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Chinese video site Ku6 is licensing rights to “several hundred” films and TV shows from Sony (NYSE: SNE) and a second, unnamed Hollywood studio, which it says makes it the first Chinese video portal to “acquire legitimate copyright content from major Hollywood studios.” The deal comes nearly 10 months after Shanda-owned Ku6 and Sohu (NSDQ: SOHU) said they would invest $10 million in licensing Hollywood film and TV content.
Meanwhile, in other Chinese video site news, rival Tudou is reportedly planning an IPO. The site has raised $135 million, including $50 million just last month. Research firm Pacific Epoch cites local media reports which say that the company has hired Morgan Stanley to underwrite the offering.