Shulou(Shulou.com)11/24 Report--

CTOnews.com Sept. 8 news, Letv held an autumn communication meeting today. In response to the rumors that Letv survived by Zhen Huan and rent collection, Letv brand head Xia Xiaoyan responded that, in fact, Zhen Huan brought less than 5% of the income to Leeco, accounting for less than 2% of the new income brought by Le Rong. Last year, rent accounted for only 6% of Leeco's income. Lerong Zhixin is a subsidiary of Leeco, which has a stake of 25.1%, making it the second largest shareholder.

In terms of content, in addition to the Legend of Zhen Huan, Letv also has classic dramas such as Legend of Miyue, Bai Luyuan and Red Sorghum. According to Xia Xiaoyan, Letv has 29 new TV dramas, 207film library dramas, 144films and 62 animations in the first half of 2022. "there may still be a certain gap with the head video platform, but we have also found our own position-classic dramas."

As for rent, Xia Xiaoyan said that half of the Lerong Building in Letv's headquarters is now for self-use and the other half is for rental. But the rental part, the occupancy rate is not high, only half is rented out, the other half is actually empty. It is worth mentioning that Lerong Mansion was auctioned for 573 million in November last year.

Letv also talked about the current operation at the communication meeting. There are still more than 400 employees. Letv has never owed wages and has good cash flow in the past five years.

CTOnews.com learned that in July this year, it was exposed on the Internet that Letv employees were living an immortal life without a boss, causing heated discussion. Letv said that "no 996" is true and there will be none in the future, but Letv believes that the statement is too absolute for rumors such as "no inner volume" and "living a fairy life without a boss". The relevant person in charge of Leeco also said that Letv Video and Letv TV have their own members and advertising revenue, Letv Video currently has MCN and Mini Program income in cooperation with other third parties, and Letv TV has intelligent hardware income. The Zhuan of Zhen Huan brings a very low proportion of revenue to Letv.

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