Core Insights - The micro-drama "Lion City Mountains and Seas," with an investment exceeding 100 million, achieved a viewership rating of over 1 on its launch day, setting a record for the highest popularity among micro-dramas on Tencent Video [1][2][13] Group 1: Performance Data - On its premiere on April 30, "Lion City Mountains and Seas" achieved a viewership rating of 1.530% and a market share of 7.263%, ranking third in the daily ratings [2][3] - By May 5, the drama's total viewership reached 43.607 million, with daily views surpassing 10 million for the first time [10] - The drama ranked third on Tencent Video's hot drama list with a score of 9.4 [10] Group 2: Audience Reception - Audience reviews for "Lion City Mountains and Seas" are mixed, with some praising the attention to detail and strong performances, while others criticize the short format as lacking depth [15] - The drama features a complex character, Liu Zhendong, whose dual identity as a police chief and the son of a gang leader adds to the narrative's intrigue [20][21] Group 3: Cultural and Historical Context - The drama is set against the backdrop of the 1921 "Piglet Riot," reflecting the struggles of Chinese laborers in Southeast Asia [17][18] - The production recreated a 24,000 square meter historical set to authentically depict the 1940s Southeast Asian environment [16] Group 4: Industry Trends - "Lion City Mountains and Seas" represents a trend towards high-investment micro-dramas, with significant production costs aimed at enhancing quality [27][29] - The drama is part of a broader strategy by Longxin Media to develop a series of IPs focused on the Southeast Asian market, indicating a shift in content creation towards regional narratives [26]

Core Viewpoint - The company is committed to both long-form and short-form content, emphasizing the importance of developing original IPs and maintaining a long-term vision in the industry [1][3][5]. Group 1: Long-form Content Strategy - The company has successfully developed the long-form series "Tang Dynasty Strange Stories," focusing on historical accuracy while allowing for fictional characters [3][5]. - The production process for "Tang Dynasty Strange Stories" involved extensive development and filming time, which has garnered respect from peers in the industry [3][5]. - The company aims to create a sustainable original IP ecosystem, moving away from reliance on web novels and celebrity-driven content [5][9]. Group 2: Short-form Content Strategy - The company is launching the micro-drama "Lion City Mountains and Seas," which is the first micro-drama with an investment exceeding 100 million yuan, showcasing a significant commitment to the short-form market [1][5]. - Other upcoming short-form projects include "Identification," "Soul Ferry: Ten Years," and "Smoke and Rain Mythical Journey," indicating a diverse portfolio of content [7][9][10]. - The rise of vertical short dramas is seen as a new opportunity for the industry, with expectations for the market size to exceed 60 billion yuan this year [15][16]. Group 3: Industry Insights and Challenges - The company acknowledges the challenges faced in the short-form market, including financial losses from earlier projects, but emphasizes the learning experiences gained [18][19]. - The introduction of a "minimum guarantee plus bonus" policy by platforms like iQIYI is viewed as a positive development for the short-form content sector [18]. - The company believes that the boundaries between short-form and long-form content will blur, making both types essential in the future of the industry [19][21].