This article employs Niklas Luhmann's 'Systems Theory' to examine the case of CatchPlay, in order to reveal its implication in the evolving Taiwan cinema industry. In this study five conclusions can be drawn: firstly, economic subsystem of the outside world, among other elements and influences, is most decisive particularly to Taiwan cinema industry. Secondly, the example of CatchPlay represents how the environment and system can work together to establish the internal structure and rules within a larger system. Thirdly, CatchPlay demonstrates that a new market player can now connect to its external environment and develop a unique form of system by adopting the two powerful forces, technology and capital in the system. Fourthly, the cause of profit achievement and financial leverage is very likely to force CatchPlay to become a close system of its own. And finally, CatchPlay's complex functional differentiation is not only echoing projecting the critical condition of a contemporary hypermodern society, but it is also providing a new source that the future Taiwan cinema can easily reference to.