据港交所官网，1月1日，Suplay提交上市申请，中金公司、摩根大通为其联席保荐人。 资料显示，Suplay成立于2019年，主营IP收藏品及消费级产品，拥有旗舰品牌"卡卡沃"。32岁的黄万钧 为公司创始人、董事会主席、执行董事兼首席执行官。 2021年，Suplay完成A+轮融资，并从米哈游有限公司获得800万美元投资。根据弗若斯特沙利文的资 料，以2024年GMV计，Suplay在中国收藏级非对战卡牌市场排名第一，超过第二、三名总和，同时是 全球前五大收藏级非对战卡牌品牌中唯一的中国品牌。 据Suplay介绍，其卡牌产品定位高端，聚焦于单卡发行价超过人民币10元的收藏级区间。这些卡牌采取 限量发行策略，兼具艺术质感与收藏价值。 业绩方面，报告期（2023年、2024年、2025年前三季度）各期，Suplay分别实现收入约1.46亿元、2.81 亿元、2.83亿元，期内权益股东应占利润294.9万元、4911.5万元、3707.4万元。 报告期各期，Suplay基于授权IP的产品销售收入分别占同期总收入的54.2%、85.1%、95%。相比之 下，该公司自由IP收入占比较小，报告期各期分别为40.6%、14 ...

专题：2025全球文化IP产业发展大会 数字化转型为IP授权产业注入强劲动力。张晶透露，CISAC最新发布的版税报告显示，2024年全球200 多个会员协会为作者代收版税近140亿美元（约合人民币1000亿元），其中音乐类占比达九成，数字许 可成为主要增长驱动因素。疫情后，现场表演与数字音乐业务持续复苏，全球演唱会市场全面回暖，数 字音乐平台的广泛应用也为创作者带来稳定收益。中国音乐产业已迈入千亿级别规模，2024年音著协版 税收入达4.77亿元，2025年有望突破5-6亿元，呈现稳步增长态势。 在IP授权实践方面，张晶以ABBA乐队数字演唱会为例，展现了经典IP的创新活化路径。这支传奇乐队 的四位成员虽已80岁高龄且多年未登台演出，但通过数字化技术打造专属场馆，以数字分身形式在伦敦 开展常态化演出，每年演出200余场且场场爆满，成为当地地标性文旅项目。此外，上海迪士尼乐园每 年从门票收入中提取一定比例作为音乐版税，通过中国音乐著作权协会支付给全球相关创作者，既保障 了权利人权益，也丰富了文旅场景的文化体验。 谈及行业面临的挑战，张晶指出，数字时代的IP授权仍存在多重难题。一是个体创作者议价能力薄弱， 部分平 ...

国金证券发布研报称，预计布鲁可(00325)2025-2027归母净利润分别为6.78/9.16/11.54亿元，同比分别 270%/35%/26%。当前股价对应26年PE为17倍，给予22倍PE，目标价80.74港元，维持"买入"评级。该 行认为授权IP类产品的竞争本质或是产品力、渠道力和用户力的竞争。布鲁可在这三方面已经逐步形成 良性正循环，奠定品牌势能与规模长期增长的坚实基础。 国金证券主要观点如下： 公司一方面依托中国供应链实现标准化生产与成本控制，另一方面通过丰富IP储备与高频推新的SKU体 系维持产品新鲜感与可玩性，同时在海外复制Club、赛事与展会等生态建设路径，逐步搭建本地化用户 社群。公司24年/25H1出海营收分别为0.64/1.11亿元，同比增长518.2%/898.6%，逐步验证了产品与模式 在海外市场的可行性。若布鲁可海外市场开拓顺利，现有IP中"变形金刚"等有望率先受益，贡献显著增 量，出海(尤其是北美和亚太)逐步成为公司后续重要增长点。 质价比x渠道密度x用户生态共同奠定布鲁可长期增长基础 风险提示：IP授权到期;收入过于集中在外部IP;人群破圈效果低于预期;出海业务低于预期;行 ...

