ALU

iQiyi

Announcing the latest TechNode podcast: The China Tech Investor podcast

Each week, the two look at their watchlist and talk about what’s happening with listed Chinese tech companies. Original Link

iQiyi raised its revenues by 51% in Q2 2018

China’s leading content distribution and entertainment platform iQiyi released its second quarter fiscal results since it landed in Nasdaq in March. The company showed good potentials and narrowing down its losses, despite its CEO Gong Yu said it’s still not likely for iQiyi to profit even by the release of the next quarterly results. Performance Data […] Original Link

iQiyi: What to expect from the integration of AI and entertainment

iQiyi: What to expect from the integration of AI and entertainment · TechNode

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iQiyi is leveraging their AI for editing and casting. Starring roles will still be decided by humans

iQiyi is leveraging their AI for editing and casting. Starring roles will still be decided by humans · TechNode

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iQiyi to include FilmNation content in its lineup

iQiyi to include FilmNation content in its lineup · TechNode

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iQiyi reports 57% increase in revenue

iQiyi reports 57% increase in revenue · TechNode

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China’s top apps user respond to user privacy concerns



China’s top apps user respond to user privacy concerns · TechNode



























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China’s movie makers are leveraging iQiyi’s data to make the next blockbuster



China’s movie makers are leveraging iQiyi’s data to make the next blockbuster · TechNode
































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Baidu invests RMB 1.1 billion into smart TV which will integrate DuerOS



Baidu invests RMB 1.1 billion into smart TV which will integrate DuerOS · TechNode


























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Baidu’s iQiyi said to have filed for $1 billion US IPO



Baidu’s iQiyi said to have filed for $1 billion US IPO · TechNode
























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iQIYI nabs exclusive China rights to acclaimed films of 2017

Baidu-owned iQIYI, widely regarded as a Netflix of China, has announced that it secured exclusive online broadcasting rights in China for six films nominated by this year’s Golden Globe Awards, including the acclaimed “Three Billboards Outside Ebbing, Missouri” and “The Shape of Water.”

This means film buffs will not be able to watch these films through the other Chinese video platforms such as Alibaba’s Youku-Tudou and Tencent Video. The video streaming sector in China has become hotly contested as players clamor to squeeze out competitors with big checks for exclusive rights, patents, as well as original productions.

Earlier this year iQIYI also picked up exclusive China rights to “La La Land” and “Moonlight”, two clear favorites among the film critics in 2016.

“Through the precise prediction of AI and big data, and coordination between our experienced procuring teams, iQIYI will continue to capture quality movie resources, delivering a more international angle and more superior content,” says iQIYI in a statement.

Protectionism has prevented Netflix and Amazon from entering China, but even local players are not guaranteed to import foreign content without a hitch. Ahead of China’s top-level political reshuffle in October, several major streaming sites took off the majority of their foreign dramas and movies, either at the government’s behest or voluntarily. Piracy crackdown is often cited as the official explanation, but insiders reckon the cleanup might also be a result of protecting China’s domestic content and giving media watchdogs more ideological control.

According to data from QuestMobile in June, iQIYI topped the ranks for users with a 36.6% penetration rate. Tencent Video and Youku followed at 32.9% and 13% respectively. The war on exclusive rights, coupled with affordable subscription fees, has prompted Chinese users to pay for more than one video streaming services.

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Youku signs licensing deals with NBCUniversal and Sony Pictures Television

Youku, the video hosting and streaming arm of the Alibaba Digital Media and Entertainment Group, today announced the signing of two significant licensing deals with NBCUniversal and Sony Pictures Television.

As a result of the deals, subscribers to the Youku service will be able to watch hundreds of films from NBCUniversal and Sony Pictures Television’s respective libraries for no additional fee. The films are also available to all Youku users via multiple Youku distribution channels, including its flagship online platform, SmartTV solutions, and set-top boxes.

The multi-year agreements with NBCUniversal and Sony Pictures Television will not only add to Youku’s already broad content offering, but they also reinforce the strength of the partnerships that Youku has with these studios.

Tencent video, iQiyi, and Youku are the top3 video startups in China (Image Credit: QuestMobile)

Tencent video, iQiyi, and Youku were named as the top 3 video apps in China (Source in Chinese), according to QuestMobile’s data on 2017 2Q.

In China, where YouTube, Netflix, and Amazon have been unable to penetrate, there is certainly a content war between many video streaming players in China trying to work with these US players to stream their popular content in China. The leading online video and streaming service platforms in China are trying to partner with international studios that own content IPs that can bring in other sources of revenue. They are also busy doubling down on their original content.

Yang Weidong, President of Youku, Alibaba Digital Media and Entertainment Group said, “I am confident that expanding our relationships with more international studios will further enhance our platform’s penetration into the home entertainment business and push the online video and OTT (over the top) businesses to greater heights.”

The agreements will also enable Youku users to have faster access to the latest and upcoming movies from each of the two studios such as Sony’s Blade Runner 2049, which was recently released in the cinemas and was highly acclaimed in China, and Jumanji: Welcome to the Jungle.

NBCUniversal will provide Youku with a full lineup of blockbuster Hollywood movies, including the entire collection of films from hit franchises such as The Fast and the Furious, Despicable Me, The Mummy and more. Sony Pictures Television will provide award-winning movie series such as Resident Evil, The Smurfs, and The Spider-Man.

To offer its users the best film offerings, Youku has been aggressively signing deals with international studios since 2015. Youku has also partnered with Disney, Warner Bros., Paramount, FOX and other major Hollywood companies.

Youku claims that its content reaches 580 million devices such as mobile phones, PCs, and televisions with 1.18 billion daily video views, as well as a wide selection of acquired movies in its library.

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