Thread: Money Investing megathread extravaganza
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Old 07-16-2018, 09:11 PM   #2150
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https://research.capitaloneinvesting...21263-15427987

Quote:
("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced total shared revenue figures for online movies shown on its platform during the first half of 2018. The figures show that as of June 30 this year, the top 10 movies on iQIYI's online platform took in a total shared revenue of over 180 million RMB, which would amount to a box office revenue of 540 million RMB if it were in the offline cinema market.

The figures released by iQIYI show that June 2018 has been a particularly strong month for online movies on iQIYI's platform. The total shared revenue of the top ten newly released movies on the iQIYI platform this June was 71.87 million RMB, representing a 260% increase on the 19.95 million RMB in online movie shared revenue attained on the iQIYI platform in June of the preceding year.

2018 is looking to be a milestone year for the Chinese online movie industry, with the number of high income movies already greater than was the case over the whole of last year.
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