ABC debuted both "Boy Band" and "The Gong Show" on Thursday night, with the first show failing to make a significant impact in the overnight ratings and the second show winning in its time slot.According to Nielsen data, the two-hour "Boy Band" premiere averaged a 0.7 rating in adults 18-49 and 3 million viewers. It lost in the 8 p.m. hour to "Beat Shazam" (1.0, 3.2 million) on Fox and the season premiere of "Hollywood Game Night" (0.8, 4 million)...
Chinese genius Gong Yu (aka Tim Gong) picked up a doctorate in engineering and automation control before setting up his own real estate website. When that was bought by Yahoo-like portal Sohu.com, Gong made the transition and climbed the corporate ladder.
In 2010 he struck out on his own, founding video streaming site iQIYI (originally Qiyi) with the backing of search engine giant Baidu and U.S. investor Providence Equity. Unlike some of its rivals, iQIYI was closely integrated with its parent company’s search functions, and Baidu bought out Providence’s stake in 2012, lifting its control to 80%. The following year, iQIYI engineered some of the necessary consolidation of the sector when it bought control of PPStream.
Under Gong, the company has been hugely influential. It has struck multiple deals with Hollywood and local content owners and international film festivals, moved into production and exceeds 500 million monthly users. The company appears to lead the field in converting casual viewers into paying subscribers. In 2016, Gong and Baidu head Robin Li attempted to buy iQIYI out from Baidu. Shareholders killed the $2.8 billion proposal, making an IPO seem the more likely next step.