金逸影视9月14日公告，公司股票连续三个交易日内日收盘价格涨幅偏离值累计超过20%，根据《深圳 证券交易所交易规则》的相关规定，属于股票交易异常波动的情形。经核实，公司未发现前期披露的信 息存在需要更正、补充之处。公司未发现近期公共媒体有报道可能或已经对本公司股票交易价格产生较 大影响的未公开重大信息。公司近期经营情况正常，内外部经营环境未发生重大变化。除公司已披露过 的事项外，公司、控股股东和实际控制人不存在其他关于公司的应披露而未披露的重大事项，或处于筹 划阶段的重大事项。 ...

Group 1 - The conference emphasized the new paradigm of global brand development, highlighting the importance of brands as carriers of economic globalization and drivers of service trade [1] - Chinese brands have shown significant progress in recent years, becoming a vital link between domestic and international markets, driven by innovation and open cooperation [1][2] - The number and value of Chinese brands in the global top 500 continue to grow, with a leading position in patent and trademark applications, indicating a shift from "Made in China" to "Created in China" [2] Group 2 - High-quality development is centered on innovation and digitalization, with brand strength and influence as key indicators [3] - Companies are encouraged to adopt a "look before you leap" approach when entering international markets, considering local political, economic, and cultural factors [3] - The strategy for brands going global should focus on differentiation, digitalization, and localization, with examples of successful brand positioning and storytelling [3]

零售表现继续领跑，明星IP接连"出圈" 7米高的巨型米奇装置、前沿的投影、丰富的互动体验与彩蛋元素……记者在现场看到，展区全面呈现 出迪士尼、皮克斯、漫威、星球大战等多个品牌及授权商的最新产品，涵盖日常生活的方方面面。 长沙晚报掌上长沙9月13日讯（全媒体记者 陈星源）米奇和朋友们、疯狂动物城、星际宝贝史迪奇…… 这些大家耳熟能详的IP，多出自华特迪士尼公司之手。它们在通过荧幕带来欢乐的同时，也正化身衣食 住行领域的各个新产品，悄然打开一片IP授权的巨大市场。数据显示，今年华特迪士尼公司继续领跑全 球授权业，并在美国LicenseGlobal最新发布的"2025全球最佳授权商排行榜"中再次蝉联榜首，迪士尼连 续十多年夺得头筹，其中多个IP在中国市场取得不俗成绩。 在消费者需求与喜好不断更迭的当下，国际IP深耕中国市场有何"奇"招？近日，记者赴华特迪士尼公司 大中华区2026消费品部启动大会现场进行了探究。 这是如何实现的呢？有三个方面的要点：其一，加强情感的共鸣，凭借直抵人心的内容吸纳新受众。其 二，走进粉丝们的世界，打造引人入胜的难忘体验。其三，讲述无与伦比的故事，感动受众创造绵延不 绝的影响力。"通过品牌 ...

Core Insights - Disney has achieved a global licensing revenue of $62 billion, ranking first in the industry, significantly ahead of its competitors such as Authentic Brands Group ($32 billion) and Hasbro ($16.1 billion) [1][4] - The company emphasizes its ability to generate new consumer products through a continuous stream of new movie IPs, maintaining a stable profit from film IP licensing [1][4] - Disney positions itself not just as an IP company but as a consulting firm that provides comprehensive support to its partners, including market insights and operational assistance [5][8] Group 1: Licensing Revenue and Market Position - Disney's licensing revenue of $62 billion is substantially higher than its closest competitor, Authentic Brands Group, which generated $32 billion [1] - The company has maintained a strong market position by leveraging its extensive portfolio of movie IPs to create a variety of consumer products [1][4] Group 2: Consulting and Support for Partners - Disney's approach includes offering consulting services to partners, helping them navigate market challenges and optimize product launches [5][8] - The company provides a one-stop service that includes product development, marketing, and retail channel support, which enhances the commercial value of its IPs [5][8] Group 3: Focus on Emerging Markets - Disney's cross-border business in the Asia-Pacific region has seen a year-on-year growth of approximately 45%, indicating strong market potential [8] - The company aims to leverage its understanding of the Chinese market to expand its presence in Southeast Asia and beyond [9][8] Group 4: Trends in Consumer Products - Disney is closely monitoring the rapid growth of popular toy categories in China, such as trading cards, blind boxes, and plush toys, which are increasingly appealing to younger consumers [17][18] - The company has recognized the shift in the target demographic from children to young adults, indicating a strategic pivot in its product offerings [17][18] Group 5: Collaboration with Local Brands - Disney has praised local Chinese companies like Miniso and Pop Mart for their understanding of Disney's brand DNA and their ability to create global trends [16] - The company is actively working with over 70 partners in cross-border business development, exceeding its initial growth expectations [16]

