Headlines from China: Coloroom Pictures’ CEO Left Position to Become CEO of October Media

Coloroom Pictures’ CEO Left Position to Become CEO of October Media

Yi Qiao, the CEO of Coloroom Pictures, is leaving the company for another executive position at October Media—the animation studio behind the 2018 groundbreaking 3D animation film “Monkey King: Hero Is Back”. Owned by the entertainment giant Beijing Enlight Media Co Ltd., Coloroom Pictures is often said to be China’s Pixar after its successful cultivation of animation films such as “Ne Zha”, “Big Fish & Begonia”, and “Da Hufa”. Enlight Media also owns a majority stake in October Media. According to their joint statement, Yi Qiao will continue to be the CEO of Coloroom Pictures during the transition. At his new position at October Media, Yi Qiao will be leading the few animation projects that are undergoing production recently. Read more Entertainment Capital

What Would Happen if Tencent Really Invest in IQiyi?

Reuters’ news about Tencent Video eyeing streaming rival iQiyi has set off the company’s stock price to a long-awaited growth. Although both companies have refused to comment the matter, with some senior-level employers even coming forward to deny the conversation, Reuter’s news nevertheless makes people wonder what would really happen if these two companies merge with each other. Undeniably, these two streaming giants are spending heavily on acquired and original contents. Will the combination of the two platforms reduce costs and create even greater scale at a time when the rate of organic growth in the sector has slowed? Will the merger fend off the growing challenges posed by short-from video companies such as TikTok? Will it also boost iQiyi’s global expansion plan? Read more DoubanMovie Pro