Music has admitted illegal

July 17, we know from the relevant news, music Watch (300104.SZ) fell 9.75% on the basis of a decline, the afternoon limit down directly.

It is said that on the Internet TV and set-top boxes SARFT issued regulatory orders, one of which is required by the licensee for the Office of the investigation is a serious violation of Internet companies, we must not cooperate with him, and the so-called "serious Internet companies," in the final analysis is LeTV, SARFT informed seven integrated service licensee can no longer cooperate with LeTV, its business prospects, the market have a lot of doubt.

In response to the above news, LeTV network in the evening of July 17 announcement that the relevant media reports do not match the fact that the company is taking the initiative with CCTV on the cooperation of the Internet set-top box for violations of rectification, and to completely solve the license issue , It will actively apply for the license of Internet TV content jointly with the relevant units in the broadcasting and television system under the guidance of the policy of the regulatory departments of radio and television.

July 17 the same day, institutions choose to vote with their feet. The list shows that the first to sell is the institutional seats sold for 1.51 billion yuan; there is another agency sold 52.0361 million yuan.

"Lotto's license issue is very crucial." 17, a South China agency told reporters that the current situation is unknown, to avoid the risk is a more reasonable strategy.

Music as soon as possible to complete the rectification

According to the company's direct understanding of the regulatory authorities, LeTV and CCTV collapsed in the internet STB cooperation and required rectification. During the rectification period, other licensees except CCTV suspended the cooperation with LeTV until the rectification was completed and the other licenses after acceptance were continued Music Watch for normal cooperation. "Music Watch in the evening of July 17 announcement said in a statement.

LeTV explained that the company is currently actively cooperating with CCTV to rectify the existing problems in the cooperation with the Internet set-top boxes. As the LeTV 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 Efforts to complete the rectification as soon as possible to restore set-top box sales as soon as possible.

A person close to the music Watch said self-examination at the end of the 21, the rectification is to see the company reported the rectification report passed the time may be earlier than the 21 early in the rectification is completed, in addition to other than CCTV Licensing parties have to suspend the cooperation with the music.

"Although regulatory authorities have stopped issuing licenses for Internet TV broadcasts, they encourage qualified agencies to actively apply for Internet TV content service licenses." LeTV said that in order to completely solve the license issue, the company will actively work in the broadcasting regulatory authorities Under the guidance of the policy, to take independent or joint broadcasting and television system within the relevant units jointly apply for Internet TV content license.

A person who is familiar with LeTV looked after the clarification announcement of LeTV and said that the pessimistic expectation of this matter to the market lies in the fact that the market had never really valued the influence of regulatory authorities such as radio and television in the past when the stock price of music was rising. But now LeTV recognizes the tremendous influence of policy changes.

Under the pessimistic mood in the market, LeTV actively releases good news.

Some media said that LeTV will hold a press conference on "a certain cooperation" on Saturday and it is expected that there will be a settlement plan. However, 21st Century Business Herald reporter learned from informed sources, the "a cooperation" is not in response to the SARFT rectification and found a new partner, but with the joint real estate, real estate, contemporary home to jointly create a smart home ecosystem.

Let the LeTV stock price pressure in addition to the SARFT rectification, there are CEOs to the United States many days Jiaoting not news. This reporter has learned that Jia Yunting on June 1 went to the United States, has been in the United States. At the beginning of this week, LeTV released the latest status of Jia Yueting: Jia Yueting set up two subsidiaries in Los Angeles and Silicon Valley.

People close to the music network said that in the most recent month, he has basically conducted an important project inspection in the United States in the past month and will come back later this month.

"The news of the music video released by Jia Yueting relieved investors' worries to a certain extent and meant to take the CEO out of the market. However, at the moment, LeTV is not going back home and will continue to suppress the stock price. Some organizations think.

Institutions said the stock price hardly see the bottom

On the evening of July 17, LeTV said that the relevant regulatory requirements of regulatory departments, the core is to clean up non-standard operators, to comply with the development of the market-oriented industry, standardized requirements for the healthy development of the industry is good long-term, short-term market fluctuations avoid. 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.

But more institutions choose to avoid "short-term market volatility."

Wednesday, Music TV Mall box suspended sale, music video intraday limit. On the day the dragon and tiger charts showed that the four agencies spontaneously fled for about 300 million yuan. After midday on the 17th, music video limit down again. The list of the day shows that the agency again wantonly flee. The seats of the two agencies respectively delivered 151 million yuan and 52.03 million yuan.

From the sale of the amount of point of view, if the fund did not change the ownership of the first quarter, then sold for Invesco Great Wall domestic demand II, Invesco Plaza, domestic demand growth, Harvest quality enterprises, China stable four funds. However, Jingshun Department responded to reporters that it has been in the second quarter to reduce the stock, the selling of the past two days has nothing to do with them.

Shanghai, a long-term concern LeTV network agencies told reporters: "The overall judgment of long-term impact will not be particularly large, the key is to see the implementation of stringent policies and music Watch sure to find a solution. But in the short term policy risk is bound to Suppress the stock price. "

"Under the severe supervision of the State Administration of Radio, Film and Television, medium and long-term investment opportunities are no longer available." The agencies said.

After the second lower limit, a fund manager in Shenzhen told reporters: "Next, LeTV will continue to sell, now can not see when LeTV is the bottom, as a representative of the GEM, LeTV trend will even drag the entire business The trend of the board. "