ã€World Wide Web Reporter Lin Di】According to the foreign media Hollywood Reporter report, China Le Vision’s crisis has brought long-lasting pressure on Le Vision Pictures in the United States. It was led by China’s LeTV and the former Paramount Pictures and DreamWorks president Adam Goodman formed a joint venture to jointly produce the film "Great Wall" starring Matt Damon.
It is reported that LeTV’s parent company Letv Ecology’s crisis has further deepened on Tuesday, and the Shanghai court has frozen Jia Yueting’s couple and LeTV’s three companies, with as many as 1.2 billion assets.
According to foreign media reports, the latest development shows that the billions of dollars recently raised by LeEco are not enough to stop its downward trend. It was once said that "LeTV will compete with Apple and Tesla on the world stage." Jia Yueting now admits that LeTV's financial crisis "is far worse than previously expected."
According to Forbes, Jia Yueting ranked the 37th among the richest people in China in 2016. Today, there are only billions of net worth.
Jia Yueting founded Letv Ecology in 2004. LeTV is an Internet video service that became an early market leader and was once known as “China Netflixâ€. The company then branched out into content creation to provide online services, actively gain local and international sports rights, and launched LeTV Film, with the support of Zhang Yimou, the industry's leading film producer, and Zhang Qian, the producer.
Jia Yueting is determined to be the world's leading manufacturer of equipment, from smart phones, smart TVs to smart cars, even to the video screen and laser technology of bicycles. His desire to create a content-centric vision is that no matter what the consumer's scenes, he is exposed to LeTV's products - at home, on the road, on the palm, and not always providing LeSmo's products and services. .
However, this huge crisis seems to have also been foreshadowed by Jia Yueting's bold investment.
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