English (US)
  • China Literature IPO will be listed in Hong Kong at a market value of HK $55 and a market capitalization of nearly HK $50 billion.

    华尔街见闻
    As for institutional investors, according to statistics from 14 brokerages in the Hong Kong Economic Daily, as of October 31, China Literature's subscription capital temporarily recorded nearly 152.7 billion yuan, equivalent to 182 times the oversubscription of the public offering. The final sale price of China Literature under the global offering is HK $55.00 per share (excluding 1.0 per cent brokerage commission, 0.0027 per cent CSRC transaction levy and 0.005 per cent SEHK transaction fee), according to an announcement issued by China Literature Group of Tencent spin-off today.
  • Extraordinary film and television won 7.5 million yuan of angel round investment from Huabin Venture Capital.

    铅笔道
    Unusual Film and Television Culture (Beijing) Co., Ltd. was established in 2011 and officially operated in August 2015. It is a new media film and television company that serves the planning and production of content, as well as the distribution and promotion of film and television content. The company focuses on the investment, production and distribution of new media film and television content (network movies, network dramas, network columns, etc.).
  • Can the "hunting ground", which sells for only 1.7 million yuan and has been in a lawsuit for a year, turn Qingyu Media around?

    壹娱观察
    At that time, the online exclusive rights of "hunting ground" sold for only 1.7 million per episode, but perhaps because Hu GE's price soared after appearing in hit TV dramas such as "camouflage" and "Nirvana in Fire" in 2015, Qingyu Media, which sold such a low price, was unwilling to sell such a low price. then Letv and Hunan Satellite TV unilaterally offered to terminate the contract on the grounds that LeTV and Hunan Satellite TV failed to pay in accordance with the agreed time. Hunan Satellite TV and LeTV sued Qingyu Media to the court. In May 2016, Qingyu Media, the producer of the hunting ground, uncovered the mystery.
  • Lugang Culture plans to buy 45% of Tianyi Film and Television for 395 million yuan.

    中国证券报
    The announcement said that after the acquisition of the remaining 45% of Tianyi Movie by the listed company, the company's film and television business will be further strengthened. After the acquisition of the remaining 45% of Tianyi Movie by the listed company, the company's film and television business will be further strengthened.
  • Wanda's AMC is considering the public listing of its European cinema assets

    网易财经
    According to Bloomberg, the AMC Entertainment Holdings Inc of Chinese billionaire Wang Jianlin. Is considering an initial public offering (IPO) for its European cinema business, which is expected to raise hundreds of millions of dollars. AMC, majority-owned by Wang Jianlin's Dalian Wanda Group, is considering issuing 1/4 to 1/3 of its European subsidiary, executives of the US cinema chain said on Monday in a conference call with investors after the third-quarter results were released.
  • How to support the high market capitalization with more than 10 billion Internet article bosses?

    北京商报
    In terms of the reserve of IP works on various platforms, according to the data released by Frost&Sullivan, the number of online literature works provided by China Literature Group, Chinese online and palm technology platforms accounted for 72%, 27.5% and 5.2% of the total online literature works, respectively. Among them, according to the Chinese online 2017 semi-annual report, during the reporting period, the company has more than one million kinds of digital content resources and signed contracts with more than 2000 well-known writers and best-selling authors. It is worth mentioning that it is also highly sought after by capital.
  • "long Wei" couple will be banned from the market for 5 years. How are the 16 companies held by Zhao Wei safe?

    中国证券报
    In its announcement on February 16, 2017, through Wanjia Culture, Longwei Media attributed the failure to complete the financing plan on schedule to the failure of financing approval of financial institutions, and did not disclose the fact that the bank had not prepared enough funds when the second equity transfer was due. There are major omissions. There are false records and major omissions in the relevant announcements about fund-raising plans and arrangements, mainly in three aspects: long Wei Media said in its reply to an inquiry on January 12, 2017 that it had pledged financing to financial institutions.
  • Jinri Toutiao acquired Musical.ly to create the world's largest short video platform.

    三声
    Liu Zhen, senior vice president of Jinri Toutiao, said that Douyin and Musical.ly are very popular among young people at home and abroad. In the future, Douyin and Musical.ly will give full play to their technology and content advantages and work together to create the world's largest short video social entertainment platform. On November 10th, Jinri Toutiao officially signed an agreement with Musical.ly, a well-known short video social product in North America, to acquire Musical.ly.
  • TVB's profit plummeted by 40% in the first half of the year bet on new media business to save itself.

    壹娱观察
    The former ATV was wound up and delisted, and then viuTV was in hot pursuit, and the benchmarking position of TVB was in jeopardy. In order to cope with the changes in the new environment, TVB carried out drastic reforms, introduced mainland capital, and cooperated with mainland Internet companies to create new Hong Kong dramas and make up the variety board at home, and did not hesitate to invest heavily to build OTT platform myTVSUPER and social platform BigBigchannel. Although the radio and television business is still the main source of revenue for TVB, the new media business has become TV....
  • Disney plans to acquire Fox's film and television business to realize content direct selling service

    腾讯科技
    According to the latest news from foreign media, the US media giant Disney is also in talks with 21st Century Fox to acquire most of its film and television business. In the latest news, the US media giant Disney is also in talks with 21st Century Fox to acquire most of its film and television business.
  • Cat's Eye Movie received 1 billion yuan financing from Tencent: valuation of more than 20 billion yuan

    中关村在线
    Cat's Eye movies have officially confirmed that they have received 1 billion yuan in financing from Tencent, which is currently valued at more than 20 billion yuan, according to news on Nov. 13. Cat's Eye movies have officially confirmed that they have received 1 billion yuan in financing from Tencent, which is currently valued at more than 20 billion yuan, according to news on Nov. 13.
  • Who will be the most profitable company in the film and television industry for three quarters?

