Core Viewpoint - iQIYI is significantly reducing the cost of virtual production systems to promote the adoption of this technology in the film industry, aiming to enhance content creation quality and efficiency [1][6]. Group 1: Cost Reduction and Accessibility - Starting June 1, 2025, iQIYI will lower the price of its virtual production system to a minimum of 35,000 yuan per day, down from 160,000 yuan per day, to make the technology more accessible [1]. - The initiative is intended to lower the barriers for content creation teams, allowing for higher quality productions [1]. Group 2: Technological Advancements - iQIYI has invested in a flagship virtual photography studio in the Hengdian Film Industry Park, featuring a 500 square meter immersive LED wall with a pixel pitch of 1.95mm, capable of supporting over 200 FPS high-speed shooting [2]. - The company has developed the IQStage technology platform, integrating over 20 patents and software copyrights, which has received significant recognition [4]. Group 3: Industry Impact and Growth - The use of virtual production technology in iQIYI's projects has increased by 50% year-on-year, indicating a growing trend in the industry [6]. - iQIYI's virtual production system is recognized as a leading technology in China and is positioned to play a crucial role in the industrialization of the film sector [6].