Huanxi Media shares skyrocket as Douyin’s parent pays 630 million yuan to stream its movies as Wuhan virus forces Chinese cinemas to close

Huanxi Media shares skyrocket as Douyin’s parent pays 630 million yuan to stream its movies as Wuhan virus forces Chinese cinemas to close

South China Morning Post - China·2020-01-24 16:26

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ByteDance will pay at least 630 million yuan (US$90.8 million) for new movies and dramas to stream on its top video platforms over Lunar New Year holiday

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