While Youku Tudou has been making headlines in the business world with its $3.67 billion acquisition by e-commerce giant Alibaba, its number one competitor Tencent has been busy cutting deals to bring two of the biggest franchises in film history to its customers.
As the latest James Bond blockbuster “Spectre” was hitting theaters in North America on Friday, Tencent announced that it has struck a deal with MGM for the online rights in China for the entire 007 series from Eon Productions.
In September, Tencent secured the Chinese streaming rights for the first six “Star Wars” films from The Walt Disney Company and 20th Century Fox.
Tencent is now offering TVOD (transactional video on demand) and SVOD (subscription video on demand) access to the Bond movies from 1962’s “Dr. No” to 2012’s “Skyfall” through its various online channels, including v.qq.com, film.qq.com and the Tencent Video app. As part of the deal, “Spectre” — which opens in China on Nov. 13 — will be made available through Tencent at a later date.
On Friday, Tencent also announced that it has struck a deal with Paramount to be the TVOD and SVOD distributor in China for the studio’s new theatrical releases starting in April 2016. The deal includes upcoming Paramount films “Star Trek Beyond,” “Teenage Mutant Ninja Turtles: Out of the Shadows” and “Jack Reacher: Never Go Back,” starring Tom Cruise, as well as recent releases such as “Mission: Impossible — Rogue Nation” and “Terminator Genisys.” Tencent will have an exclusive 12 month window on the films in mainland China.