2017 is a critical year for the webcast industry to return to reason，value precipitation and transformation orientation. This report has carried on the overall combing from the basic situation，the prominent question，the strict administration and the good governance three aspects. The study points out that in 2017，the network video broadcasting industry entered structural consolidation：the market and the scale of users remained stable growth，together with short video to build an audio-visual market，all kinds of resources to the head of the enterprise concentration，industry restructuring and mergers and acquisitions continued to deepen；The Internet celebrity economy was strong for the better；the three-rural video became the unique network phenomenon. In 2017，the policy and supervision for the industry continued to be high，the departments concerned “strict control” and “good governance” two ways，the vulgar，pornographic，extreme，fraud and other violations of the relevant legal system construction and multi-coordinated governance model towards maturity. In the future，“Live +” will be further infiltrated horizontally and vertically. It is urgent to explore more effective ways to realize business and enhance user stickiness.