[citation needed] In 2003 the group conducted a feasibility study with a view to set up a new English channel.

[3] It renamed its Shanghai Broadcasting Network to Dragon TV and moved that channel's best-known English program "News at Ten" to Shanghai Television Business Channel and Dragon TV.

[5] The content of ICS News is distributed on mobile and internet platforms by US Company China Animation Partners, LLC.

[citation needed] On 2 October the Group hosted special concert to mark the 20th anniversary of South Korea and China's diplomatic ties, with performers including along Kim Jang-hoon, Super Junior-M and EXO-K.[6] The Walt Disney Studios and Shanghai Media Group Pictures signed a movie development agreement, before 6 March 2014 announcement, in which Chinese themes would be incorporated into Disney branded movies.

[7] Shanghai Media Group is the holding company of Yicai Global (China) (formerly known as China Business Network), which in addition to the TV channel also runs a magazine named CBN Weekly, a newspaper called CBN Paper, radio channel CBN Radio and a number of websites carrying the name.