Disney is poised to be the top entertainment industry beneficiary of a potential improvement in U.S.-China relations, according to a veteran Wall Street analyst.
01.11.2023 - 07:35 / deadline.com
Taiwan saw significant premium VOD subscriber and engagement growth in the third quarter of 2023, adding 315,000 net new SVOD subs to reach a total of 5.8 million subscriptions, according to a report by Media Partners Asia.
The report found that premium VOD engagement and subscriptions in Taiwan were up 6% quarter-on-quarter in Q3 2023, with the premium VOD category capturing 20% of total time spent on online video.
In the SVOD space, Netflix with a 21% market share and Disney+ with a 17% market share, were clear leaders in an otherwise fragmented landscape where over a dozen other local platforms compete with under 10% subscriber market share.
Local players include MyVideo and FriDay each with 9% market share, Hami Video with 7% and iQiyi Taiwan, the local arm of the mainland Chinese streamer, with 6%.
However, YouTube maintains leadership of the online video market overall with 67% of total online video viewership, though share was down 3 points as TikTok (12% of viewership) gained traction in the market.
MPA executive director Vivek Couto said: “Taiwan’s strong quarter was led by Disney+’s impactful marketing efforts and hit Korean superhero drama Moving, as well as organic subscriber growth from Netflix’s international offering and measures to reduce account sharing.
“The two platforms are key contributors to Taiwan’s steady annual subscriber growth of one million, returning strong revenue growth of 25% year-on-year in the first nine months of 2023. Overall, Asian content categories, particularly Chinese and Korean dramas, dominate demand, capturing 85% of premium VOD viewership in Q3 2023.”
By providing your information, you agree to our Terms of Use and our Privacy Policy. We use vendors that may also
Disney is poised to be the top entertainment industry beneficiary of a potential improvement in U.S.-China relations, according to a veteran Wall Street analyst.
Patrick Frater Asia Bureau Chief Growing streaming subscriptions lifted the bottom line at Tencent Music Entertainment, in the third quarter of its financial year, despite a top line decrease in revenues. Net profits hit $173 million (RMB1.26 billion), representing a 16% year-over-year increase. Tencent Music, which is a major stakeholder in both Spotify and Universal Music Group, reported figures on Tuesday, for the three months from July to end September 2023.
Valerie Wu Intern Disney Branded Television has acquired first-generation Taiwanese American filmmaker Sean Wang’s award-winning documentary short, “Nǎi Nai and Wài Pó.” “Nǎi Nai and Wài Pó” features dialogue in both Mandarin and English and is a “multigenerational story” that celebrates Sean Wang’s two grandmothers, one on his father’s side and the other on his mother’s side. The film premiered at the SXSW film festival, where it took home the Grand Jury Prize and Audience Award.
Happy Friday Insiders. Jesse Whittock back again. The strike is over and normality is set to return to the world of TV and film after months of madness. Here’s a rundown of the biggest stories of the week. Don’t forget to sign up to the newsletter here.
Taiwan-Japan documentary After the Snowmelt and Filipino fantasy feature Mother Maybe were presented with the TAICCA X CNC Awards at the close of the pitching forum at Taiwan Creative Content Fest (TCCF). Both awards came with a cash prize of $30,000.
With a background in Taiwanese public television and now president of leading production company Greener Grass Culture, Phil Tang has been one of the key players in Taiwan’s evolving drama production space.
Patrick Frater Asia Bureau Chief The fourth running of the Taiwan Creative Content Fest (aka TCCF) wrapped on Friday with the award of some 30 prizes to film and TV projects in five sections. The prizes followed three and a half days of one-on-one meetings and pitching within the context of the TAICCA-backed project, innovation and rights sales market.
France’s Centre National du cinéma et de l’image animée (CNC) and Taiwan Creative Content Agency (TAICCA) have signed a cooperation agreement, aimed at increasing collaboration and exchanges between the film and TV industries of Taiwan and France.
Patrick Frater Asia Bureau Chief Taiwanese production companies DaMou Entertainment and KOKO Entertainment unveiled a starry local cast for “Fired Up,” their Taiwan remake of hit Korean series “Itaewon Class.” At an event held within the Taiwan Creative Content Fest (TCCF) on Thursday, the two companies also confirmed plans for a second season of “The World Between Us,” a 2019 drama series that premiered on Taiwan’s Public Television Service and regional streamer Catchplay. “Fired Up” will star Mandarin-language pop star Eric Chou, Golden Horse Film Award nominee Angela Yuen, Shao Yu-wei, Huang Guan-zhi, Cosmos Lin, Ben Wu and Sean Lin in leading roles. The show is co-directed by kao Pin-chuan and Tseng Ying-ting, working from a script headed by Chien Li-ying (“Wave Makers”). “Itaewon Class” is a story about an ex-convict who sets up his own business after release from jail.
