LeEco to Invest Rs. 1,330 Crores on Content Aggregation in India: Report

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By Indo-Asian News Service | Updated: 8 August 2016 11:34 IST
A day after launching Super3 series of televisions, Chinese Internet conglomarate LeEco is likely to invest nearly Rs. 1,330 crores into media-entertainment industry for content aggregation, sources said in New Delhi on Friday.

LeEco is reportedly in discussions with the local content producers and international studios for content tie-ups and has started work towards developing in-house shows and formats.

According to LeEco, the SuperTV users will get access to about 2,000 full HD/HD movies from Hollywood and Bollywood, more than 100 satellite TV channels, 3.5 million songs (coming soon by a software upgrade) and more than 50 live concerts.

The company is likely to acquire more than 1,000-plus hours of content and might offer more than 15 HD channels as part of Le Live to its users.

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LeEco is also reported to introduce over 500 games in the next few months for its television sets and mobiles, eliminating the need for console gaming.

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The company recently announced the $2 billion acquisition of US smart TV manufacturer Vizio and is also rumoured to be exploring a content deal with the popular video streaming service Netflix.

 

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