Tencent Announces Agreement With Paramount Pictures for VOD Rights in China

Tencent Holdings Limited TCEHY has reached an agreement to be the exclusive TVOD (transactional video on demand) and SVOD (subscription video on demand) distributor in China for Paramount Pictures' VIAB new theatrical releases starting April 2016. Under the deal, Tencent will have exclusive SVOD and TVOD rights in mainland China for upcoming Paramount feature films for 12 months following their theatrical releases.  Among the highly anticipated films on Paramount's slate are Star Trek Beyond, which will debut in theaters next year as the franchise celebrates its 50th anniversary; Teenage Mutant Ninja Turtles: Out of the Shadows, the exciting follow up to last year's blockbuster hit; and Tom Cruise reprising his role in Jack Reacher: Never Go Back, based on the best-selling Jack Reacher novels. Tencent users will receive unique access to content from Paramount via Tencent's various online channels, including v.qq.com, film.qq.com and the Tencent Video app. The agreement further enhances Tencent's unmatched premium content portfolio of top-class stars and entertainment which already features the complete Star Wars See full press release