Core Viewpoint - Midjourney, an AI image generation company, is facing a lawsuit from Warner Bros. Discovery for copyright infringement related to iconic characters such as Superman and Batman, highlighting ongoing legal challenges in the AI-generated content space [4][6][11]. Group 1: Lawsuit Details - Warner Bros. filed the lawsuit on September 4, claiming that Midjourney used copyrighted materials for training its AI models without authorization, leading to the generation of infringing images and videos [6][11]. - The lawsuit cites specific examples where users can generate images of characters like Batman by inputting simple text prompts, which Warner Bros. argues constitutes direct infringement [6][7]. - Warner Bros. seeks compensation for actual damages or statutory damages up to $150,000 per infringed work, along with an injunction to prevent further unauthorized use of its IP [11]. Group 2: Previous Legal Issues - This is not the first lawsuit against Midjourney; earlier in June, Disney and Universal Pictures also filed a joint lawsuit against the company for similar copyright violations [8][9]. - Disney's lawsuit emphasizes that Midjourney is a "copyright parasite" and that the use of AI does not mitigate the infringement of copyrighted images and videos [8][9]. Group 3: Industry Implications - The ongoing legal battles are seen as pivotal in shaping the future of copyright law as it pertains to AI-generated content, with potential implications for the entire industry [9][12]. - The concept of "fair use" is expected to be a critical aspect of the upcoming legal proceedings, as Midjourney argues that its training practices fall under this principle [11][12]. - The case raises concerns about the impact of AI on traditional copyright protections and the potential for confusion among consumers regarding the legitimacy of AI-generated content [7][9].

来源：环球市场播报 北京时间9月13日凌晨，美股周五收盘涨跌不一 纳指创收盘新高。本周一系列数据显示美国劳动力市场 紧张、通胀相对受控，投资者认为这些信号意味着美联储将于下周降息。 道指跌273.78点，跌幅为0.59%，报45834.22点；纳指涨98.03点，涨幅为0.44%，报22141.10点；标普 500指数跌3.18点，跌幅为0.05%，报6584.29点。 周五盘中，纳指最高上涨至22182.34点，标普500指数最高上涨至6600.21点，均创盘中历史新高。标普 指数盘中首次突破6600点关口。 美股三大股指本周均录得涨幅。道指本周收高0.95%，纳指上涨2.03%，标普500指数上涨1.59%。标普 500指数创下8月初以来最佳单周表现，以及六周内第五周上涨。纳斯达克指数连续第二周上涨。道指则 实现三周内首次单周上涨。 本周四，道指首次收于46000点上方，与纳指及标普指数齐创历史新高。当天公布的8月消费者价格指数 （CPI）环比上涨0.4%，高于道琼斯调查经济学家预期的0.3%。但该指数12个月累计上涨2.9%，符合预 期。 此外，周四公布的上周首次申请失业救济人数意外跃升至2021年10 ...

Core Insights - Disney is leveraging a "reverse aging" trend to maintain its appeal among younger consumers, with plans to engage with the 8.2 billion global racing fans through collaborations like F1 in the coming year [2] Group 1: Market Position and Strategy - Disney's Consumer Products division is projected to achieve $62 billion in global retail sales by 2025, ranking first among global companies [3] - The company is focusing on Generation Z and Generation Alpha, who represent 43% of the global population and are expected to drive future market growth [3][5] - Disney's experience segment reported a revenue of $992 million in Q3 of FY2025, marking a 3% year-over-year increase [3] Group 2: Consumer Insights - The purchasing power of Generation Z is expected to reach 16 trillion RMB by 2035, with 88% of Generation Alpha influencing family shopping decisions [5] - Disney is adapting its product offerings to align with the characteristics of these generations, including the introduction of tech products alongside traditional toys [5] Group 3: Film and Merchandise Synergy - Animation films are proving to be more commercially viable than live-action films, with merchandise sales being a significant revenue stream [6] - Disney is strategically positioning its IPs, such as the upcoming live-action "Lilo & Stitch," to enhance its licensing business in China [6][9] - The anticipated release of "Zootopia 2" is expected to significantly impact Disney's licensing revenue, with over 2,000 related products planned for release in the Greater China region by the end of 2025 [9][11] Group 4: Localization Efforts - Disney is actively pursuing localization strategies in China, including collaborations with local animation studios to create culturally relevant promotional content [11]

