Glory Star Renews Content Licensing Agreement with E-Surfing Media
b'BEIJING, May 18, 2021 /PRNewswire/ --Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) ("Glory Star" or the "Company"), a leading digital media platform and content-driven e-commerce company in China, today announced the renewal of its cooperation agreement with E-Surfing Media Co., Ltd. ("E-Surfing Media"), a subsidiary of China Telecom.
- b'BEIJING, May 18, 2021 /PRNewswire/ --Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) ("Glory Star" or the "Company"), a leading digital media platform and content-driven e-commerce company in China, today announced the renewal of its cooperation agreement with E-Surfing Media Co., Ltd. ("E-Surfing Media"), a subsidiary of China Telecom.
- Under the terms of the agreement, the Company will continue to license and authorize the use of its CHEERS video series content to E-Surfing Media on E-Surfing Media\'s platform and other third-party platforms that E-Surfing Media operates for a licensing fee of RMB27 million.\nE-Surfing Media has since become one of the largest paid video service platforms in China.
- The strategic partnership between E-Surfing Media and the Company has provided access to China Telecom\'s enormous user base, leading to a rapid expansion of the viewership of the Company\'s premium content, further promotion of the Glory Star brand, and increased the Company\'s market share in the digital media industry.\nMr.
- "\nGlory Star New Media Group Holdings Limited is a leading digital media platform and content-driven e-commerce company in China.