In fact, the practice of Renren Video is the same as that of most other third-rate websites, that is, the source of these movies and TV series is obtained through illegal channels, and then these excellent TV series at home and abroad are uploaded to a website, thus improving the click-through rate and turnover of the website. In fact, this practice is infringement. If you don't successfully obtain the copyright of this TV series or the qualification to play foreign TV series, there will be a certain risk of infringement.
When many foreign TV dramas are broadcast on a website, or you get video resources from a channel, the top of these TV dramas all say: I hope to delete them within 24 hours, and don't use them for commercial purposes, which also shows that these TV dramas have no copyright. I think TV dramas without copyright or some certificates are very risky. Everyone pays great attention to their creative rights. If they find videos or works on a website without their authorization, the creators will definitely take them to court.
To sum up, I think the copyright issue of Renren Video should be implemented, otherwise Renren Video can't announce the closure of the website. What's more, infringing videos also have the risk of claims. If the owners of these videos take Renren Video to court, then Renren Video can only compensate and apologize.