{"success":true,"data":{"pressRelease":{"id":"159117","rtpr_id":"nPNAlclx4a-20261002","ticker":"IQ","exchange":"NASDAQ","all_tickers":["IQ"],"title":"iQIYI AIGC Series \"The Ferry Man\" Exceeds RMB 8 Million in Revenue-Sharing as Third Instalment Debuts on October 1","author":"PR Newswire","published_at":"2026-10-02T07:38:19.456Z","article_body":"iQIYI AIGC Series \"The Ferry Man\" Exceeds RMB 8 Million in Revenue-Sharing as\nThird Instalment Debuts on October 1\nPR Newswire\n\nBEIJING, Oct. 2, 2026\n\nBEIJING, Oct. 2, 2026 /PRNewswire/ -- iQIYI, China's leading online\nentertainment platform, announced that the cumulative revenue-sharing, a\nmodel where production partners share earnings with iQIYI based on\nviewership, box office for its AIGC film series \"The Ferry Man\" has surpassed\nRMB 8 million (US$1.2 million) as of September 23, marking a new milestone for\nthe series. This comes as the third instalment, \"The Ferry Man: The Dream of\nthe Princess\", debuts on October 1 on iQIYI and iQIYI International.\n\n\nProduced by iQIYI and GHY Culture & Media, the series' first two titles, \"The\nFerry Man: Butterfly Dream\" and \"The Ferry Man: The Dream of the Celestial\nMaiden\", were released simultaneously on August 22 on iQIYI and iQIYI\nInternational, and quickly gained commercial traction, reflecting growing\nmarket confidence in iQIYI's AI-driven premium content.\n\nRooted in traditional Chinese culture, \"The Ferry Man\" is an established IP\nspanning long-form drama, online films, musicals, and short-form series,\nblending mythology, folklore, and contemporary themes. The new films use AI\nproduction to render classical Chinese philosophical imagery as cinematic\nworlds.\n\nRedefining Production Efficiency\n\nThe success of \"The Ferry Man\" series demonstrates a robust end-to-end AIGC\nvalue chain, one that successfully integrates production efficiency, market\nvalidation, and strong financial returns. By incorporating AI into its core\nworkflow, iQIYI has fundamentally optimized the filmmaking process.\n\nAccording to Zhichao LI, producer of the series, the first two films moved\nfrom project initiation to launch in less than four months. \"AI significantly\nimproved efficiency during the preparation and production stages,\" Li said,\nnoting that the script development and post-production processes remained\nlargely consistent with traditional film and television workflows.\n\nDuring production, AIGC was used to generate visual assets for concept design,\nsets, props, and other art elements, which could then be directly turned into\nvideo based on the director's creative requirements. This simplified parts of\nthe traditional production process, including physical shoots and scene\ntransitions, while giving creators greater flexibility. For a key scene in\n\"The Ferry Man: The Dream of the Celestial Maiden\", AI generation also\nstreamlined a process that would traditionally involve months of visual\neffects and green-screen production, significantly improving production\nefficiency and making complex scenes more feasible to produce.\n\nLeveraging Digital Assets for Long-Term Value\n\nUnlike traditional productions, \"The Ferry Man\" series builds lasting\ndigital asset value through AIGC. The three lead actors licensed their\nlikenesses and provided their own voiceovers, with digital character assets,\nscenes, and props developed as standardized, reusable assets. These assets\nenable the upcoming third film to maintain visual consistency while\nsignificantly reducing production costs, establishing a scalable model for\nserialized content development.\n\nMarket Validation through Data-Driven Models\n\nThe commercial performance of \"The Ferry Man\" series further validates the\nviability of AIGC content as a financially sustainable production model.\nThrough iQIYI's revenue-sharing model, the series recovered its full\nproduction costs within the first week and surpassed RMB8 million in\ncumulative box office within the first month, with figures continuing to grow.\nThis rapid market feedback also enables producers to adjust subsequent\ncreative decisions in a timely manner, reducing the time and cost of\niteration.\n\nThe series also builds on iQIYI's continued exploration of long-form AIGC\nfilmmaking, following \"Mystic Tales - The Spider Lady's Vendetta\" — China's\nfirst AIGC internet feature film released under an Internet Drama and Film\nDistribution License.