China’s minute-long micro drama videos makes big waves globally

企业   2024-09-28 08:27   菲律宾  

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China’s micro-drama industry, valued at $5 billion annually, is rapidly transforming the entertainment landscape, posing a challenge to traditional film formats. These bite-sized dramas, often no longer than a minute per episode, are gaining immense popularity on platforms such as Kuaishou and Douyin (the Chinese version of TikTok), with millions of viewers tuning in daily. Now, this trend is expanding globally, drawing attention from international markets.

In the first quarter of 2024 alone, three major Chinese-backed micro-drama apps were downloaded 30 million times worldwide, generating $71 million in revenue. Experts attribute the growing success of these shows to their accessibility on mobile devices and their ability to cater to the fast-paced, short-attention-span nature of today’s viewers. Emilie Yueh-yu Yeh, dean of arts at Lingnan University, calls this trend the “TikTokization” of drama, explaining how the miniaturization of screens has led to the miniaturization of content. Popular shows such as Grandma’s Moon and My Wife and My Boss exemplify the melodramatic, cliffhanger-heavy narratives that keep viewers engaged.

One of the key drivers behind the success of micro-dramas is their low production costs and quick turnaround times. A typical series can be filmed in just seven to 10 days, with production expenses ranging from $41,000 to $69,000. This efficiency allows for greater experimentation and creativity, enabling producers to meet the growing demand for quick, on-the-go entertainment. The industry’s business model, which includes charging viewers to unlock additional episodes, has proven to be lucrative.

Companies continue to thrive, with many looking to expand into less restrictive markets like the U.S., where they see potential for further growth. As the industry continues to evolve, micro-dramas are expected to become an even more integral part of the global entertainment landscape, offering a new form of storytelling for audiences worldwide.

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