[November 13, 2009] Li Feng: Netmovie to Continue Cooperate with TVB Tweet BEIJING, Nov 13, 2009 (SinoCast Daily Business Beat via COMTEX) -- Beijing Netmovie Co., Ltd. has cooperated with Television Broadcasts Limited (TVB) for five years and will continue team up in the coming two years, Li Feng, president of the Beijing-based company said when he made a response to the saying that Netmovie would lose the copyright contract with TVB. Netmovie is a leading provider of digital video entertainment content distribution in China and establishes partnership with a number of film and TV play content suppliers. Established on November 19, 1967, TVB is the first wireless commercial television station in Hong Kong. The Chinese online video market saw a revenue of CNY 122 million in the second quarter of 2009, Analysys International, a leading advisor about the technology, media, and telecommunications (TMT) industries in China, announced in a video research report. And the number surged 57.2% compared with the same period last year, and grew 22.3% compared with the first quarter, according to the report. Source: www.hexun.com (November 13, 2009) [ Back To TMCnet.com's Homepage ]