Sina Tech, 11/18/11
Chinese online media provider and game operator Shanda Interactive's (Nasdaq: SNDA) wholly owned online literature subsidiary, Cloudary Corporation, and Shandong Satellite TV have signed a strategic memorandum to cooperate on organizing a screenwriting competition, establishing a screenwriters' studio, and co-producing films and TV shows.
Shandong Satellite TV recently purchased the screen adaptation rights for the "Jiu Ke La De You Huo" book series from Cloudary's Rongshuxia online literature site.
TV content production
Shandong Satellite TV
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