Youku signs deal to bring 300 Sony films online (2)

The company did not disclose the value of the deal.

Data from Internet analysis company iResearch Consulting Group showed that Youku Tudou had about 488 million users as of August. Tencent Inc's online video business ranked second, with an audience of 263.5 million.

"Online video platforms, such as Tencent Video, were able to triple its audience since April last year posing a threat to Youku Tudou," said iResearch.

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