Baidu’s iQIYI online video platform has sealed a multi-year output agreement with 20th Century Fox giving it new release digital TVOD and exclusive first-run SVOD rights in China to the studio’s theatrical releases. The arrangement will make iQIYI the first Middle Kingdom platform where subscribers can see Fox movies via TVOD and SVOD including recent titles The Martian, The Revenant, The Peanuts Movie (aka Snoopy And Charlie Brown: A Peanuts Movie locally) and Maze Runner: The Scorch Trials.
The companies previously enhanced their existing library licensing deal by significantly increasing the films available on iQIYI’s online streaming service.
IQIYI has an extensive catalog of films available online and reached 10M subscribers as of December 1, 2015. According to an October report published by App Annie, iQIYI’s mobile app was the 7th top iOS app by revenue globally.