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Wanda Film Q1 is expected to lose 600 million yuan; Perfect World has invested in Feishu

author:Mirror Entertainment

The Pingyao International Film Festival will be held as scheduled

On April 14, director Jia Zhangke announced on his Weibo that the 4th Pingyao International Film Festival is scheduled to be held from October 10 to October 19, 2020, and the preparations are progressing smoothly. "At this difficult time, our curation, film selection, design, material production, event coordination and business cooperation are still in an orderly manner, thank you for the support of our partners in terms of human, material and financial resources." We will open as scheduled for October 10th and continue to do what we can. ”

Wanda Film Q1 is expected to lose 600 million yuan; Perfect World has invested in Feishu

"Fox Hunting" began broadcasting

On April 14, "Fox Hunting" released the opening poster, which was broadcast at 7:30 pm tonight on Oriental Satellite TV and Beijing Satellite TV, and followed by Tencent Video, iQiyi and Youku at 10 pm.

Wanda Film Q1 is expected to lose 600 million yuan; Perfect World has invested in Feishu

"Report to the prince, the princess is a cat" is finalized

On April 14, "Report Wang Ye, Princess is a Cat" released a final poster and trailer, announcing that it will officially land on the iQIYI platform at 12:00 on April 20. Directed by Tan Youye, the drama is adapted from Yun Zhongyue's novel of the same name, starring Yuan Yuxuan, Zhang Jiongmin, Chen Pinyan, Cai Xiangyu, Gao Zhiyang, Wang Youjun and Zhang Lei, with Sun Zelin special starring.

Wanda Film Q1 is expected to lose 600 million yuan; Perfect World has invested in Feishu

"Midnight Song" released a 4K restored version of the trailer

On April 14, "Midnight Song" released a 4K restored version of the trailer, due to Rentai's directing, Zhang Guorong, Wu Qianlian, Huang Lei, etc., the restored version will be released in Taiwan on June 5.

HBO will create a new crown epidemic theme drama "At Home"

On April 14, HBO Europe will create the COVID-19 drama series En Casa (translated as En Casa). Latticia Dorella (A Guide to the Behavior of Ordinary People), Rodrigo Sologoyan (Kingdom), Paula Ortiz (The Blood Bride), Carlos Márquez Marcete ("Love Miles"), Elena Martín ("She is Julia"), five Spanish directors each direct an episode, each of which is asked to shoot in their own home, observing the problems encountered at home from different perspectives, each lasting 15 minutes. The show is scheduled to air in the coming weeks.

Two disney-owned animated films were postponed

On April 14, due to the impact of the new crown epidemic, two animated films under Disney's umbrella announced the postponement of their release. Originally scheduled to be released in North America on June 19 this year, "Journey of the Mind" has been postponed to November 20. "The Last Dragon of Raya" was originally scheduled to be released in North America on November 25 this year, but it has been postponed to March 21, 2021.

Wanda Film Q1 is expected to lose 600 million yuan; Perfect World has invested in Feishu

Trolls 2 set a record for global digital distribution

On April 14, "Troll 2" landed on North American on-demand and streaming media platforms on April 10, setting a record for global digital distribution in its first weekend, and its rental/on-demand number of times exceeded the second place "Jurassic World 2" by 10 times. The film topped the on-demand list on streaming platforms such as Amazon, Comcast CMCSA, Apple AAPL, Vudu, Google/YouTube, DirectTV, Verizon Fios and FandangoNow.

Wanda Film Q1 is expected to lose 600 million yuan; Perfect World has invested in Feishu

Mango TV and PP videos cancel the default auto-renewal

On April 14, according to the Southern Metropolis Daily, Mango TV and PP Video have submitted rectification reply letters respectively. Mango TV said that the rectification plan has been completed by April 9, and pp video said that the rectified and updated platform will be launched in the near future. In response to the problem of unclear description of advertising privileges, Mango TV and PP Video promised not to use absolute descriptive promotional terms such as "no ads", and have been comprehensively rectified in place; further define the advertising rights and interests of members, and clearly inform users of the scope of advertising privileges enjoyed. Regarding the default check auto-renewal issue, Mango TV and PP Video both said that the default auto-renewal function has been cancelled and opened by consumers after checking it independently.

