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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.
AMOLED Ecosystem Market Tracker - ChinaJanuary 08, 2019A semi-annual update on the Chinese AMOLED display industry with shipments, revenue, prices, strategies, capacity & technologies.Subscribers Only
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.
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.
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
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.
China: threat to foreign programming as online services are dealt new regulationJanuary 27, 2015Scrutiny of China’s online streaming portals has increased, resulting in new censorship measures for major US TV series. The State Administration of Press, Publication, Radio, Film and Television (SAPPRFT), has published a notice demanding that online video providers submit complete seasons of foreign shows with Chinese subtitles to the censorship board before they go on air. Affected are such providers as Tencent, Alibaba, Youku Tudou, Baidu's iQiyi and Sohu.Subscribers Only
Chinese internet TV giant Youku Tudou steps up original content productionJune 18, 2014Chinese online video company Youku Tudou is significantly increasing its production of original programming, with 20 programmes and drama series due to be released in the second half of the year.