Tencent won the distribution rights of the largest film and television copyright provider with 1.8 billion yuan. Douyin B station needs to buy copyright from Tencent

2022-05-03 0 By

On the evening of February 13, Jebsen Co., LTD. (300182) announced that xinjiang Huaxiu Culture Media Co., LTD., the holding subsidiary of The company’s holding subsidiary Jebsen Huashinwangju (Changzhou) Culture Media Co., LTD., recently signed the “film and television program authorization contract” with Tencent.Tencent paid 1.8 billion yuan to purchase the right of information network transmission of at least 6,332 TV programs, including The Golden Age, within the scope of contract.Public information shows that HuASv Was founded in 2010 and acquired by Jebsen Century for 3.2 billion yuan in 2015. It owns the largest library of film and television copyright in China, with a market share of 70-80% for cinema films, leading the market in both inventory and increment.According to people familiar with the matter, in addition to the regular copyright licensing, more importantly, Tencent has obtained the exclusive distribution rights of HuASv Juju to B station and ByteDance.That means tiktok, Watermelon and B.com will have to negotiate with Tencent if they want to buy any of the 6,332 shows in the future, and Tencent will be free to decide whether to sell them.The contract also stipulates that when the existing film and television Copyrights of B station and Douyin expire, they can be renewed only with Tencent’s consent.In recent years, emerging short video platforms such as Douyin, Kuaishou and B-station have increased their investment in film and television rights.At the beginning of 2020, Douyin and Watermelon video purchased the copyright of 囧 Mom and broadcast it online. Since then, more than 100 classic movies have been released online.In recent years, B station has also purchased famous cinema films such as “Champion” and “Fame and Fame”.In April 2021, Tencent Video, Youku and IQiyi joined with more than 70 film and television organizations and more than 500 star artists to call for the boycott of short video infringement and the protection of film and television copyright.Since then, The demand for film and television copyright of Douyin and B station has become stronger.However, before the head of a long video platform said in an interview, temporarily will not consider short video platform to sell copyright.Therefore, with a large number of Copyrights and relative independence, HuASv has become an important source of Copyrights for short video platforms.In June 2020, Jebsen Responded to a number of questions on the interactive platform, saying that the company has been cooperating with Bytedance, Huawei, B station and other copyright businesses more and more frequently, and is one of the core suppliers of Bytedance’s film and television copyright.With the completion of Tencent’s 1.8 billion contract, it can be foreseen that it will be more difficult for B station and Douyin to obtain film and television copyright in the future.(SOURCE: Caijing Magazine)