Huawen Media announced on August 4th that the company’s board of directors reviewed and passed a series of proposals before the meeting, including agreeing that the wholly-owned subsidiary Huawen Century Film and Video Investment Holding (Beijing) Co., Ltd. and Ulead Pollock jointly funded the establishment of a new company. It is agreed that Huawen Film and Television and Hairun Film and Television Production Co., Ltd. and Jinzhengyuan United Investment Holdings Co., Ltd. jointly funded the establishment of a new company.
Huawen Media stated that it will invest in the development of three major projects of "mobile video", "Internet TV" and "TV drama production and procurement", focusing on creating an "Internet video lifestyle."
In addition, Huawen Media confirmed that the major issue being planned is non-public issuance of stocks, and the company's shares will continue to be suspended.
Subsidiaries Huawen Film & TV and Premier Pengle Formal Company
Huawen Media Announced that in order to leverage the respective advantages of the company and Beijing Superior Pengle Technology Co., Ltd., they jointly launched a strategic cooperation in the copyright cooperation and purchase operation of film and television dramas, and agreed to the wholly-owned subsidiary Huawen Century Film and Television Investment Holdings (Beijing). The limited liability company, together with Beijing Superior Pengle Science and Technology Co., Ltd., jointly invested in the establishment of a new company in cash. The registered capital of the new company is RMB 200 million. Among them: Huawen Film and TV invested 120 million yuan, accounting for 60% of the equity; excellent friends Pollock invested 80 million yuan, accounting for 40% of the equity. The new company is mainly engaged in the purchase and sale of the copyright of film and television content.
The actual controller of Huawen Media is China National Broadcasting Corporation’s China National Broadcasting Corporation. As one of the three major stations, China Radio International has an Internet TV license. CIBN's Internet TV integrated broadcast control platform is built and operated by Guangdong. At present, Huawen Media holds approximately 36.8% of the Guangdong side.
According to the reporter’s understanding, the establishment of a joint venture company by Huawen Media and Prime Pollux to engage in the operation of copyrighted content has a positive impact on both the Southern Media OTT platform and the CIBNOTT platform. The Southern Media OTT platform has been tepid in the OTT boom since 2012. The Guangdong CIBNOTT platform has introduced Youku Potato Investment in 2014 in consideration of the expansion of the content database. Currently, Youku Potato has increased capital by 58 million yuan. Guangdong 16.7% stake in the company.
In addition, the reporter learned from the informed sources that Huawen Media and Friends Pollock internally confirmed that it will subsequently invest an additional investment of RMB 1 billion to build a new media procurement and distribution platform for high-quality content and fully promote the payment sharing mechanism of the Internet TV content platform. , Build a new network distribution theater.
Huawen Film & TV and Hairun Film and TV and Kim Jong-won jointly funded the establishment of a new company
Huawen Century Film and Television Investment Holding (Beijing) Co., Ltd., a wholly-owned subsidiary of Huawen Media, and Hairun Film and Television Production Co., Ltd. and Jinzhengyuan United Investment Holding Co., Ltd. jointly invested in cash to establish a new company. The registered capital of the new company is RMB 5 , 00 million yuan, of which: Huawen Century Film and Television Investment Holdings (Beijing) Co., Ltd. invested 255.5 million yuan, accounting for 51% of the equity; Hairun Movie and Television Production Co., Ltd. invested 20,200,000 yuan, accounting for 40% of the equity; Source United Investment Holding Co., Ltd. invested RMB 4.50 million, accounting for 9% of the equity.
