TVB (00511.HK) 0.000 (0.000%) reached a new framework for cooperation with Tencent Video, a subsidiary of TENCENT (00700.HK) 0.000 (0.000%) Short selling $448.25M; Ratio 12.543% , marking a further comprehensive collaboration between the two parties, building upon the strategic cooperation agreement established last year, according to TVB's announcement.By integrating resources and complementing each other's strengths, the two parties aim to further enhance their cooperation, with the goal of creating a more diversified content synergy and achieving greater market influence, including expanding partnership in co-produced dramas, according to the agreement. Related NewsM Stanley: Taobao, Tmall, WeChat Pay Integration Leads to Win-win SituationBuilding on the existing 4 dramas, will double the volume and co-produce four additional new dramas, totaling 8 dramas. The first four, including "No Room For Crime", "Big Biz Duel", "No Return" and "One-twelfth", are expected to be simultaneously aired in mainland China and Hong Kong within 2024. The four additions, including "Wars of Roses" and "The Fading Gold", will also begin shooting this year and are expected to be released in 2025.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-09-05 16:25.)