Mtime

About Mtime

Mtime is a digital entertainment platform operating within the Chinese film industry, which has undergone a significant strategic transformation following its acquisition by Wanda Film Holding Co., Ltd. The company was established in 2005 by Kelvin Hou, a former Microsoft executive, who identified an opportunity to create a comprehensive online movie database and community for the burgeoning Chinese market.

Initially, Mtime functioned similarly to IMDb, providing a rich database of movie information, news, and user-generated reviews and ratings, which cultivated a substantial community of film enthusiasts. The platform's business model evolved to include multiple revenue streams. It operated as an online ticketing service, reportedly accounting for a significant portion of mobile cinema ticket sales in China. Additionally, Mtime provided marketing and promotional services to film studios, leveraging its user base to assist with film launches. Acknowledging the potential of the ancillary market, the company began developing its movie-related merchandise business, securing licensing rights for major Hollywood and domestic film properties.

A pivotal moment in the company's history was its acquisition by Wanda Film Holding in July 2016 for approximately $350 million. This transaction was a strategic move by Wanda to integrate Mtime's robust online presence with its extensive network of physical cinemas, aiming to create a comprehensive film ecosystem. Post-acquisition, Mtime's strategic focus shifted decisively towards the movie derivatives market. The synergy with Wanda provided Mtime with unparalleled access to offline retail space within cinemas, enabling the creation of immersive IP-themed experiences and retail stores. Kelvin Hou continued to lead the company as CEO after the acquisition, overseeing its integration into the Wanda entertainment empire.

Under Wanda's ownership, the Mtime brand continues to be associated with movie-related e-commerce and IP commercialization. The company is actively involved in developing and operating IP-centric retail concepts, such as the “时光里” (Shi Guang Li) art stores within Wanda cinemas, which feature a wide array of trendy toys and licensed merchandise. This strategy leverages the high foot traffic of cinema-goers to drive non-ticket revenue, a key growth area for Wanda Film. The business now primarily serves movie studios through IP licensing partnerships and consumers through its integrated online and offline retail channels, capitalizing on the growing demand for film-related consumer products in the Chinese market.