Alibaba Group

Hollywood’s Schwarzenegger becomes “significant” investor in Genius Brands

Hollywood actor and former governor of the US state of California, Arnold Schwarzenegger, has become a “significant” investor in global entertainment company Genius Brands International. Schwarzenegger (Terminator: Dark Fate, Killing Gunther) will star in and co-produce a new animated children’s series with the company – Stan Lee’s Superhero Kindergarten – which is co-produced by Genius […]

Alibaba bolsters VOD services with Disney toons deal

Chinese conglomerate Alibaba has signed a deal with The Walt Disney Company that will bolster video streaming service Youku with more than 1,000 episodes of programming. Disney and Alibaba had previously launched an SVOD service, DisneyLife, together in China, but this was closed in April under the weight of the country’s strict rules on foreign […]

Youku Tudou CEO to oversee $1.5bn fund

The CEO of Youku Tudou has been named chairman of a US$1.5 billion digital media and entertainment investment fund. Victor Koo (pictured) will be chairman of a strategy and investment committee that will sit alongside an enlarged entertainment unit of Youku Tudou parent Alibaba Group, titled Alibaba Digital Media and Entertainment Group. This will have […]

Alibaba buys into Spielberg JV prodco

The entertainment arm of Chinese conglomerate Alibaba Group has acquired a minority stake in Amblin Partners, the joint venture prodco in which Steven Spielberg and Entertainment One are partners. Alibaba Pictures will coproduce, market and distribute feature films as part of the agreement, and gets a seat on the Amblin Partners board. Film director Spielberg […]

Verizon set to buy Yahoo assets for $4.8bn

Verizon has agreed to buy Yahoo’s core internet operations for US$4.8 billion in cash. The deal, which was announced today, will see Verizon buy Yahoo’s core assets and its real estate, leaving the company with its stakes in China’s Alibaba Group and Yahoo Japan. “The acquisition of Yahoo will put Verizon in a highly competitive […]

Alibaba to pay $3.7bn for ‘China’s YouTube’

Alibaba Group has entered into an agreement to buy ‘China’s YouTube’, Youku Tudou, for around US$3.7 billion, with the deal’s total value coming in closer to US$5 billion. The deal means e-commerce giant Alibaba will buy the shares in Youku Tudou it did not already owns, raising its stake from the current 18.3%. The overall […]

Alibaba offers $4.6bn to buy streaming platform

Chinese e-commerce conglom Alibaba Group is to buy out video streaming site Youku Tudou for US$4.6 billion. Alibaba currently has an 18.3% stake in the business, but is planning on buying the rest for US$26.60 per American depository share in an all-cash deal. The price set out in a proposal letter to shareholders of the […]

Lionsgate, Hunan in major financing pact

Hollywood studio Lionsgate will explore the international potential of Chinese TV series from broadcaster Hunan TV after the pair agreed a US$375 million film financing pact. Lionsgate will work with Hunan and its cable subsidiary, Hunan CATV Network Group Co, which has 15 million subscribers, “to explore opportunities for Hunan series outside China”. This is […]

Lionsgate, e-commerce giant create China streaming service

US media group Lionsgate has linked with Chinese e-commerce behemoth Alibaba Group to launch a subscription streaming service. Lionsgate Entertainment World (LGEW) will be an SVOD service for the lucrative mainland China market available through Alibaba’s latest generation set-top boxes. Lionsgate and Alibaba will jointly operate LGEW, which will offer Lionsgate shows such as upcoming […]