicoAugust 07, 2015Spanish OTT service provider Filmin and the Mexican Film Institute (IMCINE) have launched Filmin Latino, an OTT video-on-demand service, in Mexico.Subscribers Only
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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
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Quickflix repositions toward the burgeoning Chinese marketJune 03, 2015Australian online video subscription company, Quickflix has signed a Memorandum of Understanding (MoU) to acquire a China-based content production company subject to satisfactory completion of further due diligence. Launched in 2003 as a DVD-by-post service, Quickflix launched a Subscription Video on Demand (SVoD) streaming service in Australia during October 2011 followed by the expansion of its streaming service to New Zealand in May 2012. As such, the foray into China marks a new direction for the company.Subscribers Only
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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.
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Video Report - Asia-Pacific Video Markets - 2014September 25, 2014Asia-Pacific consumers will spend a total of $7.8 billion buying and renting physical and digital video in 2014, including DVDs and Blu-ray Discs (BD) as well as video consumed via digital and online platforms and services.Subscribers Only
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Movie Market Monitor Insight: Theatrical ConsumptionWorldwide consumption for theatrical moviesSeptember 23, 2014This insight examines theatrical consumption across North America, Western Europe, Eastern and Central Europe, Asia Pacific, and Latin America.Subscribers Only
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Home Entertainment Market Grows Modestly for Second Straight Year, as Disc-Sale Declines Remain ModerateJanuary 16, 2014Spending on movies and TV shows in the home entertainment market eked out 1 percent growth in 2013, the second straight year of increase after declining at a 3 percent compound annual rate...
