My Website Is About to Go Bankrupt

Fang Yang, a struggling bar singer, soul-transferred into a parallel universe where he inherited a dying website and a music academy, graduating from a student who lost both parents. He revived th...

Chapter 189, /.

In the morning, Fang Yang met up with Zhu Laosan and gave him the sheet music. After taking the sheet music, Zhu Laosan asked, "Xiao Yang, when are we going to record it?"

Fang Yang thought for a moment, "How about we record this afternoon? That way we can give you more time to work together."

Zhu Laosan nodded, "Okay, you can come and record anytime this afternoon. I'll practice a bit here first."

After saying goodbye to Zhu Laosan and returning to his office, he saw Yang Huajin making tea at the coffee table. He couldn't help but walk over and say with a smile, "Uncle Yang seems to be in a good mood today. Is something good coming your way?"

Yang Huajin smiled and said, "There is good news. Do you still remember our Dadi Cinema in Shanghai?"

Fang Yang laughed and said, "How could I not remember? It's one of the top five cinemas in the country. I used to go to their cinemas all the time. What's up? Is it related to Dadi Cinema?"

Yang Huajin poured Fang Yang a cup of tea. "Dadi Cinemas has more than 2,200 cinemas across the country, covering all cities nationwide, with a market value of more than 20 billion yuan. This time they have encountered trouble and want to sell the cinemas to withdraw funds to replenish working capital."

Fang Yang exclaimed in surprise, "With such substantial funds and backed by Dadi Real Estate Company, why would Dadi Cinema be thinking of selling it off?"

Yang Huajin shook his head: "It's possible that Dadi Group developed too fast in the past few years, borrowing heavily to develop other industries. Now the country is tightening lending to the real estate industry, which has caused Dadi Group's capital chain to break. Banks are demanding that they repay their due debts and temporarily cut off new loans. Dadi Group's debt ratio is as high as 105%, and it has long been insolvent. In order to seek funds, it has no choice but to cut its losses and sell off its assets."

Fang Yang clicked his tongue in astonishment: "Dadi Group really dares to play this game. Aren't all their real estate projects across the country going to have to be suspended and rectified?"

Yang Huajin: "It's not just a construction stoppage issue. So many homebuyers across the country are demanding refunds and cancellations. The situation has escalated to the point that we've been summoned by higher authorities and are required to resolve the handover issue as soon as possible. As a result, Dadi Group has no choice but to liquidate its assets. However, most of the projects it bought in the past few years have become non-performing assets. There are only so many high-quality assets left. The cinema market isn't doing very well right now, so Dadi Cinemas has become one of the first assets to be liquidated."

Fang Yang: "So their plan is to first gather some funds, revitalize a few properties, and then invest the funds from revitalizing the properties in other properties. This way, the assets can indeed be revitalized. But will banks and investors give them that time?"

Yang Huajin: "This would require the government to step in and convene a tripartite meeting, since everyone is here to get out of this mess, and the chances of reaching an agreement are relatively high. As for Dadi Group, it would first need to gather some funds as a deposit, because without money, nothing can be done!"

Fang Yang laughed and said, "This is the pledge of loyalty. The key is that Dadi Cinemas has been operating for five or six years, covering more than 2,200 cities. The total investment is only more than 20 billion yuan. After so many years, the depreciation is also a considerable expense. We need to hire a professional appraisal team to take a look at its current actual value and what its transfer price is."

Yang Huajin: "I specifically consulted with senior people in the industry. Generally speaking, cinemas need major renovations every one to five years. Given the current situation of Dadi Cinemas, its actual value is less than one-tenth. Only those who want to hold onto the cinema chain as soon as possible will participate in the auction. Currently, the cinema chain is not doing very well, and the willingness to invest in cinema chains is not very strong. If you want to make a move, you can buy it for less than 2 billion yuan at most!"

Fang Yang nodded. "In that case, you organize a professional team to evaluate Dadi Cinemas, especially their financial structure. We can take over, but we also need to be careful not to get caught in a financial vortex. We just want a clean cinema chain."

Yang Huajin frowned and said, "There is a problem here. Once we invest the money, the funds in the account will be basically exhausted. If any unexpected events occur, I'm afraid the company will immediately face the risk of a broken capital chain."

Fang Yang waved his hand and said, "Uncle Yang, there's no need to worry about that. You need to know that the risk of a broken capital chain refers to the situation when we have to repay external debts. Our company's funds are all our own funds. At most, we will be in a period of financial strain. Moreover, we don't have any major investments at the moment. The funds for several dramas have already been transferred into a special account. Right now, our funding needs are only for salaries, so there's no need to worry about that!"

Yang Huajin let out a breath, "That's true, I hadn't thought of that either. As for the salary, there shouldn't be any problem keeping the money in the account for a few months."

Fang Yang: "Then there's no problem. 'Calabash' has been generating revenue from views as long as it's being streamed normally. 'Tom and Jerry' should be available next week. We don't have any major expenses, so there shouldn't be any issues."

After Yang Huajin left, Fang Yang immersed himself in writing the script for "Tom and Jerry". He estimated that he could finish writing the script for one hundred episodes in a week. The main reason was that the content of each episode of the cartoon was relatively short, and Fang Yang did not need to spend much brainpower to copy it, so the speed was relatively fast.

At 8 PM, "A Quiet Summer" was released on the Yuewen Entertainment website's music section as scheduled. The song garnered over a million downloads the moment it went live. Fang Yang, who was copying "Twin Dragons of the Tang Dynasty," couldn't help but smile wryly upon seeing this. Didn't these people even listen to it? Such a fast download speed!

Just as Fang Yang had suspected, these people hadn't actually listened to the audio. Most of those who downloaded it immediately were Fang Yang's die-hard fans, adhering to the belief that "Anything produced by Fang Yang is bound to be a classic!" They had a mysterious confidence in Fang Yang, believing that he wouldn't ruin his own brand. Fortunately, Fang Yang had never disappointed them.

In music communities, more and more people are playing music and discussing it simultaneously.

"Listening to this song feels like going back to my childhood!"

"Upstairs, how did you revert to your childhood?"

"You downstairs don't understand. When I was a kid in the countryside, every summer we would catch cicadas and then fry them with our friends. They were so delicious."

"Upstairs, are crickets fried? They taste better roasted!"

"You bunch of foodies! How can you eat cicadas? They're so cute! Go catch fireflies, you can use them as flashlights!"

Why bother catching fireflies? Wouldn't it be better to lie in the grass and watch the stars?

"It's a pity that now that I'm in the city, I can't see the stars anymore, there are no cicadas chirping, and I don't sleep as well as I used to."

"That's right, the sky is always covered with a layer of fog, you can't see anything, and you don't keep in touch with your friends anymore. The older you get, the more troubles you have."

"Hey, you lot, Yang Shen's songs are so good, why aren't you promoting them? Instead you're just sitting here sighing and complaining, what kind of behavior is that?"

"What the person upstairs said is right. Let's share this on WeChat Moments and recommend it to everyone."

"Why bother with WeChat Moments? There's so much more to blogs; you could build a thread there and become famous overnight!"

"Brother is right, I'll be going now."

"Wait a minute, you upstairs. I've already built one floor. You can just add another one for me."

"Damn, bro, that's fast! I'll go add another floor for you, and remember to add one for me too!"