# Litian TV&Film

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/litian-tv-film

- Industry: Media
- Headquarters: Beijing, China
- Website: www.litian.tv
- Latest round: Series B (Aug 29, 2017)
- Investors on record: 3

## About

Litian TV&Film is a Beijing-based company specializing in the distribution of television dramas, focusing on developing, producing, marketing, and distributing original content across various platforms.Founded in 2013 in Beijing, China, Litian TV&Film primarily distributes television dramas and has expanded its operations to include online streaming partnerships. The company has closed three significant deals, with its most recent deal occurring on June 10, 2020, when it raised HKD 288 million through an IPO, selling 75 million shares at HKD 3.84 each. Details about the founder and CEO are unspecified.Zhejiang Litian Film and Television Co., Ltd. operates as a television drama distribution company, offering a range of services including the development, production, marketing, and distribution of television series. The company has established partnerships with over 90 provincial and municipal television stations and online platforms, distributing its productions on major channels such as CCTV Drama Channel and streaming services like Tencent Video, iQIYI, and Youku. Litian Film has also ventured into the online drama market since 2019, aiming to cater to younger audiences with web series.In the most recent fiscal year of 2021, Litian Film reported a revenue of HKD 39,234,261.2, with an EBITDA of HKD 13,660,180.7 for the year 2020. The company's revenue is generated from licensing and distributing television drama content, which includes both original productions and acquired broadcasting rights. As of 2019, the company ranked 15th among Chinese television drama distribution groups, having distributed 120 different television dramas across various genres.Following its IPO on June 10, 2020, where Litian TV&Film raised HKD 288 million, the company plans to utilize these funds to enhance its production capabilities and expand into new markets. It aims to launch new original series by 2023, targeting international markets for distribution, including Southeast Asia and Europe. This strategy aligns with its goal to diversify its content offerings and reach a broader audience.

## Funding rounds

- Series B, Aug 29, 2017 — Joint Fortune Capital
- Series A, Jul 13, 2016 — Wisdom & Wealth Investment Management, Zhejiang Ruijiu Equity Investment

## Investors

- Wisdom & Wealth Investment Management — Series A
- Zhejiang Ruijiu Equity Investment — Series A
- Joint Fortune Capital (https://capitalatlas.ai/funds/joint-fortune-capital) — Series B