Latest in Alibaba Digital Media & Entertainment Group

Alibaba-owned SVOD service Youku is leading a content arms race in China and expects to spend billions of dollars on original programming and international co-productions over the next few years. The digital platform launched in 2006 has already disrupted the country's staid programming market, but its drive to create…

CBS has completed its purchase of Australian broadcaster Network Ten, acquiring the main free-to-air channel as well as digital spin-offs One and Eleven and streaming service Tenplay. This comes after an ownership saga that lasted months, which saw a bidding war between CBS and News Corp executive co-chairman Lachlan…

The chief executive of Alibaba Digital Media & Entertainment Group plans to throw serious money at content: Yu Yongfu, the fast-rising tech exec who was appointed CEO in a reshuffle earlier this month, said in an internal email that the entertainment affiliate will invest more than RMB 50B ($7.2B) over the next three…

China’s e-commerce giant, Alibaba, is consolidating its key entertainment holdings under one new umbrella while also eyeing a complimentary fund of over 10B yuan ($1.5B) to invest in the digital media and entertainment industries. The newly-christened Alibaba Digital Media & Entertainment Group will include such…