Alibaba enjoyed 22% increase in group profits, but its recent acquisition of Youku Tudou will weigh more heavily in future.
Regulators have launched a probe into Baidu, China's largest online search engine operator and one of the country's entertainment giants.
Mubi, the curated SVoD service, is seeking an upstream move into film production. It will also seek new funding of over $100 million.
Japanese electronics and entertainment group Sony returned to profit for the year to March. But its Sony Pictures Entertainment division saw its profits drop by 34%. Revenues in Sony’s ‘pictures…
Prime Focus is to sell its 30% stake in Digital Domain-Reliance for US$30 million to its partner Digital Domain Holdings.
Evolution Media Partners, the investment and advisory arm of Creative Artists Agency and Evolution Media Capital, is opening shop in China
Wanda Pictures, the film arm of Dalian Wanda Group, is to receive cash from two investment groups, Puji Capital and China's Jupai Holdings
China's Dalian Wanda confirms plans to absorb Legendary Entertainment into its listed theaters subsidiary Wanda Cinema Line.
China's online search giant Baidu has seen over $155 million (RMB1 billion) of fresh capital raised by new unit Baidu Video.
Sony blames long terms impairment at its camera division for a 9% cut in operating profit forecast.
China Film Co. expects to raise some $715 million (RMB4.6 billion) from a share sale later this year, according to state-owned media.