Letian Entertainment is a multimedia company engaged in film and television production, film distribution and cinema operations. In its four years of operation, annual growth is over 70%, and share value increased 660%. Letian’s parent company, Hunan Broadcasting System (HBS) is the second largest broadcast network in China. HBS currently owns four satellite TV channels, eight terrestrial TV channels, eight radio channels and 43 enterprises. To leverage its platform, content and audience advantages, HBS has been involved in a wide variety of businesses, including cable TV networks, venture capital investment, talent brokerage, movie and TV drama production and distribution, cultural performances, real estate and hotels, conventions and tourism. In 2012, the total revenue of HBS amounted to $2.6 billion USD.