Orient Hontai will increase its shares in Spain’s TV group Mediapro by 30 per cent, up to 85 per cent for €620 million, according to El Confidencial. The Chinese group will pay €400 million to amortise part of the Mediapro’s debt €900 million whereas the rest, €220 million will be destined to increase the social […]
A Chinese broadcasting satellite was launched on September 9th and is ready for 4K and 8K transmissions. The satellite (Zhongxing-9B) was launched from the Xichang Satellite Launch Center in southwest China’s Sichuan Province on a Long March-3B rocket on its 388th mission. The craft is designed to operate for at least 15 years and will […]
The International Olympic Committee (IOC) has announced that the China Media Group (CMG) has been awarded the exclusive broadcast rights in the Chinese mainland and Macau (SAR) for the XXV Olympic Winter Games in Milano Cortina in 2026, the Games of the XXXIV Olympiad in Los Angeles in 2028, the XXVI Olympic Winter Games in 2030, […]
The enthusiasm for video games and gaming shows no signs of fading. Industry data shows that global stock market growth for the games sector was up 3.6 per cent last week. Even the more modest indicator from Morgan Stanley (the MSCI World) Index showed growth for the week of 1 per cent. But there could […]
Beyond Rights has announced that one of its newest kids’ shows, Turbozaurs, is heading to China in a two season deal with Youku, the streaming platform of Alibaba Digital Media and Entertainment Group. The two 26 x 7 series will launch on Youku in November, and will be available to stream, both online and through […]
On August 14th, astrophysicist and satellite tracker Jonathan McDowell, who’s based at the Harvard-Smithsonian Center for Astrophysics in Cambridge, Massachusetts, Tweeted that a small piece of a Russian rocket (officially Object 48078, 1996051Q) had hit a Chinese satellite (Yunhai 1-02) which was damaged on impact. The Russian Zenit-2 rocket launched back in September 1996 and […]
China’s tough crackdown on certain technology sectors, including Jack Ma’s Alibaba and Tencent, has resulted in Tencent being the world’s worst stock-market performer. Tencent lost 23 per cent of its value in July, wiping out some Rand 2.5 trillion (€143bn) of market value. Nine of the top ten losers in market value during July were […]
The total pay-TV services revenue in China is set to decline at a compound annual growth rate (CAGR) of 0.5 per cent from $32.9 billion (€27.8bn) in 2020 to $32.1 billion in 2025, due to the growing preference for OTT video streaming services and falling pay-TV average revenue per user (ARPU), according to GlobalData, a […]
China’s State Council has made some substantial interventions on internet businesses, and in particular the education sector. The rules for private education companies including a ban on profits, a ban on raising capital or going public with tutoring at weekends and vacation banned for the sector. The fresh rules have severely impacted China-based internet businesses […]
China’s fixed broadband service revenue is poised to increase at a compound annual growth rate (CAGR) of 3.6 per cent between 2021 and 2026 driven by continuous rise in high fibre-to-the-home (FTTH) subscriptions and FTTH average revenue per user (ARPU), according to GlobalData, a data and analytics company. An analysis of GlobalData’s China Fixed Communication […]