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China's Bilibili Focuses on Growth as Losses Double Patrick Frater, provided by FacebookTwitterEmail Chinese video entertainment platform Bilibili saw its losses deepen in 2020, but they reflected further investment in growth, as Middle Kingdom consumers become increasingly digitally focused. Average monthly active users (MAUs) reached 202 million representing an increase of 55%, compared with 2019. Those paying for use reached 17.9 million, a 103% increase. More from Variety Bilibili’s total net revenues were RMB3.84 billion ($589 million) in the calendar year, an increase of 91% from the...

New York City Movie Theaters Can Reopen at Limited Capacity, Gov. Cuomo Says Rebecca Rubin, provided by FacebookTwitterEmail After nearly a year of closures, New York Gov. Andrew Cuomo has given movie theaters in New York City permission to reopen at limited capacity starting on March 5. During his daily press briefing, the Empire State leader said cinemas in the city will be permitted to operate at 25% capacity, with no more than 50 people. Moreover, other safety measures such as masks, social distancing and heightened sanitizing measures will be required. Last October, New York venues outs...