Music as Sports signed a 4-year F1 new media exclusive rights to broadcast

Zhang Yun Liu Baoqiang

Noon yesterday, a message circulated between the circle of friends: Music as Sports there will be a major event. Deputy general manager of MTV Zhang Tei confirmed to the "First Financial Daily" that LeTV Sports signed a 4-year exclusive rights to the F1 new media, but the specific amount was not disclosed.

Zhang said that this is a day-to-day business agreement, and the signing of the copyright of a drama is the same type of business, do not need to announce each business.

According to the relevant provisions of the CSRC, huge amounts of contracts and agreements signed by listed companies should be promptly disclosed, and should not be disclosed to anyone until the disclosure of the designated disclosure media is disclosed. However, this requirement is subject to the definition of major contracts and the regulatory documents No specific rules and regulations have been made, so it is inconclusive whether the non-compliance disclosure has been made.

Yesterday evening, LeTV released another announcement - due to the planning of non-public issue of shares, the company's shares and bonds have been suspended since the opening of this (July 28) day.

As early as July 17, the stock price fell over 20% for three consecutive days, LeTV, has announced an emergency suspension and held an investor briefing on 18 July. In response to the broadcasting and television will introduce a stringent policy to strengthen the regulatory band music The impact of coming. A Beijing-based private equity firm said that from this perspective, the music video this suspension may not be the other assets into the music. Because if the other assets into music, it is certainly the lower the price the better, so the assets loaded in exchange for more shares.

SW analysts said that in the long run, policies tightened, supervision strengthened, the shackles of smart TVs to increase for the development of smart TV market is a retrogressive, pessimistic point of view, or cause the industry to become smaller cake.