Huayi Tencent Entertainment Company Limited (“Huayi Tencent Entertainment”, HKSE : 00419) is a new media company integrating culture and entertainment. We produce quality international films, animations and TV dramas, and invest in international entertainment companies through M&A and resource integration, aiming at building an integrated platform with both content development and online-to-offline entertainment channels. Tencent (HKSE : 00700.HK) and Huayi Brothers Media Corporation (SZSE : 300027) are the major shareholders of Huayi Tencent Entertainment.
Through the rich resources of Tencent and Huayi Brothers in contents and new media, Huayi Tencent is able to capitalise on international investment opportunities, such as investing in Hollywood and Korea productions. In 2016, we invested in HB Entertainment, a prominent Korean entertainment and agency company. We entered into a Cooperation Framework Agreement with Huayi Brothers in 2019, which shows great synergy between the Group and its major shareholders.
The content projects invested by the Group achieved outstanding results, of which “Sky Castle”, produced by HB Entertainment and aired the end of 2018, has recorded the highest-ever national viewership rating of 23.8% in Korea. “Space Sweepers” and “Cherry” will soon meet the audience around the globe through Netflix and Apple TV+ respectively in early 2021.