Alibaba Group Holding Ltd (BABA), Rayvision Partner To Provide Digital Effects Services
                    Alibaba Group Holding Ltd (BABA), Rayvision Partner To Provide Digital Effects Services
Alibaba Group Holding Ltd (BABA), Rayvision Partner To Provide Digital Effects Services
Alibaba strengthens its influence in China’s entertainment business with the Aliyun-Rayvision pact

                                                                                                                                                      

BABA
By: TROY KUHN
Published: Apr 29, 2015 at 8:24 am EST
E-commerce giant, Alibaba Group Holding Ltd (NYSE:BABA) announced today that it is deepening its foray in the cloud computing and entertainment business through a partnership with Rayvision. The pact will introduce a cloud computing built digital effects platform, and widen the company’s influence in the film industry.

The newly launched service will be given the title of Rendering Cloud, a bi-product of Alibaba’s Aliyun and Rayvision. Rayvision, currently commands about 70% of the respective market share. Alibaba’s cloud computing service, Aliyun was first introduced in China in 2009, and commands a customer base of around 1.4 million customers to date.
Alibaba’s entertainment arm, Alibaba Pictures, will not have much direct involvement in the Rendering Cloud Partnership. However, the company has plans of using the service in its film endeavors. Moreover, Alibaba Pictures also announced today that the company might execute a strategic partnership with Aliyun and Rayvision in the future.

President of Aliyun, Simon Hu stated today: “By providing computing capacity, we hope to help Chinese filmmakers produce Hollywood hits like ‘Kung Fu Panda’. We hope to integrate cloud computing with the film and animation industry, and serve global studios, enabling small studios worldwide, to produce high-definition blockbusters with great visual effects.”

The Rendering Cloud Service is projected towards the country’s independent producers. The Aliyun-Rayvision partnership will inject a cloud-based platform providing 100,000 cores of computing power. Moreover, the e-commerce giant also ensured that the partnership is built on introducing efficiency to the structure, as it plans on slashing rendering costs by roughly 40% and rendering duration to weeks.

More importantly, Alibaba Group Holding Ltd, recently announced that it intends to make its cloud computing platform, Aliyun relatively “cost competitive.” presently, Alibaba’s cloud computing platform amounts for 1% of the company’s total revenue.
The partnership also navigates Alibaba Group Holding to a deeper penetration in the film industry. Alibaba realizes the significance of further enriching its entertainment arm, as the Chinese film industry quickly escalates towards premier quality animation, and digital effects. Furthermore, research analyst at Gutoi Junan International, Ricky Lai; recently displayed considerable optimism for Alibaba’s entertainment arm: “We expect that assert injection to be completed this year and further transform Alibaba Pictures into a bigger, one-stop operation for movie production, financing, and ticketing sales.”

Out of the 44 analysts polled by Bloomberg, 37 recommend a Buy; five suggest a Hold, and two advocate a Sell on it. The 12-month consensus target price is $108.13, centralizing an upside of almost 27% compared to the current share price of $85.08.

This article reprinted from Bidnessetc :http://www.bidnessetc.com/41282-alibaba-group-holding-ltd-baba-rayvision-partner-to-provide-digital-effects/                

Key Words

Search
CGTrader| SIGGRAPH| FoxRenderfarm| Evermotion| Fox Renderfarm| cloud rendering| SIGGRAPH Asia| RAYVISION| Aliyun| Render Farm| 3D Rendering| Oscar| CG| GPU Rendering| Hum3d Survial Car Challenge| Chaos Group| The Rookies 2017| SIGGRAPH Asia 2017| CGTS| CGTrader Space Competition| Baahubali| RenderMan| Alibaba| film of the year| Planet Unknown| Henrik Lein| Chris Buchal| Isotropix| Le Anh Nhan| Golden Horse Award| Evermotion challenge 2017| SIGGRAPH Asia 2018| CG Competition| Glass Cage| film works| Deep| Julio Soto| boar 2017| Chris Sun| CSFF| Fox Renderfarm 2017 Achievements| siggraph caf| Tomasz Bednarz| CG Tech Summit Malaysia| Alpacalypse Productions| Florian Renner| Zhang Yimou| animation works| Federico Ciuffolini| event| CSFF 9th| CG Tech Summit| CGTS Malaysia| Shadow| MAXON| Cinema 4D| C4D| Ralf Sczepan| Clarisse| Iavor Trifonov| V-Ray| sc| halloween| Making Life of Bri' n Chris| Razer| Mr. Hublot| CICAF| VR| STAR CORE| Vray| CPU Rendering| Redshift| Blender Cycles| NVIDIA Iray| Ribbit| Linux| HPC| Kunming Asia Animation Exhibition| 2015 Hangzhou Computing Conference| Malaysia| VAX| 阿里雲| Online Render Farm| Life of Bri| Michael Wakelam| WORLD LAB| OctaneRender| V-Ray RT| hum3d contest| enchantedmob| hard drive| Baahubali 2| Makuta VFX| Peter Draper| The Rookies| siggraph 2017| anthem studios| CG Studios| Rookies| Academy Awards| Indigo Renderer| LuxRender| Monkey Island| Rafael Chies| SketchUp| LightWave| weeklycgchallenge| CGVray| RAYVISION MILESTONES| fox renderfarm interview|

Partners

rayvision aliyun
rayvision beiying
rayvision IBM
rayvision aspera
More