21世纪经济报道记者肖潇北京报道 在12月26日举行的"2025数字版权保护与发展论坛"上，中国人民大学国家版权贸易基地副主任李方丽发 布了数字版权领域的年度十大关键词。今年的关键词清单既指向 AI、谷子经济、微短剧等火热的内容 产业，也涵盖了数字版权交易平台建设、"2025剑网行动"等治理路径。 人工智能已连续两年被列入年度关键词。围绕 AI 生成内容和训练数据的版权归属，争议仍是核心议 题。与此同时，可以看到更多防范和打击侵权的治理工具，也在吸收AI技术。 内容产业与平台经济的关系，则变得更加胶着。多家互联网平台在论坛上坦言，近年不少版权方还同时 具备内容平台、网盘和搜索引擎等多重身份，部分平台过分寻求畸高判赔，影响了市场正常竞争秩序。 他们呼吁，平台要重视版权治理和保护，但不应滥用诉权。 人机开始"共创"版权 蒋舸解释，早期学界对 AIGC的判断多采取"绝对控制说"，即只有人类对创作过程具有完全控制，才能 主张著作权。但这一标准很难适应现实技术环境——无论是图像、视频、文本还是音乐，越来越多作品 都处在人与 AI 反复协作、不断筛选和修正的过程中，人机贡献早已难以清晰切割。 "AI提示词本身不构成作品， ...

（来源：光明日报） 转自：光明日报 2025年，曾被视为"边缘形态"的文化产品漫剧迅速崛起。这一形态最早出现于2021年，即在保留漫 画分镜基础上，加入配音与动态效果。起初，常被戏称为"动态PPT"或"有声图片"，是资金不足的创作 团队在漫画与动画之间的妥协选择。然而，随着生成式人工智能（AIGC）技术应用，漫剧逐渐摆脱 了"廉价替代品"的标签，迅速成长为市场规模逼近200亿元的新兴产业，是资本、平台与创作者争相布 局的内容新高地。从小众走向大众，从粗糙走向精致，漫剧的转变不仅要依赖内容形态的革新，更涉及 背后生产方式的升级与用户消费习惯的变革。 面对这些产业变革，我们需要在更完整的数字内容生态中，重新理解漫剧的定位。我们可以将其看 作是"为手机屏幕量身定制的动态故事"。它通常改编自热门漫画或网络小说，核心是利用AI或数字动画 技术，将静态的画面和文字转化为适合短视频节奏的视听内容。这一定义包含三个层面的根本变化。第 一个变化在生产逻辑上。传统漫画靠画师手绘，传统影视靠摄像机拍摄。而漫剧的核心生产力是"生 成"与"合成"，即通过数字技术，实现文字内容的视觉化，是一种新的生产方式。第二个变化在视觉语 言上。漫剧 ...

Group 1 - The company, Chinese Online, is considering the interests of existing shareholders and the conditions of domestic and international capital markets for its upcoming issuance and listing [2] - The company is actively discussing the relevant work for this issuance and listing with related intermediaries, but specific details have not yet been finalized [2] - Chinese Online, established in 2000, is a leading digital cultural content industry group in China, with over 5.6 million digital content resources and 4.5 million online original authors [3] Group 2 - The company operates several original platforms, including 17K Novel Network and April Sky Novel Network, and focuses on a creation model that integrates web literature serialization with IP derivative development [3] - In 2023, the company launched the AI model "Chinese Xiaoyao" 1.0, capable of generating long novels and other content formats, enhancing its capabilities in AI multi-modal applications [3] - The company plans to continue investing in AI multi-modal fields to accelerate the commercialization of its IP [3]

