TVB (00511.HK) Once Surges 7%+; No. of Co-produced Dramas w/ Tencent Video Increases to 8

　　TVB (00511.HK) +0.130 (+4.000%) opened up 4.31% today and once spiked 7.38% to a peak of $3.49. It last printed at $3.36, up 3.38%, with a volume of 964,500 shares and a turnover of $3.2973 million.

　　TVB announced that it has reached a new framework for cooperation with Tencent Video, a subsidiary of TENCENT (00700.HK) -1.800 (-0.471%) Short selling $961.82M; Ratio 19.683% . By integrating resources and complementing each other's strengths, the two parties aim to further enhance their cooperation, with the goal of creating a more diversified content synergy and achieving greater market influence, including expanding partnerships in co-produced dramas.

　　Building on the existing 4 dramas, the 2 sides will double the volume and co-produce four additional new dramas, totalling 8. The first 4, including “No Room For Crime”, “Big Biz Duel”, “No Return” and “One-twelfth”, are expected to be simultaneously aired in mainland China and Hong Kong within 2024.

　　The four additions, including “Wars of Roses” and “The Fading Gold”, will also begin shooting this year and are expected to be released in 2025.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-25 16:25.)