Alibaba


Alibaba’s Youku taking Saturday Night Live into China

A Chinese Saturday Night Live (SNL) is in the works, with Alibaba-owned online platform Youku making a local version of the long-running NBC comedy series. China’s SNL will be the flagship entertainment show in Youku’s fall/winter line-up. The format is distributed by NBCUniversal, which struck the Youku deal. It is the latest agreement for a local version […]

Netflix breaking into China with iQiyi deal

Netflix has inked a deal with Chinese SVOD service iQiyi, which will carry its originals in the country, according to reports coming out of the ongoing Apos conference in Bali. Netflix has been keen to get into the Chinese market but thwarted in its efforts to date, with regulators inclined to promote local services first. […]

AR and VR investments reach $2.3bn

The amount of money invested last year in virtual and augmented reality companies more than tripled compared to 2015, according to new research. Digi-Capital’s new ‘Augmented/Virtual Reality Report and Deals Database’ said that venture capitalists and corporate investors put US$2.3 billion into AR and VR startups in 2016, compared to some US$700m in 2015. AR […]

Alibaba OTT nets bag exclusive DreamWorks deal

Alibaba’s over-the-top services in China will get exclusive access to content from Oriental DreamWorks after signing a three-year agreement. Included in the deal is upcoming SVOD series Trollhunters (pictured), which previously did not have a home in China as Netflix does not have distribution in the territory. Films such as Kung Fu Panda, Shrek and […]

Alibaba’s Youku Tudou deal approved

Youku Tudou shareholders have approved a deal that will see it acquired by Chinese e-commerce giant Alibaba. China-based streaming service Youku Tudou said yesterday that 99.8% of it shareholders had voted in favour of the Alibaba deal, which was first mooted last November. Alibaba already owned 18% of Youku Tudou after a US$1.2 billion deal […]

Viacom expects Paramount stake sale soon

Viacom chairman and CEO Philippe Dauman expects to have agreed to sell a stake in film studio Paramount Pictures by the end of the next financial quarter. Various analysts and commentators have speculated minted Chinese companies such as e-commerce giant Alibaba were likely buyers of the “significant” minority stake, which was put up for sale […]

Disney, Alibaba launch SVOD service

The Walt Disney Company and Alibaba Group are today launching a subscription OTT service in China. The launch represents the second market new Disney OTT brand DisneyLife has launched in, coming after its UK bow. The Mickey Mouse-themed platform is being made available for presale today, and costs RMB799 (US$125) for a one-year subscription via […]

NBCU SVOD deal with China’s Alibaba

Chinese e-commerce giant Alibaba has bought a package of content from NBCUniversal for its Tmall Box Office streaming service. The agreement gives Tmall Universal Pictures’ new releases as well as films from its library. Titles including Minions and older films including Fast & Furious 7 and Jurassic World will be on the TMall service. Kevin […]

Lionsgate chairman to sell 10 million shares

Lionsgate Entertainment chairman and key shareholder Mark Rachesky is to sell 10,000,000 shares in the US studio. Rachesky is offering the shares via his investment firm, MHR Fund Management, and gives underwriter J.P. Morgan Securities a 30-day option to purchase 1,500,000 shares. This will reduce Rachesky’s stake by about 7% from the current 35%, and […]

Alibaba ‘eyes $1.6bn Lionsgate stake’

Chinese e-commerce giant Alibaba is reportedly set to move for a 37.4% stake in US studio Lionsgate. According to the New York Post, Alibaba wants to acquire Lionsgate chairman Mark Rachesky’s stake, which is said to be worth around US$1.6 billion. Should a deal go through, Alibaba would become the Orange is the New Black […]