ByteDance pays $100M to snap up anticipated movie after cinemas cancel run following virus outbreak

www.hollywoodreporter.com

ByteDance is a lot more than just short videos as this deal explains. 'Lost In Russa' is the latest in a popular movie series but, after the Coronavisa outbreak, its cinema run was canceled. ByteDance smartly snapped the film up and it plans to show it online for free. As Hollywood Reporter likened it to "Disney deciding to open the paywall to Disney+ and release a new Avengers movie for free."

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