LeTV responded by relying on "The Legend of Zhen Huan" to survive

Recently, Weibo blogger @Fenng shared a cold knowledge: There are still more than 400 people left in LeTV, many of which are old employees of more than five years. These old employees said that "happiness is the reason for many old LeTV people to stay."


Weibo blogger @MangoMama said that it turns out that LeTV still has more than 400 employees, and the employees live a fairy life "without a boss". The company has film and television copyright income such as "The Legend of Zhen Huan" and the rental of the building. Do not owe wages and social security.


LeTV said that "no 996" is true, and there will be no future, and it has never owed wages and social security to employees in the past five years. If one day, LeTV legally takes the lead in implementing a four-and-a-half-day, 36-hour workweek, everyone should not be surprised; for rumors such as "no introversion" and "living a fairy life without a boss", LeTV believes that the statement is too much absolute.


In addition, it also triggered discussions among netizens about "LeTV survives on "The Legend of Zhen Huan".


According to the daily economic news report, at noon today (July 13), the relevant person in charge of LeTV said through WeChat that LeTV Video and LeTV TV have their own membership and advertising revenue, and LeTV Video currently also cooperates with other third parties. Income from MCN, small programs, etc., LeTV TV has income from smart hardware, etc. "The Legend of Zhen Huan" brings a very low proportion of revenue to LeTV, and the specific data is still being verified.


In April of this year, it was reported that "The Legend of Zhen Huan" can bring more than 10 million yuan in revenue to Huaer Film and Television each year on average. In 2011, "The Legend of Zhen Huan" premiered on TV channels. After that, LeTV Video obtained exclusive broadcast rights on the Internet. Once broadcast, it became a phenomenal drama. In 2013, LeTV acquired Fanghuaer Film and Television, the producer of the play. It is reported that LeTV also owns the copyright of the US version of "The Legend of Zhen Huan".


In 2018, LeTV encountered a capital chain crisis, and Huaer Film and Television distributed the copyright of "The Legend of Zhen Huan" to Youku. Previously, LeTV Video official Weibo posted, "If the copyright is not sold by Huaer in 2018, LeTV will now have more blood, and LeTV Video can rest assured.

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