本报讯 （记者李豪悦）11月25日，在2026财年第二季度业绩电话会上，阿里巴巴集团首席财务官徐宏表示，虎鲸文娱集团 已实现连续三个季度盈利。据了解，虎鲸文娱持续盈利主要由优酷经营效率提升实现盈利所带动，优酷内容精品化战略取得阶 段性成效，平台进入健康发展轨道。 报告期内，优酷在内容方面表现强劲。云合数据报告显示，凭借《藏海传》《以法之名》两部剧集，优酷在暑期档摘得全 网累计有效播放榜单TOP2席位，另有《凡人修仙传》《七根心简》等多部剧集跻身前列，实现强势反弹。其中《藏海传》以 超过40%的市占率成为今年以来长剧市场的头部爆款作品；由优酷出品的《灼灼韶华》位列历年央视八套CVB（中国视听大数 据）收视率冠军。 2023年，优酷提出精品内容战略，通过提高自制比重，稳定产出有差异化的独播内容，强化会员心智。优酷原创能力不断 提升，QuestMobile数据显示，今年1月份到7月份优酷独播剧占比达87.5%，位列行业首位。此外，优酷另有多部精品剧集待 播。在今年9月发布的秋集片单中，优酷共发布超200部作品，除《谍报上不封顶》《长安二十四计》等备受期待的头部剧集， 片单还涵盖综艺、动漫、人文等多个领域。 今年5月 ...

11月25日晚，在2026财年Q2业绩电话会上，阿里巴巴集团首席财务官徐宏表示，虎鲸文娱集团已实现 连续三季度盈利。据了解，虎鲸文娱持续盈利主要由优酷经营效率提升实现盈利所带动，优酷内容精品 化战略取得阶段性成效，平台进入健康发展轨道。 报告期内，优酷在内容方面表现强劲。云合数据报告显示，凭借《藏海传》《以法之名》两部剧集，优 酷在暑期档摘得全网累计有效播放榜单TOP2席位，另有《凡人修仙传》《七根心简》等多部剧集跻身 前列，实现强势反弹。其中《藏海传》以超过40%的市占率成为今年以来长剧市场的头部爆款作品；由 优酷出品的《灼灼韶华》位列历年央视八套CVB（中国视听大数据）收视率冠军。 ...

Core Insights - The Chinese television industry has experienced significant growth over the past five years, producing over 1,500 dramas and documentaries, with total content duration exceeding 350,000 hours during the "14th Five-Year Plan" period [3][4] - The audience engagement has surged, with notable works like "Mountain Flowers in Bloom" and "The Story of the Rose" generating massive online discussions and interactions, indicating a strong cultural impact [4][6] Content Production and Audience Engagement - The production of high-quality content has led to a diverse range of successful shows, with "Mountain Flowers in Bloom" achieving over 8 billion views on related topics [4] - The series "Blossoms" has revitalized interest in 1990s Shanghai culture, while "The Alley Family" evokes nostalgia through its portrayal of Jiangnan life [4][6] Technological Advancements and Distribution - The integration of AI in content creation is enhancing the creative process, allowing creators to focus on storytelling while technology assists in identifying emotional highlights [7] - The broadcasting network is evolving with the convergence of cable and 5G technologies, aiming to transform television into a comprehensive service platform beyond mere content consumption [7][8] International Expansion - Chinese dramas are gaining popularity in international markets, particularly in Africa, with shows like "Welcome to Mai Le Village" significantly boosting local viewership [9][10] - The export of Chinese audiovisual content has increased by over 40% in the past five years, reaching over 200 countries and regions, showcasing a shift from merely exporting content to sharing cultural narratives and values [10]

Core Viewpoint - The article critiques the recent trend in ancient costume dramas, particularly highlighting "Into the Cloud," which has been labeled as "baby xianxia" due to its simplistic and juvenile storytelling, diverging from the traditional depth of the genre [1][10][28] Group 1: Quality of Content - "Into the Cloud" has been criticized for lacking emotional depth and quality, with viewers describing it as feeling empty despite good visuals and attractive leads [1][3][6] - The narrative structure of "Into the Cloud" is overly simplistic, with character abilities being ignored and plot developments lacking tension [6][10][21] - The trend of "low-age" content is not isolated to one show but reflects a broader issue in the ancient costume drama market, where many productions have simplified their storytelling to appeal to younger audiences [2][10][16] Group 2: Audience Expectations - There is a growing disconnect between the content being produced and the expectations of the audience, who are seeking more substantial narratives rather than superficial romantic plots [19][22][27] - Data indicates that while the number of ancient costume dramas has increased, only a few have achieved significant popularity, suggesting that the issue lies in content quality rather than audience preferences [19][22] Group 3: Industry Trends - The industry is criticized for its reliance on safe formulas, leading to a proliferation of similar, low-quality productions that prioritize romance over complex storytelling [21][22] - There is a call for creators to move beyond the "sweet romance" formula and to explore deeper themes such as power dynamics, personal growth, and societal issues, which could revitalize the genre [21][27][28] - Successful examples like "Folded Waist" demonstrate that mature storytelling can still attract audiences, indicating a potential market for high-quality ancient costume dramas [23][26][27]

