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A new webinar has taken place in the new online platform MIA Digital where independent distributors-exhibitors have exchanged ideas and experiences on how creatively responding to cinemas closure.

The company has arranged to pay $400 million for a minority stake in the Chinese online entertainment platform, whose stock is traded in ADR form in the U.S. on the NASDAQ exchange, at $23.1 per share. Before Bilibili announced its ADR shares, it finished trading on Wednesday at $26.20 a piece. The deal with Sony will increase the platform's value to $8 billion.

According to a report from the Securities and Exchange Commission, the estimated number includes all paid subscriptions for Hulu, including Hulu with limited ads, Hulu with no ads, and Hulu with Live TV.

That decision comes after CBS announced that its S-4 registration form had been declared effective by the Securities and Exchange Commission, and that the merger plan has been approved by National Amusements, Inc., which holds majority stakes in both groups.