2025年11月14日，天津銀河酷娛文化傳媒有限公司迎來成立以來最劇烈的股權與管理層震盪。短短一天之內，多家曾深度參與公司運營的投資機構集中退出，其中包括上海雲鋒新呈投資中心與北京創時信和科技有限公司等五家法人股東，累計撤出的持股比例超過公司近三分之一。這些機構過去曾是銀河酷娛的重要資金來源，其中兩家核心投資方各自持有12%以上股份，退出後，意味著銀河酷娛原本的資本結構在瞬間鬆動，直接動搖公司的控制權與運作基礎。

與此同時，北京大魚快樂文化傳媒有限公司的持股比例從原本的20%大幅提升至 48%，正式成為新的控股股東。大魚快樂與阿裡大文娛有密切關聯，這也象徵銀河酷娛的實際控制權已經完全轉入阿裡系旗下。對外界而言，這不只是一次普通的股權調整，而更像是阿裡對一家面臨崩解的公司進行資產重組，把仍具商業價值的部分納入自己的娛樂生態。

股權的劇烈變動同時伴隨管理層的大幅撤換。公司多名董事與高層管理者在同日卸任，包括長期掌握公司營運方向的夏曉燕與李新宇等人。這些人事變化使銀河酷娛原本的治理架構瞬間瓦解，形同全面重組，外界普遍認為這代表舊團隊正式退出舞臺，而新控制方將重建管理體系。

事件真正的風暴中心，則與知名藝人趙露思的解約風波密切相關。早在2025年8月，趙露思便公開指控銀河酷娛拖欠賠償、挪用工作室資金，甚至提到遭公司人員酒後施暴的衝突。這些爆料引起大眾激烈討論，也使銀河酷娛的企業形象受到嚴重損害。幾個月後的11月8日，她在生日會上正式宣佈成立新工作室，並於11月9日由新工作室官微刪除所有「銀河酷娛」標識，象徵雙方關係徹底斷裂。這次官宣也被視為她與舊公司正式完成法律與實務上的切割。

在趙露思離開後，銀河酷娛的營運狀況迅速惡化。外界一直知道公司高度依賴她作為主要收入來源，雙方合作超過五年，她的作品如《傳聞中的陳芊芊》等也確實讓公司獲得巨大商業利益。然而靠單一藝人支撐企業本身便已風險極高，當趙露思選擇解約，原本就已經不穩的資金鏈立即斷裂，導致公司業務大幅停擺，被業界形容為實質性的倒閉。最終，公司剩餘的資產與債務進入阿裡系的虎鯨文化娛樂，由後者接手與消化所有後續法律與商務責任。

若回顧背景，銀河酷娛曾因《火星情報局》等網路綜藝打造出一定知名度，也因旗下推捧趙露思而在娛樂產業中佔有位置。然而從2024年底起，趙露思因健康問題先後停工並確診重度憂鬱與焦慮，之後與公司的矛盾加速升溫。在這些因素同時發酵的情況下，銀河酷娛原本就積累已久的經營隱患被全面引爆，最終形成今天這場集股權崩裂、管理層出走、藝人解約與資本接管於一身的企業震盪。

整起事件也不只是娛樂圈的一則糾紛，而是一場牽涉資本運作、藝人管理、公司治理與公眾輿論的複合式危機。銀河酷娛以劇烈方式退出舞臺，而阿裡系的正式介入，宣告中國娛樂產業在資本整合與藝人管理模式上的又一次重大洗牌。

On November 14, 2025, Tianjin Galaxy Cool Entertainment Media Co., Ltd. experienced the most dramatic upheaval in its corporate history. Within a single day, the company’s shareholding structure and management team underwent sweeping changes, signaling that the firm had entered an irreversible period of collapse and restructuring. Several long-time institutional investors, including Shanghai Yunfeng Xincheng Investment Center and Beijing Chuangshi Xinhe Technology Co., withdrew simultaneously. In total, five institutional shareholders exited, removing more than 29 percent of the company’s equity. The two largest institutions had each held over 12 percent of the shares, meaning their departure instantly destabilized the company’s capital foundation and diluted the influence of the original controlling group.

As these investors withdrew, Beijing Dayu Happy Culture Media, a company tied to Alibaba Pictures and the broader Alibaba Entertainment ecosystem, increased its stake dramatically from 20 percent to 48 percent. This shift effectively transferred control of Galaxy Cool Entertainment to Alibaba. Rather than a simple corporate reshuffle, the move resembled a full-scale acquisition of a failing asset. To industry observers, it appeared clear that Alibaba was stepping in to take over the remaining viable resources of a company already on the verge of shutting down.

The corporate shake-up extended beyond ownership. Several board members and senior executives resigned simultaneously, including long-time operational heads such as Xia Xiaoyan and Li Xinyu. Their departure dismantled the company’s previous governance structure, leaving a vacuum that the new controlling party would inevitably fill. The exits marked the end of the old management era and signaled that Galaxy Cool Entertainment would be restructured from top to bottom.

At the center of the crisis stood actress Zhao Lusi, whose contract dispute had been building for months. As early as August 2025, Zhao publicly accused the company of withholding compensation, misappropriating funds from her studio, and even referenced an incident in which company personnel allegedly assaulted her while intoxicated. These accusations triggered widespread public outrage and inflicted significant reputational damage on Galaxy Cool Entertainment. On November 8, Zhao announced at her birthday event that she had established a new studio and joined Beijing Yi’er Sansi Cultural Technology Co. The following day, her studio’s official account removed all references to Galaxy Cool Entertainment, confirming her complete legal and professional separation from the company.

With Zhao’s departure, the company’s already fragile operations collapsed rapidly. For years, Galaxy Cool Entertainment had relied heavily on her as its primary revenue driver. Their five-year collaboration, built on popular titles such as The Romance of Tiger and Rose, had brought the company considerable commercial success. Yet such dependence on a single artist was inherently risky. Once Zhao terminated her contract, the company’s cash flow broke down immediately, forcing most business activities to halt. Industry commentators described the situation as a “de facto bankruptcy.” Ultimately, the remaining assets, debts, and contractual obligations were transferred to Orca Entertainment, another Alibaba-affiliated entity, which assumed responsibility for the aftermath.

To understand the full picture, it is important to recall that Galaxy Cool Entertainment had once enjoyed visibility in the industry thanks to online variety shows such as Mars Intelligence Agency. Zhao Lusi’s rise to stardom further elevated the company’s profile. However, beginning in late 2024, Zhao’s declining health—followed by diagnoses of severe depression and anxiety—caused her to step back from work. During this period, tensions between her and the company intensified, leading eventually to public accusations, legal battles, and a complete breakdown of their partnership.

In essence, this incident represents far more than a celebrity contract dispute. It is a multidimensional corporate collapse involving capital withdrawal, management disintegration, public scandal, and the rapid intervention of a major tech-entertainment conglomerate. Galaxy Cool Entertainment’s downfall marks yet another round of consolidation within China’s entertainment industry, while Alibaba’s takeover of the remaining assets reshapes the landscape of artist management and media production once again.