Headlines From China: Video Streamer Iqiyi’s Subscribers and Income Fall, however So Do Losses | China Movie Insider

Video Streamer iQiyi’s Subscribers and Income Fall, however So Do Losses

In response to the Chinese language on-line video platform iQiyi’s newest earnings report, the corporate suffered a slight income decline within the fourth quarter of 2020, as subscribers fell. In the meantime, its internet loss narrowed to 1.5 billion yuan from 2.5 billion yuan in the identical interval of 2019. iQiyi mentioned that it expects current-quarter income to be between 7.07 billion yuan and seven.53 billion yuan, representing a year-on-year lower of between 8% and a couple of%. Learn extra Caixin International

Imax CEO Richard Gelfond on What China’s Big Theatrical Restoration Means for Hollywood

With many in Hollywood monitoring China’s restoration and pondering what it’d foretell for the U.S. film enterprise, The Hollywood Reporter related with Imax’s longtime CEO Richard Gelfond to debate how the corporate capitalizes on China’s unpredictable however vastly profitable Lunar New Yr vacation, the dangers of Warner Bros.’ direct-to-streaming plans, whether or not Chinese language moviegoers have gotten anti-American of their tastes, and why he’s “one hundred pc” assured U.S. moviegoers shall be again on the multiplex in an enormous means quickly. Learn extra The Hollywood Reporter