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Stock impact report

China to tighten rules to stop movies from premiering online - sources [Reuters]

iQIYI, Inc. - American Depositary Shares (IQ) 
Last iqiyi, inc. - american depositary shares earnings: 2/27 04:30 pm Check Earnings Report
Company Research Source: Reuters
China to tighten rules to stop movies from premiering online - sources HONG KONG, April 30 (Reuters) - While cinemas shuttered in China during the coronavirus epidemic are waiting for the all clear to reopen, regulators are planning to protect their business by enforcing rules to stop movies from premiering online, two sources familiar with the matter said. The release of two films online during the lockdown provoked uproar in China’s film industry, with theatres fearing they could be bypassed in future, devastating ticket revenue at a time when they are already uncertain how fast the public will regain confidence to go to the movies. Authorities told industry executives in recent weeks that they plan to more strictly manage “theatrical window period” requirements, referring to a period of time for which movies need to be screened in cinemas before they are allowed to be shown elsewhere. China’s cinema industry, the world second-largest by box office takings after the United States, w Show less Read more
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