Alibaba Teams Up with Two Media Giants

Alibaba Teams Up with Two Media Giants

Alibaba's (NYSE: BABA) streaming video site Youku recently signed new content licensing deals with Comcast's (NASDAQ: CMCSA) NBCUniversal and Sony (NYSE: SNE) Pictures. Recent films and franchises covered by the deal include Sony's Blade Runner 2049 and Jumanji: Welcome to the Jungle, and NBCUniversal's Jurassic World 2: Fallen Kingdom, Darkest Hour, The Fast and the Furious films, Despicable Me, and The Mummy.

NBCUniversal will also provide exclusive Hollywood entertainment programs on Youku, while Sony will launch another "So Cool Summer Rewards" event -- which offers prizes and new methods of interacting with Youku users -- next summer. The content will be offered via Youku's online platform, smart TV apps, and set-top boxes.

Image source: Getty Images.

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Source: Fool.com