What exactly does “IP”, which is often mentioned...

1.What exactly does “IP”, which is often mentioned in China’s entertainment industry, refer to?

IP was originally the abbreviation of the English phrase Intellectual Property.However, with the rapid development of the entertainment law industry, the continuous expansion of various sub-sectors in the industry, and the emergence of new media and copyright development models, IP has gone beyond the scope of intellectual property and has a new meaning in the field.In China, IP has become synonymous with commercial development activities that have the core competitiveness of the industry and related derivative rights of copyright.IP covers all fields of Chinese entertainment law and plays an important role.The concept of IP has evolved from film adaptations of famous novels to include many more categories in Chinese entertainment law such as television works,video games, variety shows, amusement parks, animation, copyright derivatives like the production and sale of goods, and more.(https://www.daowen.com)

The evolution of IP is complementary to the development of the industry.On the one hand, the development of the industry has provided favorable conditions for the emergence and development of IP.In the past,IP was mainly used in books, periodicals, online literature, movies, TV series, and peripheral goods, but now it has been extended to new fields such as video games, animation, cartoon, online macro movies, and online TV series.On the other hand, IP has created core competitiveness,driving the development of various industries and improving the level of copyright supervision, especially in the field of digital networks.The development of the industry promotes the awakening of copyright legal consciousness, and it makes the audience or competitors truly realize the value of the creation of works, and also recognize the importance that the compliant use of works in accordance with the regulations.