Headlines from China: Listed Media Giant Sells A Painting to Survive

 /  Headlines From China  / 
Hunan CATV Network Group, the subsidiary of Hunan Broadcasting System, sold “The Foolish Old Man Moves a Mountain” by the Chinese modern art pioneer Xu Beihong at the astronomical price of $300 million on December 14th. The revenue will cover CATV‘s deficit in the past three quarters. Read More

Headlines from China: CAA to Rep Peter Chan’s We Pictures

 /  Headlines From China  / 
CAA China has signed on to represent We Pictures, a film production and distribution company founded by renowned Hong Kong filmmaker Peter Chan. Read More

Headlines from China: Presale of Bi Gan’s Arthouse Film Boosted by Douyin

 /  Headlines From China  / 
Bi Gan's arthouse film Long Day's Journey into Night, which is set to release in Chinese theaters on December 31, has made a whopping 28.8 million yuan ($4.19 million) in presale. Read More

Headlines from China: Tencent Music Launches US IPO

 /  Headlines From China  / 
Tencent Music has a very different business model compared with the unprofitable Spotify. Read More

Headlines from China: 2018: “Darkest Hour” for China’s Film Exhibition Sector

 /  Headlines From China  / 
This year, due to the general slowdown of movie ticket sales, the decrease in attendance rate and the end of ticket price subsidy, many movie theaters in China are struggling to keep their businesses running. Read More

Headlines from China: Short-formed Vertical Video is The Future?

 /  Headlines From China  / 
Online video platforms seem to have realized this new reality and started jumping on the short-video craze. Read More

Headlines from China: CAA Signs Chinese Documentary Studio Yunji Media 

 /  Headlines From China  / 
On December 7th, Yunji Media, a Shanghai-based documentary production company, announced that it had signed on with Creative Artist Agency China, to develop its brand and documentary projects. Read More

Headlines from China: What’s Next for Youku?

 /  Headlines From China  / 
What is next for Chinese online video giant Youku in the post Yang Weidong-era? Read More

Headlines from China: Tencent Pictures to Board Paramount’s ‘Bumblebee’ and ‘Top Gun 2’

 /  Headlines From China  / 
Tencent pictures announced that the company would collaborate with Paramount Pictures on upcoming films 'Bumblebee' and 'Top Gun 2'. This marks the first collaboration between the Chinese tech giant and the Hollywood studio. Read More

Headlines from China: Alibaba Entertainment Executive Yang Weidong Being Investigated

 /  Headlines From China  / 
On December 4, Alibaba Digital and Entertainment Group released a statement, announcing that Fan Luyuan is appointed as the new CEO of Alibaba's video platform Youku, as Youku's current head Yang Weidong is being investigated by the police. Read More

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