Xinyue Film and Television applies for listing on the New Third Board, Giant Network Technology subscribes for 5.17% shares

On April 29, Xinyue Film and Television officially applied for listing on the New Third Board, and is expected to become the first film distribution company on the New Third Board.

In the first quarter of 2016, the national box office was 14.496 billion yuan, a year-on-year increase of 51%, setting a new record again. In this context, the marriage between capital and film and television is accelerating. Entering 2016, the pace of film and television companies landing on the New Third Board has suddenly accelerated. As of April 20, there are nearly 70 film and television and entertainment companies listed for transfer on the New Third Board, among which well-known film and television production companies such as Hairun Film and Television and Tangren Film and Television are among them. On April 29, Xinyue Film and Television officially applied for listing on the New Third Board, and is expected to become the first film distribution company on the New Third Board.

Issuing the first share of "Xinyue Film and Television" and applying for listing on the New Third Board.

Observing the list of nearly 70 New Third Board film and television companies, it is not difficult to find that most of them are upstream companies in film and television production. On April 29, Xinyue Film and Television officially applied for listing on the New Third Board. In one fell swoop, it broke the phenomenon of film and television production companies "occupying" the New Third Board film and television field. Xinyue Film and Television is a professional film company focusing on providing integrated marketing services for films. Established by a professional and experienced publicity team, it has achieved all-media coverage of film marketing and distribution. The partners include television, print, radio, Internet and mainstream media in various places. Over the past three years since its establishment, it has led and participated in more than 40 films, with a cumulative box office exceeding 2 billion yuan. Xinyue Film and Television is headquartered in Shanghai, and has branch offices in many cities in Beijing, Shenzhen, Guangzhou, Chengdu and Wuhan. Its business covers the whole country and has formed long-term cooperative relationships with major theaters across the country, covering more than 100 key regions. Cities, with more than 1000 key cooperative theaters.

Xinyue Film and Television is favored by many parties and injected into Internet resources in2016.

Recently, Juwang Technology announced that it plans to invest 5.4 million yuan to subscribe for 300,000 additional shares of Xinyue Film and Television, accounting for 5.17% of the total share capital of Xinyue Film and Television after the completion of this additional issuance. As an excellent domestic Internet resource integration platform, the strong alliance between Juwang Technology and Xinyue Film and Television is a direct marriage of "Internet + Film and Television". The Internetization of the film and television industry is the general trend. Whoever can take the lead will win the opportunity.

It is reported that in addition to Juwang Technology, which has already subscribed for shares, there are also many listed institutions that are negotiating cooperation matters with Xinyue Film and Television. With a stable profit model and excellent industry resources, the New Third Board is just a new starting point for Xinyue Film and Television in 2016. Based on the steady and successful crime thriller genre, animation and comedy will be new explosive points for Xinyue Film and Television's future distribution business. On the premise of maintaining its distribution advantages, Xinyue Film and Television will also make multi-source efforts in copyright reserve, project development and excellent project investment, coupled with the resource support of the Internet platform, to ensure the high-quality operation of project distribution from multiple aspects.

Editor: yvonne