News Snapshot:
Douyin, the Chinese version of TikTok known for its 15-second short videos, is snapping up rights to films and television shows through a partnership with iQiyi, China’s answer to Netflix. The deal gives Douyin, which has over 600 million daily active users in China, rights to edit iQiyi’s long-form content into short video clips, according to a statement by Douyin on Tuesday. The move could be seen as a truce in the bitter war between long-form videos, usually professional productions, and shorts, often amateur-generated video clips such as lip-synching performances. The unauthorised re-editing of copyrighted productions was once rampant on...
