ChinaVision Media Group


Mubi gets $50m investment, plans China launch

Asian entertainment company Huanxi has invested US$50 million in arthouse film service Mubi, with a view to launching the video-on-demand offering in China. The pair will form a joint venture to launch Mubi China later this year. Huanxi will invest US$40 million in Mubi China and take a 70% stake in the business. The remaining US$10 million will be invested in […]

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 […]

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 […]