Fan Luyuan: The big entertainment sector will achieve profitability next year; the group once had doubts about it

Zhitong
2024.12.06 16:20

On the morning of December 7th, news emerged that on December 6th, Alibaba partner and Chairman and CEO of Alibaba Pictures Group, Fan Luyuan, gave a keynote speech at an internal meeting of Lingxi Interactive Entertainment. Fan Luyuan stated that in the first year of taking over Alibaba Pictures, the fiscal year ended with a loss of over 1 billion yuan. As of today, the overall loss of the entertainment sector may only be around 500 to 600 million yuan. Next year, we will achieve overall profitability. Fan Luyuan also mentioned that over the years, the entertainment sector has actually experienced many setbacks, "the group's distrust of us."

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