Wang Hailin: iQiyi, Youku and Tencent Video have spent 100 billion yuan in ten years, eliminated the audience and cultivated a generation of brain-dead people

According to a recent report by the E-Commerce Newspaper, iQiyi, Youku, and Tencent Video have burned through more than 100 billion yuan in the past decade and are still in a loss-making predicament, making it difficult to make a profit. Among them, iQiyi suffered a net loss of 4.4 billion yuan in the first three quarters of 2021, and was recently exposed to large-scale layoffs.

Well-known screenwriter Wang Hailin pointed out in the comments section below the Weibo post that in the past ten years, the industry has not been upgraded. 100 billion has not produced any excellent works. Instead, it has "eliminated the audience, cultivated a generation of idiots, and the key is that it still loses money."

A highly praised comment also complained that although 100 billion yuan was burned in ten years, the movies and TV series nowadays are far worse than those ten years ago. Another netizen said: "More than 90% of the people who click on iQiyi, Youku and Tencent Video don't want to watch... You may not be able to finish watching them after being picky." Some netizens even expressed dissatisfaction, so in a sense, this also shows that the three major platforms have ruined China's film and television culture?