What is the relationship between Huace Film and Caton Media?

Keton Media is a wholly-owned subsidiary of Huace Film and Television, with the acquisition transaction amount of 654.38+652 million, which is the largest M&A project announced by the domestic film and television industry so far. As the leading enterprises in the film and television industry, Huace Film and Keton Media have accumulated a lot of resources through long-term development. After the completion of this reorganization, Huace Film and Carton Media enjoy resources such as development strategy, brand promotion, creative production resources, database resources, knowledge training, copyright resources, customer resources, distribution channels, marketing and promotion, etc., and cooperate effectively in many fields, actively play the advantages of Carton Media and maintain the sustainable competitiveness of Carton Media. After the acquisition, Huace Film and Television became the first company in the domestic TV drama industry with a market share of more than 10%, and its production scale will be expanded to more than 1000 episodes per year.