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Fan Lu Yuan: In 18 years, Alibaba's big entertainment will reach third globally, only behind netflix and disney.
Sina Technology reported that on December 7th, early in the morning, on December 6th, Alibaba partner, and chairman and CEO of Alibaba's film and television entertainment group, Fan Luyuan, delivered a themed share at an internal meeting of Lingxi Interactive Entertainment. Fan Luyuan stated that within the next 15 to 18 years, Alibaba's film and television entertainment aims to become the third largest in the global entertainment industry. Why third in the world? Fan Luyuan explained, "I have thought about this for a long time. First is Netflix, which currently has a market cap of 400 billion dollars. Second is Disney, with a 100-year history. But why do I think there is an opportunity for third? Because from a global perspective, there is really a foundation for industrialization in the film and television entertainment industry, this kind of system investment."
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