    界面新闻
    Reporter statistics of the 25 film and television listed companies, including Leeco, Storm Group, Huanrui Century and Guangdong Media four listed companies recorded losses in the first three quarters of net profit. As the "profit king" in the film and television industry, Wanda Film achieved revenue of 10.158 billion yuan in the first three quarters, an increase of 20.72 percent over the same period last year.
  • Shanghai Film's net profit drops 13.3% to sell 17.4% stake in Cross-Border Pictures

    网易财经
    This time, 4.69 million shares, accounting for 17.37 per cent of the total share capital of the cross-border film industry, will be sold on the Shanghai Cultural property Exchange through the open market to announce the third-quarter results at a reserve price not lower than the asset valuation. This time, 4.69 million of these shares, accounting for 17.37 per cent of the total share capital of the cross-border film industry, will be sold on the Shanghai Cultural property Exchange through the open market at a reserve price not lower than the asset valuation.
  • Increase the investment in IP derivatives, can bilibili reverse the loss situation?

    北京商报
    Xu Shan believes that just from the action of bilibili investing in Ai Animation, it belongs to the nature of investment. If bilibili wants to develop derivatives into one of the main sources of income of the company and help the company make a profit, it is more at the business level. The development and linkage of the company's internal business, as well as the business linkage with the investment company, of course, it is more important to be able to design products that meet the market demand. Behind this is the grasp of IP content, market pre-fine research, product category design, sales operation.
  • Leeco IPO incident: seven years ago, there was a lot of doubt.

    腾讯科技
    According to the financial report, according to Leeco's listing announcement, its top two revenues are paying users and advertising, respectively. Its largest advertiser, Beijing Xinruili Advertising Co., Ltd., has only two office staff for a long time, but has developed a 10 million-level advertising business. The annual inspection report for industry and commerce shows that in 2008, China Television Longsheng had zero business income, a net loss of 4500 yuan and one employee, but the 2010 Leeco prospectus revealed that China Television Longsheng contributed 6.51 million yuan to Letv in 2008.
  • Xiangyuan cultural and entertainment sector encountered "trouble": the women's team was persuaded to quit and the game products ran aground.

    每日经济新闻
    Xiangyuan culture and entertainment sector encountered "trouble": the integration of the three concepts of stranded capital, performing stars and entertainment culture made Xiangyuan culture in the limelight for a time. At present, Xiangyuan Culture subsidiary Beijing Wanhao Wanjia E-Sports Media Co., Ltd. (hereinafter referred to as Wanjia e-sports) is facing bankruptcy liquidation, the resulting impact is that, on the one hand, several major game products that have made certain progress in research and development are facing "stranding".
  • Eggs not in one basket Film and Television companies have achieved remarkable results in exploring non-box office revenue.

    界面新闻
    While "Wolf Warriors 2" and "Iron fist of Shame", the two top two domestic films at the box office this year, Light Media invested through holding companies Orange Image and Cat's Eye Film, and the proportion was not the highest, resulting in limited benefits. According to Wanda Film's report in the third quarter of 2017, Wanda Film's revenue in the first three quarters was 10.185 billion yuan, an increase of 20.72 percent over the same period last year. The net profit attributed to shareholders of listed companies was about 1.264 billion, up 10.29 percent from the same period last year.
  • The newspaper reported huge losses in three quarters, the former member of the Development and Review Commission was investigated, and Leeco may face delisting.

    证券时报
    It is also rumored that more than 10 former members of the gem Review Committee involved in the IPO examination of Leeco have been taken compulsory measures, and Letv may be forced to delist because of financial fraud. It is also rumored that more than 10 former members of the gem Review Committee involved in the IPO examination of Leeco have been taken compulsory measures, and Letv may be forced to delist because of financial fraud.
  • Yiqiao Co., Ltd. plans to acquire 45% equity layout mobile game business of Haoxin Interconnection.

    证券时报
    Yiqiao shares said that after the completion of this transaction, Haoxin Interconnection will become a wholly-owned subsidiary of listed companies, which will help listed companies to achieve a comprehensive transformation from their main business to mobile game business. it plays a positive role in improving the net profits of shareholders belonging to listed companies. In the announcement of Yiqiao shares on the evening of October 30, it was stated that "in October 2017, listed companies sold related assets and some negative assets in the business of breeding, processing and selling sea treasures with uncertain business prospects.
  • Ferris wheel ticket gets $25 million B+ round financing discount fare is a competitive advantage

    36氪
    Nowadays, China's online performance ticketing market has basically completed the reshuffle, forming a two-level pattern of the traditional ticketing platform represented by barley and the Internet ticketing platform represented by the Ferris wheel. CEO Cui Jeff said: the Ferris wheel improves the efficiency of the market circulation of tickets, and the relationship with traditional ticketing companies is complementary rather than competitive.