The digital entertainment market is definitely seeing a surge. While other companies are pumping in money into the business, Alibaba posted a 271 percent surge in revenues from the entertainment market.
Alibaba Holding formed a new digital arm, comprising of Alibaba Digital Media and Entertainment, YouKu Tudou, the video website and Alibaba Pictures Group. The entity also covers the company’s sports, games, literature, music and other digital entertainment divisions.
This is definitely good news for the digital medium. A big company sharing its revenue increase will definitely boost the morale of this fledging medium.