China's Alibaba sets entertainment deal with Lionsgate

2014/07/15 07:06:41 @Entertainment News Headlines — Yahoo! News

Alibaba and US-based entertainment company Lionsgate on Tuesday announced plans for a movie and television streaming service in mainland China, as the Chinese Internet giant expands beyond its e-commerce core. Alibaba, whose flagship site Taobao holds more than 90 percent of China & #039;s online consumer-to-consumer market, is preparing for a multi-billion-dollar stock offer on the New York Stock Exchange that could rival Facebook & #039;s flotation. The Chinese company will offer Lionsgate content, which includes the television series & quot;Mad Men & quot; and the movie franchise & quot;The Hunger Games & quot;, through its set-top boxes with an expected launch next month, the companies said in a statement. China censors material authorities deem politically sensitive or obscene.
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