Reading group: officially completed the 100percent stake in the acquisition of Xinli media

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 Reading group: officially completed the 100percent stake in the acquisition of Xinli media


China. com reported on Nov. 1, Oct. 31, the company announced that it had formally completed its acquisition of 100% of Xinli Media. In August this year, Yuewen Group reached a wholly-owned acquisition agreement with Xinli Media, a well-known domestic TV drama, online drama and film production company. According to the final agreement reached between the two parties, the existing management team of Xinli Media will continue to be responsible for the TV drama, online drama and film production business, and will have the right to select the original content. It includes selecting materials from outside the platform. Prior to this, the two sides have reached cooperation on a number of reading groups IP adaptation, such as Fighting the Dome TV version by Wanda film and television media, Xinli media, has been successfully closed; Qingyunian TV version by reading group, Tencent Pictures, Xinli media, etc. jointly created, has been killed. The acquisition will help readers improve the structure of IP services, further deepen the value chain of IP, its own content strength downstream extension. With the professional strength of the industrys leading script development and production, Xinli Media will be deeply exposed to the rich content library, author platform and editorial team of Reading Group, providing consumers with a variety of high-quality IP products. With the successful completion of the acquisition and delivery, Yuwen Group, together with Xinli Media, officially opened a new chapter in Chinas IP quality and sustainable development. Both sides will better mobilize the enthusiasm of users for high-quality video entertainment content, so as to tap the greater market potential of Chinas new text creation ecology, establish a benchmark for development, and share the development dividend with the whole industry. Source: China Internet editor: Han Chong _NBJ11345

China. com reported on Nov. 1, Oct. 31, the company announced that it had formally completed its acquisition of 100% of Xinli Media. In August this year, Yuewen Group reached a wholly-owned acquisition agreement with Xinli Media, a well-known domestic TV drama, online drama and film production company. According to the final agreement reached between the two parties, the existing management team of Xinli Media will continue to be responsible for the TV drama, online drama and film production business, and will have the right to select the original content. It includes selecting materials from outside the platform. Prior to this, the two sides have reached cooperation on a number of reading groups IP adaptation, such as Fighting the Dome TV version by Wanda film and television media, Xinli media, has been successfully closed; Qingyunian TV version by reading group, Tencent Pictures, Xinli media, etc. jointly created, has been killed.

The acquisition will help readers improve the structure of IP services, further deepen the value chain of IP, its own content strength downstream extension. With the professional strength of the industrys leading script development and production, Xinli Media will be deeply exposed to the rich content library, author platform and editorial team of Reading Group, providing consumers with a variety of high-quality IP products.

With the successful completion of the acquisition and delivery, Yuwen Group, together with Xinli Media, officially opened a new chapter in Chinas IP quality and sustainable development. Both sides will better mobilize the enthusiasm of users for high-quality video entertainment content, so as to tap the greater market potential of Chinas new text creation ecology, establish a benchmark for development, and share the development dividend with the whole industry.