Wanda Film pre-lost 650 million yuan in the first quarter

On April 14, Wanda Film announced that it expects a loss of 550 million to 650 million yuan in the first quarter of 2020, compared with a profit of 400 million yuan in the same period last year. Wanda Film said that in the first quarter, due to the impact of the new coronavirus epidemic, Wanda Film's operating performance is expected to show a large loss, mainly due to the fact that since January 23, 2020, the company's theaters have all been closed due to the impact of the epidemic, and the films planned by Wanda Film and Television during the Spring Festival have not been released as scheduled. During the forecast period, the company's film screening revenue fell sharply, while the fixed cost expenses were relatively rigid, resulting in a significant decline in the company's operating performance.

Focus Media's first-quarter pre-net profit fell 92%

On April 14, Focus Media released its first quarter 2020 results forecast. It is expected that the net profit in the first quarter will be 28 million yuan to 42 million yuan, down 87.66% to 91.77% year-on-year. Focus Media said that due to the impact of the new crown pneumonia epidemic, the demand for domestic advertising markets has dropped sharply compared with the same period last year, resulting in a year-on-year decrease in the company's operating income.

Netflix with comic book dealer Boom! Sign a preliminary agreement

It is proposed to adapt the manga into a TV series

On April 14, Netflix announced its partnership with comic book publisher "Boom! Studios "reached a preliminary agreement, according to Boom!" The comic book series launches a new TV series. Boom! and Netflix are currently working on a feature film based on the comic strip novel Unsound. The two companies have previously collaborated on a comic book related to the 2019 series Dark Crystal: Age of Resistance.

SM Entertainment Korea and NAVER have partnered

On April 13, SM Entertainment and NAVER signed an agreement to jointly promote their global business. Through the signing of a memorandum of understanding, the two companies will strengthen multi-faceted cooperation aimed at strengthening the competitiveness of their global businesses. The two sides said that they will combine SM's entertainment content production capabilities with NAVER's global platform operation experience and technical capabilities to launch new digitally based video content with the global market as the center. As part of this, the live concert streaming service Beyond LIVE will be launched in mid-April.

Perfect World takes a stake in Feishu Interactive

According to the data of Tianyancha, recently, the operating entity of Feishu Interactive, Feishu Digital Technology (Shanghai) Co., Ltd., has changed investors, adding four new shareholders, namely Perfect World Co., Ltd., An A-share listed company Perfect World Co., Ltd., Chongqing Yake Technology Development Co., Ltd., Gongqingcheng Yueyun Investment Partnership (Limited Partnership) and Shen Yiming. Among them, Perfect World is the fifth largest shareholder of Chengfeishu Interactive, with a shareholding ratio of 6.25%. According to the official website, Feishu Interactive is an official authorized agency of Facebook in China, which has served 10,000 customers.

Wanda Film Q1 is expected to lose 600 million yuan; Perfect World has invested in Feishu

Switch consoles will resume shipping in Japan this week

On April 14, Nintendo announced through its official Twitter that switch consoles that are out of stock due to the pandemic will resume shipping in Japan this week. "Collection! The Animal Friends Limited Edition is expected to be officially shipped in late April, and most of the items will be sold online.

Himalaya Live Releases "Spring Birth Plan"

Recently, Himalaya Live Released the "Spring Life Plan", for high-quality guilds, MCN institutions, voice actor studios, launched six major measures such as share reform, traffic upgrade, ecological empowerment, copyright blessing, guild training, anchor transportation, etc., investing a total of 1 billion traffic, and planning to build 100 live broadcast guilds with millions of monthly income in 2020. Among them, the threshold for sharing rewards has been greatly reduced, and multi-file incentive sharing has been set, the basic share of anchors has changed from 33% to 50%, and the duration requirement has been reduced from 60 hours to 30 hours.

