iQiyi reaches cooperation agreements with Malaysian and Singaporean film companies

According to news from this site on November 28, iQiyi officially announced that it signed a framework agreement with Malaysia’s GSC Movies and Singapore’s Clover Films on November 27.

After the completion of this cooperation, the theatrical movies "Hot Search" (domestically released nationwide on December 1st) and "The Secret" (December 8th) produced by iQiyi will be released through the above-mentioned new channels. Released by Ma Cinema.

According to reports, in the next two years, iQiyi will launch strategic cooperation with the two companies, through GSC Movies and Clover Films The channel distributes theatrical movies produced and produced by iQiyi.

iQiyi said that in the future, more Chinese-language films will be released simultaneously with mainland China through cooperation with local theater distribution companies

iQiyi third quarter financial report data It shows that iQiyi’s total revenue in the third quarter was 8 billion yuan, a year-on-year increase of 7%. Attached to this site is a performance table:

In addition, iQiyi’s Q3 membership service revenue reached 5 billion yuan, a year-on-year increase of 19%. The average number of daily subscription members was 107.5 million, a year-on-year increase of 6%, and the monthly average single member revenue (ARM) reached 15.54 yuan, a year-on-year increase of 12%, reaching a record high.

Advertising revenue this quarter reached 1.7 billion yuan, a year-on-year increase of 34%. iQiyi achieved non-GAAP operating profit of RMB 895 million in this quarter, an increase of 71% from RMB 524 million in the same period last year. Advertising statement: This article contains external jump links ( Including but not limited to hyperlinks, QR codes, passwords, etc.), designed to provide more information and save screening time, the link results are for reference only. Please note that all articles on this site contain this statement

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