iQiyi
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A major contributor to this article appears to have a close connection with its subject. (November 2014) |
| Headquarters | Beijing, China |
|---|---|
| Founder(s) | Dr. Yu GONG |
| Key people | Dr. Xing Tang (CTO) Dong Ma (COO) |
| Industry | Internet |
| Website | www |
| Type of site | Video on demand |
iQIYI is an online video platform in China launched on April 22, 2010. The daily viewers on iQIYI is 50 million.[1] Chinese audiences view more than 1.28 billion hours of TV shows and movies per month on iQIYI.[2] As of August 2014, it is the second largest online video site in China by number of video hours played.[3]
History[edit]
- iQIYI was founded on April 22, 2010 by Baidu, which is China’s largest online search engine, and Providence Equity Partners.[4] On November 2, 2011, iQIYI purchased the online license for Transformers 3 in mainland China from Paramount.
- In the subsequent year, on November 2, 2012, Baidu bought Providence’s stake and took 100% ownership of the site.[5] On May 7, 2013, Baidu purchased online video business PPStream Inc. for $370 million, which became a subsidiary of iQIYI.
- On July 17, 2014, the site launched its film production division, iQIYI Motion Pictures, to expand existing cooperative projects with overseas peers, including purchasing releases and co-producing movies. On September 4, iQIYI cooperated with Venice Film Festival, streaming of the festival’s movies online.
- On September 17, iQIYI and Dolby launched a collaboration, allowing iQIYI to produce and deliver TV dramas in Dolby surround sound.[6] In October, iQIYI participated in the Busan Film Festival, signing exclusive rights to nearly 100 Korean titles.[7]
- 19th,Nov. Xiaomi, Shunwei to Invest $300 Million in IQiyi for Video, iQIYI have two strategic investors Baidu and Xiaomi [8]。
- 8th,Dec ATF: China’s iQIYI to Double Production Slate in 2015[9]
- 2015, iQIYI purchase the online copyright of 8 Top entertainment show in China and Taiwan Korea entertainment show such as Running man
Reception[edit]
According to iResearch, a widely quoted third-party industry research firm, as of October 2014,iQIYI and PPS had a total of 202.18 million mobile viewers who watched content for 600.62 million hours on these platforms, with mobile videos reaching had a total of 308.17 million mobile viewers who watched content for a total of 1176.44 million hours on these platforms. Total video views reached 500 million.[11] Each viewer watched content for an average of 229.05 minutes in October [12]
iQIYI bought exclusive Chinese rights to the hit Korean show My Love from the Star, which to date has been viewed 2.7 billion times.
In 2014 iQiyi co-produced and distributed the drama Mysterious Summer with major Japanese broadcaster Fuji TV. It was the first drama co-production between China and Japan and has been viewed more than 60 million times as of October 2014.[13][14]
References[edit]
- ^ http://www.techweb.com.cn/internet/2013-05-31/1300365.shtml
- ^ http://digi.163.com/14/0926/17/A73AHNMG001618JV.html
- ^ C. Custer (October 9, 2014). "LeTV cracks China's top 3 video streaming sites". Tech in Asia. Retrieved November 4, 2014.
- ^ http://ir.baidu.com/phoenix.zhtml?c=188488&p=irol-newsArticle&ID=1816090
- ^ http://www.prnewswire.com/news-releases/iqiyi-and-venice-film-festival-begin-a-brand-new-cooperation-from-2014-273411591.html
- ^ http://investor.dolby.com/releasedetail.cfm?releaseid=871222
- ^ http://www.hollywoodreporter.com/news/busan-chinas-iqiyi-signs-rights-739457
- ^ http://www.bloomberg.com/news/2014-11-19/xiaomi-shunwei-to-invest-300-million-in-iqiyi-for-video.html
- ^ http://variety.com/2014/digital/news/atf-chinas-iqiyi-to-double-production-slate-in-2015-1201374591/
- ^ http://news.xinhuanet.com/ent/2015-01/04/c_127357331.htm
- ^ http://www.iresearch.cn/
- ^ http://www.iresearch.cn/
- ^ http://www.onscreenasia.com/article/fuji-tv-to-commence-internet-based-distribution-for-mysterious-summer/15426
- ^ https://www.yahoo.com/music/s/international-business-themes-dominate-tokyo-market-seminars-040046712.html
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Template:Digital video service platforms
