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China's iQiyi Deal for 800 Paramount Titles

Baidu's online video subsidiary unit iQiyi has signed a deal for the Internet broadcasting rights on 800 films, and future movies, of Paramount Pictures. Last month iQiyi announced it had reached five million paid subscribers and was planning to improve its content offering to serve paying members. http://goo.gl/N2lqu4 #EntertainmentBiz

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