Brief: Alibaba Pictures Group Says Youku Technology received Movie License And Drama Broadcasting Rights From Units

Damai Entertainment Holdings

04/06/2019 11:57

June 4 (Reuters) - Alibaba Pictures Group Ltd  1060.HK :
    * SHANGHAI ALIBABA PICTURES AGREED TO GRANT YOUKU TECHNOLOGY
A
LICENSE FOR ONLINE DISSEMINATION RIGHTS OF MOVIE III
    * LICENSE FEE PAYABLE BY YOUKU TECHNOLOGY TO SHANGHAI
ALIBABA
PICTURES UNDER LICENSE AGREEMENT AMOUNTS TO RMB4.5 MILLION
    * YOUKU TECHNOLOGY TO ACQUIRE FROM UNIT BROADCASTING RIGHTS
OF
DRAMA SERIES F FROM NEW MEDIA BROADCASTING RIGHTS TRANSFER
AGREEMENT
    * CONSIDERATION FOR DISPOSAL OF DRAMA SERIES F IS RMB150
MILLION

Source text for Eikon:  ID:nSNjqXX2 
Further company coverage:  1060.HK 

 ((Reuters.Briefs@thomsonreuters.com;))