{"id":384900,"date":"2020-11-19T08:03:20","date_gmt":"2020-11-19T13:03:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=384900"},"modified":"2020-11-19T08:03:20","modified_gmt":"2020-11-19T13:03:20","slug":"glory-star-provides-streaming-rights-to-migu-video-for-cheers-video-series","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/glory-star-provides-streaming-rights-to-migu-video-for-cheers-video-series\/","title":{"rendered":"Glory Star Provides Streaming Rights to Migu Video for CHEERS Video Series"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">BEIJING, Nov.  19, 2020  (GLOBE NEWSWIRE) &#8212; Glory Star New Media Group Holdings Limited\u00a0 (NASDAQ: GSMG)\u00a0 (\u201cGlory Star\u201d or the \u201cCompany\u201d), a leading mobile and online digital media and entertainment company in China, today announced that the its CHEERS video series has officially launched on platforms owned by Migu Video Technology Co., Ltd (\u201cMigu Video\u201d), a subsidiary of China Mobile (NYSE: CHL), a company providing digital content in the forms of music, videos, books, games, and animation.<\/p>\n<p align=\"justify\">According to the Framework Agreement between Glory Star and Migu Video, Glory Star will provide Migu Video access to its rich video series library that is available on the Company\u2019s CHEERS platform. Migu Video will be able to stream Glory Star\u2019s vast video contents on Migu Video\u2019s video streaming platforms. In addition, Glory Star will also receive fees from Migu Video for the use and streaming of the Company\u2019s CHEERS video series content on Migu Video\u2019s video streaming platforms. <\/p>\n<p align=\"justify\">Mr. Bing Zhang, Founder and Chief Executive Officer of Glory Star, commented, \u201cWe are pleased to announce our cooperation with Migu Video and look forward to working together going forward. With a total of more than 947 million mobile subscribers in June 2020, China Mobile is the largest telecom operator in China. We are confident that this cooperation will be mutually beneficial for both parties as we will be able to access China Mobile\u2019s massive user base to extend the reach of our CHEERS video series and Migu Video will be able to bolster its video content offerings to augment its platform\u2019s user stickiness. Looking ahead, we believe that these types of collaborations will continue to enhance our monetization performance, generate increasingly stable revenues, and fuel our growth over the long term.\u201d<\/p>\n<p align=\"justify\">\n        <b>About Glory Star New Media Group Holdings Limited<\/b><br \/>\n        <br \/>Glory Star New Media Group Holdings Limited is a leading mobile entertainment operator in China. Glory Star\u2019s ability to integrate premium lifestyle content, including short videos, online variety shows, online dramas, live streaming, its Cheers lifestyle video series, e-Mall, and mobile app, along with innovative e-commerce offerings on its platform enables it to pursue its mission of enriching people\u2019s lives. The company\u2019s large and active user base creates valuable engagement opportunities with consumers and enhances platform stickiness with thousands of domestic and international brands.<\/p>\n<p align=\"justify\">\n        <b>Safe Harbor Statement<\/b><br \/>\n        <br \/>Certain statements made in this release are \u201cforward looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words \u201cestimates,\u201d \u201cprojected,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cforecasts,\u201d \u201cplans,\u201d \u201cintends,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cfuture,\u201d \u201cpropose\u201d and variations of these words or similar expressions\u00a0 (or the negative versions of such words or expressions ) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company\u2019s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; and other factors listed in the Company\u2019s Annual Report on Form 10-K for the year ending December 31, 2019 and in other filings made by the Company with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.<\/p>\n<p align=\"justify\">\n        <b>Contacts<\/b><br \/>\n        <br \/>Glory Star New Media Group Holdings Limited<br \/>Yida Ye<br \/>Email:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IOwwDCZ3CgBDYBENaDSIeielE6Q31DoMuuXMuxjNiSpiz_Cn9JOLt6w-JdnBbvIfgj40d1X8Q74F00ioev4PLYsuDrCUSiP13zLtxN3YD4I=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">yeyida@yaoshixinghui.com<\/a><\/p>\n<p align=\"justify\">ICR LLC.<br \/>Sharon Zhou<br \/>Tel: +1 (646) 308-0546<br \/>Email:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nf4AtrpYhASEreCxAGwnGL1VeVi3SW6T9WL3AgUv9BydvDFxsXGodnVN_um2nEalDCimckLS9sbmP1cyZbLAFQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">gsnm@icrinc.com<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4ODk2NCMzODM1MTQ5IzUwMDA1MDQ3OQ==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/3e7d7e20-a8e7-4c96-a2b0-89fa7dca3190\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING, Nov. 19, 2020 (GLOBE NEWSWIRE) &#8212; Glory Star New Media Group Holdings Limited\u00a0 (NASDAQ: GSMG)\u00a0 (\u201cGlory Star\u201d or the \u201cCompany\u201d), a leading mobile and online digital media and entertainment company in China, today announced that the its CHEERS video series has officially launched on platforms owned by Migu Video Technology Co., Ltd (\u201cMigu Video\u201d), a subsidiary of China Mobile (NYSE: CHL), a company providing digital content in the forms of music, videos, books, games, and animation. According to the Framework Agreement between Glory Star and Migu Video, Glory Star will provide Migu Video access to its rich video series library that is available on the Company\u2019s CHEERS platform. Migu Video will be able to stream Glory Star\u2019s vast video &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glory-star-provides-streaming-rights-to-migu-video-for-cheers-video-series\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Glory Star Provides Streaming Rights to Migu Video for CHEERS Video Series&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-384900","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Glory Star Provides Streaming Rights to Migu Video for CHEERS Video Series - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glory-star-provides-streaming-rights-to-migu-video-for-cheers-video-series\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glory Star Provides Streaming Rights to Migu Video for CHEERS Video Series - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BEIJING, Nov. 19, 2020 (GLOBE NEWSWIRE) &#8212; Glory Star New Media Group Holdings Limited\u00a0 (NASDAQ: GSMG)\u00a0 (\u201cGlory Star\u201d or the \u201cCompany\u201d), a leading mobile and online digital media and entertainment company in China, today announced that the its CHEERS video series has officially launched on platforms owned by Migu Video Technology Co., Ltd (\u201cMigu Video\u201d), a subsidiary of China Mobile (NYSE: CHL), a company providing digital content in the forms of music, videos, books, games, and animation. According to the Framework Agreement between Glory Star and Migu Video, Glory Star will provide Migu Video access to its rich video series library that is available on the Company\u2019s CHEERS platform. 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According to the Framework Agreement between Glory Star and Migu Video, Glory Star will provide Migu Video access to its rich video series library that is available on the Company\u2019s CHEERS platform. 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