The 2020 Mid-Year Partner Meeting of Gao Peng Law Firm was held on August 21-22, 2020 at the scenic and outstanding Huangshan Puxi No. 1 Training Base, where partners and lawyers from the Beijing head office and eight branches across the country gathered for in-depth exchanges. At the conference, Ms. Zhang Jianli made a keynote speech on the dynamics of the film and television media industry and the value-added legal services of lawyers.

Lawyer Zhang Jianli introduced the current situation and dynamics of the film and television media industry, and she believes that the film and television media industry is still in the golden period of development and has broad prospects.

1. At the policy level:

• The 13th Five-Year Plan proposes that cultural industries should become the pillars of the national economy

• The film and television industry has ushered in a number of favorable policies

--- May 13, the Ministry of Finance and the National Film Administration issued the "Announcement on the Policy of Temporarily Exempting the Collection of Special Funds for the Development of the National Film Industry"

--- May 22, the government work report of the two sessions also specifically mentioned the need to focus on the development of the film and television industry

2. At the level of Internet technology:

The advent and commercialization of the 5G era has brought new revenue streams to the media and entertainment industry

• In addition to the three major operators, 5G licenses also include "China Radio and Television", and short videos and medium and long videos will be hot spots for development

3. Investment direction of capital market:

•Internet companies have become the dominant players in the capital market of the media industry, with more strategic investors, more preference for mid- and late-stage head enterprises, and the areas with larger financing scale are media websites, online video and film and television music

•Social security fund layout of cultural and entertainment concept stocks

Combining the above three factors and with the resumption of film and television, the film and television industry will usher in new development opportunities.

(This article is translated by software translator for reference only.)