iQIYI Expands Theatrical Film Business with Investment in Iconic Chinese Film Group
BEIJING, July 5, 2022 /PRNewswire/ -- iQIYI, Inc. (NASDAQ: IQ), an innovative online entertainment service, is further expanding its presence in the theatrical film market with a strategic investment in a major iconic Chinese film group.
This move solidifies iQIYI's commitment to providing high-quality content to its users and reinforces its position as a leading player in China's rapidly evolving entertainment landscape.
Founded in 2010, iQIYI has become a household name in China, offering a vast array of content, including TV dramas, movies, variety shows, and online reality shows. With its recent expansion into the theatrical film market, iQIYI is poised to create even more engaging experiences for its users.
Mr. Yu Gong, Chairman and CEO of iQIYI, said, "Our investment in the iconic Chinese film group marks an exciting new chapter in our company's history. By combining our expertise in online content production and distribution with the group's extensive film resources, we aim to create even more compelling stories that captivate audiences worldwide."
About iQIYI, Inc.
iQIYI, Inc. is an innovative online entertainment service in China. As of March 2022, iQIYI has become one of the largest online entertainment and online education service companies in Asia, and has achieved a high level of success in the world's largest entertainment market.
iQIYI's platform features a variety of entertainment and educational content, including movies, TV dramas, variety shows, documentaries, cartoons, and other original content produced exclusively for the platform, as well as content licensed from other studios and content providers.
iQIYI's platform also features a range of interactive and immersive features, including live streaming, gamification, and social features that allow users to engage with content creators and other users in new and innovative ways.
For more information, please visit http://ir.iqiyi.com.
"Our investment in the iconic Chinese film group marks an exciting new chapter in our company's history."
— Mr. Yu Gong, Chairman and CEO of iQIYI
Author's Summary:
iQIYI expands its presence in the theatrical film market with a strategic investment in a major iconic Chinese film group, solidifying its commitment to providing high-quality content to its users.
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