LeTV once again denied giving up TV business saying that production is recovering

A few days ago, a report surfaced claiming that LeTV would abandon its TV business. This news immediately sparked discussions among users and industry observers. In response, a spokesperson for LeTV addressed the rumors in an interview with reporters, stating that the claim was "seriously false" and lacked any factual basis. The spokesperson emphasized that "Super TV remains one of the core businesses of New LeTV." Despite this denial, LeTV has faced repeated speculation about discontinuing its TV services over the years. There were even reports suggesting that some TV factories had been shut down, but all such claims were quickly refuted by the company. Whether it's Sun Hongbin or other insiders within LeTV, they have consistently reaffirmed that TV is a crucial part of the company’s future strategy. Earlier this year, Sun Hongbin expressed confidence in LeTV’s direction, stating that the company aims to build a new ecosystem combining television, entertainment, and digital content. Since the start of 2024, LeTV has undergone significant transformations, including changes in ownership, leadership, and strategic focus. A month ago, the company officially rebranded as "New LeTV," aiming to become a leader in the cultural consumption revolution powered by home internet technology. Over the past six months, the company has refined its concept around "platform + terminal + content + application." Under this new strategy, TV services are at the top of the priority list, with a strong emphasis on leveraging large-screen advantages, content creation, and open content strategies, supported by internet financial services. LeTV also confirmed that it never stopped production entirely, though there had been a temporary reduction. The company has been negotiating with new TV manufacturers to resume full-scale operations. Recently, when news emerged that LeTV would abandon the TV business, the company swiftly responded to clarify the situation. LeTV stated that since the launch of Super TV, it has continued to lead the market with its innovative large-screen ecological model, high-end specifications, and cutting-edge design, winning widespread consumer approval. Looking ahead, the company vows to stay true to its original mission and continue moving forward. In recent weeks, LeTV executives have met with key partners in logistics, delivery, and after-sales services for Super TV, signing several strategic cooperation agreements. These efforts signal a renewed commitment to improving customer experience and strengthening supply chain relationships. According to an insider from New LeTV, "Production is gradually recovering, and various restoration projects across the industry chain are underway. Regaining the trust of partners and users is a top priority. Restoring the brand image, rebuilding user confidence, and reviving the supply chain and distribution channels will take time. Currently, the team is focused on preparing for the company's normal operations next year." While LeTV's current TV production and sales have indeed declined compared to last year, whether it can fully recover depends largely on market response and consumer support.

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