The company has signed a total of eighteen singers in the Chinese music scene, including top singers such as Cassiopeia, Zhang Liangying, and Wang Feng, as well as thirty-three newcomers such as Qin Xiaoyue, Yang Zhaoyue, and Zhou Li.
The signed artists saw their total fan base increase by 700 million and their total commercial revenue reach 4 billion yuan, thanks to the influence of their songs.
In summary, since its establishment, our company has achieved total operating revenue of RMB 8 billion, expenditure of RMB 6 billion, and net profit of RMB 2 billion, showing a very promising future. In contrast, the domestic leader, Huayu, only achieved total revenue of RMB 4 billion and net profit of RMB 800 million in the second half of the year.
It is worth noting that Ms. Li Qingning, the largest shareholder of the company with 50% of the shares, has announced at the annual meeting that she will continue to invest an additional 5 billion yuan after the Spring Festival for the company's business expansion.
Below, our company will announce our 2024 annual plan:
I. Following a vote at the general meeting, our company has decided to expand from the music sector to all major entertainment fields in 2024.
In addition to the film and television company currently being established, the company will expand into virtual entertainment, including novels, games, e-sports, and online chat. In terms of physical entertainment, it will also venture into KTVs, bars, and amusement parks.
Second, our company has not forgotten the bet with Huayu. With Fengshen's consent, the chart ranking will begin on the eighth day after the Spring Festival. At the same time, in 2024, Fengyu Entertainment guarantees that the number of songs released throughout the year will not be less than one hundred.
III. After repeated communication and confirmation, our company's boss, Mr. Chen Feng, has confirmed his participation in the Global Art Competition and the Global Music Competition. As for the three major domestic TV stations that Chinese netizens are concerned about, that has not yet been decided. Meanwhile, regarding the Spring Festival Gala, which netizens are also concerned about, it has been confirmed that Mr. Chen Feng will not participate...
The moment this announcement was released, netizens were instantly divided into two completely different groups.
The general public's focus is on the no fewer than one hundred songs released throughout the year, as well as the devastating news that the show will not be performed on the Spring Festival Gala.
"It's amazing! The Wind Whisper is incredible! The Wind God is awesome! There are at least a hundred songs! In 2024, we are blessed."
"I've found that the announcements from Fengyu have made me enjoy reading announcements. There's so much information; I need to process it all."
"Wow, Fengshen has confirmed his participation in the global art competition and music competition. Isn't this a sure way to win both championships? Fengshen's status is now too high, no one can beat him."
"Don't be too smug upstairs. You might be able to win the art competition, but it's hard to say about music. You're strong in the four major foreign languages, and Fengshen has released so many songs, all in Chinese. The global music competition requires you to be proficient in all five major music languages."
"The person upstairs is right. It's a bit risky for Fengshen to participate in the global music competition, since he only speaks Chinese."
"I cried. When my parents saw this announcement, they refused to eat. Because Chen Feng wasn't on the Spring Festival Gala, many people said they wouldn't watch it."
Ordinary netizens' comments were the fastest to flood the comment section of Fengyu's official website.
The elite group, on the other hand, saw something much deeper.
Hua Guozhong, chairman of Huayu Entertainment and head of Huayu World headquarters, was severely scolded. In short, he was blamed for causing a small problem for Huayu.
Indeed, for a multinational Fortune 500 company, Wind Whisper is just a minor nuisance.
Huayu World's businesses cover almost every aspect of people's lives, each sector is very stable and mature, with annual revenue reaching trillions and net profit in the hundreds of billions.
The company's main business segments are concentrated in national real estate development, mobile phone business, high-tech research and development and pharmaceuticals. As for the entertainment sector, it is just a marginal part of the Huayu Group.
As the vice president of the entertainment sector of Huayu Group, Zhang Bo was clearly in a bad mood today. Therefore, the fact that the chairman of Huayu Entertainment was scolded was largely just to vent his anger, and not because a new company called Fengyu Entertainment suddenly appeared in Chengdu and Chongqing.
"Are you out of your mind? Why do you insist on fighting your rivals to the death in music? Tell me!"
Zhang Bo paced back and forth in his office. At the group's general meeting, he lost face as the vice president of the entertainment sector because of the decline in the performance of Huayu Entertainment Company. He even received criticism from the group's general manager.
"Our Huayu Group has been around for forty years since its founding. From a small courier station to a super behemoth with a market value of trillions, what is the secret? It is learning from others' strengths and making up for our own weaknesses, doing what others have not done, and being willing to suffer losses."
“I’ve also studied Chen Feng. His musical talent and compositions have indeed raised the level of music, which is a good thing for the people. If you oppose him, you’re going against the people. How can you expect to win them over?”
"Sell the music copyrights in Chengdu and Chongqing as much as possible, and pour all the funds into other entertainment industries. I estimate that for a long time, Fengyu will be unstoppable."
Hua Guozhong stood obediently, and only after hearing the group's entertainment vice president finish speaking did he raise his head and ask, "What about the acquisition?"
Zhang Bo plopped down on the leather sofa and lit a cigarette.
"Acquisition? You mean the bet with Fengyu?"
"yes!"
"hehe!"
Zhang Bo sneered, "I know that Chen Feng has a powerful backer and may hold a high position in Beijing, but Hua Guozhong, you should know that even the most powerful people in this world must act in accordance with the laws and principles of heaven, or things will fall into chaos."
"Don't worry about the bet. If he succeeds, just sell the Huayu Music division to him."
"ah?"
"Music section?"
Hua Guozhong seemed to understand something, yet he also seemed to understand nothing at all, and for a moment he was somewhat confused.
"Do you think I told you to diversify your music business and invest in other entertainment fields, such as novels, comics, short videos, TV series and movies, all because you can't compete with Fengyu in music? There are many other implications involved. Think about it slowly."
Hua Guozhong's mind was racing, and some things seemed to be getting clearer and clearer.
"I understand. Mr. Zhang wants me to split up and reorganize Huayu Entertainment in the shortest possible time, separate the Huayu Music sector, and leave an empty shell. That way, even if Chen Feng wins the charts, all he will get is an empty shell."
"You're quite clever. That's right. Just split up the music division and name it Huayu Entertainment. Then, reorganize the other entertainment businesses and merge them into a new company."
Zhang Bo said.
"Mr. Zhang, what's the name of this new company...?"
"I had already thought of it a few days ago, proposed it, and it was approved. It will be called 'Huayu Culture'."
Upon hearing this, Hua Guozhong's eyes lit up with genuine admiration.
"As expected of President Zhang, you have great foresight. I admire you."
Zhang Bo felt extremely comfortable and closed his eyes to enjoy the moment, not forgetting to be a little proud.
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