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PANTALEON Entertainment AG: Bruno Wu's Sun Seven Stars Media and PANTAFLIX sign strategic partnership for implementing a global VoD-system - Seite 2

"We will deploy world's first transactional platform as a service (PaaS) to tap in the $95 billion film and TV B2B licensing market, currently all offline," explains Bruno Wu, co-chairman and CEO of Sun Seven Stars Entertainment & Media Group Limited. "There are no territorial restrictions anywhere for the intended use of the app."

"With Bruno Wu and his group of companies, we have found the best possible partner for taking on a leading position in global VoD business," adds PANTALEON-CEO Dan Maag. "This first German-Chinese joint venture in the VoD sector will have the capacity to change the global entertainment market for good."

About Bruno Wu:

Mr. Wu is the founder, co-chairman and CEO of Sun Seven Stars Media Group Limited, one of the largest and most diversified private media and investment companies in China. Its predecessor is Sun Media Investment Holdings Group, which was established by Mr. Wu and Ms. Lan Yang in 1999 and became one of the leading entertainment, media and investment companies in Asia after 10 years of growth. Sun Seven Stars Media Group Limited incudes Sun Media Group, Wecast Media Group, Seven Stars Global Culture Group, Sun News Group and Sun Medical Group. It has offices in over ten major cities globally including Beijing, Shanghai, Hong Kong, New York, LA, Paris, London and Toronto with combined annual revenue of multiple billions of US dollars.

About Wecast Network, Inc. (http://corporate.wecastnetworkinc.com):

Wecast Network is aiming to be the leading provider of total B2B business solutions for today's constantly evolving business landscape. With a focus on "BASE" or Blockchain, Artificial Intelligence, Supply Chain & Exchanges, Wecast is organized into three cloud-based categories and business units: Smart Intellectual Property Cloud, Smart Sales Cloud (Products), and the Transactional Cloud. With the three clouds functioning both independently and interdependently, Wecast is creating a vertical, transactional and flexible platform for today's global enterprises.