BEIJING, June 15, 2018 /PRNewswire/ — iQIYI Inc. (NASDAQ: IQ) (“iQIYI” or the “Company”), an innovative market-leading online entertainment service in China, announced that it will join hands with famed auteur Chen Kaige to start working on iQIYI’s premium online drama “The Eight”, representing Chen’s first foray into the online drama arena. Chen’s cooperation with iQIYI is a testament both to the growing appeal of the drama series format for high-level Chinese directors and the iQIYI platform’s ability to attract top talent.
“The rise of premium internet dramas has opened up a huge space for creative innovation,” said Mr. Chen of his first foray into internet video. “With this freedom, directors can now approach storytelling from many different dimensions and create deeper, more richly drawn characters.”
As China’s leading internet entertainment platform, iQIYI has not only popularized the Chinese paid online content model, but was also the earliest company to work with top tier creative talents on high quality original dramas. In 2017, iQIYI worked with well-known filmmakers such as Han Sanping and Chen Guofu to produce critically acclaimed hit dramas like “Burning Ice” and “Tientsin Mystic,” both of which became part of the first batch of Chinese dramas to stream on Netflix.
The story of “The Eight” takes place in both Paris and China amidst the turmoil of the early Republican era, telling the story of a young Chinese man who has grown up at the intersection of Chinese and Western culture and gets drawn into the criminal underworld while fighting to save China’s independence against a variety of hostile forces.
About iQIYI, Inc.
iQIYI, Inc. (NASDAQ: IQ) (“iQIYI” or the “Company”) is an innovative market-leading online entertainment service in China. Its corporate DNA combines creative talent with technology, fostering an environment for continuous innovation and the production of blockbuster content. iQIYI’s platform features highly popular original content, as well as a comprehensive library of other professionally-produced content, partner-generated content and user-generated content. The Company distinguishes itself in the online entertainment industry by its leading technology platform powered by advanced AI, big data analytics and other core proprietary technologies. iQIYI attracts a massive user base with tremendous user engagement, and has developed a diversified monetization model including membership services, online advertising services, content distribution, live broadcasting, online games, IP licensing, online literature and e-commerce etc. For more information on iQIYI, please visit http://ir.iqiyi.com.
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