New York – Xuechu He, who was named #38 on Forbes richest Chinese list in 2010 with a net worth of RMB 12 billion, purchased a stake in YOU On Demand from C Media Limited ("C Media"), a mobile video service provider in China, in a private stock transaction. He purchased 2,285,715 restricted Series E convertible preferred shares. "Mr. He has great appreciation for C Media's long-term strategic view of YOU On Demand and its ability to capitalise on China's fast-growing mobile, OTT and … [Read more...] about Xuechu He invests in YOU On Demand
China
CCTV picks up Red Arrow International’s “Schiller Street”
Munich – China’s largest TV channel, CCTV1, has picked up the format rights for Red Arrow International’s improv comedy Schiller Street. Set to premiere on June 6 under the local title Joy Street, the show will also be accessible through online streaming and free online VOD on major Chinese internet platforms. Having already been sold to 20 countries across Europe and Africa, (including France, Russia, and South Africa), Schiller Street is now … [Read more...] about CCTV picks up Red Arrow International’s “Schiller Street”
CJ E&M to co-produce “We Are Men 2” with Giant Media
Seoul, Korea – CJ E&M announced on May 20 that it will co-produce the drama We Are Men 2 with Chinese firm Giant Media Co., Ltd. Starring Korean and Chinese actors Park Hae-jin, Zhang Liang, and Fu Xinbo, the drama is scheduled to air in 2015. Chinese director Tan Ruru, who also directed We Are Men, will be in charge of producing the 36-episode drama. Aired by Zhe Jiang Satellite TV in 2011, the first season of We Are Men, which portrayed the … [Read more...] about CJ E&M to co-produce “We Are Men 2” with Giant Media
Globo renews partnership with CCTV
Chinese Central Television (CCTV) has just renewed its partnership with Globo. CCTV is the largest national television channel in China, belonging to the Ministry of Radio, Television, and Film of China, and it will show the best of Brazilian football in its grid. The Chinese broadcaster renewed the transmission rights for three more years for the Brazilian League and the São Paulo State League, as well as the sports programmes FootBrazil Magazine and FootBrazil … [Read more...] about Globo renews partnership with CCTV
Global digital TV conversion to increase by 131 million
Based on forecasts for 138 countries, the number of digital TV homes will increase by more than 1 billion between 2010 and 2020 to 1.68 billion – or up by 185%, according to a new report from Digital TV Research. The Digital TV World Household Forecasts report estimates that the digital TV total will climb by 131 million in 2014 alone. Global digital TV penetration will reach 97.9% of television households by end-2020, up from 40.5% at end-2010 and 67.7% at end-2014. By 2020, 94 countries … [Read more...] about Global digital TV conversion to increase by 131 million
“My Love from the Star” to be released as a movie in China
The Korea Herald reports that Korea’s popular drama My Love from the Star will be released this summer as a movie in China, according to Chinese news reports on May 7. Meng Jiang Wei, a Chinese movie production company, bought the publication rights for the drama. The movie will compact the 21 episodes for a two-hour run time. The film will include not only key scenes but also unreleased footage and scenes, according to the reports. My Love from the Star features the … [Read more...] about “My Love from the Star” to be released as a movie in China