Huace Film and Television’s Strategic Cooperation with Migu Culture and Technology Co., Ltd.

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, 2021, Huace Film and Television announced the signing of a strategic cooperation agreement with Migu Culture and Technology Co., Ltd. This partnership will focus on high-quality content IP and utilize digital technologies such as 5G, AI, and virtual production. The agreement aims to use 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. This article explores the details of the partnership and the innovative business models it aims to create.

The Focus of the Cooperation

Huace Film and Television and Migu Culture and Technology Co., Ltd. will mainly focus on creating high-quality content IP with digital technologies at the core. Through the utilization of 5G, AI, and virtual production, the partnership aims to create a “technological content ecological community” in the 5G and AI era. This community aims to achieve diversified content monetization through innovative business models that fit the current market.

Using Real Space and Metaverse Bit Space

The partnership will also use real space and metaverse bit space as scenarios to create content. Real space refers to the physical world around us. Bit space refers to virtual space that allows for the creation of digital worlds. This approach allows for the creation of immersive experiences that are both engaging and interactive. By exploring the possibilities of both real space and bit space, the partnership aims to create unique and captivating content that will keep audiences engaged.

Operator Traffic and Full IP Linkage

To ensure the success of the partnership, the focus will be on operator traffic and full IP linkage. Operator traffic refers to the digital traffic generated from content distribution. Full IP linkage refers to the protection of intellectual property rights from the conception of the content to the final product. The partnership will use these approaches to ensure that all content produced is original and protected.

Industry Innovations

The partnership between Huace Film and Television and Migu Culture and Technology Co., Ltd. aims to innovate the traditional business models of the industry. They will focus on strategic cooperation in metaverse scene applications, full copyright, music and audio and video ringtones, content production, and content aggregation. Through these innovative business models, the partnership aims to create a “new content+new consumption” industrial space that can achieve diversified content monetization in the 5G and AI era.

The Future of the Partnership

The partnership between Huace Film and Television and Migu Culture and Technology Co., Ltd. is an exciting development in the entertainment industry. Utilizing digital technologies and innovative business models, the partners aim to create high-quality content that engages audiences and protects the intellectual property rights of all involved. With the 5G and AI era just beginning, this partnership aims to be at the forefront of content creation and monetization.

Conclusion

Huace Film and Television’s strategic cooperation with Migu Culture and Technology Co., Ltd. is a positive step in the entertainment industry’s evolution. The partnership aims to create unique and captivating content while fostering full IP linkage and utilizing operator traffic to ensure success. Through innovative business models, Huace Film and Television and Migu Culture and Technology Co., Ltd. aim to create a “new content+new consumption” industrial space in the 5G and AI era.

FAQs

Q: What is the main focus of the strategic cooperation agreement between Huace Film and Television and Migu Culture and Technology Co., Ltd.?
A: The main focus of the partnership is on high-quality content IP with digital technologies such as 5G, AI, and virtual production.
Q: How will the partnership utilize real space and bit space to create content?
A: The partnership will use real space and metaverse bit space as scenarios to create immersive experiences that are both engaging and interactive.
Q: What are the innovative business models that the partnership aims to create?
A: The partnership aims to create strategic cooperation in metaverse scene applications, full copyright, music and audio and video ringtones, content production, and content aggregation. These models aim to create a “new content+new consumption” industrial space that can achieve diversified content monetization in the 5G and AI era.