Group 1 - The core idea of the articles revolves around The Walt Disney Company's strategic focus on engaging younger consumers, particularly Generation Z and Generation Alpha, to drive future growth in the retail market [2][3]. - Disney's Consumer Products division is projected to achieve a global retail revenue of $62 billion in 2025, ranking first among global companies [2]. - The company aims to enhance its retail presence in China, with plans to expand its team and support over 70 cross-border business partners, indicating strong growth expectations [2][3]. Group 2 - The purchasing power of young consumers, especially Generation Z and Generation Alpha, is being increasingly recognized, with Generation Z's consumption scale expected to reach 16 trillion RMB by 2035 [3]. - Disney is adapting its product offerings to align with the interests of these younger generations, showcasing tech products alongside traditional toys [3]. - The upcoming release of "Zootopia 2" is anticipated to significantly impact Disney's performance in China, with over 2,000 licensed products expected to be launched by the end of 2025 [8][10]. Group 3 - Disney's animation films are proving to be more commercially viable than live-action films, with merchandise sales being a crucial revenue stream [5][6]. - The company is strategically positioning its IPs, such as "Stitch" and "Gugu," to maximize their commercial potential in the market [6][8]. - Disney's collaboration with local Chinese studios to create promotional content reflects its commitment to localizing its offerings and enhancing its connection with Chinese audiences [10].

如果合并成功，好莱坞的传统媒体制片厂数量将从5家缩减至4家。这也将是自2019年迪士尼(DIS.US)斥 资710亿美元收购福克斯公司娱乐业务以来，好莱坞最大规模的并购案。 智通财经APP获悉，周五，华纳兄弟探索公司(WBD.US)续涨近10%，2个交易日暴涨40%，报17.68美 元。消息面上，据知情人士透露，今年8月新合并成立的Paramount Skydance(PSKY.US)正准备竞购竞争 对手华纳兄弟探索公司。知情人士表示，Paramount Skydance正与一家投资银行商谈收购要约，但尚未 与华纳兄弟探索公司进行任何谈判。 ...

Market Overview - A total of 75 stocks in the A-share market hit the daily limit, with 67 stocks hitting the limit after excluding 8 ST stocks, resulting in an overall limit-up rate of 74.26% [1] Stock Performance - Chip Original Co. (芯原股份) had the highest limit-up order volume, exceeding 9 billion yuan, followed by Dongzhu Ecology, Rongsheng Development, and Qingshan Paper with order volumes of 5.26 billion yuan, 5.04 billion yuan, and 5.01 billion yuan respectively [2] - *ST Asia Pacific (维权) achieved a five-day limit-up streak, while Suning Universal and Chunzong Technology had four consecutive limit-ups [2] Company Announcements - Chip Original Co. announced plans to acquire 97.0070% of Chip Technology through a combination of share issuance and cash payment, which will make Chip Technology a wholly-owned subsidiary [2][3] - The transaction aims to leverage Chip Original's semiconductor IP and chip customization platform to enhance its market influence and technical barriers in the RISC-V field [3] Industry Highlights Non-ferrous Metals - Notable limit-up stocks include Northern Copper, Shengda Resources, Hunan Silver, and others, with Northern Copper producing 21,700 tons of copper concentrate and 137,000 tons of electrolytic copper in the first half of the year [4] Computing Power - Key limit-up stocks in this sector include Kehua Data, TeFa Information (维权), and Runjian Co. Kehua Data is a pioneer in the liquid cooling field, offering full lifecycle services for liquid cooling data centers [5][6] Film and Entertainment - Limit-up stocks include Golden Screen Cinemas and China Film. Golden Screen Cinemas plans to upgrade older cinema projects to enhance customer experience [7] - China Film is involved in producing several films, including "Nanjing Photo Studio" and "The Cat and the Mouse: Starry Adventure" [8] Institutional Activity - The net purchase by deep stock connect exceeded 1 billion yuan for Yinghe Technology (维权), with significant net buying also seen in other stocks like Jin Xin Nuo and Fangzheng Technology [9]