传媒行业周报：ChatGPT搜索全球上线，谷歌Deepmind推出AI视频模型Veo 2

Investment Rating - The report maintains a rating of "Overweight" for the media sector, despite a decline of 4.35% in the CITIC primary media sector during the week of December 16-20, 2024 [6][40]. Core Insights - The media sector is experiencing a market correction, with mergers and acquisitions expected to remain a core focus in the near term. The report emphasizes the importance of state-owned enterprises (SOEs) in the media sector, particularly in light of the State-owned Assets Supervision and Administration Commission's (SASAC) clear valuation assessments for SOEs [6][18]. - The report highlights the accelerating development of the AI industry, with domestic models continuously improving in performance. It suggests ongoing attention to the AI sector as applications gradually materialize [6][18]. Summary by Sections 1. Investment Focus - The media sector's performance is under scrutiny, with a notable decline in stock prices. Key stocks to watch include resource integration expectations for companies like China Vision Media and Guangxi Broadcasting [6][18]. - The report identifies several sectors for potential investment: 1. Resource integration: China Vision Media, Guoxin Culture, Guangxi Broadcasting, Tangde Film, Jishi Media, Youzu Network, Shanghai Film, etc. 2. AI: Kunlun Wanwei, Tom Cat, Wanxing Technology, Shengtian Network, Chinese Online, Yidian Tianxia, Visual China, Shengtong Co., Focus Technology, etc. 3. Gaming: Strongly recommended stocks include Shenzhou Taiyue, Kaiying Network, and Jibite, with a focus on turnaround opportunities for Perfect World and ST Huatuo [6][18]. 2. Key Events Review - OpenAI's ChatGPT search feature was launched globally, enhancing user experience with real-time search and advanced voice integration [21]. - The Ministry of Education reported a total education expenditure of 64,595.04 billion yuan in 2023, with state financial education expenditure reaching 50,439.47 billion yuan, marking a 4.06% increase from the previous year [21]. - The report notes the launch of an AI-assisted storybook platform by Shengtong Education Group, expanding the dimensions of storybook dissemination [21]. 3. Sub-sector Data Tracking - The report provides insights into the performance of various media stocks, with top gainers in the media sector including Electric Sound Co. (44.9%), Visual China (21.3%), and Guangdong Media (14.7%) [12][40]. - The report also tracks the box office performance, with the top three films generating significant revenue during the week of December 16-20, 2024 [67].