Station B set up a strategic development department and a strategic investment department

On April 14, Bilibili split the Corporate Development Department and established the Strategic Development Department and the Strategic Investment Department respectively. The former is responsible for Jiayi, and the latter is transferred by Zhang Shengyan, the former copyright head of Station B. Station B will further broaden the main station categories and business areas, of which music and education will be the direction of exploration. A person familiar with the matter said that in the future, it is not ruled out that a separate first-level department of the music business will be established. In addition, Station B is also developing a video editing tool similar to clipping and fast shadow. At the same time, the technical department of Station B was recruiting a team to do visual effects.

Wanda Commercial Management intends to issue 5 billion medium-term notes

On April 14, Wanda Commercial Management Group Co., Ltd. disclosed its plan to issue the first medium-term notes in 2020. According to the data, the registered amount of the bill is 5 billion yuan, the basic issuance scale is 2 billion yuan, and the upper limit of the current issuance is 5 billion yuan. The issue period is 3 years. Wanda Commercial Management announced that the medium-term notes are intended to be used to replace the existing interbank market debt financing instruments in the local area.

iFLYTEK pre-lost 135 million yuan in the first quarter

On the evening of April 13, iFLYTEK announced that it expects a net profit loss of 125–135 million yuan in the first quarter of 2020. The company made a profit of 102 million yuan in the same period last year. The company said that the new crown epidemic has greatly delayed the progress of the implementation, delivery, acceptance and other related work of the company's projects in the first quarter, so it has also affected the progress of revenue realization.

Chairman Kunlun Wanwei resigned

On April 13, Kunlun Wanwei issued an announcement that the company's board of directors recently received a written resignation report from chairman Mr. Zhou Yahui, who resigned as chairman. On the same day, the board of directors agreed to elect Wang Liwei as the chairman of the third board of directors of the company. The announcement said that due to the rapid spread of the new crown epidemic in Africa, it has brought great challenges and opportunities to Zhou Yahui's entrepreneurial project Opay, and Zhou Yahui, as the full-time CEO of Opay, needs to invest more time and energy in Africa and OPay, so he applied to the board of directors to resign as the chairman of the company.

Zhang Lidong stepped down as the legal person of byte's music short video platform

According to Tianyancha data, on April 10, Shanghai Wenxue Network Technology Co., Ltd., the operating entity of ByteDance's music short video creation App "musical.ly", underwent industrial and commercial changes, Zhang Lidong stepped down as the legal representative, and Chen Tao took over. The business scope of Shanghai Wenxue Network Technology Co., Ltd. includes technology development, technical consulting, technology transfer, technical services and so on in the field of network technology. According to the shareholder information of Tianyancha, the company is a wholly-owned subsidiary of Beijing Aggregate Yisuan Technology Co., Ltd., which is wholly owned by ByteDance Co., Ltd.

Wanda Film Q1 is expected to lose 600 million yuan; Perfect World has invested in Feishu

iQIYI establishes two new companies

The registered capital is a total of 60 million yuan

According to the data of Tianyancha, on April 8, Beijing iQIYI Technology Co., Ltd. increased its foreign investment and established Beijing Deyang Entertainment Culture Media Co., Ltd., the company's legal representative is Xue Dandan, and the registered capital is 30 million yuan. In addition, on April 3, iQIYI also invested in the establishment of a new company, Shanghai Shiyue Culture Communication Co., Ltd., whose legal representative is Che Che, vice president of iQIYI, with a registered capital of 30 million yuan.

Wanda Film Q1 is expected to lose 600 million yuan; Perfect World has invested in Feishu

YouTube news views rise 75%

On April 14, According to foreign media reports, YouTube chief product officer Neil Mohan said in an interview with Bloomberg TV that the number of news views on YouTube in recent weeks has increased by 75% compared with the same period last year. Millions of people are currently using YouTube to stay up-to-date on the COVID-19 pandemic.

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