Letv responded that the licensee can no longer cooperate

Netease Technology News July 17 news, music Watch (SZ.300104) today for the "7 integrated services licensee side can no longer cooperate with LeTV network" announcement to clarify the announcement, LeTV said with the exception of CCTV outside the six license only Suspension of cooperation, rectification and reform will continue to cooperate. LeTV said that the new policy of broadcasting will not change the company's business model in the long run.

Press and Publication The SARFT recently met with the leaders of the Central Taiwan's Three National Taiwan Stations (CCTV, Guoguang and YGC) and the four major TV stations in Guangdong, Zhejiang, Hunan, Shanghai and the local bureaus respectively to discuss the problems and rectification of current Internet TV management and operation Direction and time made a clear request. Media reports said that LeTV was criticized by SARFT for its name. The Administration has verbally informed the seven integrated service licensee parties that they should no longer cooperate with LeTV.

For this music released a four-point statement:

1, the relevant media reports do not match the facts, according to the company to regulators direct understanding, music and CCTV Internet STB there is a violation of cooperation and rectification requirements, during the rectification period except CCTV other licenses to suspend cooperation with the music as the rectification is completed And after acceptance, the other licensees will continue normal cooperation with LeTV.

2. The Company is now actively cooperating with CCTV to rectify the irregularities in the cooperation of the Internet set-top boxes. As the music mall has stopped the sales of internet set-top boxes, the rectification plan formulated by both parties has been completed and is being submitted to the regulatory authorities. The Company will work hard with Fastest speed to complete the rectification As soon as possible to restore set-top box sales.

3. Although regulatory authorities have stopped issuing licenses for Internet TV broadcasts, they will encourage qualified agencies to actively apply for Internet TV content service licenses. Based on this, in order to completely solve the license issue, the Company will actively apply for licenses for Internet TV content jointly with relevant entities in the broadcasting and television system under the guidance of the policy of the regulatory departments of radio and television.

4, the relevant regulatory requirements of the regulatory department, the core is to clean up non-standard operators, to adapt to market development of the industry, standardized requirements for the healthy development of the industry is good long-term, short-term market volatility is inevitable. The regulatory authorities' policy release will not change the music business model in the long run and will benefit the long-term development of the company with a large amount of genuine content.

Yesterday, the music video was smashed plate, afternoon limit, the closing down 9.75%. Today limit, to close at 32.65 yuan / share. (Easy to Branch)