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Sunday 14 June 2015 4:16 pmAlibaba wants to create China <a href=https://www.polenes.com.de>polene deutschland</a> rsquo HBO and Netflix equivalentBy: Joe HallShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleAlibaba is releasing a Netflix-style streaming service in two months, the firm s head of digital entertainment revealed today.The service will be called <a href=https://www.stanley-canada.ca>stanley mug</a> Tmall Box Office ndash; TBO for short ndash; and will feature Alibaba-produced content as <a href=https://www.owalas.com.de>owala wasserflasche</a> well as programming acquired from China and other territories.Read more:Alibaba Pictures share price tumbles following $1.6bn placementAlibaba shead of digital entertainment Patrick Liu explained: Our mission, the mission of all of Alibaba, is to redefine home entertainment. Our goal is to become like HBO in the United States, to become like Netflix in the United States.Liu added that a small percentage of the content will be free with the rest costing a subscription fee.The ecommerce giant is increasingly pooling resources and efforts into growing its entertainment businessesand has said it will transfer a number of its technologies from its main business to the separately listed Alibaba Pictures in Hong Kong.Last year Alibaba paid $1.2bn for a 16.5 per cent stake in Chinese streaming service Youku Tudou, and has used its crowd sourcing platform Yule Bao to fund big Chinese movies.Earlier today Hollywood trade magazine Variety reported that the firm was even looking into the possibili Izgv Higher fuel prices push US inflation to its first rise since October
Sunday 20 October 2013 11:28 pmMurdoch China exit rumbles on after TV saleBy: Express KCSShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on Google21ST Century Fox owner Rupert Murdoch has rolled back his Asian media interests after selling a stak <a href=https://www.stanley-de.de>stanley deutschland</a> e in a Chinese satellite TV operator. US private equity firm TPG Capital will pay 1.66bn Hong Kong dollars pound;132.2m for 21st Century Fox-controlled Star Entertainmentrsquo remaining stake in Phoenix Satellite Television.The move is the next step of Rupert Murdochrsquo slow exit from Chinese media, following News Corprsquo sale of controlling stakes in three mainland television channels to domestic private equity funds in 2010.In a filing to the Hong Kong Stock Exchange, Phoenix Satellite Television said TPG China Media will become a ldquo ubstantial shareholder after taking over Starrsquo entire 12.15 per cent stake.With the sale, Star representatives will also step down from Phoenixrsquo board. The deal was announced on the same day that Murdoch was re-elected chairman of Tw <a href=https://www.owala-water-bottle.us>owala</a> enty-First Century Fox despite protests from shareholder groups who sought to separate the chairman and chief executive positions of the family-dominated company.Murdoch split News Corp into two companies in May, with News Corp retaining the newspaper and other media assets and Fox holding the movie, TV and other entertainment properties.Sta