Core Insights - The series "赴山海" has become a new flow password in the internet space, marking a significant event in the drama market for the second half of 2025 [1] - Despite high initial viewership and popularity, the series has faced criticism regarding its quality, leading to a complex evaluation of the lead actor 成毅's ability to carry a show [3][12] - The phenomenon of "black-red" (negative publicity leading to increased attention) has emerged, indicating that the series' flaws have generated significant online discussion, overshadowing its actual quality [9][11] Group 1: Series Performance and Reception - "赴山海" achieved over 700 million views within 10 days of its release, topping the drama popularity charts for 10 consecutive days [1] - The lead actor 成毅's character has garnered over 200 million views on iQIYI, showcasing his significant role in driving the series' initial success [1] - However, the series has been criticized for its production quality, with common complaints about the plot, pacing, and technical errors, leading to a decline in audience reception [6][11] Group 2: Actor's Market Position and Future Projects - 成毅 is set to star in the upcoming series "两京十五日," indicating that despite the current setback, he continues to secure high-profile projects [3] - The market's perception of an actor's ability to carry a show has become increasingly complex, with traditional metrics of success being challenged [3][18] - The concept of "single-person approval" has emerged, where top actors can secure projects based on their individual influence, reflecting a shift in how projects are evaluated in the industry [20][22] Group 3: Industry Trends and Actor Dynamics - The dual nature of flow (popularity) and its backlash has created a cycle where actors can quickly rise and fall based on a single project's reception [11][12] - The industry is witnessing a trend where both flow actors and established talent must continuously prove their worth, as the market allows for limited mistakes [29] - The emergence of a new generation of actors who can balance both popularity and acting skills is reshaping the competitive landscape, with a focus on diverse roles and strong performances [30]

Core Insights - The concept of "long tail" in the context of drama series is gaining traction among both audiences and streaming platforms, emphasizing the importance of sustained viewership and engagement beyond the initial airing period [1][2][4] - Streaming platforms are increasingly focusing on the long tail effect as a key metric for success, with several old dramas achieving significant viewership even after their original broadcast [2][4] - The industry is witnessing a shift towards valuing quality content that can maintain viewer interest over time, rather than solely relying on initial viewership numbers [6][14] Group 1: Long Tail Effect - The long tail effect is becoming a focal point for streaming platforms, with executives from major players like iQIYI, Youku, and Tencent Video highlighting its significance in various forums [2] - Data from Yunhe indicates that in 2024, seven old dramas achieved an average viewership exceeding 100 million, showcasing the growing importance of long tail metrics alongside peak viewership [2] - Platforms are implementing strategies such as "full series free viewing" to activate the long tail effect of past dramas, attracting new users [1][16] Group 2: Content Strategy - The industry is moving towards a "long + short" content ecosystem, where high-quality long-form content is essential for attracting and retaining users and advertisers [4][6] - The reduction in the number of new series being launched (271 in the first half of 2025, down by 33 from the previous year) indicates a strategic focus on extending the lifecycle of existing series [4][14] - Platforms are diversifying their definitions of long tail dramas, recognizing that any series with strong post-broadcast performance can be classified as such, regardless of its initial popularity [7][11] Group 3: Audience Engagement - The introduction of annual ranking lists, such as Youku's "Annual Bestsellers," reflects a shift in measuring a series' value over a longer time frame, encouraging ongoing viewer engagement [6] - Platforms are leveraging community interaction and user-generated content to maintain the relevance and visibility of older series, fostering a culture of sustained discussion and engagement [15][16] - The use of algorithms to recommend classic dramas to potential new viewers is a key strategy for enhancing the long tail effect [14][16]

