Tencent

Tencent to take 10% stake in Vivendi’s music arm, with more likely

French media giant Vivendi has signed its deal with a consortium led by China’s Tencent giving the latter a 10% stake in Vivendi’s most successful operating unit, Universal Music Group (UMG). The deal, which gives UMG a total enterprise value of €30 billion, also gives the consortium an option to acquire an additional stake of […]

Tencent and NBA renew China deal

The National Basketball Association and Chinese giant Tencent have announced a five-year expansion of their existing partnership. The deal will see Tencent provide extensive NBA coverage on its platforms through the 2024-25 NBA season, including live NBA games, NBA programming and interactive fan experiences. Tencent is currently the NBA’s largest partner outside the US, and […]

Ampere: three of world’s top five SVOD providers are Chinese

Three of the top five SVOD services by subscriber numbers are now Chinese, according to a report by Ampere Analysis. According to Ampere, Baidu-backed iQiyi, Alibaba’s Youku-Tudou and Tencent-owned Tencent Video collectively achieved rapid growth following a shift from advertising revenues to premium subscriptions. According to the analyst outfit, 44% of Chinese internet users subscribe […]

MPA forecasts Asia-Pacific online revenues will double by 2024

Asia-based consultancy Media Partners Asia (MPA) predicts that revenues from online video subscriptions and advertising across Asia Pacific will hit $52 billion in 2024. The figure, released ahead of MPA’s annual APOS Summit (held this year in Bali, Indonesia), is double the $26 billion forecast that MPA has given for this year. MPA said China […]

Naspers to spin off MultiChoice at end of February

South African conglomerate Naspers is to move ahead with its spin-off of pay TV group MultiChoice on February 27, giving Naspers shareholders a direct stake in the pay TV outfit and listing the company on the Johannesburg stock exchange. In its statement ahead of the listing on the Johannesburg stock exchange, Naspers said that it […]

BBC and China’s Tencent to launch BBC Earth fan community

The BBC’s content arm, BBC Studios, has partnered with Chinese internet services provider Tencent to launch a new BBC Earth fan community called BBC Earth Tribe. The BBC Earth Tribe site is due to go live this evening in China and will offer more than 650 hours of BBC Studios’ natural history and documentary programmes, […]

Tencent e-books unit acquires film and TV studio for US$2.25bn

China Literature Limited, the publically listed e-books unit of Tencent holdings, is set to acquire film and TV studio New Classics Media (NCM) for US$2.25 billion. NCM is a renowned TV series, web series and film producer in China with a track record of creating popular content from The First Half of My Life (pictured) to Yu Zui. […]

Zoomin.TV agrees long-form series deal with Tencent

MTG-owned online video network Zoomin.TV has agreed to produce a six-episode original long-form series for the Chinese Internet giant Tencent. Reality knock-out show The Amazing Drone Race (6×25’) will be distributed on Tencent’s video platform and will be filmed half in China and half on location around the world. “We’re very pleased to extend and intensify […]

Tencent agrees UK trade deal that includes TV development with the BBC

Chinese internet giant Tencent has signed a cultural creative industries trade deal with the UK that will see it work with the BBC to co-produce and develop content. A memorandum of understanding was signed by Tencent and the Department for International Trade in London today, with the wide-ranging deal to cover various cultural creative initiatives […]

MTG’s Zoomin.tv targets China with Tencent deal

MTG-owned online video network, Zoomin.tv, is setting its sights on China after partnering with domestic internet giant Tencent. Zoomin.tv is now making video stories available via Tencent’s mobile messaging service WeChat, its social networking site Qzone and its news app Tian Tian Kuai Bao. Zoomin.tv said it is targeting some 1.5 billion Chinese viewers across the Tencent […]

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