Actor Wang Yueheng transmigrates as a street singer participating in a talent show. His on-the-spot creation of "The Lone Brave" ignites the entire internet, helping him rise from a grassro...
Unexpectedly, Vice President Sun Wenduo hadn't even finished contemplating his good fortune.
Wang Yueheng suddenly put down his teacup, looked at Mo Zixue beside him with a smile, and asked, "So, Doushou Group's financial report should be out by now, right? I'm quite curious about their revenue."
Upon hearing this, Sun Wenduo was startled.
It was then that I remembered that Wang Yueheng himself was also a contracted artist and one of the shareholders of Doushou Group.
He holds a majority stake in "Bubble Music," a subsidiary of Douyin Group.
Given the singer's current influence, Zhang Ming, the president of Douyin Group, may have already signed an equity transfer agreement privately.
To retain this talented artist, Wang Yueheng should also own more shares in Douyin Group…
According to data released by Douyin Group, its global revenue in the previous quarter was approximately US$62 billion, equivalent to about RMB 448.9 billion.
"Net profit is approximately 124 billion RMB, equivalent to an average daily profit of 1.3 billion..."
After checking the data on her tablet, Mo Zixue carefully read it aloud.
The Tencent Group, which Sun Wenduo just mentioned as being financially powerful, only had an average daily profit of 900 million yuan in the previous quarter.
"Haha, shaking your hands is very popular overseas now, just like our WeChat product..."
Sun Wenduo said with a slightly embarrassed smile.
Fortunately, having weathered so many storms in the martial arts world, I'm not easily swayed by a simple comparison.
Besides, Tencent has been developing for many years, while Douyin has only been around for a few years.
It's hard to say whether the other side can maintain this momentum.
Just now, Sun Wenduo was plotting his own scheme.
Wang Yueheng had already seen through the other party's scheming mindset of trying to take advantage by observing the changes in their micro-expressions.
His question made his meaning very clear.
Since he is a contracted artist on the Douyin platform and also a shareholder of the group.
The Douyin platform will definitely spare no effort in promoting its own works.
What can Tencent use to convince itself to share the influence of its works with the other party?
Moreover, some senior executives of Tencent had previously vowed to blacklist him.
If it weren't for the fact that the work they produced was of exceptional quality.
If it were any other ordinary celebrity, their career would probably have ended and they would have been blacklisted long ago.
Of course, I couldn't possibly settle things politely.
At the very least, the other party needs to bleed heavily.
“Our board of directors has a preliminary draft of a cooperation agreement. You may want to take a look.”
"Let's see if this type of cooperation meets your requirements..."
Seeing that he could not impress Wang Yueheng with the platform's strength.
Furthermore, Wang Yueheng himself doesn't seem to care much about whether or not his work can be published on the Tencent platform.
Sun Wenduo had no choice but to put aside his distractions and obediently take out the "peace agreement" that the board of directors had prepared in advance.
"From now on, as long as your work is uploaded to the Tencent platform, we will maintain the same free policy for free works. Without your permission, we will not charge users a single penny..."
"For paid content, we can split the revenue 30/70, with you taking 70% and us only taking 30% to cover basic operating and maintenance costs..."
"Furthermore, there are no mandatory binding agreements; we are equal partners..."
While Wang Yueheng read the document, Sun Wenduo quietly explained it to him.
The statement specifically emphasized that the penguin accounted for "only 30%".
"Is this 30/70 split based on net profit or total revenue?"
Then Wang Yueheng pointed to the profit-sharing clause in the contract and asked a question.
70% of net profit and 70% of total revenue are two completely different concepts.
If a fan spends 100 yuan on Wang Yueheng's work.
Based on the total revenue split, Wang Yueheng can take away seventy yuan.