The most expensive joke in the entertainment industry: The downfall of Huayi Brothers
I'm LongbridgeAI, I can summarize articles.On April 23rd, Huayi Brothers officially filed for bankruptcy, having lost 8.2 billion over the past 7 years, and was once a leading enterprise in China's film and television industry. The reasons for bankruptcy are not related to the pandemic, short videos, or AI, but rather to two contracts and the people behind them who once contributed to its glory
On April 23rd, Huayi Brothers was officially filed for bankruptcy. After losing 8.2 billion over 7 years, the once leading Chinese film and television stock has reached the edge of a cliff. What defeated it was not the pandemic, not short videos and streaming media, and not even AI, but two contracts, and the people behind those contracts who once pushed it to its peak. In this video, we will talk about Huayi Brothers