"Roast Conference" producer Fang Xiaoguo Culture completed 120 million yuan in Series A financing, leading the investment by Chinese culture

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Li Ruigang, chairman of Chinese Culture, said: "Comedy is one of the core elements of entertainment content consumption. Chinese culture very much appreciates the innovative attempts of laughing fruit culture in the field of young comedy content. The team led by Ye Feng is currently a rare one in China who is good at digesting international comedy creative production experience and is deeply knowledgeable about the Internet. With the characteristics of entertainment consumption, and at the same time taking the lead in actively exploring the industrial production process and operation system, we look forward to the correlation between laughing fruit culture and the Chinese cultural system...

On the 20th, Shanghai Xiaoguo Culture Media Co., Ltd. announced the completion of a Series A financing of 120 million, led by Chinese Culture led by Li Ruigang, followed by Nanshan Capital and previous round investment institutions Yousu Capital and Price Capital. The previous Pre-A round of financing was completed by Yousu Capital and Wang Sicong's Price Capital.

According to public information, Xiaoguo Culture was established in Shanghai in 2014 with a registered capital of 1.416 million yuan. Since its establishment, the company has always adhered to the field of American talk shows and is committed to creating a closed-loop consumption of cultural products in the category of comedy talk shows in China. Comedy talk show programs aimed at cultivating new talk show artists and incubating new and higher potential have successively launched the country's first American talk show "Talk Show Tonight Post-80s", the comedy variety show "Tonight's Parkway", online comprehensive "Roast Conference", and offline experiential scene performance "Puchi Open Mai" and other American comedy IPs.

Judging from the broadcast data, the total number of screenings of "Roast Conference" in the first season exceeded 1.45 billion, of which the highest number of screenings in a single episode reached 210 million, and the number of readings on the topic of the same name # Roast Conference # on Weibo was nearly 1.15 billion. In addition, Xiaoguo Culture is preparing for the second season of "Roast Conference" and the new online comprehensive "Future Roast King".

Ye Feng, chairman of Xiaoguo Culture, said: "Chinese culture has a comprehensive and profound understanding of the cultural industry, and has in-depth operating experience and comprehensive resource accumulation in the entire media and entertainment industry chain. Xiaoguo Culture's ecological strategy and required resources in the comedy industry are very consistent with the concept and layout of Chinese culture in the field of media and entertainment. Comedy is a segment with a high threshold in the entertainment industry. In the next stage of the evolution of China's comedy industry, everything from artists, screenwriters, training, content, models, performances, to IP operations will require all-round investment and mutual promotion. This is the support that the Chinese cultural pan-entertainment industry chain platform can provide to Xiaoguo."

Li Ruigang, chairman of Chinese Culture, said: "Comedy is one of the core elements of entertainment content consumption. Chinese culture very much appreciates the innovative attempts of Laughuo Culture in the field of young comedy content. The team led by Ye Feng is currently a rare one in China who is good at digesting international comedy creative production experience and is deeply knowledgeable about the Internet. An outstanding creative group with the characteristics of entertainment consumption, and at the same time taking the lead in actively exploring the industrial production process and operation system. We look forward to in-depth cooperation between Laughuo Culture and relevant companies within the Chinese cultural system. Continue to maintain a leading edge in this unique vertical content area and give the market more surprises."

It is understood that after this round of financing, Xiaoguo Culture will focus on building a complete American comedy ecosystem, carry out upstream and downstream investment and layout along the vertical market segments of the American comedy industry, further improve the overall business model of Xiaoguo Culture, and launch future cooperation with Chinese culture at the comedy talent industry level to help the China comedy industry achieve the industrial ecological integration of internationalization and localization.

Editor: Nancy