Tencent Pacts with Time Warner to Distribute Game of Thrones and Other HBO Original Content Online in China
As reported in the Nov. 25, 2014 Wall Street Journal, "Time Warner Inc.’s HBO has signed a deal with Tencent Holdings Ltd. to distribute its TV dramas and movies through the Chinese Internet giant’s online video site as the U.S. cable network tries to expand its audience in the world’s most populous country."
"For Tencent, whose online games and social networks have hundreds of millions of users in China, the deal with HBO is part of its attempt to move ahead of rivals in online entertainment, a major battlefield for China’s technology firms. In July, e-commerce giant Alibaba Group Holding Ltd. announced an alliance with Lions Gate Entertainment Corp. to offer the U.S. firm’s programs on the Chinese firm’s set-top boxes. Xiaomi Inc., China’s largest smartphone maker by shipments, said earlier this month [November 2014] that it will invest $1 billion to acquire TV programs."