Chinese Internet Company Tencent Signs Streaming Deal With Disney
China’s biggest internet and online communications company, Tencent, has signed a deal with Disney today that will allow the streaming of a number of Disney, Marvel and Pixar movies through their service Hollywood VIP, according to a report from the Wall Street Journal.
Hollywood VIP is a video service, much like Netflix, that provides over 1,500 movies available for online streaming. This isn’t the first big blockbuster deal between Hollywood VIP and American movie studios. The company currently has deals with Warner Bros., Universal, Miramax and Lionsgate.
“We are very excited to be working with Disney to bring both new and classic movies to Chinese viewers,” said Sun Zhong Huai, Vice President of Tencent, “Our partnership with Warner Bros., Universal, Miramax, and Lionsgate has been a huge success, with hundreds of thousands of repeat customers enjoying millions of movies views on our film service since we launched the service.”
The service will now feature titles like The Avengers, Toy Story 3 and Pirates of the Caribbean.
Customers of Hollywood VIP can currently buy unlimited streaming access via a monthly fee, or can choose a pay-per-movie option.
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