China - Latest updates on China
Eros International partners with STX Entertainment to launch an OTT platform 21 April 2020
Eros International and STX Entertainment enter into partnership for creating an independent content and distribution company. The agreement enables both the partners to have unique positions and global reach in the United States, China, and India. STX Entertainment, which is a fully-integrated global media brand, specializes in the production, marketing and distribution of multimedia, …
iQIYI hits 100 million paying subscribers 24 June 2019
iQIYI, the Chinese online video platform, reaches a milestone of 100 million paying subscribers, after the streaming company gained enormous popularity in overseas countries like South Korea, North America, Japan, and Singapore. The company mainly produces movies, shows, and original TV programs and distributes its content to overseas audiences through local streaming channels. As the …
China remains the world’s second largest media and entertainment market 05 June 2019
According to a recent survey, China’s media and entertainment market will reach $435 US dollars by 2023, which is 70% up from the digital revenue generated in 2018. After the US market, China remains the second to witness such rapid growth in digital media. In the next five years, the internet advertising industry in China …
Pay-TV subscribers to hit 1 billion by 2022 07 December 2017
According to a latest study by Digital TV Research, global OTT and pay TV revenues are projected to reach USD 283 billion this year – that’s 18% higher than the 239 billion recorded a year ago. The study that covers 138 countries interprets that OTT will drive revenue, while pay TV will pull it down …
Asia Pacific OTT market leaping ahead 24 November 2017
The Over-the-Top (OTT) business in Asia Pacific was unorganized with the presence of geographically focused players such as Hooq, Spuul, BoxTv, etc. It began full-fledged in 2015 with the arrival of Netflix in Japan and Australia, which slowly landed in other APAC countries the following year. Today the region is host to a number of …
Wizard World to launch SVOD service for English speaking audience in China 03 November 2017
Wizard World is extending its reach in China with its plan to launch an English-language SVOD service in the country. The service will be launched in partnership with CNLive, one of only seven entities licensed to distribute content over the internet in the region. It provides Wizard World China a multi-year right and licenses to …
A new Chinese OTT platform is being launched by Zoland Animation for the kids segment 18 October 2017
Zhejiang Zhongnan Animation, more widely known as Zoland Animation, has announced Zokast Kids TV, a SVOD platform for kids. Zokast Kids TV would cater to children of all ages and would provide a safe environment for kids to enjoy watching a wide variety of titles. The platform aims to engage young viewers with more interactivity, …
Chinese Tech giant’s efforts to acquire Spotify this Year 20 September 2017
According to a new report, Chinese tech giant Tencent made attempts to acquire Spotify earlier this year. Tencent tried to acquire Spotify so as to expand its reach in the music streaming market beyond China and Asia. Tencent’s own music streaming unit boosts of 600 million users across 600 million users. Hopeful to acquire Spotify …
Increasing listeners in China have begun to pay for online music subscription 27 July 2017
In China out of the 600m Chinese who listen to music online, only 20m have a paid subscription that typically costs between 8 and 12 yuan (between $1.2 and $1.8) a month. Rest of the listeners don’t pay anything for streaming music online, however, do so on legit, ad supported services meaning the Chinese equivalents …
SVOD to rise by 85% in China 26 July 2017
According to a new research, China will account for 85% of Subscription Video on Demand (SVOD) customers and 78% of online video sector revenues in the Asia Pacific region by 2022. According to some research studies from Media Partners Asia (MPA), the factors that drive the growth of SVOD in China include large-scale investment in …
