Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - Major tech companies are accelerating the upgrade of multimodal AI models, which is expected to enhance content production efficiency and diversity, while also increasing demand for inference computing power [4][30] - The gaming sector is anticipated to maintain high prosperity due to new game launches and ongoing operations of evergreen games, with recommendations to increase investments in this area [4][29] Industry Data Overview - "Delta Operation" ranked first in the iOS game free list in mainland China, while "Honor of Kings" topped the iOS game revenue list [10][14] - The film "Zootopia 2" achieved the highest box office for the week [10][25] Industry News Summary - Major companies are continuously investing in large models, with the domestic gaming market reaching new highs in both scale and user numbers [28] - Google’s Gemini 3 Flash has broken the "performance-cost-speed" Pareto frontier, while domestic giants are increasing resource allocation for continuous iteration of large models [28][29] - The launch of the new Alibaba model supports role-playing functions and is the most comprehensive video generation model globally [29] - Tencent's mixed world model 1.5 allows for the creation of interactive worlds from text or images, enhancing the gaming experience [29] - The Doubao large model has seen a significant increase in daily token processing volume, indicating robust growth in AI applications [31][32]

Core Viewpoint - The total box office revenue for the 2025 New Year holiday season (from November 28 to December 31) has exceeded 4.5 billion yuan, including pre-sales [1]. Group 1 - The box office revenue as of December 21, 2023, at 17:51, reached over 4.5 billion yuan [1].

王福强表示，将开展八大板块特色主题活动，具体来看，将举办"影院跨年夜"主题活动，北京华谊兄弟 影院洋桥店、保利国际影城北京凯德大峡谷店等全区10余家电影院增加贺岁影片排片，延长影片放映时 间，推出银幕跨年倒计时、观影优惠套餐、福利抽奖等丰富活动；举办"晨光丰台·新年启程"主题活 动，2026年1月1日早晨，在宛平城城墙、南森观景台等地举办"迎接新年第一缕阳光"活动，同期，"向 上吧 北京"北京迎新年垂直登高挑战赛于元旦在丽泽SOHO开赛；举办"2026丰韵年味节"活动（拟于12 月31日启动），包括"丰鲜市集"优享年货节、"丰购狂欢"五福贺新春等八大主题活动，同时，联动全区 大型商场、汽车企业、家居家电企业等，开展一系列节庆促消费活动；举办迎新年园艺花卉主题活动， 举办家庭园艺嘉年华，联动全区重点花卉市场、园艺驿站以及公园和花店，以及"北京花卉产业链数字 平台"，展销全国各地的年宵名花，营造浓厚节庆氛围，吸引全市消费目光；举办景区新年乐游活动， 世界公园"2026京彩新春彩灯嘉年华"结合灯会、夜游项目设置多处打卡点，联动紫谷伊甸园、千灵山等 重点景区，围绕"冬游季""过大年"等主题，推出"跟着非遗游丰台"特色 ...

Core Insights - The total box office revenue for the 2025 New Year holiday season (from November 28 to December 31) has surpassed 4.5 billion yuan as of December 21, 5:51 PM [1] Industry Summary - The box office performance indicates a strong start for the 2025 holiday season, reflecting consumer interest and potential growth in the film industry [1]

Investment Rating - The report assigns an "Accumulate" rating for the industry [1]. Core Insights - The report highlights that the daily usage of Doubao Tokens has surpassed 50 trillion, ranking first in China and third globally. The gaming market is expected to grow steadily by 2025, with female-oriented games experiencing growth rates significantly above the industry average [2][4]. Industry Summary - The Doubao model was launched by Huoshan Engine, with significant improvements in capabilities, including enhanced agent abilities, multimodal capabilities, and context management [8][9]. - The domestic gaming market is projected to reach a revenue of 350.79 billion yuan in 2025, reflecting a year-on-year growth of 7.68%. Mobile games, PC games, and console games are expected to see growth rates of 7.92%, 14.97%, and 86.33%, respectively [13][19]. - The female-oriented gaming segment is rapidly expanding, with a market size of 8 billion yuan in 2024, marking a year-on-year increase of 124.1% [19]. - The report recommends investment in specific companies within the media sector, including Wanda Film, Perfect World, and Mango Super Media, among others, due to their potential for sustained high growth [7][21].

转自：扬子晚报 12月20日，一短剧女演员被曝和助理打架，同时曝光的还有一份当时的录音。录音中，助理向女演员讨 要工资，女演员语气嚣张让助理滚出自己家，助理则称"不给工资不走"。助理还称自己被女演员打了 头…… 很快该女演员被锁定是"左一"，并冲上热搜。 12月21日，左一发文承认对助理动手并公开道歉。在声明中，左一解释未直接发工资原因，是因事件发 生后，为避免双方情绪激化，委托剧组制片老师代为转结。 对于动手一事，她明确承认事实，向当事人及粉丝致歉，坦言动手是错误的解决方式，并晒出转账记 录，称已结清工资，双方达成补偿，并签署调解协议。 全文如下： 是错的,也向支持我信任我的粉丝们道歉"对不起,我没有做 到一个正确的榜样,给大家演示一个错误的解决事情的方式" 对于这件事情我将引以为戒,在今后也请粉丝们以及社会上 的各位网民朋友多加以监督。关于情绪为何会激动动手,大 家可以看图3(我的私化老师第三视角) ▼ 3 她说话怎么那么嚣张,是不是短剧演多了真以为自己有 多大势力? 我承认偶尔会沉溺在一些戏份中无法及时缓过来,但那一定 是类似于大喜大悲的这种情绪戏,并且在我自出演短剧以来 并未演绎过这种看起来"不懂法、 ...

