Entertainment time cut for satellite TV stations in China

Entertainment time cut for satellite TV stations

2013-10-20 23:20:39 GMT2013-10-21 07:20:39(Beijing Time)  Shanghai Daily

Satellite broadcasters in China have been told to cut back on entertainment programs, and even less of overseas programs, giving a headache for choices to station chiefs. The State Administration of Radio, Film and Television announced that starting from next year, it will allow every satellite TV station to buy the copyrights of just one overseas program. The new order is aimed to push for domestically-produced and “morality-building programs.”Also, the copied programs cannot be aired during prime time from 7:30pm to 10:00pm within the year when they are imported. And only one musical talent show will be approved every three months by the administration to be aired during prime time.

According to the new regulations, TV stations cannot broadcast serials and entertainment programs for seven and a half hours in a day.

The extra slots will have to be filled with news, education programs and service shows, according to the state directive.

It ordered the broadcasters to air at least 30 minutes of domestically-made documentaries within the period of 6am to 1am, and 30 minutes of children’s programs or cartoons between 8am and 9:30pm every day.

The directive was issued on October 12, Southern Metropolis Daily reported yesterday.

In recent years, many mainstream TV networks have bought the copyrights of popular foreign shows and localized it like “China’s Got Talent” which is based on “Britain’s Got Talent,” and “The Voice of China” taken from “The Voice of Holland.”

Chinese TV stations also found it easier just by buying the copyrights and copying the foreign programs verbatim to increase their viewership ratings.

Under the terms of the contracts, the producers in China would get a detailed guidebook and assistance from foreign TV station personnel. They didn’t need to come up with brilliant ideas on their own but only needed to rework every step of the foreign program. It also proved to be an instant success, according to insiders.

But the new round of regulations is proving to be a bit of a concern for station chiefs, the newspaper reported.

“It is really a headache on how we can make up for the seven and a half hours of time. Many TV stations are used to airing TV dramas, shows and films,” a TV station staff, preferring to remain anonymous, told the newspaper.

Liu Yuan, deputy director of the chief editing office with Jiangsu Satellite TV, admitted that the new regulations would make it tougher on them.

Wu Chaoyang, publicity director of Shanghai’s Dragon TV, told the newspaper the television station has always tried to localize overseas programs and now has four and a half hours of news programs daily.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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