Patrick Frater Asia Bureau Chief France and Taiwan on Thursday signed a wide-ranging agreement to enable their film and TV industries co-operate on a higher level. At a signing ceremony in Taipei at the Taiwan Creative Culture Fest (TCCF) convention, government representatives of both territories stressed shared values at the political level and in the audiovisual sphere.
Warner Bros Discovery is reteaming with Taiwanese production company DaMou Entertainment to produce HBO Asia original Fired Up! (working title), an adaptation of hit Kakao webtoon Itaewon Class.
Patrick Frater Asia Bureau Chief Series Mania Institute, the first school entirely dedicated to series, and Taiwan Creative Content Agency (TAICCA), Wednesday announced launch next year of Serial Bridges, a workshop event, in France and Taiwan. The first workshop will begin in March at Series Mania (Mar. 15-21, 2023, 2024) in Lille, France, and conclude at the Taiwan Creative Content Fest in November 2024. The Serial Bridges workshop is open to six writer-producer duos with a series project.
Sophia Sun Intern Edwin, the Locarno-winning director from Indonesia, is using the Taiwan Creative Content Fest’s project market to bring his “Sleep No More” to fruition. The dark fantasy film is being structured as an Indonesian-Taiwan coproduction and should shoot in the third quarter of next year. With four Citra awards in his native Indonesia, Edwin has been a regular fixture on the art-house and festival circuits since breaking out in 2005 with his “Dajang Soembi, the Woman Who Was Married to a Dog.” His 2021 feature “Vengeance is Mine, All Others Pay Cash” won the Golden Leopard top prize at Locarno.
Taiwan Creative Content Fest kicked off in Taipei today with organizer, Taiwan Creative Content Agency (TAICCA), emphasizing its soft power ambitions and growing international cooperation activities, in particular with France, South Korea and Japan.
Patrick Frater Asia Bureau Chief CJ ENM Hong Kong, a unit of South Korea’s CJ ENM, has signed a memorandum of understanding with the Taiwan Creative Content Agency (TAICCA), Far EasTone Telecommunications (FET) and local TV network – TVBS to launch a multi-year content fund that would support the co-production and joint distribution of audiovisual content. The “strategic alliance” combines assets including production, distribution and marketing, media networks and technology.
Patrick Frater Asia Bureau Chief Japanese entertainment conglomerate Kadokawa is seeking to double its international revenues through a strategy of diversification and localization. Taiwan is expected to be a key plank in the outreach, executives at the Taiwan Creative Content Fest (TCCF) heard on Tuesday. “Currently 20% of Kadokawa’s revenues come from outside Japan. I want to get this figure to 40%,” said Natsuno Takeshi, CEO Kadokawa Corp. Kadokawa has its roots in publishing of comics and other fiction and also has deeply-established roots in film production and distribution.
Patrick Frater Asia Bureau Chief A trio of ministers, accompanied by a fleet of senior industry names, were on hand Tuesday in Taipei to give their official blessing to the opening of the fourth running of the Taiwan Creative Content Fest (TCCF) – and to underline the Taiwan government’s investment in soft power. Cheng Wen-tsan, VP of the [government executive branch] Executive Yuan, Taiwan’s Minister of Culture, Shih Che, and a minister without portfolio were accompanied by Chunghwa Telecom’s chairman, Kuo Shui-Yi, head of TAICCA Homme Tsai and Dominique Boutonnat, president of France’s National Center of Cinematography and the Moving Image, on stage at the Songshan Cultural and Creative Park, a former-tobacco factory site that has since been redeveloped. “Nowadays we are investing not only in semiconductors and heavy industry, but also in media and content,” said Cheng. He confirmed that some NT$10 billion ($310 million) of government funding has been approved for the “1 Plus 4T Content Plan” and will be released over four years. In a classic example of public-private partnerships, state cash is being supplemented by further financial commitments from Taiwan’s three major cable-telecoms-internet groups through deals signed last week with Taiwan Creative Content Agency (TAICCA).
Patrick Frater Asia Bureau Chief Screenworks Asia, the production subsidiary of Taiwan-based streaming platform Catchplay, has set two series to release early next year. “Not A Murder Story” follows a wannabe actor who finally gets a chance of success. And when he wakes up with a dead woman besides him, he is determined not to let it stand in his way.
Patrick Frater Asia Bureau Chief TAICCABOSSAs Taiwan seeks for creative, industrial and political reasons to make a bigger mark for itself on the international stage, its Taiwan Creative Content Fest is diversifying, expanding and making greater efforts at cross-border outreach. Homme Tsai, chair of industry support body TAICCA spoke outline the event’s strategy and novelties in a conversation with Variety. What are the objectives of the Taiwan Creative Content Fest? The TCCF is an international event for content licensing and project investment.
Taiwanese LGBTQ+ Streamer GagaOOLala has announced a packed slate of originals and acquired titles on the eve of Taiwan Creative Content Fest (TCCF), including unscripted queer reality dating series Boys Like Boys.