Enlight Media plans to increase capital by 80 million yuan, Xitian Film and Television will account for 10% of the shares and expand its brokerage business

Enlight Media announced on the 30th that Enlight Pictures plans to subscribe for a 10% stake in Shanghai Xitian Film and Television Culture Co., Ltd. with its own funds of 80 million yuan.

Enlight Media announced on the 30th that Enlight Pictures plans to subscribe for the new registered capital of Shanghai Xitian Film and Television Culture Co., Ltd.(referred to as "Xitian Film and Television") with its own funds of 80 million yuan. After the capital increase is completed, Enlight Pictures will hold a 10% stake in Xitian Films.

Xitian Film and Television was established in 2013. Its business covers artist brokerage, film and television production, public relations activities, copyright operations and other fields. It is one of Air China's largest domestic artists brokers. It owns nearly 30 artists including Wu Xiubo, Zhang Tianai, Zhang Xinyi, Wang Qianyuan, Lin Yongjian, Wang Taili, Li Guangjie, and Ma Li. Xitian Film and Television has accumulated rich film and television copyright and business cooperation resources. In 2014, it co-produced 60 episodes of the situational online comedy "Weird Coffee" with Tencent Video. In 2016, it cooperated with iQiyi to create a super online drama adapted from the famous Internet IP."My Friend Miss Chen Bailu".

Enlight Media said that the company and Xitian Film and Television have natural complementarities in their business, and this investment will help the company rapidly expand its brokerage business.

[Original Announcement]

Light Media: Announcement on Investing in Xitian Film and Television

Editor: vian