LeTV to Acquire Le Vision Pictures

LeTV, 12/06/14

Chinese online video and Internet TV content provider LeTV (Leshi) (300104.SZ) has announced that it will acquire its affiliate TV and film production company Le Vision Pictures. LeTV had originally intended for Le Vision Pictures to operate independently and eventually file for an IPO.

According to a film and television industry source, LeTV will look to more vertically integrate its product offerings through the acquisition, with Le Vision Pictures providing content resources and existing subsidiaries LeTV.com and Leshi Zhixin serving as its online video platform and smart hardware manufacturer, respectively.

Editor's Note: For more background on this topic, please see "LeTV: No Plan to Purchase Le Vision Pictures" MD 8/14/13 issue.

Keywords: film production Leshi Zhixin television LeTV Internet TV 300104.SZ Leshi Le Vision Pictures M&A TV content production Internet

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