Links Modular Solutions are a leading provider of high-quality, innovative software solutions for leisure facilities. Our software suite includes modules such as POS, Classes, Members, Facility…read more
China’s major cinema ticketing companies set to merge
China’s two biggest online movie ticketing operators are to merge, creating a single entity that will controls 43% of the market.
It has been announced that Maoyan, majority-owned by Chinese television and film company Enlight Media, is to join with Beijing Weiying Technology, which is backed by Tencent.
According to Bigdata Research, in the first quarter of 2017, Maoyan, Weiying and Alibaba-backed Taopiaopiao held 23%, 20% and 16% market shares.
A statement from Weiying advises that it will initially inject into Maoyan its online movie and performance ticketing units, valued at US$600 million. Weiying’s backer Tencent will invest $135 million in the merged company via one of its investment funds.
After the completion of the deal, Enlight Media and its controlling entity Enlight Holdings will together own 50.79% of the merged company. Earlier this month, Enlight Media and Enlight Holdings held a combined 77.13% of Maoyan.
Weiying will own 27.59% of the merged company, becoming the second largest shareholder. China’s online movie ticketing market had 129 million users with total online ticket sales of $5.6bn in 2016.
In July it was announced that Alibaba Pictures had increased its stake in Taopiaopiao from 87.6% to 96.7% in a $190m deal.
On Monday TEG announced the launch of new Chinese live events brand YunTek, in partnership with regional giant YongLe.
25th September 2017 - PARTNERSHIP SEES TEG ENTER CHINESE TICKETING MARKET
1st August 2014 - SHANGHAI FILM CORP TO BUILD 19 IMAX CINEMAS ACROSS CHINA
7th January 2014 - CHINA’S WANDA GROUP COMMITS TO BUILD UP TO 120 NEW IMAX SCREENS BY 2021
13th April 2010 - TICKETMASTER COMPLETES CHINA EXIT
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
Activating skyscapes for tourism, art, leisure and living TouchCloud Global (TCg) is a highly specialised international consultancy, broker and principal, devoted solely to activating and energising…read more
Clubware’s online gym software is not your run of the mill management system. It has been carefully designed to incorporate all the elements that a fitness club would need. How did we do that?…read more
Swimplex Aquatics are a world-class company dedicated to the commercial pool, waterslide industry. We are Australian market leaders servicing all states Australia wide. Swimplex provide a full…read more
Established in 1994, Ceramic Solutions has excelled at the supply and installation of swimming pool tiles and equipment for the pool and leisure industry, with a focus on the needs of end-users. …read more
Otium Planning Group is a contemporary sport and leisure consultancy providing services in planning, facility development, management and funding for the sport, recreation and leisure industries…read more
AQUASPIN™ - Aqua Cycling Aquaspin™’s sessions have been specially designed by our Master Trainer to be challenging yet fun group cycling sessions. Each session is tailored to…read more
TRP help health clubs, leisure centres and gyms across the globe create happy, loyal members through our user-friendly software which enables effective engagement and the delivery exceptional customer…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!