Maoyan Entertainment Reports Net Profit For The First Time Since Listed
Maoyan Entertainment released its 2019 Performance Report. For the first time, the Chinese online ticketing giant posted net profit since it went public, with a total revenue of 4600 million yuan. However, it is noticeable that the mainstay business of Maoyan—online ticketing has only increased by 1% last year. The majority of the profits came from its new businesses including entertainment content services and advertising. Read more on yuleguan001
Anti-bullying Drama ‘Better Days’ to be Released in Theater Again
Directed by Derek Tsang, the 2019 box office hit local film Better Days has been re-released in Chinese cinema since March.25. Originally released on Oct. 25, 2019, the film had topped the box office charts for 17 consecutive days. According to Better Days‘ film producer, the film’s box office revenues from this re-release theatrical run will all go to the theaters. Read more on Xinhua
Live Performance Industry Suffered from Huge Loss Around the Globe
The COVID-19 pandemic has severely hit the live performance industry around the globe. At a rough estimate made by China Association of Performing Arts, the total number of all canceled and delayed shows that happened during January 2020 to March 2020 might have accumulated over 20000 shows, which accounts for about 80% of total live performing shows recorded for Q1. The entire loss, by estimate, amounted to over 2.4 billion yuan. Read more on Entertainment Capital