\n\niQIYI Press\npress@qiyi.com\n\n\nView original content to download\nmultimedia:https://www.prnewswire.com/apac/news-releases/iqiyi-aigc-series-the-ferry-man-exceeds-rmb-8-million-in-revenue-sharing-as-third-instalment-debuts-on-october-1-302897034.html\n\nSOURCE iQIYI\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS2001352/20261001223355EDT_image_1.jpg?id=OA2984255\nhttps://mmx.prnewswire.com/media/MS608184/iQIYI-New-Logo-Logo.jpg?id=OA2984256\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPNAlclx4a-20261002","title":"iQIYI AIGC Series \"The Ferry Man\" Exceeds RMB 8 Million in Revenue-Sharing as Third Instalment Debuts on October 1","author":"PR Newswire","ticker":"IQ","created":"2026-10-02T07:38:19.456Z","tickers":["IQ"],"exchange":"NASDAQ","article_body":"iQIYI AIGC Series \"The Ferry Man\" Exceeds RMB 8 Million in Revenue-Sharing as\nThird Instalment Debuts on October 1\nPR Newswire\n\nBEIJING, Oct. 2, 2026\n\nBEIJING, Oct. 2, 2026 /PRNewswire/ -- iQIYI, China's leading online\nentertainment platform, announced that the cumulative revenue-sharing, a\nmodel where production partners share earnings with iQIYI based on\nviewership, box office for its AIGC film series \"The Ferry Man\" has surpassed\nRMB 8 million (US$1.2 million) as of September 23, marking a new milestone for\nthe series. This comes as the third instalment, \"The Ferry Man: The Dream of\nthe Princess\", debuts on October 1 on iQIYI and iQIYI International.\n\n\nProduced by iQIYI and GHY Culture & Media, the series' first two titles, \"The\nFerry Man: Butterfly Dream\" and \"The Ferry Man: The Dream of the Celestial\nMaiden\", were released simultaneously on August 22 on iQIYI and iQIYI\nInternational, and quickly gained commercial traction, reflecting growing\nmarket confidence in iQIYI's AI-driven premium content.\n\nRooted in traditional Chinese culture, \"The Ferry Man\" is an established IP\nspanning long-form drama, online films, musicals, and short-form series,\nblending mythology, folklore, and contemporary themes. The new films use AI\nproduction to render classical Chinese philosophical imagery as cinematic\nworlds.\n\nRedefining Production Efficiency\n\nThe success of \"The Ferry Man\" series demonstrates a robust end-to-end AIGC\nvalue chain, one that successfully integrates production efficiency, market\nvalidation, and strong financial returns. By incorporating AI into its core\nworkflow, iQIYI has fundamentally optimized the filmmaking process.\n\nAccording to Zhichao LI, producer of the series, the first two films moved\nfrom project initiation to launch in less than four months. \"AI significantly\nimproved efficiency during the preparation and production stages,\" Li said,\nnoting that the script development and post-production processes remained\nlargely consistent with traditional film and television workflows.\n\nDuring production, AIGC was used to generate visual assets for concept design,\nsets, props, and other art elements, which could then be directly turned into\nvideo based on the director's creative requirements. This simplified parts of\nthe traditional production process, including physical shoots and scene\ntransitions, while giving creators greater flexibility. For a key scene in\n\"The Ferry Man: The Dream of the Celestial Maiden\", AI generation also\nstreamlined a process that would traditionally involve months of visual\neffects and green-screen production, significantly improving production\nefficiency and making complex scenes more feasible to produce.\n\nLeveraging Digital Assets for Long-Term Value\n\nUnlike traditional productions, \"The Ferry Man\" series builds lasting\ndigital asset value through AIGC. The three lead actors licensed their\nlikenesses and provided their own voiceovers, with digital character assets,\nscenes, and props developed as standardized, reusable assets. These assets\nenable the upcoming third film to maintain visual consistency while\nsignificantly reducing production costs, establishing a scalable model for\nserialized content development.\n\nMarket Validation through Data-Driven Models\n\nThe commercial performance of \"The Ferry Man\" series further validates the\nviability of AIGC content as a financially sustainable production model.\nThrough iQIYI's revenue-sharing model, the series recovered its full\nproduction costs within the first week and surpassed RMB8 million in\ncumulative box office within the first month, with figures continuing to grow.\nThis rapid market feedback also enables producers to adjust subsequent\ncreative decisions in a timely manner, reducing the time and cost of\niteration.\n\nThe series also builds on iQIYI's continued exploration of long-form AIGC\nfilmmaking, following \"Mystic Tales - The Spider Lady's Vendetta\" — China's\nfirst AIGC internet feature film released under an Internet Drama and Film\nDistribution License.