WOW. I guess Warner Brothers is bigger then Disney and NBC and the NHL and Boom and Archie and Yoshiki and A Squared and NE-YO and Todd MCfarlane and The History Channel and Shonen and Ultimo and Stipperella and of course that pretty much non changing stock structure and unreal tiny float??????
...Youku.com Inc. (YOKU), China’s largest online video site, jumped the most in six months in New York trading after partnering with Warner Bros. to offer U.S. video- on-demand titles to Chinese Internet users.
The company’s American depositary receipts soared 31 percent to $35.93 at 2:02 p.m. New York time. It earlier surged 33 percent, the biggest intraday gain since December.
Youku signed a digital distribution agreement with CAV Warner Home Entertainment Co Ltd. in China, it said in a statement today. Youku will add a total 400 to 450 Warner Bros. films to its content library under the three-year contract, it said.
To contact the reporter on this story: Belinda Cao in New York at lcao4@bloomberg.net
To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net
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POWN. Peace!
