Vote!

China's BAT companies ramp up competition in streaming sports content

Aug 08, 2018 Picture:  Aug 07, 2018 (China Knowledge) - Baidu, Alibaba and Tencent are recognized as China's top three tech giants—the so-called "BAT". Baidu-backed online video portal Iqiyi announced on Monday that it had inked a deal with Super Sports Media Inc. to set up a joint venture specialized in sports streaming, kicking off even fiercer competition among BATs for dominant market shares in sports businesses. Iqiyi is expected to grab streaming rights for 2018/2019 English Premier League soccer with the founding of new joint venture. Increasing costs for purchasing copyrights of series and entertainment TV shows, and attempt to absorb new subscribers are two dominant drivers for Iqiyi to shift focus to sports streaming business. According to a recent report by Iqiyi, it has spent nearly RMB 4.7 billion (USD 690 million) on content in Q2, up 47% YoY, accounting for 77% of total costs. Against the...

 

If you wish to read the full news article, China's BAT companies ramp up competition in streaming sports content, simply click on 'Read full story' below, but give us a 'LIKE' or share 1st .

 


Post date:
Date Modified:

 

Read full story...

 

 

 

 

Thailand News Phuket News  /  Asian Travel News South Korea - Malaysia - Singapore - China - Philippines - Laos - Burma - Cambodia - Vietnam - Indonesia

 

 BACK TO: Phuket Hotel Deals - Phuket Flights - Phuket Travel Articles - Phuket News - Phuket Real Estate - Asia Jobs

 

Scroll to Top - Sitemap