Its member companies include: Walt Disney Company, Sony Pictures Entertainment, Paramount, 20th Century Fox, Universal Films, and Warner Brothers.
According to a statement from the American Film Association, Xunlei Company continued to appear "a lot of infringements" in spite of the original copyright protection agreement signed. It filed a complaint in Shenzhen Nanshan District Court on January 19, requesting Thunder to make compensation and apologize.
Thunder company temporarily responded to the MPAA's lawsuit.
It is worth noting that the names of Thunder Corporation appearing in the American Film Association's statement are different from those in the Thunder Prospectus.
Old Masters American Film Association
As early as 2008, the American Film Association accused Thunder of copyright infringement, including Spider-Man 3, World Wars, and Miami Storm, and claimed RMB 7 million (approximately US$ 1 million).
In June 2014, in order to clear the copyright obstacles to the listing of the United States, Thunder and the American Film Association reached an agreement, Thunder will launch a complex copyright monitoring system to limit the illegal download of domestic American dramas and movies.
In October 2014, the American Film Association announced a worldwide survey on audio and video piracy, which pointed out that a number of websites that provide links to pirated downloads were "blacklisted". China's website Thunder was on the list.
Listed due to copyright issues
According to sources close to Thunder, Thunder has been sprinted twice.
The first time was in 2011, Thunder submitted a listing application to the SEC, but gave up on the eve of the IPO. It is reported that because of the purchasers, the issuing price is constantly diving, from 11 US dollars to 6 US dollars, Zou Shenglong can not accept, but unfortunately return.
Before the Thunder launched the IPO filing report for the second time, the American Film Association gave the Thunder Letter to the Shanghai office to negotiate with the pirated content. Otherwise, it will sue Thunder in the US, and Thunder will be unable to return.
In early 2014, Xiaomi invested 26.4 percent in Thunder by investing 200 million U.S. dollars in its investment company Xiaomi Ventures Limited; in June, it reached an agreement with the American Film Association. As a result, Thunder successfully listed in June 2014. The Q3 financial report showed that Thunder's total revenue in the third quarter was 49,200,000 US dollars, an increase of 7.6% compared with the previous quarter, an increase of 1.5% over the same period of last year; attributable to Thunder's net profit is 300,000 US dollars, lower than the previous quarter's 9.3 million US dollars, down 94.7 percent over the same period last year's 5.7 million US dollars.
Thunder listed the issue price of 12 US dollars, the current share price is only 7.6 US dollars, the market value of 531 million, evaporating 450 million US dollars from the initial listing of 980 million US dollars.
All the people on the blacklist of the American Film Association have been shut down due to copyright pressure. Thunder may not hurt the body because of piracy.
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