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James Porteous

The reason LeSports will not be broadcasting the English FA Cup final in Hong Kong is because it defaulted on a scheduled payment, the sports broadcasting rights company involved claimed.
LeTV, the television arm of troubled Chinese company LeEco, shocked Hong Kong football fans this week when it announced it would not be showing the game, citing “programme adjustments”. TVB has since stepped in to air the match.
“The only reason why LeTV didn’t broadcast the FA Cup Final is their payment default,” claimed a source at MP & Silva, a leading international media rights company.
“Despite having been granted several payment reductions and payment referrals, LeTV didn’t comply with promises they made in the last couple of months.
Relief for Hong Kong football fans as TVB steps in to ensure FA Cup final will be broadcast live
“In a last attempt to get access to the TV signal of the FA Cup Final, LeTV promised to deliver a bank guarantee, but failed to comply with this promise as well.

“In order to avoid the Hong Kong TV audience having to pay the price for LeTV’s failure, MP & Silva granted free-to-air rights to TVB for a symbolic fee.”
A spokesperson for LeSports in Hong Kong said the company had “no further comment or information” on the matter.
Hong Kong football fans won’t be able to watch FA Cup final legally as troubled LeEco’s sports channel abandons coverage
LeSports’ move prompted anger among subscribers. The company said it would compensate affected users by offering them a three-month free subscription to their ‘Super Sports’ package.
Democratic Party lawmaker Andrew Wan has Siu-kin has called on the Hong Kong Customs to investigate whether LeTV was in violation of the Trades Descriptions Ordinance.
“This is not an isolated error,” said Wan. “[LeTV] has been ‘selling dog meat disguised with a goat’s head’ for a long time now.”

We won’t die, says LeSports ... but plenty will trying to crack the Chinese sports market
LeSports announced on Friday that it had secured funding valuing the company at 24 billion yuan (US$3.5 billion).
Parent company LeEco has been suffering a cash crunch after rapidly expanding from online streaming into TV sets, smartphones, and even electric cars.
It laid off about 70 per cent of its US workforce last week, just days after founder Jia Yueting resigned as chief executive.
LeTV paid a remarkable US$400 million to broadcast the English Premier League in Hong Kong and has been snapping up TV rights all over the world.
But in February this year it was stripped of the rights to Asian Football Confederation matches after defaulting on a payment; it reportedly almost suffered the same fate over EPL matches in December.


Jia Yueting’s Leshi, ‘China’s Netflix’, delists from Shenzhen exchange with a final market cap down 99.6 per cent from its peak

Video streaming provider Leshi, once touted as a Chinese tech titan, edges closer to delisting after reporting huge losses for third straight year

They founded three hot tech companies, but now they’re on a country-wide blacklist

LeEco

LeSports failed to pay us to broadcast FA Cup final in Hong Kong, claims rights distributor

Arsenal take on Chelsea in the FA Cup final on Saturday night.

Promotion girls from LeEco Booth is seen at Hong Kong Computer and Communications Festival 2016 at Hong Kong Convention and Exhibition Centre (HKCEC) in Wan Chai. 19AUG16 SCMP / Jonathan Wong

***ONE TIME USE ONLY, PLEASE CLEAR THE COPYRIGHTS BEFORE RE-USE - OTUO*** Jia Yueting, co-founder and head of Le Holdings Co Ltd, also known as LeEco and formerly as LeTV, unveils an all-electric battery "concept" car called LeSEE during a ceremony in Beijing, China April 20, 2016 Photo: SCMP

Hong Kong football fans won’t be able to watch FA Cup final legally as troubled LeEco’s sports channel abandons coverage

Chelsea celebrate winning the Premier League, but fans in Hong Kong won’t be able to see them try to secure the double. Photo: Xinhua

(L-R) Hong Kong Football Association CEO Mark Sutcliffe; VP of Le Holdings Asia Pacific Executive President Tin Mok; English Premier League Chief Executive Richard Scudamore; CEO of Le Sports Lei Zhenjian; Danish retired goalkeeper Peter Schmeichel; and CEO of Le Sports in Hong Kong Cheng Yizhong, attend Letv Sports press conference announcement their broadcast rights of English Premier League at the Crowne Plaza Hong Kong Kowloon East in Tseung Kwan O. 22SEP15

Jia Yueting, co-founder and head of Le Holdings Co Ltd, also known as LeEco and formerly as LeTV, unveils an all-electric battery "concept" car called LeSEE during a ceremony in Beijing, China April 20, 2016. REUTERS/Damir Sagolj

Relief for Hong Kong football fans as TVB steps in to ensure FA Cup final will be broadcast live

Antonio Conte and Arsene Wenger go head to head on Sunday. Photos: AFP

Financially troubled LeEco cuts 70pc of its US workforce

LeEco CEO Jia Yueting, left, and Nick Sampson, Faraday Future's senior vice president of product research & development, shake hands after unveiling the FF91 electric car at CES International Tuesday, Jan. 3, 2017, in Las Vegas. (AP Photo/Jae C. Hong)

LeEco started out in 2004 as a Netflix-like video streaming site in China but quickly expanded into hardware, manufacturing its own smart televisions and smartphones. Photo: Reuters

LeEco says interrupted English Premier League coverage not down to reported ‘default’ in broadcast rights payments

Chelsea's Eden Hazard (L) vies for the ball during the team’s 3-0 win against Bournemouth on December 26. It was one of six EPL games broadcast by LeSports HK to suffer an interruption in coverage. Photo: EPA

LeEco’s sports streaming arm LeSports valued at 24bn yuan after raising capital

LeSports stated that it will not be screening the English FA Cup final between Chelsea and Arsenal on its channel on Sunday due to a ‘programme adjustment’. Photo: K.Y. Cheng

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MP & Silva says it offered company every opportunity to ‘comply with promises’ before giving rights to TVB for ‘symbolic fee’


LeSports failed to pay us to broadcast FA Cup final in Hong Kong, claims rights distributor

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}MP & Silva says it offered company every opportunity to ‘comply with promises’ before giving rights to TVB for ‘symbolic fee’

MP & Silva says it offered company every opportunity to ‘comply with promises’ before giving rights to TVB for ‘symbolic fee’