Cooperation between Huace Film and Television and Migu Culture and Technology for a Technological Content Ecological Community

On April 24th, Huace Film and Television announced that the company had signed a strategic cooperation agreement with Migu Culture and Technology Co., Ltd. The two sides of this cooperation will focus on high-quality content IP as the core, driven by digital technologies such as 5G, AI, and virtual production, using real space and metaverse bit space as scenarios, operator traffic as the entrance, and through full IP linkage, carry out strategic cooperation in metaverse scene applications, full copyright, music and audio and video ringtones, content production, and content aggregation, innovate business models, and jointly build an industrial space of “new content+new consumption”, Forming a “technological content ecological community” to achieve diversified content monetization in the 5G and AI era.

Huace Film and Television: To collaborate with Migu Company in the application of metaverse scenes, full copyright, and other aspects

Introduction

On April 24th, Huace Film and Television announced that they had signed a strategic cooperation agreement with Migu Culture and Technology Co., Ltd. to focus on high-quality content IP as the core to form a “technological content ecological community” that would achieve diversified content monetization in the 5G and AI era.

The Partners

Huace Film and Television is a Chinese film and television production company that has produced various popular series, movies, and web dramas. It holds a leading position among Chinese TV production companies and has played an essential role in promoting the Chinese film and television industry’s international communication and cooperation.
Migu Culture and Technology Co., Ltd., a subsidiary of China Mobile, is an innovative enterprise focusing on cultural and technological content. With strong technical capabilities, they provide diversified services such as digital music, digital reading, digital entertainment, and digital business in China.

The Cooperation

Huace Film and Television and Migu Culture and Technology Co., Ltd. will focus on high-quality content IP as the core in this cooperation. The two companies will use digital technologies such as 5G, AI, and virtual production, leveraging real space and metaverse bit space as scenarios to innovate business models and achieve diversified content monetization in the 5G and AI era.

Metaverse Scene Applications

Metaverse is a virtual world where users can create and interact with a computer-generated environment and other users. This cooperation will use metaverse bit space as a scenario to make innovative content products that can be enjoyed by people in a virtual world.

Full Copyright

The two parties will work together to maintain the full copyright of each content product created to ensure that the creators are credited, and any use of their products adhere to the set standards.

Music and Audio and Video Ringtones

Huace Film and Television and Migu Culture and Technology Co., Ltd. will work together to distribute music and audio or video ringtones, which will be used in new content such as films.

Content Production

The companies will collaborate to produce new and high-quality content such as TV and films that are appealing to a broad audience, both in China and internationally.

Content Aggregation

To make their platform useful to their users, these companies will aggregate the content they have produced in a user-friendly way so that they can be quickly located and enjoyed.

Building the Technological Content Ecological Community

The two companies will work together in building an industrial space of “new content+new consumption.” This community will be centered around 5G and AI technology to achieve its diversified content monetization goals. The aim is to create an ecosystem in which various companies can work together and form a “technological content ecological community” that provides quality, innovative digital content products.

Conclusion

The cooperation between Huace Film and Television and Migu Culture and Technology Co., Ltd. is a step towards the future of the content production industry, especially in China. With the use of advanced technology such as 5G and AI, the two companies will make innovative content products that will appeal to people globally.

FAQs

1. What is Huace Film And Television’s role in this cooperation?

Huace Film and Television is a leading Chinese film and television production company that will focus on high-quality content IP as the core in this cooperation.

2. What is Migu Culture and Technology Co., Ltd.’s role in this cooperation?

Migu Culture and Technology Co., Ltd. will work together with Huace Film and Television to create a content production environment centered around technological innovation that will achieve diversified content monetization in the 5G and AI era.

3. How will this cooperation benefit content creators?

The cooperation between Huace Film and Television and Migu Culture and Technology Co., Ltd. will maintain the full copyright of each content product created to ensure that the creators are credited, and any use of their products adhere to set standards.