www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Economy

Baidu prepares to enter film industry

By Huang Ying (China Daily) Updated: 2014-02-11 23:41

Baidu Inc, China's largest Internet search engine, is planning to enter the film production sector with a newly established venture — Aquamen Entertainment, according to The Hollywood Reporter.

The venture will be based in Los Angeles. The first feature from the company will be a $40 million animation feature — Kong, based on the Chinese classic novel Journey to the West but focusing on the original story of the titular character as well as involving Hollywood sci-fi elements, such as aliens and robots, the reports said.

The report also said that the venture will be run by South Korean filmmaker Jeongjung Kim and Chinese producer Gary Zhang. Kong will be developed in partnership with a South Korean animation studio, but it is quite likely to hire a Hollywood director for the production.

The Internet search provider declined to comment on Tuesday.

The venture marks Baidu's founder and Chief Executive Officer Robin Li's first foray into the film production business, despite the company's previous acquisition of iQiyi, a popular online video website.

In May of last year, Baidu purchased PPStream Inc's online video business for $370 million to compete with the country's top online video services provider. PPS will continue to operate as a sub-brand of iQiyi, according to the company statement.

"It's a natural move for Baidu to enter the movie production area at this moment," said Shao Gang, deputy director of consulting for the culture and entertainment industry at Horizon Research Consultancy Group in Beijing.

Shao said: "It's the right time for companies to consider investing in the content production sector while the big picture of the domestic online video broadcasting channels has almost been set, making it more difficult to exploit profit in the industry."

"The need for providing exclusive video content has become more and more urgent among the online video providers," said Shao.

So far, dominant online video platforms include Youku Tudou Inc and iQiyi.

"As an Internet search engine giant, Baidu has good resources and platforms to promote its productions as well as marketing campaigns," said Huang Qunfei, general manager of Beijing New Film Association Co Ltd, one of China's largest theater chains.

Also, its adequate supply of capital makes a great advantage in the filmmaking sector, which involves high risk for investment returns, the industry analysts said.

The IT giant reported total revenues of $8.89 billion in the third quarter of last year, up 42.3 percent year-on-year, according to the company's financial reports.

Analysts also said it will be a boost to China's animation features production, which has lagged behind its Hollywood counterparts for a long time.

"But signs have shown that Chinese animated films are improving in quality thanks to the development of technologies and growing investment," said Liu Cuiping, a research manager at EntGroup Consulting, a Beijing-based entertainment industry consultancy.

Of the highest-grossing animation features last year, five domestic productions made it onto the top 10 list, with the most successful reaching fourth place, according to the EntGroup Consulting.

The US animated film The Croods topped the list with total ticket sales of 393.9 million yuan ($65 million), while The Mythical Ark: Adventures in Love & Happiness, the fourth-place domestic animated feature, took in only 124.9 million yuan in box office, statistics from EntGroup Consulting showed.

"There will be a growing trend in the industry for content producers to team up with Internet media operators, as more and more industry insiders have found that content production develops far behind the content distribution platforms," said Shao.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 国产精品一区伦免视频播放 | 国产高清a毛片在线看 | 欧美综合一区二区三区 | 中文字幕亚洲视频 | 黄免费看| 国产一级成人毛片 | 国产高清精品毛片基地 | 久久久9视频在线观看 | 狠狠综合久久久久综合 | 亚洲精品久久久久综合91 | 久久久久综合国产 | 中文乱码字幕午夜无线观看 | 成人影院欧美大片免费看 | 成人久久18免费网 | 成人国产网站v片免费观看 成人国产午夜在线视频 | 精品一精品国产一级毛片 | 亚洲国产一区二区三区四区 | 91av在线免费观看 | 91pao强力打造免费高清 | 国产肥老妇视频一 | 免费一级网站免费 | 亚洲精品综合一区二区三区 | 国产自在自线午夜精品 | 国产精品国产高清国产专区 | 欧美成人精品免费播放 | 最新欧美精品一区二区三区不卡 | 乱淫67194| 国产在线拍揄自揄视精品不卡 | 毛片免费在线 | 日韩丝袜美腿 | 97超级碰碰碰碰在线视频 | 成人影视免费 | 2021国产成人精品久久 | 在线看片欧美 | 99久久一区 | 亚洲天堂免费观看 | 国产成人香蕉久久久久 | 国产成人福利视频在线观看 | 欧美aaa性bbb毛片 | 成人免费xxx色视频 成人免费大片a毛片 | 免费一级a毛片 |