BY MICHELLE KUNG AND ERICA E. PHILLIPS
A company with ties to both the Chinese government and to Hollywood said it is bringing a Netflix-like movie-streaming service to mainland China, with films from at least one major U.S. studio.
The as-yet-unnamed service is a joint venture between Jiaflix Enterprises and a subsidiary of the government-owned China Movie Channel. The new service will launch this fall with films from the library of Viacom Inc.'s Paramount Pictures. Jiaflix executives said they are in talks with the other big Hollywood studios and expect to close another deal this summer.
The new streaming service resembles that of Netflix Inc., which has ...
BY MICHELLE KUNG AND ERICA E. PHILLIPS
A company with ties to both the Chinese government and to Hollywood said it is bringing a Netflix-like movie-streaming service to mainland China, with films from at least one major U.S. studio.
The as-yet-unnamed service is a joint venture between Jiaflix Enterprises and a subsidiary of the government-owned China Movie Channel. The new service will launch this fall with films from the library of Viacom Inc.'s Paramount Pictures. Jiaflix executives said they are in talks with the other big Hollywood studios and expect to close another deal this summer.
The new streaming service resembles that of Netflix Inc., which has ...
Source: http://online.wsj.com/article/SB10001424052702304830704577495100739673254.html?mod=rss_about_china
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