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US$100m for VR production

SHANGHAI Media Group and its new media investment and advertising unit, Shanghai Oriental Pearl Group, will inject US$100 million to form a joint venture with industry players to support the production ...

June 1, 2016, Wednesday

Shanghai fund agrees to buy 65% share in media rights company

A SHANGHAI-BASED fund, jointly owned by China Everbright and Beijing Baofeng Technology, yesterday announced the purchase of a 65 percent stake in media rights group MP & Silva. Shanghai Jin Xin did ...

May 25, 2016, Wednesday

Execs lose trust posts in Viacom power struggle

MEDIA mogul Sumner Redstone has ousted the head of Viacom from a trust with the power to take over his business interests, putting his daughter in position to control his US$40 billion empire, according ...

May 23, 2016, Monday

Media group leads investors in US$307m fund

SHANGHAI United Media Group was among the investment partners in a new 2 billion yuan (US$307 million) fund that was set up yesterday to pursue opportunities in the fields of new media, Internet Plus ...

May 17, 2016, Tuesday

Capital injection for Baidu video unit

SHANGHAI New Culture Media Group Co and venture capital firm SAIF Partners have invested a total of 1 billion yuan (US$155 million) in Baidu’s video search unit. The capital injection will turn Baidu’s ...

April 21, 2016, Thursday

Twitter hires 1st chief exec for China

TWITTER introduced a new head of operations on Friday for China despite still being banned in the mainland, as it attempts to boost already booming advertising. While San Francisco-based Twitter is not ...

April 18, 2016, Monday

Letv to launch original online video series this year

CHINESE Internet company Letv announced its new production and broadcasting plans for video streaming on Wednesday. Letv officials said a batch of original online series in various genres will be produced ...

April 13, 2016, Wednesday

Baofeng forms new assets for ecosystem

BAOFENG.COM, which recently spent 3.1 billion yuan (US$478 million) to acquire three firms, said yesterday that it will set up a film production subsidiary and a virtual reality content fund of 300 million ...

March 29, 2016, Tuesday

Al-Jazeera set to cut over 20% of labor force

QATAR’S state-funded broadcaster Al-Jazeera yesterday announced a fresh round of job cuts with around 500 positions being lost, most of them at the network’s Doha headquarters. On top of existing losses ...

March 28, 2016, Monday

The Independent prints last edition

THE final print edition of The Independent newspaper went on sale Saturday, ending its 30-year appearance on British newsstands with an exclusive on an assassination plot against a former Saudi king. ...

March 28, 2016, Monday


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