iQiyi, China’s leading subscription video streaming service, is listing shares on the New York-based NASDAQ stock exchange.
Exclusive access to a SVOD and VOD licensing agreement between iQiyi and a US-based motion picture studio that extends from 2013 to 2019.
Since launching in 2010, iQiyi has accumulated the most paid SVOD subscribers in China, however, calculating an accurate subscriber base is challenging.
China’s iQiyi online video service entered into a streaming output agreement with Warner Brothers.
Lionsgate entered into a long-term content licensing agreement with iQiyi in November 2016 for upcoming features and select library films.
iQiyi, a Chinese online video site owned by Baidu, announced in December that the company is coproducing a three-part local-language series with Sony.
In a shocking spectacle of insider dealing, the Chairman of Baidu, along with others announced plans in February 2016 to buyout iQiyi from Baidu for $2.3B.
China’s online video market is massive: there are 660 million internet users, and 75% of those consume video content online. However, the SVOD model is new.