Core Insights - The article highlights the ongoing trends in the film and television industry, particularly the integration of long and short content and the disruptive impact of AI [1] - iQIYI's CEO, Gong Yu, emphasizes the company's mission to provide emotional value to users through both online and offline experiences [1] Content Strategy - iQIYI plans to increase investment in long-form video content while also focusing on the growing segment of micro-dramas, which has shown significant market share and growth [1] - The company has announced over 400 titles for its 2025-2026 "long + short" content lineup, including anticipated series and films [1][18] AI Integration - iQIYI is actively incorporating AI into its operations, with applications in production, monetization, and user experience enhancement [1] - The platform has launched AI-powered products such as the "Peach Bean" smart assistant and "Jump Watch" to improve user engagement [1] Genre Focus - iQIYI is concentrating on high-quality content across various genres, including drama, variety shows, and films, with a strategy to deepen its focus on key IPs and five major drama categories [18] - Upcoming titles include a mix of innovative plots and emotionally resonant narratives, aiming to provide immersive viewing experiences [18] Variety Show Development - The company is set to establish a comprehensive variety show matrix by 2026, focusing on four main categories and two auxiliary categories [31] - iQIYI will continue to leverage existing IPs while also developing new original content to invigorate the variety show market [31] Film Production - iQIYI's "three-stage rocket plan" for film production includes initiatives to create high-quality theatrical releases, encourage content innovation, and develop internet-based films [35] - Key projects in the pipeline include titles like "1840," "Very Prison," and "The Story of Chang'an" [35] Expansion into Other Entertainment Areas - The company is diversifying its content offerings in animation, children's programming, documentaries, and sports, aiming to build a robust content ecosystem [38] - Upcoming projects in these areas include various animated series, children's shows, and high-quality documentaries covering diverse topics [38] Offline Experience Development - iQIYI is also expanding its offline experience business, focusing on IP derivative products and the development of iQIYI theme parks [40] - The theme parks will feature interactive experiences and are planned for locations such as Yangzhou, Kaifeng, and Beijing, with the Yangzhou park expected to open by the end of the year [40]

Core Insights - The rise of micro-dramas has become a common theme for major long-video platforms like iQIYI and Mango TV, reflecting a shift in industry trends as they seek new user engagement amidst competition from short videos [1][8] - Micro-dramas are no longer supplementary content but are increasingly featured prominently in financial reports, indicating their growing importance [1][8] iQIYI's Performance - iQIYI has the most significant micro-drama inventory, with 15,000 vertical-screen micro-dramas stored, and notable self-produced projects like "Cheng He Ti Tong" that have driven substantial engagement [2][4] - The platform is also focusing on international markets, with micro-dramas becoming a key category for attracting new members in regions like Indonesia, South Korea, and Brazil [4][12] - In Q2 2025, iQIYI reported double-digit growth in daily viewing time and unique visitors for micro-dramas, indicating their potential as a new growth engine [4][12] Mango TV's Strategy - Mango TV achieved explosive growth in micro-dramas, launching 1,179 new titles under the "Big Mango Plan," a nearly sevenfold increase from the previous year [5][12] - The platform integrates various resources from variety shows, films, and artists to create a content ecosystem that connects micro-dramas with other formats [5][12] Tencent Video's Focus - Tencent Video demonstrated strong commercial viability with 34 micro-dramas achieving over 1 million in box office revenue, accounting for 80% of the total reported results across platforms [6][8] - The platform's strategy emphasizes monetization through a revenue-sharing model, attracting high-quality projects and maintaining a clear market identity [8][12] Industry Trends - The overall trend indicates that short dramas have transitioned from experimental phases to a more scalable approach across major platforms [8][9] - Despite rapid growth in micro-dramas, the financial reports reveal ongoing challenges for the main business lines of these platforms, suggesting that while micro-dramas are a diversification effort, they have yet to become a primary growth driver [12][13] - The competitive landscape is intensifying, with new entrants like Hongguo Short Drama rapidly expanding their user base, prompting long-video platforms to adapt their strategies [13]