当天，作为两岸企业家峰会年会专题论坛之一，第七届两岸博物馆IP授权交流论坛在当地举行。围绕数 字技术赋能、跨界融合与两岸产业合作等议题，两岸博物馆负责人、文博专家、文创企业代表展开交流 分享，共探文化传承与产业发展新路径。 峰会现代服务业及文化创意产业合作推进小组陆方召集人张鸿铭曾见证并参与元代画家黄公望《富春山 居图》在台合璧展出这一盛举，张鸿铭在致辞时说，期待两岸青年把握机遇，在技术应用、市场开拓等 方面进一步深化合作，推动中华优秀文化焕发新生。 薛香川表示，博物馆收藏的文物不仅是历史的见证，更是IP授权领域取之不尽的宝藏。面对数字化时代 浪潮，仅依靠实体交流已不够。IP授权是静态的文物跨越时空、走入现代生活，实现价值转化的有效途 径。"它要求我们不再将文物视为仅供观赏的陈列品，而是可开发、可体验、可传播的文化符号。" （来源：团结报） 转自：团结报 据中新网消息 两岸企业家峰会现代服务业及文化创意产业合作推进小组台方召集人薛香川12月16日表 示，两岸业者应充分利用文化资源，通过IP合作，共同打造中华文化品牌，将文化故事、历史价值传递 给年轻世代，推向国际舞台。 如何让文化符号融入大众日常消费场景？旺旺 ...

Core Viewpoint - The collaboration between Disney and OpenAI marks a new paradigm of "IP + AI," indicating Hollywood's shift towards actively constructing authorization systems and sharing revenue from AI-generated content [1][2]. Related Events - On December 11, 2025, Disney announced a three-year strategic partnership and content licensing agreement with OpenAI [1]. - Disney will license over 200 classic characters, costumes, props, and iconic environments from its franchises, including Marvel, Pixar, and Star Wars, for use in OpenAI's video generation model Sora and image generation tools [2]. - Disney plans to invest $1 billion in OpenAI, securing additional equity warrants, thereby deeply binding the interests of both parties [2]. Collaboration Details - The partnership allows users to create short videos and images using simple prompts based on Disney's IP [2]. - Disney will leverage OpenAI's technology to optimize its internal creative processes and develop new products and experiences for its streaming platform, Disney+ [2]. - This collaboration is expected to significantly enhance the long-tail value and dissemination of Disney's IP, leading to increased active assets and revenue for the company [2]. Industry Impact - The partnership is anticipated to set a benchmark in the industry, encouraging other global and domestic IP holders, such as film companies, streaming platforms, and gaming companies, to establish similar AI licensing and content management systems [3]. - The company has reported that its social media platform currently manages 4.29 million active assets, with a steady increase in top client assets due to ongoing content licensing [3]. - AI-driven secondary creations, such as plot adaptations and mashups, are emerging, with "AI tail frame continuation" accounting for 3% of the company's active assets [3].

北京时间12月11日晚，全球娱乐巨头华特迪士尼公司与人工智能领军企业OpenAI共同宣布达成一项为 期三年的战略性合作协议。 投资10亿美元，授权200余个经典IP 根据协议公告，迪士尼将以10亿美元股权投资OpenAI，并成为其生成式AI视频平台Sora的首个主要内 容授权合作伙伴，双方将携手探索AI驱动的叙事创新，让迪士尼旗下漫威、皮克斯、星球大战等品牌 的200余个经典角色以全新形式与粉丝互动。但在本次合作中，双方并未公布迪士尼所获股权比例。 华特迪士尼公司首席执行官罗伯特·A·艾格（Robert A.Iger）在声明中指出，技术创新始终推动着娱乐业 的演进，AI的快速发展正为行业带来关键变革机遇。"通过与OpenAI的合作，我们将以深思熟虑、负责 任的方式，借助生成式AI拓展叙事边界，同时尊重并保护创作者及其作品。"他强调，此次合作将迪士 尼的标志性故事与OpenAI的突破性技术结合，能以"前所未有的方式"将创造力交付给粉丝，让用户与 喜爱的角色、故事建立更丰富、更个性化的连结。 据了解，此次合作的核心亮点在于IP授权与AI技术的深度融合。按照协议约定，自2026年初起，Sora平 台用户可通过文本提 ...

