Haibao Bio renamed Erdong Pictures intends to buy the copyright of Jade Guanyin for 5.43 million.

August 16 news, Erdong Pictures, a company listed on the new third board, recently plans to purchase the exclusive license for the copyright of "Jade Guanyin" at a price of 5.43 million yuan.

original title: Haibao Biology changed its name to Erdong Pictures and plans to buy the copyright of Jade Guanyin with 5.43 million yuan

August 16. Erdong Pictures, a company listed on the new third board, recently plans to purchase the exclusive license for the copyright of "Jade Guanyin" at a price of 5.43 million yuan. It is reported that Erdong Pictures, formerly known as Haibao Biology, just completed the name change of the company ten days ago.

before that, Erdong Film Co., Ltd. was a health food company engaged in marine health food. after it was acquired by natural persons Yang Fan and Yang Kui, the company added film and television business. On August 4, Erdong Pictures announced that it would change its abbreviation from "Haibao Biology" to "Erdong Pictures", and the company code would remain unchanged.

at present, Haibao Biology has invested in films including the movie "Breaking Heaven"; the film "Shenxing Taibao 2016"; the online drama "those things in the Academy of Arts"; and the movie "genetic crisis". A total of 18.7 million yuan was invested in the early period, but no income has been generated as of December 30, 2016.

Erdong Group always adheres to the "super IP strategy of content connecting everything" as the value axis. The business layout is mainly composed of two major business sections: film and television and pan-entertainment, in which film and television business covers the whole film and television industry chain, such as content research and development, publicity and distribution, cinema management, smart cinema, box office finance, etc. Pan-entertainment business covers: film artificial intelligence, live broadcast, new media, live entertainment, second dimension, game e-sports and other pan-entertainment derivative industries.

Haibao Biology said that the selection of "Jade Guanyin" as the company's film and television business upgrading project is a prudent choice made after fully considering the market prospect and national cultural orientation. This acquisition of assets will help to further enrich and improve the industrial layout of the company.

Edit: mary