×

NBCUniversal Signs Movie Deal with China’s Alibaba

LONDON — NBCUniversal International has signed a multi-year licensing pact with China’s Alibaba Group, the world’s largest e-commerce company. The agreement encompasses titles from Universal Pictures’ new release and library slate, available on Alibaba’s TMall Box Office service from this month.

Included in the Alibaba deal are $1 billion-topping blockbusters “Fast & Furious 7” and “Jurassic World,” which were also box office hits in China, as well as “Minions,” set for a 3D release in China on Sept. 13. Universal Pictures has enjoyed a record-breaking year around the globe, achieving the highest grossing box office in a year for any studio, both in the U.S. and internationally.

The agreement forms part of NBCUniversal’s ongoing plans to expand its businesses outside of the U.S., particularly in key consumer growth markets such as China, where subscription VOD is forecast to grow rapidly in the next few years.

Kevin MacLellan, chairman, NBCUniversal International, commented: “This partnership will continue to increase our reach in the market, as well as driving additional revenues for us in Asia. NBCUniversal is committed to licensing high-quality programming to Chinese platforms in order to provide great entertainment experiences to the Chinese audience.”

More Digital

  • Google Stadia Pro to Include 1

    Google’s Stadia Game Streaming Service to Include Free Monthly Game

    Google has been busy sharing additional details about its upcoming game streaming service Stadia, clearing up some confusion in the process. Stadia’s pro subscription tier, which will cost $10 per month, won’t be a Netflix-type subscription service. However, subscribers will get free games at the rate of about a title per month. That’s according to [...]

  • Crypt-TV-Facebook

    Facebook Signs Deal With Crypt TV for Slate of Five Horror Series

    Crypt TV, the digital studio founded by Eli Roth and Jack Davis and backed by Jason Blum, expanded its deal with Facebook, inking a content partnership to create a slate of five horror and monster-themed series exclusively for Facebook Watch. For Facebook Watch, it’s one of the first deals for a full slate of content [...]

  • Elaine Paul - Amazon Studios

    Elaine Paul Exits as Hulu CFO to Join Amazon Studios

    Elaine Paul has departed Hulu after nearly six years as chief financial officer to join Amazon Studios as CFO/VP of finance. She started at the ecommerce company’s studio division on July 15, reporting to Dan Jedda, VP of digital, advertising and corporate development finance for Amazon, a company rep said. Paul’s move to Amazon, first [...]

  • BritBox to Roll Out in the

    'Downton Abbey' and 'The Office' Heading to BritBox as Streamer Unveils U.K. Launch

    British broadcasters the BBC and ITV have formally agreed to launch their joint streaming service, BritBox, in the U.K. in the fourth quarter of 2019. It will be priced at £5.99 ($7.50) per month, making it the same price as the cheapest Netflix subscription in the U.K. ITV will control BritBox, holding a 90% stake. [...]

  • Vobile - ZEFR acquisition - Yangbin

    Zefr Sells Its Copyright-Flagging and YouTube Channel-Management Businesses to Vobile for $90 Million

    Vobile Group, a video protection and measurement company, announced a deal to acquire Zefr’s RightsID copyright-management and ChannelID YouTube channel-management businesses for about $90 million. According to the companies, Zefr’s RightsID and ChannelID together generated over $40 million in revenue in 2018 and were profitable. The deal stands to more than triple the revenue for [...]

  • Justin Connolly

    Disney Merges All Media Sales and TV Channel Distribution Under Justin Connolly

    Disney promoted longtime ESPN exec Justin Connolly to the new role of president, media distribution, overseeing a single organization that combines all of the company’s media sales and TV channel distribution operations. Connolly previously served as EVP, affiliate sales and marketing, Disney and ESPN Media Networks. Based in New York, he will report to Kevin [...]

More From Our Brands

Access exclusive content