If reports from China are to be believed (clearly they cannot), a company with $19 million in revenue was going to finance $1 billion of Paramount’s slate.
Since launching in 2010, iQiyi has accumulated the most paid SVOD subscribers in China, however, calculating an accurate subscriber base is challenging.
Paramount will not receive the $1 billion in slate funding from China’s Shanghai Film Group, and Hua Hua Media. A source said, the “Paramount deal is dead.”