Core Insights - The digital content industry in China is transitioning from "traffic dividends" to "value dividends," with China Mobile's Migu systematically building a comprehensive content ecosystem encompassing aggregation, production, and distribution [1][2][3] Content Aggregation - Migu is enhancing its content advantages across four major product tracks, aiming to transform massive traffic into sustainable cultural assets [1] - In the video sector, Migu maintains its position as the leading sports content platform, providing over 30 top-tier projects and 11,000 exciting live broadcasts annually [1] - The music sector has seen the launch of the "National Style Music Main Stage" strategy, strengthening copyright collaborations with record companies and introducing the industry's first star-authorized music AI, "AI Xiao Liang" [1] - Migu is also focusing on high-quality micro-short dramas, incorporating themes from sports and cultural tourism to meet the industry's demand for quality content [1] Content Production - Migu is shifting from content broadcasting to content creation, producing over 10 influential sports documentaries annually in collaboration with athletes, professional production companies, and IP owners [2] - The platform is redefining the essence of national style music through collaborations with independent musicians and the incubation of national style artists [2] - Migu's "Starry Sky·Muglight Plan" has led to a content reserve of over 15,000 micro-short dramas, with subscription users for "short drama packages" exceeding 10 million [2] Content Distribution - Migu is enhancing its sports community operations to build a distribution platform for sports IP, professional teams, and individual creators, supported by competitive incentive plans [2] - The "Ten Hundred Thousand Billion" plan aims to connect 1 billion consumers through substantial resource and traffic investments, fostering quality creators and innovative content [2] - Migu is leveraging its video ringtone channel to create unique music distribution models for music studios and creators, while promoting "short drama packages" to share development benefits with creators [2] Market Expansion and Advertising - Migu is creating immersive consumer experiences through collaborations with influencers, platforms, and scenarios, establishing a new paradigm for market expansion [3] - The company has a leading position in sports copyright, holding exclusive resources for top events like the Chinese Super League, WTT, and UFC, and recently announced partnerships with FIBA, NBA, and AFC [3] - Migu's advertising marketing system has evolved into an integrated marketing service platform, providing comprehensive marketing solutions for brands [3] Technological Innovation and Vision - Migu aims to become an enabler in the digital cultural industry by building an open technological foundation, aligning with national strategies for technological self-reliance and new productive forces [3] - The company aspires to create a "world-class cultural technology company," seeking partnerships globally to thrive in the cultural industry wave during the 14th Five-Year Plan period [3]

Core Insights - Guangdong is positioning itself as a hub for global content creators, emphasizing its openness and inclusivity for talent from various regions [2][4] - The "2025 Content Creator Carnival" in Guangzhou gathered over 600 creators and media representatives, showcasing successful content creation stories [3][4] - A series of financial incentives and support policies were launched to attract and nurture content creators, including funding, creative incubation, and preferential treatment for settling and schooling [4][5] Policy Support - Multiple districts in Guangzhou and Shenzhen announced comprehensive support packages for quality content creation, including free creative spaces and continuous traffic support [4][5] - Specific initiatives include Guangzhou's annual investment of 40 million yuan to support digital entertainment and gaming sectors, and Nansha's eight major projects offering tax incentives and living subsidies [4][5] - Shenzhen's policy matrix covers the entire content creation chain, from tax benefits to talent incentives, aiming to establish itself as a national innovation hub for digital content [5] Cultural Environment - Guangdong's rich cultural heritage, including diverse culinary traditions and local dialects, provides a fertile ground for content creation [8][9] - Creators express that the region's cultural diversity and openness foster a comfortable environment for artistic expression and innovation [8][10] - Successful content creators highlight the potential of local culture as a source of inspiration for engaging and popular content [9][10] Industry Dynamics - Major internet platforms like Tencent are actively supporting content creators through tailored programs and algorithm enhancements to improve content visibility [6][5] - The integration of cultural industries with digital economy innovations is seen as a driving force for high-quality development in the Greater Bay Area [10] - The carnival aims to facilitate collaboration among creators and promote the region as a leading experimental ground for new content production [10]

Core Viewpoint - Xi'an is actively promoting the construction of the "Silk Road Digital Port" by leveraging technology innovation and industrial integration to foster the growth of the digital economy [1][2]. Group 1: Policy and Development Strategy - Xi'an is enhancing policy guidance to create a new model for digital economy development, focusing on innovation breakthroughs, key linkages, and nurturing key industries [1]. - The city has established a supportive policy framework that aligns goals, complements measures, and ensures closed-loop connections for digital economy development [1]. Group 2: Project Initiatives and Collaboration - Xi'an has released a "Project Demand and Scenario Opportunity List," which includes 62 project demands and 8 major fields of urban governance since 2024, aimed at guiding collaborative efforts between research institutions and enterprises [2]. - The city is implementing a "five-in-one" model focusing on data supply, flow, utilization, and security to advance the "Silk Road Digital Port" initiative [2]. Group 3: Data Resource and Industry Development - Currently, Xi'an has made available 1,364 data resources and products, with 262 data enterprises participating, stimulating the integration of technology and industry innovation through data element circulation [2]. - The city is establishing demonstration benchmarks in key areas, such as the digital content sector, where it has attracted 32 full-chain enterprises and generated over 100 million yuan in revenue from various projects [2].

