BEIJING, May 9, 2019 /PRNewswire/ -- iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, announced that RED by HBO acquired the Southeast Asia licensing rights of iQIYI new original crime series The Thunder (the "Series").
Released on iQIYI's online video platform on May 7, the 48-episode series tells the story about Li Fei, a young antidrug police officer, as he tackles China's biggest drug trafficking ring based in a remote village in South China. Under the deal, the series is expected to be broadcasted by RED by HBO in 11 countries and regions in Southeast Asia. The series is also planned for future releases in North America and other countries.
RED by HBO is a channel of HBO Asia that focuses primarily on high-quality Asian contents, all of which are presented in their original language, with localized subtitles available.
"This collaboration is a prime representation of how partnerships are at the core of our values. We are delighted to be working with RED by HBO to bring our high-quality content to a wider pool of overseas audiences," said Yang Xianghua, President of Membership and Overseas Business Group of iQIYI.
Since 2017, iQIYI has managed to break into the global market and has already distributed over 1,000 episodes of original content on mainstream overseas television and streaming platforms. iQIYI's original costume drama The Story of Yanxi Palace was distributed in over 90 countries and regions while original variety shows Hot Blood Dance Crew and The Rap of China became the first batch of online variety shows to be widely distributed in overseas markets.
About iQIYI, Inc.
iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company") is an innovative market-leading online entertainment service in China. Its corporate DNA combines creative talent with technology, fostering an environment for continuous innovation and the production of blockbuster content. iQIYI's platform features highly popular original content, as well as a comprehensive library of other professionally-produced content, partner-generated content and user-generated content. The Company distinguishes itself in the online entertainment industry by its leading technology platform powered by advanced AI, big data analytics and other core proprietary technologies. iQIYI attracts a massive user base with tremendous user engagement, and has developed a diversified monetization model including membership services, online advertising services, content distribution, live broadcasting, online games, IP licensing, online literature and e-commerce. For more information on iQIYI, please visit https://ir.iqiyi.com.
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