Microsoft announced a partnership deal Monday with Changhong, one of China’s biggest TV set makers, to jointly develop entertainment products linking TV and the Internet.
Microsoft will become a strategic investor in Changhong, buying just under 1% of its shares for about $12 million, Changhong said in a statement.
Deal is the latest sign of the Web’s growing importance for distributing movies and programming in the rapidly expanding Chinese market.
China has the world’s second-largest population of Internet users after the U.S., with 137 million people online. Its population of TV viewers is already the world’s biggest at 400 million.
Popular on Variety
Last Time I Cried at the Movies
How Alfonso Cuaron Came to the Contemporary Black-and-White Look of 'Roma'
Rebel Wilson on 'Isn't It Romantic' Controversy: 'It Was Purely to Lift My Fellow Plus-Size Women Up'
'Lorena' Director: Howard Stern Owes Lorena Bobbitt a Public Apology
Daniel Radcliffe on Answering Prayers in 'Miracle Workers'
BTS Wants to Sing With Lady Gaga
How Miley Cyrus Set Up Her Duet With Shawn Mendes
Smokey Robinson Defends J. Lo’s Motown Grammy Tribute
Brandi Carlile on LGBTQ Representation: 'It's Important to Be Out in Your Music'
Rams vs. Patriots: Who Should Win Super Bowl LIII?
The estate of Michael Jackson sued HBO on Thursday, accusing the cable channel of violating a non-disparagement clause by agreeing to run “Leaving Neverland,” a documentary accusing Jackson of sexual abuse. The suit seeks to compel HBO to litigate the matter in a public arbitration process, and claims that the estate could be awarded $100 [...]
On the back of a history-making debut by Ariana Grande, who claims the top three songs on the Billboard Hot 100 chart this week (tying the Beatles), Scooter Braun has appointed his longtime deputy Allison Kaye to partner at Ithaca Holdings LLC, which houses SB Projects. She was previously president of music at the 12-year-old [...]
Tidal, the streaming platform headed by Jay-Z, today announced the launch of a million-dollar artist grant program intended to support emerging musicians. Called Tidal Unplugged and funded by a donation from venture capitalists and philanthropists Mark Lampert and Robert Nelsen, the program will kick off March 1 in Detroit, where Lampert’s grandfather started his musical career. [...]
New York’s classic venue Webster Hall, which will reopen this spring after a months-long renovation, has announced the first run of shows after its relaunch: Patti Smith and Her Band, Broken Social Scene, MGMT, Empire of the Sun, Old Dominion, Sharon Van Etten, Built to Spill, Real Estate, Chromeo and Big Thief are among the [...]
“Empire” actor Jussie Smollett has been charged with filing a false police report, the Chicago police said Wednesday. “Detectives will make contact with his legal team to negotiate a reasonable surrender for his arrest,” police spokesman Anthony Guglielmi said on Twitter. Smollett is due to appear in court for a bond hearing at 1:30 p.m. [...]
Anchors at CNN and MSNBC and prominent Democrats were targeted for attack by a Coast Guard lieutenant arrested Friday on a firearms charge, according to federal prosecutors in Maryland. In court documents revealed Tuesday, prosecutors describe the firearms and controlled substance charges Christopher Paul Hasson is facing as “the proverbial tip of the iceberg.” CNN’s [...]
Chicago police have named “Empire” actor Jussie Smollett as a suspect in a criminal investigation, three weeks after he reported he was the victim of a hate crime. Detectives are presenting evidence to a grand jury, which is expected to determine whether to indict Smollett on a charge of filing a false police report. “Jussie [...]