Web Film Market Experienced a Substantial Growth During First Business Quarter
As online entertainment increased during the coronavirus outbreak, web film industry experienced a remarkable growth in the first business quarter. According to data collected, the box office income split grossed by all web films in Q1 amounted to over 500 million in total. By comparison, the industry as a whole grossed only 650 million over the entire year of 2018. China’s three major streaming platforms iQiyi, Youku, and Tencent Video respectively owned 7, 3 and 1 film among the top 10 highest-grossing web films. Read more on yulechanye
How Should the “Old Big Five” Living Streaming Platforms Make Breakthrough?
A lot of newcomers entered into the race of live streaming this year. After ByteDance merged its short video app Huoshan with Douyin to counter the meteoric rise of rival Kuaishou, the traditional “big five” living streaming platforms—YY Stream, Douyu, Inke Live, Huya, and Momo Live are now facing a fast-growing challenge posed by these new players who have strong financial strength. Recently, the old “big five” released their annual performance reports. It is noticeable and maybe alarming that their total revenue growth rates are all on the decline. Read more ylwanjia.