The Hollywood Reporter compared quarterly earnings of two Chinese entertainment firms that went publicly recently - Youku.com and Bona Film Group.
Youku.com was successful in its IPO endeavor as China's leading video sharing website. With less than three months since its IPO offering, the company released better quarterly report in December 2010. Youku.com's debut was the strongest in the United States in five years.
On the other hand, Bona Film Group was not as lucky. In its end of year quarterly report, Bona Film Group had a whopping 22.2% loss in net revenue. Company's managers blamed the loss on movie flop and bad investments.
The mix results have investors feeling antsy. Expert said it will take time to rebuild confidence in China's growing entertainment industry.
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