Tudou Holds Awards Ceremony for 2012 Tudou Video Festival
04 June 2012 - 11:00PM
Tudou Holdings Limited (Nasdaq:TUDO) ("Tudou" or the "Company"), a
leading Internet video company in China, announced that the Company
held the awards ceremony for the 2012 Tudou Video Festival on June
2, 2012 in Chengde, China. This is the 5th annual video festival
co-hosted by Tudou and the China Film Group Corporation ("China
Film Group"), the largest film enterprise in China.
With the slogan Be Creative and Live, this year's festival
attracted over 15,000 video submissions, with a talented group of
200 video finalists vying for 15 grand prizes. In attendance
were over 1,500 producers, directors, writers, studio
representatives and advertisers hotly anticipating the opportunity
to be involved with the creators of the winning
submissions. For studio representatives and advertisers, this
gives them an early lead in working with and sponsoring emerging
new talents in the Chinese video industry. As an example, this
year's event attracted 40 various investment opportunities, with
six deals being signed worth more than RMB 10 million. The
enthusiasm surrounding the Tudou Video Festival continues to
demonstrate Tudou's strong reputation amongst China's next
generation of independent film and video producers as well as
sponsors looking to leverage these aspiring artists' creative
capabilities.
The Sundance Festival, the Tudou Video Festival's foreign
partner, was represented by Landon Zakhein, who presented the
"Independent Spirit Award." In addition, Gary Wang was joined by
Victor Koo, CEO of Youku Inc. (NYSE:YOKU), in awarding the "Youth
Role Model Prize" to the Chopstick Brothers. This award was in
recognition of the major contributions the two have made in
generating increased interest and development for high-quality,
short-form videos throughout China.
"After years of hard work, the Tudou Video Festival has built
itself into a signature industry event for showcasing the video
creations of China's young, aspiring independent video producers
and artists. Tudou will continue working with China's
community of aspiring artists and helping develop the next
generation of film stars," stated Gary Wang, Founder, Chairman and
Chief Executive Officer of Tudou. "We plan to continue
leveraging this platform as a conduit between both Internet video
producers as well as brands from both China and around the world.
We believe that the Tudou Video Festival as well as Tudou's other
artist-centric initiatives will continue to boost Tudou's influence
and appeal amongst China's video enthusiasts, further expanding our
unique and creative video content, while also growing our user base
and interaction."
In addition, representatives from Tudou, Youku, and the China
Film Group, announced the "Chengde Protocol." This
announcement calls for increased diligence on the part of the media
industry and audiences alike, to further safeguard copyrights,
eliminate piracy and protect the common interest of the
entertainment industry.
About Tudou
Tudou Holdings Limited (Nasdaq:TUDO) is a leading Internet video
company in China providing premium licensed content, use generated
content ("UGC") and original in-house produced content. Founded in
2005, Tudou was the first UGC video sharing website launched in
China. The "Tudou" brand is one of the most recognized Internet
brands in China, and the annual Tudou Video Festival has become a
signature event in the online video industry. For more information,
please visit http://ir.tudou.com.
Safe Harbor Statement
This press release contains forward-looking statements made
under the "safe harbor" provisions of Section 21E of the Securities
Exchange Act of 1934, as amended. These forward-looking statements
can be identified by terminology such as "may," "will," "expects,"
"anticipates," "future," "intends," "plans," "believes," "aims,"
"estimates," "confident," "likely to" and similar statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: the
Company's ability to execute its business strategies, plans and
initiatives; the Company's future business development, results of
operations and financial condition; changes in the Company's
revenues and certain cost or expense items; the Company's
expectations with respect to increased revenue growth and its
ability to sustain profitability; the Company's ability to develop
new services; the Company's ability to attract users and
advertisers and enhance its brand recognition; and the ability of
the online video and advertising industry in China to grow at rates
projected by market data. Any of the foregoing risks may have a
material adverse effect on the Company's business and the market
price of its ADSs. Further information regarding these and other
risks is included in the Company's 20-F filed with the Securities
and Exchange Commission on March 30, 2012. All information provided
in this press release is current as of the date of the press
release, and the Company undertakes no duty to update such
information, except as required under applicable law.
CONTACT: Investor Relations Contact:
Michael S. Fu
Director, Investor Relations
Tudou Holdings Limited
Tel: (+86) 21-5170-2355
Email: mfu@tudou.com
Jeremy Peruski
ICR, Inc.
Tel: +1 (646) 405-4884
Email: IR@tudou.com
Tudou Holdings Limited ADS (MM) (NASDAQ:TUDO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Tudou Holdings Limited ADS (MM) (NASDAQ:TUDO)
Historical Stock Chart
From Jul 2023 to Jul 2024