Galaxy Securities: Optimistic about the long-term empowerment of AI video tools on the film and television industry.

Galaxy Securities pointed out that in recent years, the scheduling effect and the Matthew effect in the movie market have become more apparent. From the current Spring Festival schedule and the performance of third-party platforms, it can be seen that the audience still has a high acceptance and willingness to watch high-quality films. The 2026 Spring Festival holiday will last for 9 days, providing a more ample time window for the release of box office hits. Pay attention to the subsequent performance of the Spring Festival box office. In addition, ByteDance's video model Seedance2.0 has recently started internal testing, with significantly improved video generation capabilities, and is optimistic about the long-term empowerment of AI video tools for the film industry. Suggestions for investment include: 1) content manufacturers of key films in the participating schedule; 2) leading companies in the theater industry; 3) companies with outstanding film production and promotion capabilities.