Bilibili Scandal

mchongmy
2022-07-27

$BILIBILI-SW(09626)$  is under fire after Chinese Basketball Association (CBA) sued the streaming video services giant for the unauthorised online broadcast of its games. 

CBA has demanded 406 million yuan (US$60.12 million) in legal compensation, for its specialised tabs, channels and rankings on its website to host CBA-related content, which is a “direct and deliberate infringement”, the Beijing court’s filing said, with 281 full videos and 416 highlight clips of the CBA Games during the 2019 and 2020 season, as Bilibili’s rights for streaming the CBA’s ended 2018-2019. 

The copyright infringement case against Bilibili is currently being processed by the Beijing Intellectual Property Court. Bilibili, which is listed on the Nasdaq Stock Market and in Hong Kong, did not immediately respond to a request for comment on Tuesday.

China has tight streaming rules and this scandal comes after Bilibili's announcement to clamp down on activities of virtual live-streamers seeking to generate more user traffic with “malicious content that challenges good morals and public order”, according to an announcement published on the company’s website. 

Both live-streaming and sporting events are significant businesses for Bilibili, with live streaming forming 40% of its total revenue Q1 FY2021 and sporting events bringing in revenue of 30.9 billion yuan in 2019 from 2016, with a total audience of 138 million as of 2020, according to data from research institute Qianzhan.

With streaming services becoming increasingly popular, it is up to the servers to ensure content is not copywrited and legally approved.

Let me know what you think![Yummy] 

If you wish to leverage on this, consider using DLCs: 

$Bilibili 5xLongSG230329(DMJW.SI)$ 

$Bilibili 5xShortSG230620(DCNW.SI)$ 

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • PhilipChow
    2022-07-27
    PhilipChow
    Perhaps will face punishment from China government policy
  • gme1xxx
    2022-07-27
    gme1xxx
    nice! [Happy] [Like]
  • ec1111
    2022-07-27
    ec1111
    hmm
  • 最爱黄霄云
    2022-07-27
    最爱黄霄云
    哈哈哈哈
  • angkw
    2022-07-27
    angkw
    👍
  • Dragon1976
    2022-07-27
    Dragon1976
    Roar
Leave a comment
12