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China's $500M Blockbuster 'The Mermaid' Getting TV Adaptation

Beijing-based iQiyi has paid an historic $61.8 million for the exclusive streaming rights to the show, which sources in China say will be scripted and produced by Stephen Chow. Chinese production company Shanghai New Culture Media Group revealed in a regulatory filing that it has sold the exclusive online streaming rights to the forthcoming show to Beijing-based SVOD company iQiyi for $61.8 million (420 million RMB)

  • Duration: 00:32

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