Posts Tagged ‘china’

China’s Baidu Sees Profit Growth at 27%

October 30, 2014  |  Variety  |  No Comments

HONG KONG – Baidu, China’s search engine giant, saw net earnings grow by 27% in the third quarter, less than stock market forecasts, as revenues rose by 52%. Total revenues in the third quarter of 2014 were RMB13.5 billion ($2.20 billion) in the three months to end of September. Net attributable income was RMB3.88 billion... Read more

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Jon Feltheimer Sheds Little Light on Lionsgate-Alibaba Deal

October 28, 2014  |  Variety  |  No Comments

Lionsgate boss Jon Feltheimer says he is looking for the right partner in China, as markets talk of a stake sale to Chinese ecommerce giant.

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Alibaba Is in Talks With U.S. Movie Studios to Stream in China

October 24, 2014  |  Media Week  |  No Comments

Alibaba founder Jack Ma, fresh off his company's record-breaking $22 billion public stock offering, is shopping for U.S. movies to stream online in China. Ma and a group of Alibaba executives are meeting with studio chiefs next week to get the rights to content to sell to Chinese consumers hungry for TV and movies from Hollywood, according to Bloomberg. Ma’s reported wish list includes Walt Disney, Viacom, Lions Gate Entertainment, Warner Bros., Sony, 21st Century Fox and Comcast. In July, Alibaba struck a deal with Lions Gate to stream the Hunger Games franchise and TV show Mad Men to Chinese audiences. The New York Post reported that Ma wants to buy chairman Mark Rachesky’s controlling shares in Lions Gate, when he steps down as early as next month. Rachesky’s shares are worth about $1.6 billion. China is the No. 2 film market in the world, making the convenience of online subscription content a natural fit for Alibaba’s e-commerce network. However, China is not a straightforward place to do business. Last month, Chinese regulators announced they would cap the amount of foreign TV programs local providers could stream to online subscribers. Neftlix’s House of Cards, which attracts millions of Chinese viewers, was rumored to be in jeopardy. In April, Chinese regulators yanked NCIS, The Practice, The Good Wife and The Big Bang Theory off video streaming services without giving a reason. The Big Bang Theory was reportedly pulling in 120 million viewers a month. It remains to be seen if Ma’s clout and business savvy will overcome Chinese regulators and net him another lucrative revenue stream. Alibaba’s stock has been soaring on news of its interest in movie streaming.

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China’s Wanda Cinema Returns With $325 Million IPO

October 17, 2014  |  Variety  |  No Comments

Largest exhibition chain seeks capital for further expansion

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Alibaba Pictures Eyes Pact With Giant Hengdian Studios

October 14, 2014  |  Variety  |  No Comments

Alibaba Pictures Group has unveiled plans to set up a joint venture with Hengdian, the world’s largest studio facility.

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China Box Office: ‘Guardians’ Wins Weekend, ‘Buddies’ Is Best Over Week

October 14, 2014  |  Variety  |  No Comments

Chinese comedy “Breakup Buddies” and “Guardians of the Galaxy 2,” took the honours at the Chinese box office.

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China’s Youku Tudou Adds Senior Staff

October 11, 2014  |  Variety  |  No Comments

Chinese online video platform Youku Tudou has hired Teddy Gu as chief product officer, and Jerry Li as senior VP. Gu, formerly with Tencent, will be responsible for the group’s product strategy and operations, and drive the Group’s direct-to-consumer businesses.  Li will be responsible for Youku Tudou’s talent management operations and corporate business development. Before joining Youku Tudou, Li was... Read more

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BUSAN: Youku Inks Trio of Korean Film Deals

October 6, 2014  |  Variety  |  No Comments

BUSAN — Youku Tudou, the giant Chinese online video platform, has struck content supply deals with all three of the major South Korean film conglomerates. The company has exclusively acquired all online rights in China to the feature film output of CJ Entertainment, Lotte Entertainment and Showbox. Youku Tudou founder and CEO Victor Koo announced... Read more

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Taiwan Int’l Documentary Festival Celebrates Chinese Underground Films

October 4, 2014  |  Variety  |  No Comments

Censorship of the media and political interference in festivals are hot button topics throughout Asia and Asian festivals. Operating under the slogan “truth cannot be confined,” the 9th edition of the Taiwan Intl. Documentary Festival will kick off next week in Taipei (Oct. 9-19) with a whole lineup of “underground” films. With territories including China,...

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Jackie Chan’s Son Jaycee Now Put Under Official Arrest

September 17, 2014  |  Variety  |  No Comments

Jaycee Chan was Wednesday put under formal arrest on drug charges, Beijing courts said.

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