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Glory Star Signs Annual Content Agreement with a Subsidiary of ByteDance
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BEIJING, March 9, 2021 /PRNewswire/ Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) ( Glory Star or the Company ), a leading mobile and online digital media and entertainment company in China, today announced that it has signed an annual content cooperation agreement (the Agreement ) with Beijing Youzhuju Network Technology Co., Ltd. ( Youzhuju ), a wholly-owned subsidiary of ByteDance Ltd. ( ByteDance ).
Youzhuju is the operating entity of Toutiao, which is ByteDance s content platform for Chinese language news and information. Under the Agreement, Youzhuju will provide to Glory Star Toutiao s real-time graphics and video content for integration into the Company s CHEERS video platform. The Agreement further provides that both Glory Star and Youzhuju will jointly develop and deploy software development kits and application program int
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