中新网北京12月20日电 "每一个角色都是我人生的里程碑。"在《唐朝诡事录》系列剧中，杨旭文饰演 的"卢凌风"一角备受瞩目。近日，他在采访中谈到，从《射雕英雄传》到《唐朝诡事录》，每一个人生 阶段的作品对自己影响都很大，因为不同人生阶段会有不同的心态、不同的阅历，面对角色和自我的感 悟也不同。在未来，他要更用心揣摩剧本和人物、推敲细节，以最好的作品回馈给观众，"对得起观 众，也对得起自己。" 12月18日，搜狐时尚盛典在京举行，本届盛典以"向心而行"为主题，刘晓庆、岳云鹏、杨旭文、彭小 苒、胡兵、郁可唯、白举纲等200余位艺人明星、热门剧组主创及平台签约艺人、关注流博主齐聚，共 同见证各项年度荣誉的揭晓。 办方供图 盛典现场，刘晓庆摘得"年度魅力人物"荣誉，作为中国影视业的"长青力量"，她用半个世纪的演艺生 涯，塑造了无数深入人心的经典角色。岳云鹏摘得"年度跨界人物"，作为相声演员，他多次登上春晚舞 台，并在多部大热电影、电视剧中带来精彩的跨界演绎。 来源：主 办方供图 杨旭文、彭小苒收获"年度瞩目演员"荣誉。杨旭文发表感言称，"要看一个好剧本，然后踏踏实实地做 一个真诚的演员。"彭小苒则表示，希望明年有更多 ...

新华社音视频部制作 【纠错】 【责任编辑:刘阳】 近年来，山东省乐陵市以影视产业为依托，通过"影视+文旅+产业"融合发展新模式，推动影视IP与 文旅资源深度联动，带动相关行业提质扩容，为区域经济高质量发展注入新动能。 摄制：马红坤、王军、苏力波 ...

Core Insights - The media industry is driven by content, leading to a market evolution from "policy recovery" to "expected fundamental improvement" and then to "performance realization and valuation enhancement" [3][6] - The report is optimistic about two segments: gaming and film, highlighting the potential for long-term operations and competition against major players to reshape gaming valuations, and the recovery of the film sector post-policy changes [3][6] Gaming Sector - The gaming sector is expected to see sustained performance growth driven by new game releases in 2025, with a focus on long-term operations and a shift from "chasing hits" to "nurturing evergreen" titles [7][18] - The gaming industry's valuation is recovering, with the current price-to-earnings (P/E) ratio around 27x, indicating a return to a reasonable range after a period of low valuations [18][22] - The introduction of AI in gaming is anticipated to enhance user engagement and extend gameplay duration, contributing to long-term growth [7][28] Film Sector - The film industry is poised for recovery following the implementation of the "21 Regulations" by the broadcasting authority, which is expected to revitalize content production and performance realization starting in the second half of 2026 [8][18] - Current film sector performance is compared to the gaming sector in 2022, suggesting a similar trajectory of recovery and growth potential [8][18] AI Applications - The commercialization of AI applications is accelerating, with expectations for a significant turning point in 2026, particularly in AI comic and advertising sectors [9][18] - AI comic production is seen as advantageous due to rapid content iteration and cost control, with companies like Kuaishou positioned to benefit [9][18] - The AI+ advertising model has been successfully implemented globally, with major players like Tencent and Bilibili expected to replicate this success domestically [9][18]

长白时评评论员 唐小兰 频频"出镜"的吉林，借势"出圈"。《老舅》的热播不仅让上世纪90年代东北的奋斗故事深入人心，更让 吉林借势出圈，实现从影视取景地到文旅目的地的热度跃迁。剧中修旧如旧的老街招牌、外露的供暖管 道、小卖部里的彩色糖果，这些充满生活质感的细节，成功实现了"影视流量"向"文旅流量"的转化，让 昔日冷清的老街因打卡热潮焕发新生，工业遗址变身网红地标，影视IP的传播力成功转化为文旅吸引 力，汇成了吉林变迁发展的滚滚洪流。 "影视+文旅"如何相融？跟着《老舅》逛吉林，既从平凡视角窥见城市变迁，又感受到小人物身上的坚 韧与温暖，透过一部剧解锁一座城的青春、奋斗与烟火密码。"影视+文旅" 早已超越了简单的流量嫁 接、场景复刻，而在引起情感共鸣、文化深耕与产业协同的多位共振中，打造"一地一品"的差异化标 识，避免同质化竞争，成为激活文化消费、重塑地域品牌的新引擎。 "一部剧带火一座城"，然后呢？电视剧《老舅》正在央视电视剧频道热播，游客循着剧中场景奔赴而 来，带来的不仅是影视IP的打卡潮，更带动餐饮、民俗、文化、冰雪等行业的热度攀升，让"一部剧带 火一座城"具象化。当影视IP的热度褪去，吉林要避免"剧冷城 ...