Iqiyi announced cooperation with Malaysian and Singaporean film companies

CTOnews.com November 28 news, iqiyi officially announced that November 27 signed a framework agreement with Malaysia's GSC Movies and Singapore's Clover Films.

After the cooperation is reached, the cinema films Hot search (released nationally on December 1) and cover-up (December 8) produced by iqiyi will be released through the above-mentioned new horse theater chain.

According to reports, in the next two years, iqiyi will carry out strategic cooperation with the two companies to distribute cinema films produced and produced by iqiyi through GSC Movies and Clover Films channels.

Iqiyi pointed out that in the future, more Chinese-language films will be released simultaneously with Chinese mainland through iqiyi's cooperation with local cinema distribution companies.

According to iqiyi's third-quarter financial report, iqiyi's total revenue in the third quarter was 8 billion yuan, up 7 per cent from a year earlier. CTOnews.com attached performance table:

In addition, iqiyi Q3 member service revenue of 5 billion yuan, an increase of 19% over the same period last year. The average number of daily subscription members was 107.5 million, an increase of 6% over the same period last year, and the average monthly single member income (ARM) reached 15.54 yuan, an increase of 12% over the same period last year, a record high.

Advertising revenue in the quarter totaled 1.7 billion yuan, up 34% from a year earlier. When Ai Qiyi realized Non-GAAP (non-American General Accounting Standards) operating profit of 895 million yuan, compared with 524 million yuan in the same period last year, an increase of 71%.