Digital streaming service LeSports has sold on its Fifa World Cup 2018 rights in Hong Kong at a significant discount as it plans to cease operations in the territory.
OTT operator LeSports’ latest financing round could be at risk if rights-holders take legal action over missed payments, TV Sports Markets understands.
Chinese internet company LeTV, which operates the Le Sports service, has acquired exclusive rights in Hong Kong for football’s 2018 Fifa World Cup, according to the South China Morning Post newspaper.
Chinese streaming operator LeSports will change its acquisition strategy to focus on premium content, chief executive Lei Zhenjian told TV Sports Markets this week.
Aggressive Chinese OTT operator LeSports has cash-flow problems, resulting in delays to payments for many of its deals.
Chinese OTT player PPTV pulled out of its deal for French Open tennis rights shortly before this year’s tournament began, TV Sports Markets understands.
Behind Le Sports’s huge Chinese Super League deal is a partnership that could shift the competitive balance of the Chinese digital market.
Major League Baseball’s three-year deal with Chinese internet operator Le Sports guarantees the league extensive coverage in China for the first time.
The Chinese digital market’s seemingly never-ending growth boosted another property last month, as the Ultimate Fighting Championship agreed a lucrative deal with PPTV Sports.
The ATP World Tour earned hugely improved terms in new deals covering China and India this month.
The Asian Football Confederation will enjoy a huge increase in the value of its rights in China in its new deal with Le Sports.
Chinese internet company LeTV Sports’s acquisition of English Premier League rights in Hong Kong is indicative of the company’s international ambitions.
China’s booming digital sports rights market has helped the Premier League, LaLiga and Uefa’s Champions League earn impressive returns in recent months from a historically difficult market.
Interview with Yu Hang, vice president of LeTV Sports, on the firm’s business model and the developing digital market for sport rights in China.
The value of Premier League internet rights increased hugely in deals in China, but the value of digital clips in the UK remained flat in this week’s deal with Sky.