Core Insights - The report by iResearch indicates that Youku's user growth in the first half of 2025 significantly outpaced the overall long video industry, achieving an 8-fold increase compared to the industry's growth rate, driven by popular dramas like "The Hidden Sea" and "In the Name of Law" [1][2] Group 1: User Growth and Content Strategy - Youku's user base grew from 270 million to 280 million, marking a 6% increase, while the overall long video sector saw only a 0.7% growth [1] - The growth is attributed to a diverse content strategy that includes genres such as historical, suspense, and urban dramas, aiming to cater to various audience preferences [1][2] Group 2: Impact of Quality Content - High-quality dramas like "The Hidden Sea" have a broad appeal, reaching audiences beyond just fan bases, thus becoming significant commercial successes [2] - Youku dominated the summer viewing season, securing the top two spots in total views across platforms, with "The Hidden Sea" and "In the Name of Law" each surpassing 1.3 billion views and achieving over 40% market share [2] Group 3: Competitive Landscape - The long video industry is entering a low-growth phase, making the impact of premium content increasingly vital for user engagement and retention [2] - Youku's strategy of increasing its self-produced content has transitioned from exploration to refinement, with a high exclusivity rate of 87.5% for its original content from January to July 2025, the highest among major long video platforms [2]

Group 1 - The core viewpoint of the articles highlights that Youku's user growth significantly outpaces the overall long video industry, driven by popular dramas such as "Cang Hai Chuan" and "Nan Hong" [1][2] - According to the report, the overall user growth in the long video sector is only 0.7% for the first half of 2025, while Youku's growth reached 6%, increasing its user base from 270 million to 280 million [1] - The success of Youku is attributed to its diverse content strategy, including genres like historical, suspense, and urban dramas, which have become increasingly important in a low-growth environment [1] Group 2 - Youku dominated the summer viewing season, achieving the top two spots in the cumulative viewership rankings, with "Cang Hai Chuan" and "Yi Fa Zhi Ming" each surpassing 1.3 billion views [2] - "Cang Hai Chuan" holds over 40% market share in the summer season, indicating its strong performance and popularity among viewers [2] - Other series like "Fan Ren Xiu Xian Chuan" and "Qi Gen Xin Jian" also maintained a stable presence in the top rankings, showcasing Youku's ability to produce multiple successful titles [2]

Group 1: Drama Market Insights - The drama market continues to demonstrate strong brand collaboration capabilities, with significant partnerships for popular series like "生万物" and "藏海传" [1][3] - However, there is a notable decline in the number of series achieving over 40 brand collaborations compared to the previous year, indicating a cautious approach from clients [1][3] - The trend of "全集有广" (full series with ads) has become a critical metric for brand collaboration, with only one series achieving this in August [1][3][7] Group 2: Variety Show Market Trends - The variety show market has shown stability, with new shows demonstrating impressive brand collaboration capabilities, although the peak of over 10 brand partnerships is no longer common [1][10] - Classic variety shows (综N代) have seen a resurgence in brand partnerships, with a 4% increase in sponsorship compared to the previous year [10][13] - New variety shows have attracted significant brand interest, with shows like "一路繁花" and "姐姐当家" securing multiple brand collaborations [15][16] Group 3: Market Dynamics and Brand Strategies - The differentiation in long video content's brand collaboration capabilities reflects a shift in consumer behavior and market trends, with platforms like 淘宝闪购 and 美团团购 gaining prominence [2][19] - The market is witnessing a shift from relying solely on star power to focusing on content quality and brand trust, as evidenced by the cautious investment strategies of brand owners [5][23] - The overall trend indicates a move towards more stable and predictable content, as the industry adapts to economic pressures and seeks sustainable growth [7][23]

Core Viewpoint - Recent mainland Chinese dramas have gained popularity in Taiwan, showcasing various elements of Chinese culture that resonate well with local audiences [1][2]. Group 1: Popularity of Mainland Dramas - Several mainland dramas, such as "Longan's Lychee" and "Jin Yue Ru Ge," have become hits in Taiwan, with viewers praising the depiction of Chinese cultural elements [1][2]. - The rise of these dramas has led to significant engagement on social media platforms, with dedicated groups for discussing mainland dramas amassing tens of thousands of members [2]. Group 2: Cultural Elements and Audience Engagement - The intricate portrayal of traditional Chinese culture, including costumes, food, and rituals, has captivated Taiwanese viewers, leading to a deeper appreciation of cultural heritage [2]. - Taiwanese audiences are increasingly seeking recommendations for mainland dramas and engaging in discussions about plot developments and character stories on social media [2]. Group 3: Broader Cultural Impact - The success of mainland dramas is part of a larger trend, with Chinese-themed games and films also gaining traction in Taiwan, indicating a growing interest in Chinese culture [3]. - Cultural exchanges, such as the rise of "Guochao" culture in Taiwan, are seen as a bridge for deeper understanding between the two sides, countering political narratives that promote "de-Sinicization" [5].