(Yicai Global) Sept. 27 -- Dongyang Blank Film & Television Culture Co. has completed Round-D of financing of USD22.7 Million (RMB150 million) with its lead investor Matrix Partners China.

 Blank Film & Television's valuation has now reached RMB1.5 billion, iheima.com reported Sept. 26.

Formed in 2014, Blank Film & Television targets young audiences and develops TV and internet series and super network series. Its business includes film and television project production and investment, artist brokering, intellectual property operation, strategic investment and other sectors. The company is committed to changing the content of its productions and is introducing a tiered system to generate an excellent production team and, by linking fund investment, forge the industry's leading emergent drama company.

Blank Film & Television has successfully developed several film and television projects and completed the integration of its IP brokerage team in the first half of this year, and thus will hold exclusive or preferred agency rights to many top cross-platform writers and dozens of outstanding authors, and a reservoir of over 100 intellectual property rights.

It is further upgrading its consumer content in the face of ever-escalating user demand, especially in film and television, said Wang Huadong, managing partner of Matrix Partners China.