CANNES,France, May 8, 2018
/PRNewswire/ -- iQIYI, Inc. (NASDAQ:IQ) ("iQIYI" or the
"Company"), an innovative market-leading online entertainment
service in China, today announced at the Cannes Film Festival that it has inked an
exclusive three-year output deal with FilmNation Entertainment
("FilmNation"), a leading US independent film production and
international sales company. According to the output deal, iQIYI
will have exclusive VOD rights to all FilmNation films for the next
three years in mainland China.
This form of cooperation with a Chinese company is a first for
FilmNation. The partnership supports iQIYI's vision of bringing the
world's finest film content to its Chinese users while promoting
cultural exchange and mutual understanding.
Founded in 2008, FilmNation Entertainment specializes in
producing, financing and distributing independent films, and is
known for its signature mix of artistic creativity and commercial
potential. It is consistently ranked as one of the most successful
independent film companies in the world, with numerous productions
winning honors at Cannes and the
Academy Awards, including 2017's "Arrival," which received 8 Oscar®
nominations including Best Picture and Best Director and 2018's
"The Big Sick." Many major companies like Amazon, Paramount and
Sony have acquired distribution rights to FilmNation
films.
"We are thrilled to have this exclusive partnership with iQIYI,
China's most exciting and
innovative content streaming platform," said FilmNation's
Robert Carney. "Through this
partnership, more Chinese movie fans than ever before will be able
to experience many of the best independent films from some of the
world's most exciting directors."
"Following on the heels of our strategic cooperation agreements
with entertainment companies such as Fox, Disney, Sony, and
Netflix, this exclusive partnership with FilmNation represents the
next step of iQIYI bringing subscriber members an ever more
international selection of high quality contents," said Yang
Xianghua, senior vice president of iQIYI. "Through our partnership
with FilmNation, iQIYI users will enjoy convenient access to the
premium films around the world."
As iQIYI works unceasingly to bring its users a growing roster
of high-quality films, the company is also becoming a respected
content producer in its own right. This year, the iQIYI-produced
film "The Pluto Moment," directed by Chinese director Zhang Ming, was chosen as one of twenty
selections from around the world for the prestigious Cannes-adjacent independent film festival,
Directors Fortnight.
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 etc.
For more information on iQIYI, please
visit http://ir.iqiyi.com.
About FilmNation Entertainment
FilmNation Entertainment is a leading distributor, financier and
producer of independent films and is a destination for many of the
world's most renowned filmmakers including Steven Soderbergh, Terrence Malick, Pedro Almodóvar, Jonathan Glazer, Sofia
Coppola, Jeff Nichols, J.C.
Chandor, Rian Johnson, Anton
Corbijn, Lenny Abrahamson,
Denis Villeneuve, and John Lee Hancock. Founded in 2008 by veteran
film executive Glen Basner,
FilmNation has established itself as a home for specialty
filmmaking with global appeal by focusing on a highly selective
group of filmmakers and projects that emphasize both creative
integrity and commercial potential. FilmNation is consistently
ranked as one of the highest-grossing independent international
film distributors. The company has become a prolific and respected
producer, and its titles are amongst the most critically lauded in
the film industry. FilmNation has more than 40 Academy Award®
nominations and eight wins since its inception.
The company heads to this year's Cannes Film Market with four of
the market's biggest new sales titles including: spy thriller "355"
to be directed by Simon Kinberg and
starring an international powerhouse cast including Jessica Chastain, Marion Cotillard, Penelope Cruz, Fan Bingbing and Lupita Nyong'o; Pedro
Almodovar's "Dolor Y Gloria" starring Antonio Banderas and Penelope Cruz; "Ironbark" starring Benedict Cumberbatch; and Jude Law starrer "The Nest." FilmNation brings
to the Cannes Film Festival this
year Critics' Week Opening Night film "Wildlife" directed by
Paul Dano and starring Carey Mulligan and Jake
Gyllenhaal.
FilmNation's upcoming slate showcases the work of many of
today's most exciting filmmakers including: Sebastian Lelio's "Disobedience" starring
Rachel Weisz, Rachel McAdams and Alessandro Nivola; Richard Eyre's "The Children Act" starring
Emma Thompson, Stanley Tucci and Fionn
Whitehead; and Dan Fogelman's
"Life Itself" featuring an all-star cast that includes Oscar Isaac, Samuel L.
Jackson, Olivia Wilde,
Antonio Banderas and Annette Bening. The company is in
post-production on Sebastian Lelio's
"Gloria" starring Julianne
Moore.
In recent years, FilmNation has produced and financed:
Denis Villeneuve's Academy Award®
winning "Arrival" starring Amy Adams
and Jeremy Renner; and Michael Showalter's critically acclaimed indie
box office hit "The Big Sick" starring Kumail Nanjiani, Zoe
Kazan, Holly Hunter and
Ray Romano. In 2018, the company is
producing Tom Hanks starrer
"Greyhound," Mindy Kaling and
Emma Thompson starrer "Late Night,"
and "The Lodge" starring Riley
Keough.
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SOURCE iQIYI, Inc.