Forward development and reverse customization: Huatze Film and Television teamed up with Chinese online Super IP

Huatze Film and Television announced on the morning of September 1st that it signed a "Strategic Cooperation Agreement" with Chinese online on August 31 to jointly build Super IP (SIP) pan-entertainment ecological industry, fully combining the advantages of both sides in SIP integrated development, resources and other aspects, and common development. The agreement has a deadline of three years.

original title: Huatze Film and Television holding hands in Chinese online SIP

Huatze Film and Television signed a "Strategic Cooperation Agreement" with Chinese online on August 31, jointly building a super IP (SIP) pan-entertainment ecological industry, fully combining the advantages of both sides in SIP integrated development, resources and other aspects for common development. The agreement has a deadline of three years.

the agreement stipulates that both sides will strengthen the integrated development of SIP. For the literary content copyrighted by Chinese online and its subsidiaries, the two sides shall carry out forward development and reverse customization business cooperation on the premise of equality and mutual benefit. Forward development is the film and television development of literary IP, and reverse customization is the literary incubation of film and television works. Chinese online agrees that in its own SIP copyright, Huatze Film and Television shall, under the same conditions, have the right to select at least 2 SIP each year to carry out integrated development, and the two sides can cooperate in the form of joint investment, customization, operation and derivative business development. The two sides can selectively provide channel promotion resources, which are respectively applicable to text, animation, film and television, music, games and other business; the two sides can carry out other forms of cooperation in resources.

in addition, in the case of reciprocity, the two sides can selectively carry out further cooperation at the capital level; the target locked by one party can be opened to the other party, and the investor and the target party can reach a consensus to make joint investment.

Huatze Film and Television said that SIP is one of the core elements of the company's strategic ecology, and the source of SIP is also the industrial link that the company hopes to lay out forcefully. The signing of this agreement meets the needs of the company's strategic development and contributes to the promotion and development of the company's SIP strategy. Chinese online is one of the pioneers of Chinese digital publishing. It has rich accumulation in literature IP and professional digital content operation ability. Through this cooperation, the company can obtain the priority development right of the copyright owned by Chinese online. The two sides will give full play to their respective resource advantages, through forward development, that is, the film and television development of literary IP, reverse customization, that is, the literary incubation of film and television works, strengthen the source power of content, broaden the form of content realization, jointly build SIP pan-entertainment ecological industry, and strengthen the company's sustainable development ability and core competitiveness. Through this strategic cooperation, it is expected to have a positive impact on the company's business performance.

[announcement original]

Huatze Film and Television: announcement on signing a strategic cooperation agreement with Chinese online

< strong > according to Huatze Film and Television announcement and relevant reports of China Securities Network < / strong >

Editor: nancy