The top media owner is Google, which is by some distance the world’s largest media owner, with revenues 47% higher than the second-largest, DirecTV. This gap has widened from 39% in last year’s edition of the report, as Google’s core search function has benefitted from the rapid rise in search volumes from smartphones and tablets. Among the rest of the top five, DirecTV remains in second place and Comcast remains in fifth. Disney has overtaken News Corporation to take third … [Read more...] about Chinese companies enter Top 30 Global Media Owners for the first time
China
Sina fined 5.1 million yuan for indecent content
Hong Kong’s The Standard reports that Authorities have slapped Sina Corp with a fine of 5.1 million yuan (HK$6.3 million) over "unhealthy and indecent content", the internet giant announced. The "administrative fine" was imposed by the Beijing Municipal Cultural Market Administrative Law Enforcement Unit, Sina said. Sina also said that the State Administration of Press, Publication, Radio, Film and Television notified it that the company's "internet publication license and … [Read more...] about Sina fined 5.1 million yuan for indecent content
Baidu’s iQiyi plans IPO within three years
Bloomberg News reports that Baidu Inc. (BIDU)’s iQiyi video website plans to hold an initial public offering within three years as it competes with Youku Tudou Inc. (YOKU) for China’s 618 million Internet users seeking movies and TV shows online. The Beijing-based site, which offers Mad Men and the South Korean drama My Love From the Star, is aiming for a valuation that surpasses Youku Tudou’s, Chief Executive Officer Gong Yu said in an interview in Beijing … [Read more...] about Baidu’s iQiyi plans IPO within three years
Passion secures sales at China-UK TV Summit
After setting down in China for the first ever China-UK TV summit, Passion has announced a raft of sales into the region, continuing its strong business in the territory. Most recently, Passion has completed a deal which sees over 25 hours of content head to the LeiHe group of channels in China. LeiHe has picked up two revealing The Weather Channel series Turbine Cowboys (4 x 30’) and Lights Out (4 x 30’), both part of the Braving The Elements strand (26 … [Read more...] about Passion secures sales at China-UK TV Summit
BesTV and Microsoft to bring Xbox One to China
Shanghai, China — Microsoft Corp. announced on April 30 that in partnership with BesTV New Media Co., a subsidiary of Shanghai Media Group, Xbox One will launch into China in September of this year. The all-in-one games and entertainment system will be the first of its kind to launch in the country, creating mutual opportunities for developers in China to bring their creative content to life both at home and abroad. Xbox One will offer content such as games, entertainment, education … [Read more...] about BesTV and Microsoft to bring Xbox One to China
Shanghai Disney Resort to accelerate expansion
Burbank, California – The Walt Disney Company announced on April 28 that it has reached an agreement with Shanghai Shendi Group, its joint venture partner in China, to accelerate the expansion of Shanghai Disney Resort. The increased investment of approximately 5 billion yuan (US$800 million) will be used primarily for additional attractions, entertainment and other offerings to increase capacity at the theme park, with the majority targeted to be completed for opening day. … [Read more...] about Shanghai Disney Resort to accelerate expansion