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14 March, 2017
TV World 2017 International Forum: Is the Internet a Challenge or Opportunity for the Show Business ?
The 21st Hong Kong International Film and TV Market (FILMART) held an international forum on March 14th at the Hong Kong Convention & Exhibition Centre, with the theme “Is the Internet a challenge or an opportunity for the Show Business?”, where TV practitioners and experts from all over the world were invited to share their views on the challenges and opportunities the Internet Era.
HKTVA Committee members at the ribbon-cutting ceremony
Mr. Tsui Siu Ming, Chairman of the HKTVA; Mr. Raymond Yip, Deputy Executive Director of the Hong Kong Trade Development Council; Mr Gu Guoqing, General Manager of China Film Promotion Company Guyanqing; Mr Akinori Kobayakawa, President of Kyushu Associations of Independent Entrepreneurs; Mr Joe Suteestarpon, CEO of Mediaplex (DOONEE); Mr. Wang Xiaohui, Chief Content Officer of iQIYI; and Mr Kit Szeto, Director & CEO of Dim Sum TV, attended the event as guest speakers.
Public forum guests posed for pictures
Is the rapid development of the Internet a challenge or an opportunity for the show business?
Mr. Tsui Siu Ming, Chairman of the HKTVA , pointed out that in recent years, films and television content have been attracting billions of hits on the internet, which affects the traditional TV market and adversely leading Hong Kong TV industry to go downhill. He hoped that through discussion and sharing in the forum, possible strategies and opportunities for collaboration could be generated among stakeholders.
Mr. Tsui Siu Ming, Chairman of the HKTVA, delivering a speech
A panel discussion for guests to share their unique views on the development of the internet
When it came to the operation of the internet, Mr. Wang Xiaohui, the Chief Content Officer of iQIYI, expressed that despite short term challenges that were affecting the profitability of internet film and television , positive business opportunities presented by the internet in the long run were still expected. IQIYI is currently developing an entertainment platform that offers a revolutionary combination of rich content including film, television drama, variety shows, animation, interactivity and games etc.
Mr Wang Xiaohui (second from left) expressing his idea
Mr Gu Guoqing, the General Manager of China Film Promotion International Ltd, stated that the internet promoted innovation, creativity and production in the film and creative industries, and essentially serves as a significant medium for content to be distributed and accessed more widely and effectively.
Mr Joe Suteestarpon, CEO of Mediaplex International, agreed that the internet has provided more choices for audiences to enjoy high-quality content.
Guests listening attentively at the International forum
Mr. Szeto Kit, Director & CEO of Dim Sum TV, shared his views on how the Internet era is revolutionizing the film and television industry from a traditional media perspective. He started with introducing his own business Dim Sum TV and Yahuan Media and pointed out that the industry must take the internet into account when identifying and reaching out to their target audience due to expanding online consumer base and sales that are closely related.
Mr. Szeto expressing his views
During his speech, Mr. Szeto presented a set of data about online video content , which highlighted the power and potential areas of opportunities internet platform may bring. Mr. Szeto concluded that the internet did not pose much threat, but rather may offer unprecedented business opportunities in the long term.
Slide show images to introduce Dim Sum TV and the production of related works by Media Asia Film
The Internet-related data mentioned by Mr. Szeto in the speech attracted the audience’s attention
The Internet has no doubt changed the lifestyles and habits of viewers, just like the relationship between e-commerce websites and supermarkets or department stores. There is no one single platform that can satisfy the demands of the entire population of 1.3 billion . Collaboration between multiple platforms is vital to capitalize in the midst of a changing TV and film ecology in order to create an orderly and predictable path in the future.
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