Media

China Cuts Off Video Streaming of Four U.S. TV Shows

Chinese flag
Thinkstock
China’s State Administration of Press, Publication, Radio, Film and Television (SAPPRFT) has closed the remaining open door for some U.S.-created TV programming to reach Chinese viewers. The agency has order the nation’s streaming video providers to remove four American TV shows from their servers: “The Big Bang Theory,” “The Good Wife,” “NCIS” and “The Practice.”

China’s leading streaming sites — iQiYi, which is owned by Baidu Inc. (NASDAQ: BIDU), as well as Youku Tudou Inc. (NYSE: YOKU) and Sohu.com Inc. (NASDAQ: SOHU) — will all have to remove the programming. Just last month iQiYi replaced Youku as China’s most popular video streaming site.

From now on, all foreign TV shows will need prior approval before being shown online. This is the same sort of control the government exercises of the country’s broadcast TV stations.

SAPPRFT (love the acronym — sounds like something Bill the Cat would say) routinely sends out orders to China‘s websites to remove “inappropriate content” but apparently this order was unique. The agency typically allows the sites some time to remove the offending content, but in this case the sites were directed to remove the programs immediately. Viewers trying to stream the programs received the following message, according to Offbeat China: “For policy reasons, the service is temporarily unavailable.”

ALSO READ: China’s Sina Loses Licenses for Spreading Porn

Baidu, China’s crushingly dominant search engine, has already said that it expects no profit growth in 2014 as it ramps up spending to promote its mobile services. Revenues were up 50% year-over-year in 2013, but Baidu has seen the mobile handwriting on the Chinese wall. It also faces a challenge from gaming and messaging giant Tencent, which acquired a minority stake in competing search engine Sogou last year.

Shares of Baidu are up about 91% over the past 12 months, but they have dropped nearly 10% since reporting 2013 fiscal year earnings in late February. The stock was up about 0.1% in premarket trading Monday, at $163.00 in a 52-week range of $84.45 to $189.34.

ALSO READ: Ten Countries Racing to Buy American Homes

Get Ready To Retire (Sponsored)

Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Get started right here.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.