IP revitalization, five-star sports transformation... What major actions will SMG take?
On September 21st, the 2024 SMG Cooperation and Innovation Conference, "Chasing the Future with the New", was held on the 4th floor of the Broadcasting and Television Building. Song Jiongming, Deputy Secretary of the Party Committee, Director, and President of Shanghai Radio and Television Station and Shanghai Culture, Radio, Film and Television Group Co., Ltd., stated that in 2024, SMG will rely on continuously upgrading its audio-visual capabilities, firmly adhere to the principle of "audio and video+a thousand industries", focus on the main content business, and strive to create a new ecosystem of "radio and television+".
Event site
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In the first half of this year, SMG's overall business picked up. Its total operating revenue increased by 15% compared with the same period last year, cultural tourism and performing arts increased by 252% and 199% respectively year on year, and Oriental Pearl TV Tower New Media's parent net profit increased by 72.7%. Among them, in terms of online content, super variety shows such as "Love City" and "Our Song" have attracted industry attention; Offline, SMG's CCG EXPO Animation Exhibition, Demon Hunting Club Immersive Script Killing, Philharmonic Genshin Impact's 3rd Anniversary Concert, "Go Where There Are Songs" and other music parties attracted diverse young interest circles. At the same time, SMG is also committed to exploring a new win-win model of "broadcasting+cultural tourism" and creating a new cultural field of immersive experience. For example, Shanghai Wenguang Performing Arts has launched a new immersive industry platform called "Super Immersive Manufacturing Bureau", which attracts more customers through customized performances, open exhibitions and other art projects.
Event site
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The 2024 SMG Collaborative Innovation Conference showcased a series of distinctive IPs on site. It is reported that SMG has a total of 2142 program IPs, covering 11 major categories of content, including news, variety shows, special topics, documentaries, life services, finance, children's, music, film and television, sports, and traditional Chinese opera. This year, SMG launched the "IP Revitalization Plan", allowing well-known classic program IPs to reach new and young audiences. Among them, in the development of distinctive IPs, Hu Ge, Liu Tao, and Chen Long jointly initiated the environmental protection public welfare documentary program "Moving Forward", jointly produced by Oriental TV Center and Documentary Center. The program will use a combination of reality shows and documentaries to explore what "green modernization" is in dialogue with nature.
Interior of Radio and Television Building
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Previously known as Five Star Sports, it will also transform into a comprehensive sports industry company. The first step towards its transformation into the sports industry is the hosting of the International Skating Federation's Shanghai Super Cup this year.
The cooperation conference also introduced the first immersive broadcasting physical space in Shanghai - Yuyuan Road Radio Station. This project is created by Archimedes Media, a new media company under SMG, and is located at the intersection of Jiangsu Road and Yuyuan Road with abundant pedestrian traffic. In combination with the continuous innovation production capacity and writer resources of Shanghai Century Publishing Group's high-quality books, Yuyuan Road Radio will gather Shanghai cultural celebrities and launch a series of classic reading and book recommendation activities in combination with multiple Internet platforms. At the same time, through the national high-quality anchor resources and professional intelligent audio technology of both platforms, high-quality published content will be digitized, using this as a starting point to connect with the digital age and explore new scenarios and models for content dissemination, use, and marketing.
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