\n\niQIYI Press\npress@qiyi.com\n\n\nView original content to download\nmultimedia:https://www.prnewswire.com/apac/news-releases/iqiyi-aigc-series-the-ferry-man-exceeds-rmb-8-million-in-revenue-sharing-as-third-instalment-debuts-on-october-1-302897034.html\n\nSOURCE iQIYI\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS2001352/20261001223355EDT_image_1.jpg?id=OA2984255\nhttps://mmx.prnewswire.com/media/MS608184/iQIYI-New-Logo-Logo.jpg?id=OA2984256\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-02T07:38:19.507647777Z","server_sent_at_ms":1790926699507},"received_at":"2026-10-02T07:38:19.558Z","source_url":null},"analysis":{"id":"147728","press_release_id":"159117","analysis_json":{"industry":{"label":"Entertainment","sector":"Communication Services"},"redFlags":[],"eventType":"product_launch","narrative":"iQIYI said its AIGC film series \"The Ferry Man\" surpassed RMB 8 million (US$1.2 million) in cumulative revenue-sharing box office as of September 23.\n\nThe first two titles recovered full production costs within a week of their August 22 debut, moving from project initiation to launch in under four months using AI production workflows.\n\nThe third instalment, \"The Ferry Man: The Dream of the Princess\", debuted October 1 on iQIYI and iQIYI International, with reusable digital character assets reducing production costs for serialized content.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"AIGC content proves out a low-cost, fast-payback production model, though the revenue milestone is too small to move the needle near-term."},"keyFigures":{"customDimensions":{"cost_recovery":"full production costs recovered within first week","cumulative_box_office_rmb":8000000,"cumulative_box_office_usd":1200000,"months_to_launch_first_two_films":"less than four months"}},"quotedText":"the series recovered its full production costs within the first week and surpassed RMB8 million in cumulative box office within the first month","namedEntities":{"people":[{"name":"Zhichao LI","role":"producer"}],"products":["The Ferry Man","The Ferry Man: Butterfly Dream","The Ferry Man: The Dream of the Celestial Maiden","The Ferry Man: The Dream of the Princess","Mystic Tales - The Spider Lady's Vendetta"],"companies":[{"name":"iQIYI","ticker":"IQ","relationship":"filer"},{"name":"GHY Culture & Media","relationship":"production partner"}],"dollarAmounts":[{"amount":"RMB 8 million (US$1.2 million)","context":"cumulative revenue-sharing box office for The Ferry Man series as of September 23"}]},"materialImpact":{"score":2,"reasoning":"A niche AIGC content milestone — RMB 8 million (~US$1.2 million) cumulative revenue-sharing box office is immaterial relative to iQIYI's overall revenue. It validates the AI-production strategy but is a promotional content release, not a financial disclosure."},"tickerRelevance":{"others":[],"primary":"IQ"},"globalImportance":22,"audienceRelevance":20,"eventTypeSecondary":["operations_update"],"importanceComponents":{"tickerTier":"mid-cap foreign issuer","eventGravity":"content milestone, immaterial revenue vs total","issuerAuthored":true,"retailFavoriteBoost":5}},"event_type":"product_launch","event_type_secondary":["operations_update"],"sentiment":"bullish","material_impact_score":2,"narrative":"iQIYI said its AIGC film series \"The Ferry Man\" surpassed RMB 8 million (US$1.2 million) in cumulative revenue-sharing box office as of September 23.\n\nThe first two titles recovered full production costs within a week of their August 22 debut, moving from project initiation to launch in under four months using AI production workflows.\n\nThe third instalment, \"The Ferry Man: The Dream of the Princess\", debuted October 1 on iQIYI and iQIYI International, with reusable digital character assets reducing production costs for serialized content.","key_figures":{"customDimensions":{"cost_recovery":"full production costs recovered within first week","cumulative_box_office_rmb":8000000,"cumulative_box_office_usd":1200000,"months_to_launch_first_two_films":"less than four months"}},"named_entities":{"people":[{"name":"Zhichao LI","role":"producer"}],"products":["The Ferry Man","The Ferry Man: Butterfly Dream","The Ferry Man: The Dream of the Celestial Maiden","The Ferry Man: The Dream of the Princess","Mystic Tales - The Spider Lady's Vendetta"],"companies":[{"name":"iQIYI","ticker":"IQ","relationship":"filer"},{"name":"GHY Culture & Media","relationship":"production partner"}],"dollarAmounts":[{"amount":"RMB 8 million (US$1.2 million)","context":"cumulative revenue-sharing box office for The Ferry Man series as of September 23"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-02T07:38:24.894Z","global_importance":22,"audience_relevance":20,"importance_components":{"tickerTier":"mid-cap foreign issuer","eventGravity":"content milestone, immaterial revenue vs total","issuerAuthored":true,"retailFavoriteBoost":5}},"durationMs":5322,"modelName":"glm-5.3-flashx"}}