Hongguo Duanju Denies 40 Billion Yuan Annual Revenue, Says Most Revenue Continues to Fund Creator Revenue Sharing, Copyright Minimum Guarantees and Premium Content Support

October 27: The official account of Hongguo Duanju (红果短剧) issued a statement saying that claims have appeared in a concentrated manner online, such as "Hongguo Duanju's annualized revenue is approaching 40 billion yuan" and "Hongguo Duanju's revenue this year will reach 42 billion to 45 billion yuan." Upon verification, the above revenue figures are inaccurate. The so-called "institutional data," "industry data" and "expert forecasts" in the content circulating online are not official information, and the comparisons, calculations and extended interpretations made on that basis have no factual foundation. Please do not spread false information. At present, most of Hongguo Duanju's revenue continues to be used for content creator revenue sharing, copyright minimum guarantees and support for premium content, growing together with partners in the short drama industry.