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Bestv is a domestic IPTV new media audio-visual business operator and service provider, which is jointly established by Shanghai Media Group (SMG) and Tsinghua Tongfang Co., Ltd. Relying on SMG, bestv has strong comprehensive advantages in audio-visual content creation and production, interactive product development and application, new media management and operation. Meanwhile, bestv cooperates with Microsoft, Cisco, and other international companies in IPTV technology, and has an operation management platform in the industry. In March 2012, blockbuster said it would spend $30 million in cash to acquire 35% of the shares of "FengXing Network Co., Ltd." and Beijing FengXing Online Technology Co., Ltd. On March 4, 2014, thunderbolt members jointly released a new box product: red thunder. In June 2015, blockbuster absorbed a major asset reorganization that merged the Oriental Pearl and issue shares and paid cash to purchase assets and raise matching funds. After the reorganization, blockbuster will be changed to "Shanghai Oriental Pearl OmniAd Media Incorporation". The Oriental Pearl OmniAd Media Incorporation (Shanghai Stock Exchange Stock Code: 600637) is the Shanghai Culture Radio and Film Group Limited (ShanghaiMediaGroup). SMG) a unified industrial platform and capital platform, based on a strong media business and starting from Internet TV business, to realize the transformation of audience to users and flow realization, build an Internet media ecosystem, business model and institutional framework, and build a new Internet media group with market value, communication power, credibility and influence.

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