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Tencent Music, which holds 42% of music copyright in China, has launched a listing plan with a valuation of 10 billion yuan
Peng Jiaxin, vice president of Tencent, who was previously responsible for the QQ music business, served as CEO of TME Group. Xie Guomin and Xie Zhenyu, former co-CEOs of China Music Group, served as co-presidents, responsible for the Cool Me and Cool Dog business lines respectively. On January 24, 2017, Tencent officially announced that Tencent's QQ music business and China Music Group (referred to as CMC) merged into a new music group, and officially renamed Tencent Music Entertainment Group (referred to as TME). -
It is difficult to sell popular works, and losses continue to expand. Hairun Pictures is no longer star
Investment analyst Xu Shan believes that star shareholders and contracted directors and screenwriters are all advantages of Hairun Pictures, and industry professionals are also one of the key elements in creating high-quality content works. In the future, Hairun Pictures will need to see how to further integrate professional talent resources with the company's project creation and operation, allowing the company's advantages to create more value. In addition, the film industry itself has high risks and income uncertainties. Hairun Pictures still needs to grasp every item... -
Industry supervision is becoming stricter, and the quality of works is not enough. Film and television stocks are collectively depressed in the first quarter
After the Spring Festival in 2016, China's film market fell into a state of continuous downturn. The supply of high-quality films was seriously insufficient. The over-developed market and derived speculators kidnapped China films to a certain extent. The film industry gradually deviated from the established development trajectory and began to rely on star popularity and capital speculation to fight the market to try its luck. Since the beginning of the year, many film and television stocks of Huayi Brothers, Enlight Media, Shanghai Film, and Great Wall Films have experienced large declines, creating countless... -
Bona officially opens its IPO film and television sector or will reshuffle
It was not until the end of 2015 that Bona Films announced that the company's privatization agreement had been reached. At that time, Bona's market value was already several streets behind Huayi Brothers and Enlight Media. It must be emphasized that before Bona's delisting, the equity ratio changed a lot. At the end of 2015, when Bona completed its privatization, the former second largest shareholder Fosun International and the third largest shareholder Sequoia Capital gradually faded out. Its shareholding ratios with Tencent and Alibaba Pictures were 6.2%, 5%-6%, 7% and 10% respectively, while Yu Dong held the company... -
Great Wall Animation's 7 target companies and 4 have not fulfilled performance commitments. Fierce market competition is the main reason
In the past year, Tianrui Economic and Trade, Dongfang Guolong, and Zhuji Mermaid, subsidiaries of Great Wall Animation,"deeply regretted" and "sincerely apologized" for failing to fulfill their performance commitments. In the past year, Tianrui Economic and Trade, Dongfang Guolong, and Zhuji Mermaid, subsidiaries of Great Wall Animation,"deeply regretted" and "sincerely apologized" for failing to fulfill their performance commitments. -
During the adjustment period, Wanda Light Huayi's performance diverges 2017 Pictures may welcome the reshuffle pattern
Regarding the reasons for the decline in performance, Huayi Brothers told reporters that the decline in performance was mainly affected by the unfavorable overall market environment and poor performance of the film business. However, net profit still ranked first among listed film and television entertainment companies, demonstrating the overall layout of high risk resistance. ability. According to its 2016 annual report, during the reporting period, Wanda Cinema achieved non-box office revenue of 3.9 billion yuan, a year-on-year increase of more than 100%. Non-box office revenue accounted for 35% of operating income, an increase of 12 percentage points from 2015. -
Internet companies encounter profit difficulties in cross-border film and television and have no advantages in content production
According to incomplete statistics, in the past two years, more than 10 well-known Internet companies have established film subsidiaries, including not only Internet giants such as Tencent, Alibaba, and Baidu, but also online video companies such as iQiyi and Youku, as well as games. Companies, even online travel companies and hardware companies such as Xiaomi, even the "Three Squirrels", who started selling nuts on the Internet, joined the film and television cross-border last week, hoping to gain a share of the ever-expanding film market. Like Ali... -
LeEco's performance statement will turn into complaints at the conference, investors 'questions are sharp and direct to cash flow
However, the answer is similar. LeTV said that issues related to non-listed companies are not within the scope of this performance exchange meeting. Please pay attention to Yi Zhi's official voices at any time regarding Yi Zhi's questions. LeEco replied: With the introduction of strategic investors and other investors, listed companies have more funds, and the capital shortage of non-listed companies has been quickly resolved. -
Online celebrity brokerage company Star Tour Entertainment received Pre-A financing valuation of 80 million yuan
Simply put, Xingyou Entertainment shares the earliest education and training + content production market in the entire Internet celebrity incubation chain. In addition to Ru Han, Xingyou also serves leading Internet celebrity companies such as Chenfan and Tisu. At the same time, it maintains strategic cooperative relationships with large platforms such as Weibo, Taobao, Youku, Yingke, and Miaopai. It is one of the five WEP service providers on Weibo, providing Internet celebrity targeted integrated service solutions for e-commerce platforms. Started as an internal training for Internet celebrities, and e-commerce Internet celebrity brokerage company Star Tour Entertainment won Pre-... -
Chen Kunhao spent 500 million yuan to enter equity investment and the partner is a listed energy company
We don't know whether the fund established by it as LP conducts investment and mergers in accordance with Meijin Energy's strategic and industrial layout plan. However, according to public information, GPLP has found out the relevant information of GP-Enbe Investment, the fund manager. The information is shown as follows: Enbe Investment was established on September 17, 2014. However, its registration time with the Securities Industry Fund Association was April 21, 2017. We have no way to verify whether it is to cooperate with this fund management, but it can... -
