Replies to post #244913 on Hannover House Inc (HHSE)

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iQiyi: Largest Online Video Site In China; (20_Million_Subscribers)

Filmart: iQiyi's 'Kung Fu Traveler' Set for North American Debut

iQiyi is an online video platform based in Beijing, China launched on April 22, 2010. iQiyi is currently the largest online video site in China.

History

iQIYI was founded on April 22, 2010 by Baidu, which is China’s largest online search engine, and Providence Equity Partners. On November 2, 2011, iQIYI purchased the online license for Transformers 3 in mainland China from Paramount. On November 2, 2012, Baidu bought Providence’s stake and took 100% ownership of the site. On May 7, 2013, Baidu purchased the online video business of PPStream Inc. for $370 million, which became a subsidiary of iQIYI. On July 17, 2014, the site launched its film production division, iQIYI Motion Pictures, to expand existing cooperative projects with overseas peers, including purchasing releases and co-producing movies. On September 4, iQIYI cooperated with Venice Film Festival, streaming of the festival’s movies online. On August 2014, iQIYI generated over 6.95 billion hours of viewing on its website. On September 17, 2014, iQIYI and Dolby launched a collaboration, allowing iQIYI to produce and deliver TV dramas in Dolby surround sound. In October, iQIYI participated in the Busan Film Festival, signing exclusive rights to nearly 100 South Korean titles. On November 19, 2014, Xiaomi and Shunwei Capital invested $300 Million in iQiyi for about 10 percent to 15 percent of the site, while Baidu invested an additional $100 million and held about 80 percent. On December 8, 2014, iQIYI's chief content officer Ma Dong said the portal planned to more than double original production in 2015, with at least 30 titles and 500 episodes on the slate compared to 13 in 2014. In 2015, iQIYI purchased the online copyrights of eight top entertainment shows in mainland China, and several entertainment shows in Taiwan and South Korea, including the Running Man. In March 2016, it announced it would launch in Taiwan. In June 2016 it reported it had 20 million subscribers.


https://en.wikipedia.org/wiki/IQiyi

http://www.iqiyi.com/











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NEWS/BLOG: iQIYI's "KUNG_FU_TRAVELER" Heads for North American Release









FilMart: iQIYI's 'Kung Fu Traveler' Heads for North American Release

Mar 14, 2017

Hong Kong - (Reprinted with permission from VARIETY.com):





Crimson Forest Entertainment and Hannover House have inked a deal at Hong Kong FilMart with Chinese streaming giant iQIYI to give sci-fi action film "Kung-Fu Traveler" a theatrical release in North America. The film is targeted to release this summer with a possible Netflix release to follow.

"Kung Fu Traveler" was released in February in China exclusively on iQIYI movie channel and the China Movie Channel, generating more than 20 million views in its first week. It was produced jointly by iQIYI and CCTV-6 Movie Channel.

Exclusive content has become an integral part of iQIYI's business model. It is used to drive new subscriptions and attract VIP customers.

The film stars Asian martial arts sensation Tiger Chen ("Man of Taichi", "Matrix"). It is directed by Chinese veteran Xian Feng. The story begins with an alien invasion. Trying to escape defeat, a Chinese general (Chen) is accidentally sent back in time.

"Tiger Chen is an incredible martial artist and actor and we're very excited to bring his next project to viewers and audiences in the North America," said Jonathan Lim of Crimson Forest. "This is not your typical martial arts film. With a high concept time travel premise, the film we believe will both excite and intrigue audiences."

"China has rapidly grown into the most prolific marketplace for the creation of high-end feature film productions outside of Hollywood," said Eric Parkinson, C.E.O. of Hannover House. "'Kung Fu Travelers' has very strong commercial prospects in North America, due to spectacular production values and stunning visual effects."

Crimson Forest Entertainment, which pitches itself a theatrical and home entertainment distribution label that specializes in bringing top content in film & television to around the world, is headquartered in Los Angeles and has offices in Shanghai.

SEE THE FULL ARTICLE AT: http://variety.com/2017/film/asia/iqiyi-kung-fu-traveler-north-american-release-1202008036/

https://www.otcmarkets.com/stock/HHSE/news/FilMart--iQIYI-s--Kung-Fu-Traveler--Heads-for-North-American-Release?id=153321&b=y






BLOG: "KUNG FU TRAVELER" Coming Via Hannover House:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129490382







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