Core Viewpoint - The company, Hengxin Dongfang, is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which may lead to potential compensation claims from affected investors [2]. Group 1: Financial Activities - On August 26, Hengxin Dongfang reported a financing buy-in of 13.4673 million yuan and a financing repayment of 11.7832 million yuan, resulting in a net financing buy-in of 1.6842 million yuan [2]. - The company has participated in 34 bidding projects and holds 251 trademark registrations [5]. Group 2: Regulatory Issues - On August 12, Hengxin Dongfang received a notice from the CSRC regarding an investigation into its information disclosure practices, which could allow affected investors to seek compensation for losses incurred between April 28, 2023, and October 24, 2024, or between the company's listing and August 13, 2025 [2]. Group 3: Project Delays - The company announced a delay in the "Digital Immersive Application Scenario Content Development Project," now expected to reach a usable state by December 31, 2025, due to technical iterations and market environment changes [3][5]. - The delay is attributed to the need for project restructuring following breakthroughs in AIGC technology, increased quality control challenges, and the necessity for compatibility testing with existing engines [4].

Core Insights - Global Mofy (GMM) experienced a stock price increase of 2.72%, reaching $2.404 per share, with a total market capitalization of $70.23 million as of August 25 [1] - For the fiscal year ending March 31, 2025, GMM reported total revenue of $26.73 million, reflecting a year-on-year growth of 34.19%, while net profit attributable to shareholders decreased by 51.16% to $5.04 million [1] Company Overview - Global Mofy AI Limited is a provider of generative AI-driven technology solutions for the digital content industry, specializing in virtual content production and digital asset development [1] - The company utilizes its proprietary "Mofy Lab" technology platform, which integrates interactive 3D and AI technologies to create high-definition virtual versions of various physical world objects, including characters, objects, and scenes [1] - GMM is recognized as one of China's leading digital asset banks, boasting over 100,000 high-precision 3D digital assets applicable in various sectors such as film, television, AR/VR, animation, advertising, and gaming [1]

Core Insights - Global Mofy Media (GMM) experienced a stock price increase of 7.42%, reaching $2.46 per share, with a total market capitalization of $71.88 million as of August 14 [1] - For the fiscal year ending September 30, 2024, GMM reported total revenue of $41.36 million, representing a year-over-year growth of 53.82%, and a net profit attributable to shareholders of $12.14 million, reflecting an 85.25% increase compared to the previous year [1] Company Overview - Global Mofy Media AI Ltd. is a provider of generative AI-driven technology solutions for the digital content industry, specializing in virtual content production and digital asset development [1] - The company utilizes its proprietary "Mofy Lab" technology platform, which integrates interactive 3D and AI technologies to create high-definition virtual versions of various physical world objects, including characters, objects, and scenes [1] - GMM is recognized as one of China's leading digital asset banks, boasting over 100,000 high-precision 3D digital assets that can be applied across various sectors such as film, television, AR/VR, animation, advertising, and gaming [1]

Core Insights - Global Mofy (GMM) experienced a stock price increase of 2.02%, reaching $2.663 per share, with a total market capitalization of $77.80 million as of July 31 [1] - For the fiscal year ending September 30, 2024, Global Mofy reported total revenue of $41.36 million, representing a year-over-year growth of 53.82%, and a net profit attributable to shareholders of $12.14 million, reflecting an 85.25% increase compared to the previous year [1] Company Overview - Global Mofy AI Limited is a provider of generative AI-driven technology solutions for the digital content industry, specializing in virtual content production and digital asset development [1] - The company utilizes its proprietary "Mofy Lab" technology platform, which integrates interactive 3D and AI technologies to create high-definition virtual versions of various physical world objects, including characters, objects, and scenes [1] - Digital assets produced by Global Mofy can be applied across multiple sectors, including film, television, AR/VR, animation, advertising, and gaming [1] - Global Mofy is recognized as one of China's leading digital asset banks, boasting over 100,000 high-precision 3D digital assets [1]