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("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced total shared revenue figures for online movies shown on its platform during the first half of 2018. The figures show that as of June 30 this year, the top 10 movies on iQIYI's online platform took in a total shared revenue of over 180 million RMB, which would amount to a box office revenue of 540 million RMB if it were in the offline cinema market.
The figures released by iQIYI show that June 2018 has been a particularly strong month for online movies on iQIYI's platform. The total shared revenue of the top ten newly released movies on the iQIYI platform this June was 71.87 million RMB, representing a 260% increase on the 19.95 million RMB in online movie shared revenue attained on the iQIYI platform in June of the preceding year.
2018 is looking to be a milestone year for the Chinese online movie industry, with the number of high income movies already greater than was the case over the whole of last year.
Trying to figure out why my marijuana stocks have tumbled. I haven't read anything to negative. CGC has taken on some debt but they're expanding to meet demands. Beside I don't see why CGC and ACBFF should have gone down so much. [Reply]
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BEIJING, July 17, 2018 (GLOBE NEWSWIRE) -- iQIYI, Inc. today announced that it has completed the acquisition of 100% equity stake in Skymoons Inc. and Chengdu Skymoons Digital Entertainment Co., Ltd.
Headquartered in Chengdu, China, Skymoons focuses on the development and global publishing of mobile games. Skymoons has entered into cooperation agreements with a number of renowned international IP powerhouses with respect to the synchronized development and promotion of mobile games, films, anime and comics based on the same source materials.
The aggregate consideration consists of a fixed payment of RMB1.27 billion, as well as additional consideration valued at RMB730 million as of June 30, 2018 to be delivered in the event the acquiree satisfies the agreed upon performance benchmarks in the next two years