Tencent signs US$280 million deal for streaming rights to 6,000 films and shows amid rivalry with short video apps

Source: China – South China Morning PostTencent Holdings has agreed to pay 1.8 billion yuan (US$284 million) to secure streaming rights for over 6,000 films and television series, as the Chinese social media and video gaming giant escalates efforts to retain the attention of online audiences, who are increasingly drawn to short video apps.Among the 6,332 films and TV shows that will become available on Tencent’s platforms in the next six years are Hong Kong director Ann Hui’s biopic The Golden Era, according to a filing by Beijing…Read More

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