Xinli Media's second IPO wants to be the first film and television company: ideals are full, reality is very bony
Although Xinli Media's business does not rely on the actual controller Cao Huayi and his holding company, the noteworthy second largest shareholder, Enlight Media, as a giant of domestic film and television companies, has horizontal competition and related transactions with Xinli Media. This point was also mentioned in the feedback from the China Securities Regulatory Commission. However, based on the proportion of shareholders, we can find that Xinli Media's controlling shareholder and its concerted action, Xi Shi Investment, hold a total of 42.896%, which has not achieved absolute control. The second shareholders have just... -
Activision Blizzard's net profit increased by 17% in the first quarter."Overwatch Pioneer" helped a lot
Activision Blizzard's first-quarter financial report for the fiscal year 2017 showed that the company's revenue from January to March was US$1.726 billion, compared with US$1.455 billion in the same period last year, a year-on-year increase of 19%. Activision Blizzard's first-quarter financial report for the fiscal year 2017 showed that the company's revenue from January to March was US$1.726 billion, compared with US$1.455 billion in the same period last year, a year-on-year increase of 19%. -
Xinghe Interactive completed a 180 million RMB B+ round of financing to cross-border layout of animation, film, television and sports
Xinghe Interactive, which is targeting the sports mobile game market, has completed a 180 million RMB B+ round of financing. The next step is to go overseas. Shenzhen Xinghe Interactive Technology Co., Ltd. has recently completed a 180 million RMB B+ round of financing. This round of financing was jointly completed by Yao Wei Capital and Huayi Brothers. Yao Wei Capital is the new investor in this round, and Huayi Brothers is also the company's Series A and B investors. Weidong Dong, founder and CEO of Xinghe Interactive, said: "After the latest round of financing is completed, all in... -
Internet companies have cross-border film and television content, weak genes and low sense of existence
"A person close to Xiaomi Pictures told reporters that the cooperation method for each film is different. Small cooperation may just be to implant products in the film, and both parties promote them and exchange resources." In other words, Xiaomi Pictures will use Xiaomi's resources to promote movies, and "Bomb Removal Expert" also confirms its "channel" identity in the film industry. -
Yingke is valued at 7 billion yuan Xuanya International plans to acquire at least 50% of its equity in cash
As early as mid-April, it was reported that Xuanya International, a newly listed public relations company, might acquire the live broadcast APP Yingke. At that time, Xuanya International had announced that it would suspend trading, saying that the company was planning a major asset reorganization. The company's 2016 performance report released on February 28 showed that Xuanya International's 2016 operating income increased by 79.5412 million yuan compared with the same period last year, an increase of 20.36%. -
Various China capital flows into "Super 8" to join hands with Hollywood risks and opportunities coexist
Rao Shuguang emphasized,"The current development level of the domestic film industry is not perfect and lacks professional teams and talents. In the process of cooperating with Hollywood film companies, domestic capital also needs to have an in-depth understanding of the financial operations, industrial systems, legal systems, etc. of the United States, in order to avoid unnecessary risks. According to Rao Shuguang, secretary-general of the China Film Association, cooperation with Hollywood will certainly help the progress of domestic film technology and industrial development models, but some domestic capital is good... -
Great Wall Animation's high-premium cross-border mergers and acquisitions were frustrated, nearly 60% of the target performance changed face
On May 3, Great Wall Animation released a correction announcement for its 2016 annual report. The report showed that among the seven companies acquired in 2014, 4 companies had their performance commitments changed. On May 3, Great Wall Animation released a correction announcement for its 2016 annual report. The report showed that among the seven companies acquired in 2014, 4 companies had their performance commitments changed. -
Best Media completed 20 million Series A financing mainly for the expansion of its film and television marketing team
Although the entertainment integrated marketing company Besti was established in 2011, and in a few years, Besti Yiteng, which focuses on the marketing of film and television projects, and China's first film and television entertainment new media matrix, Besti continues to innovate on the road to entrepreneurship. However, Yue Yunfei still feels a sense of crisis and believes that in the midst of industrial transformation and media environment upgrading, Besti's innovative power still cannot keep up with this era. "So, I think that also in the vertical segment of entertainment marketing,... -
Beijing Culture's revenue in the first quarter increased by nearly 20% and the integration of the entire industry chain has achieved initial results
Beijing Culture disclosed its results report for the first quarter of 2017, which showed that "turning losses into profits during the same period" and "investment in film and television projects increased by 334 million yuan", which is undoubtedly related to the active strategy it is implementing in film and television investment and its efforts in resource integration and company reorganization, the joint deployment of industrialization chains such as film, television, artist brokerage and variety shows is closely related. Beijing Culture's revenue increased by 19.62% in the first quarter. Beijing Culture disclosed its results report for the first quarter of 2017, which... -
Zhiyin Animation is preparing to go public within three years, parent company Zhiyin Media wants to fight back in the capital market
Zhiyin Media uses subsidiaries to fight the capital market. Nowadays, more and more cultural companies are connecting with the capital market. Among them, Hubei Zhiyin Animation Co., Ltd.(hereinafter referred to as "Zhiyin Animation") recently announced that it will attract 567 million yuan to officially launch business restructuring and share reform work, and strive to promote the listing of Zhiyin Animation within three years. It is worth noting that Zhiyin Animation is one of the subsidiaries of Zhiyin Media, and Zhiyin Media once tried to land in the capital market through IPO. This time, Zhiyin Animation launched a share reform,...