Huawen Media will invest in the development of three major projects of "mobile video", "Internet TV" and "TV drama production and procurement", focusing on creating an "Internet Video Life Circle." "Mobile Video" and "Internet TV" are the two fulcrums of the overall strategy of the company's "Internet Video Life Circle". They seize the Internet in two important scenes of high-density populations such as factories, schools, and hospitals, as well as people's living rooms. Entrance. "Production and Purchasing of Film and TV Drama" as the content center provides high-quality video content for the above two projects, making it more competitive in the market competition. A joint venture between Huawen Films, Hairun Films, and Jinzhengyuan was established to jointly invest in film and television dramas produced by Hairun Film and Television and other industry-leading film and television companies, which will help provide a rich and exciting film and television content for the "Internet Video Life Circle."
Hua Wen loves to transfer the equity of Global Intellectuals and increases its share capital
Huawen Aiyi Network Technology (Beijing) Co., Ltd., a wholly-owned subsidiary of Huawen Media, acquired a 30% stake in Global Zhida Technology (Beijing) Co., Ltd. held by Wang Shenghong for a price of RMB15.40 million. Smart Technology Co., Ltd. and China Guangdong Network (Beijing) Co., Ltd. jointly increased the capital of Global Zhida Technology (Beijing) Co., Ltd. by 180 million yuan in cash, including Huawen Aiyi Network Technology (Beijing) Co., Ltd. 9 , 60 million yuan. After the transfer of the above equity and capital increase, Huawen Love Network Technology (Beijing) Co., Ltd. holds a 51% stake in Global Zhida Technology (Beijing) Co., Ltd.
On August 3rd, Huawen Media and Dahua Smart signed a strategic cooperation agreement. The company signed a cooperation framework agreement with Dahua Smart and Guangdong. The company and Dahua Smart and Guangdong agreed to actively promote the in-depth cooperation of all parties in the field of Internet TV business according to the principle of complementary resources, superiority, mutual cooperation, cooperative operation and benefit-sharing, and further broaden cooperation areas, improve cooperation, and establish Closer strategic partnership.
Guoguang Video Receives Guoguang Huaping’s Equity and Capital Increase
A wholly-owned subsidiary of Huawen Media, Beijing Guoguang Video Broadcasting New Media Technology Co., Ltd., received a 38% stake in Guoguang Huaping Culture Media (Beijing) Co., Ltd. held by China Vision Communications (Beijing) Co., Ltd. for a price of RMB 7.6 billion. In addition, it has increased the capital of Guoguang Huaping Culture Media (Beijing) Co., Ltd. by RMB 180 million in the same proportion with cash, with China Vision Communications (Beijing) Co., Ltd., Beijing Video Technology Co., Ltd., Liu Bo, Zhao Lan, and Wang Yufen. Among them, Beijing Guoguang Video New Media Technology Co., Ltd. increased its capital by 68,400,000 yuan.
This transaction is an important part of implementing the strategy of Huawen Media to create a mobile business group. The company’s existing mobile video services are mainly concentrated in the video bases of China Mobile, China Unicom, and China Telecom’s three major operators, covering mainly 3G/ 4G mobile operator users. With the rapid popularization of Wi-Fi hotspots throughout the country, users in public places watching videos on the Internet via Wi-Fi are growing rapidly. Guoguang Video can transfer the company’s mobile video services by transferring the equity of Kwong Wah Group and increasing its capital. Expanding to Wi-Fi users on the Internet, it is planned to provide full coverage of mobile populations in factories, schools, hospitals, high-speed railways, ships, and other areas to meet the above-mentioned needs of mobile users to watch videos smoothly and anytime.
China News Media plans to issue non-public shares
Huawen Media had previously announced that due to major issues being planned, the company's shares will be suspended from the opening of the market on May 26th. Huawen Media confirmed a few days ago that the major issues planned for this time are non-public offering of shares. According to the company's development strategy, the company plans to make full use of the "Internet TV" and "mobile TV" license operating resource advantages and capital market advantages, through the non-public offering of stocks to raise funds to invest in "mobile video projects", "Internet TV projects "And" drama production and procurement projects, "focus on creating "Internet video life cycle."
In view of the uncertainty in the non-public issuance of shares, the company's shares will continue to be suspended.
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