Headlines from China: Animation Film ‘Legend of Deification’ Sets A 2020 Release

Animation Film ‘Legend of Deification’ Sets A 2020 Release

The highly anticipated animation film “Legend of Deification” finally announced that it will be released at the end of 2020. Although the exact date is not set yet, animation fans were still hyped about this news as they have been waiting to see this film since the Spring Festival. As the sequel of last year’s box office sensation “Ne Zha”, “Legend of Deification” is expected to create a new milestone for Chinese animation industry. Read more on youhaoxifilm


IQiyi Published Q1 Financial Report, Showing Strong Performance

On Tuesday, the Chinese streaming giant iQiyi published its Q1 financial report, which showed strong growth in both its revenue and membership. According to this report, the total revenue grossed in the first quarter amounts to a whopping 7.6 billion yuan, up 9% compared with last year. The total number of subscribers also sees a 23% growth in the first quarter, which pushes the total membership to almost 119 million now. Even compared horizontally with other international players, iQiyi is still one of the top performers in the first season. Read more Entertainment Capital