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[Dengxiaoping]

Chinese Film Distribution Giant Huaxia Partners With Hong Kong’s China Digital Licensing
BY THR STAFF
APRIL 26, 2019 3:55AM PDT
Huaxia, China’s second-largest film distributor, has entered into a strategic partnership with Hong Kong-based China Digital Licensing, the two companies announced Friday.

Huaxia and the China Film Group – both backed by the Chinese government — are the only two entities with official licenses to import and distribute foreign films in China.

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Hong Kong-based China Digital Licensing is a digital copyright licensing and distribution firm. It is listed on the Hong Kong Stock Exchange and claims to be the largest distributor of licensed music and sports content in mainland China. The company was a partner with the Chinese Olympic Committee in 2008 and says it accounts for 50 percent of all professional sporting event broadcasting and distribution in China. The new deal with Huaxia will accelerate an expansion into film and TV content distribution that the company launched in 2012.