In 2015, LeTV entered Hong Kong and established LeSports HK as the sole distributor of LeSports HK in Hong Kong, as well as exclusive rights to broadcast events such as Premier League and NBA in Hong Kong. However, several recent news reports of the capital chain break caused the LeTV Hong Kong to file for liquidation, attention.
In November of this year, LeTV Sports Hong Kong sold the entire media copyright of the 2018 World Cup in Hong Kong, with Li Zekai's Hong Kong Telecom PCCW holding more than 30 million U.S. dollars. Previously, the copyright price bought by LeTV Sports reached 70 million U.S. dollars.
In May this year, Music as a sports company was prosecuted in Hong Kong, accused of being in arrears 1.07 million Hong Kong dollar advertising costs.
Earlier this month, music as the sports layoffs 200 people.