Group 1 - The film "Zootopia 2" has gained significant popularity since its release, with the capital market showing high interest in the film [1] - Shifeng Culture (002862) has successfully obtained the official licensing rights for the Zootopia IP this year, and related trendy toy products are in the development stage, expected to launch in the market next year [1] - The company aims to deeply explore the core characteristics and emotional value of the Zootopia IP, aligning with consumer demand and market trends to create high-quality products that are competitive and recognizable [1] Group 2 - As of December 10, the domestic box office for "Zootopia 2" reached 3.13 billion yuan, ranking among the top three in China's annual box office and becoming the highest-grossing imported animated film [1] - The global box office for "Zootopia 2" reached $938 million, making it the fourth highest-grossing film globally this year, with China being the largest single market [2] - Shifeng Culture has built a diverse IP matrix covering various fields, including top international IPs like Pokémon and Disney's Frozen, Toy Story, Zootopia, and Monsters University, as well as domestic animation IPs [2]

Group 1 - The film "Zootopia 2" has gained significant popularity since its release, with the capital market showing high interest in the film [1] - Shifeng Culture (002862) has successfully obtained the official licensing rights for the Zootopia IP this year, and related trendy toy products are in the development phase, expected to launch in the market next year [1] - The company aims to deeply explore the core characteristics and emotional value of the Zootopia IP, aligning product development with consumer demand and market trends, focusing on high-quality design to create competitive products [1] Group 2 - As of December 10, the domestic box office for "Zootopia 2" reached 3.13 billion yuan, ranking among the top three in China's annual box office and becoming the highest-grossing imported animated film [1] - The global box office for "Zootopia 2" reached $938 million, making it the fourth highest-grossing film globally this year, with China being the largest single market [2] - Shifeng Culture has built a diverse IP matrix covering multiple fields, including popular IPs like Pokémon, Frozen, Toy Story, and others, as well as mobile game IPs and national animation IPs [2] Group 3 - Shifeng Culture's main business involves toys and games, with over 1,000 product varieties sold in nearly 100 countries and regions [2] - The company's market capitalization is approximately 3.4 billion yuan as of December 10, with around 25,500 shareholders as of the end of the third quarter [3]

Core Viewpoint - The company has successfully obtained the official licensing for the "Zootopia" IP from Disney and is preparing to launch related products in the market next year [1] Group 1: Licensing and Product Development - The company announced that it has acquired the official licensing for the "Zootopia" IP in the current year [1] - Related trendy toy products are currently in the development phase and are expected to be launched in the market next year [1] Group 2: Market Strategy and Product Features - The company aims to deeply explore the core characteristics and emotional value of the "Zootopia" IP [1] - The product matrix will be strategically laid out based on consumer demand and market trends in the trendy toy sector [1] - High-quality design will be the core focus, aiming to create products that are recognizable, trendy, and competitive in the market [1] - The company intends to continuously release the commercial potential of the IP, providing users with a more distinctive consumer experience [1]

凌晨影院座无虚席；年轻人晒出"狐兔CP"合影刷屏朋友圈；线下门店里，联名盲盒、水杯，甚至黄金吊坠刚陈列，就被消费者抢购一空……2025年末， 《疯狂动物城2》全球同步上映，不仅点燃了全民观影热情，更掀起了一场消费领域的商业狂欢。 这部承载九年情怀的动画续作，用票房数据印证了其"顶流"地位：首周全球票房5.56亿美元，中国市场表现尤为亮眼，上映7天总票房就突破21亿元人民 币，11月29日单日票房高达7.38亿元，拿下内地影史进口片单日票房榜第一。 《疯狂动物城2》的魔力远不止于在银幕之内，随着影片热度的发酵，其流量向消费市场快速渗透。据《娱乐资本论》统计，截至11月30日，已有近80家 品牌入局IP联名，覆盖潮玩、黄金、家居、快消、3C数码、日化等多个品类，独特的"动物城经济"现象初步显现。 这场IP联名盛宴中，各品牌的销售数据亮眼，手办盲盒线上线下全渠道迅速售罄，部分品牌7天销售额破千万元，热门隐藏款二手市场溢价超4.8倍；集卡 社联名卡牌上线即断货；老凤祥联名金饰销售业绩已超百万，金贴、转运珠、吊坠、手链等产品销售件数超3000件；GERM联名水杯销额也已超百万；臭 宝螺狮粉线上首批28万袋"疯狂"螺蛳粉 ...