Clear Channel signs 50 year JV with Beijing Cultural group

MUMBAI: This is a significant move in the race towards tapping the entertainment resources and outlets in China. Beijing Gehua Cultural Development Group (Gehua Group) and Clear Channel Entertainment (CCE), which produces and markets live entertainment events have announced a landmark, 50-year joint venture.


The JV will create a new entity Gehua Clear Channel Entertainment And Sports Company. The company will have a 50-year, first right of refusal to mount live tours of performance shows, promote international events, manage venues, sponsorship opportunities, ticketing, logistics, artist management, food and beverage services, merchandising, staging, sound and lighting.

The new company will bring international entertainment and sports events to China. It will also look to create opportunities through which Chinese artists and events can tour the globe. In addition the company will aim at creating international event and venue management systems within the Chinese sports and entertainment related industries.



Clear Channel like other media companies realises that with the robust growth of its economy, China offers tremendous potential as a destination for the live entertainment business. With its rapidly expanding middle class, China is emerging as the world's largest consumer market, and with its high concentration of young people (355 million people between 15 and 29), live entertainment is a compelling business and marketing opportunity.

Gehua Group GM Wang Jianqi says, "We want to present the world with many existing and developing Chinese cultural and sports events. We are looking to bring major events to the city of Beijing in a way that benefits the joint venture company, the citizens and the performers."

Acknowledging Beijing's history of success spanning many centuries, Wang added that the state-owned entity The Gehua Group's long-term partnership with Clear Channel Entertainment will ensure a legacy of substance and vision.

This is the first agreement to result from three years of discussions with political and cultural leaders of China. Clear Channel Entertainment has focussed on understanding those leaders' vision for the future of China's sports and entertainment industry. It has evaluated the potential development of more than seventeen Chinese cities. It has also devoted time and research to determine the business structure that would create opportunities for success; and has selected each city's most experienced and prominent sports and entertainment entities.

CCE senior VP Ed Cunningham says, "From the first moment I landed in Beijing, it was clear that the political and business leadership in Beijing was committed to providing every citizen with access to world-class sports and entertainment events. The partnership is an important step in reaching this objective, and it is a monumental opportunity both for the development of China's sports and entertainment industries. We have all worked diligently and tirelessly to achieve this

objective, and now we will continue to work together to establish a foundation for sports and entertainment in Beijing and throughout China, a foundation that we hope will support major events for decades."

Latest Reads
Splash and assemblage entertainment begin production on norm of the north sequel

Assemblage Entertainment, the feature-film focused CGI animation studio has begun production on the sequel of 2016 theatrical feature film Norm of the North, along with Splash Entertainment, Lionsgate and Dream Factory In many first-of-its times, it is unprecedented that an independent animated...

Television Production House Film Production
Vijendra Singh, Indian Boxing Champion associates with Pokerbaazi, one of India’s pioneer online poker platforms has signed Vijender Singh as its new brand ambassador. Prior to roping in Indian professional boxer, Indian film star, actor, and model, Sunny Leone was the face of the brand. By roping in boxing champion Vijeder Singh as its brand...

Television TV Channels Sports
COLORS INFINITY serves an intoxicating concoction of bollywood Besties, Gossip, Games

Make Saturday nights your date night with some of your favorite Bollywood best-friends, as COLORS INFINITY brings to you the latest season of the popular homegrown chat show Jeep presents BFFs with Vogue powered by Motorola and beauty partner, starting Saturday January 20, 2018 at 8pm on...

Television TV Channels English Entertainment
Experience first-hand India's historic Military Operation in a gripping new documentary

On 18 September 2016, four Jaish-e-Mohammad terrorists attacked an Indian Army Garrison in the town of Uri, Jammu and Kashmir. 19 Indian soldiers were martyred in the Fidayeen attack. Eleven days later

Television Production House Fiction
578 players to go under the hammer for IPL auction

The much-anticipated VIVO IPL 2018 player auction list is out with 578 players up for grabs. This big pool of cricketers, which comprises 360 Indians, will go under the hammer in Bengaluru on 27 and 28 January, 2018.

Television TV Channels Sports
BARC panel tampering: first arrests made

The Cyber Crime Police in Bengaluru, acting on a complaint filed by the Broadcast Research Council of India (BARC), has arrested five people allegedly for trying to tamper with the television viewership data generated and reported by BARC every week.

Television TV Channels Viewership
Cautious investments serve MTV Beats well

MUMBAI: When digital media made it easy for people to listen to songs anywhere anytime, it sounded like the death knell for music channels on TV. Years later, however, they continue to survive.

Television TV Channels Music and Youth
Comedy Central sets pace for ultimate celebration with over 100 hours of non-stop FRIENDS ultra marathon for its 6th birthday

Birthdays and New Years are great occasions to make resolutions for participating in marathons. However, this is one marathon which calls for hanging up your running shoes and grabbing the best spot in front of the telly with a bowl of munchies to keep you going because, for the first time ever in...

Television TV Channels English Entertainment
U Sports launches India's first ever Multi-Platform Multi-Game E-Sports Championship - U Cypher with MTV

The Indian E-Sports scenario is all set for a major revamp as U Sports, one of India’s biggest sports business companies in association with India’s No. 1 Youth Brand, MTV, announces the premiere of their all new month-long championship, U Cypher with MTV. Premiering today, on 19th January, the...

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories