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Huanxi Media Group Says Co Entered Strategic Cooperation Agreement
Huanxi Media Updates On Development Of Online Video Platform Of “huanxi.com"
Bilibili Announces Equity Investment In Huanxi Media
Huanxi Media Group Limited is an investment holding company principally engaged in the media and entertainment businesses. The Company operates through three business segments. The Film Rights Investment and Advertising segment is engaged in the investment of film rights and television drama series and the provision of advertising agency services. The Property Agency in Hong Kong and the People’s Republic of China (PRC) segment is involved in the provision of property agency and related services in Hong Kong and the PRC. The Securities Trading and Investments segment is engaged in the trading and investment of securities. The Company is also involved in the provision of management services to group companies through its subsidiaries.
Room 3811, West Tower, Shun Tak Centre
No.168-200 Connaught Road Central
Executive Chairman of the Board
Chief Executive Officer, Executive Director
Wing Koon Choi
Financial Controller, Company Secretary
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While cinemas shuttered in China during the coronavirus epidemic are waiting for the all clear to reopen, regulators are planning to protect their business by enforcing rules to stop movies from premiering online, two sources familiar with the matter said.
Even before the new coronavirus, people working in Chinese entertainment had been calling the industry's struggles their "bleak winter" - as tighter censorship, a crackdown on tax evasion and new government restrictions strangle opportunities for work.
The film "Enter the Fat Dragon" will premiere via video streaming on Saturday, makers China iQiyi Inc said on Friday, after plans for the film's premiere in cinemas were affected by the outbreak of a new coronavirus in China.
Chinese theaters and film studios are protesting a deal by Huanxi Media Group to premiere its new movie "Lost in Russia" on Bytedance's online platforms, with some saying it was "trampling" and "destroying" China's cinema industry.
Chinese movie fans can catch the premier of much-anticipated new comedy this holiday weekend under a 630 million yuan ($91.25 million) deal to issue the film over the internet, as fears of a deadly new virus keep audiences away from cinemas.
* FY LOSS ATTRIBUTABLE HK$95.2 MILLION VERSUS LOSS OF HK$1.25 BILLION Source text for Eikon: Further company coverage:
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