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Hongguo Short Drama refutes annual revenue rumors 40000000000, stating that most revenue continues to be used for revenue sharing with content creators, copyright guarantees, and support for high-quality content
PANews October 27 reports that the official Hongguo Short Drama account issued a statement: Claims have recently circulated online that “Hongguo Short Drama’s annualized revenue is nearing 40000000000 yuan” and “Hongguo Short Drama’s revenue this year reached 42000000000 to 45000000000 yuan.” Upon verification, the above revenue figures are false. The purported “institutional data,” “industry data,” and “expert estimates” in the online content are not official information, and comparisons, calculations, and extended interpretations based on them likewise lack a factual basis. Please do not spread false information. At present, most of Hongguo Short Drama’s revenue continues to be used for revenue sharing with content creators, copyright guarantees, and support for high-quality content, growing together with partners in the short-drama industry.
Source: https://www.panewslab.com/zh/articles/01a17d47-a10e-77d3-93f8-6ebb10a77f2b