Since the development of electronic music and video recorders, traditional art forms have been gradually replaced by these new devices.
It's not that MP3 companies stole their business, but rather that they should recognize this phenomenon and make changes accordingly.
The company's executive director, Xiang Peisi, nodded slightly in agreement.
"We can't always be chasing after others and telling them not to touch our products. What we should do now is to expand the market, get more people to pay attention to us, and get more people to catch up with us."
Xiang Peisi glanced at the artists and company executives in the conference room. "The fact that MP3 Company is successful shows that they have seen a new market opportunity."
"As a long-established media company, we can't always pick up what others have left over."
The artists looked at each other, feeling powerless. In company meetings or past protests, their role was simply to get fans involved in the online arguments.
“You mean we should do the same thing as those electronics companies?” Darram asked.
Xiang Peisi looked at Dalam and said, "We are media pioneers in advocating for respect for copyright, and we cannot fall behind in the online music field in the future."
Online music, a brand-new concept, has been frequently mentioned in copyright disputes, but this is the first time it has been discussed at a high-level meeting of a North American music media company.
“We are a media company, so we are definitely not as good as others in this area. However, with ICQ as a role model, we just need to learn from them and draw on their experience,” Xiang Peisi implied.
In the past two weeks, ICQ has swept through the youth scene in Europe and America, dominating the download charts for video games and tools since its launch.
"Let the technical department take a look," Darram made the final decision.
Upon hearing this, the expressions of the executives present immediately relaxed considerably.
These days they have been fighting against infringement. To be honest, infringement is everywhere, but with their current strength, it is difficult to change their current predicament.
However, if we could change our approach, from simply cracking down on copyright infringement to providing a platform on the internet that allows people who enjoy online music to enjoy it in their preferred way, that would be a good solution.
ICQ is a virtual network communication software, a tool for real-time interaction.
Within a week of its launch, it had already been downloaded more than 100,000 times, and that's just the data from Europe and North America.
In the second week after ICQ went live, the media companies were in turmoil. Pioneer Media, represented by North American Media Company, quickly launched its own online music streaming product on its official website.
However, because they were in such a rush, the product they produced was rather useless.
Annie from Longteng thought a similar product had appeared in Europe and America, and she was quite nervous. After downloading the media company's software and trying it out, she immediately put her doubts to the back of her mind.
Not to mention how many engineers Longteng Company mobilized to develop ICQ, this one project alone almost burned through half a year's worth of Longteng Company's revenue.
Success is never achieved through simple imitation. Success requires extraordinary courage and vision, as well as dedication and investment.
“Boss, in the past two weeks, North American Music Media Company and Integrated Arts Media Company have launched their own online music playback software one after another,” Wang An reported. “However, these software are just simple imitations of ICQ’s online music playback function and are not competitive.”
Chen Dong naturally believed in his product. "I knew these media companies would be unhappy to see us making money."
"Ignore them."
After more than a month of silence, the launch of ICQ caused a stir online, but Chen Dong's goodwill was quickly worn down by the speed of information dissemination on the internet.
"How's it going with Amazon?" Chen Dong asked.
He had promised Xiang Feng that Asia Travel Capital would give Amazon two months to react, and now two months have passed.
Chen Dong discovered that his judgment of Walmart was wrong.
He originally thought that Walmart, facing such a strong competitor, would immediately take action, causing distributors and channel partners to leave en masse, and using contractual constraints to deprive Amazon of its means of survival.
However, Walmart did not do that.
“Walmart’s people first made distributors and retailers remove products from the shelves, and then they went to Amazon to intimidate Amazon, saying they wanted the two companies to cooperate and achieve mutual benefit,” Annie replied.
Chen Dong smiled helplessly, "These bullying methods are really primitive and naive."
“But it was also very effective,” Lin Zhiyuan interjected. “In just over a month, Amazon lost more than half of its retailers and distributors.”
"Their source factory had already severed ties with Amazon because it had an agreement with Walmart."
"Amazon now has far fewer goods than half of what it used to have, and consumers are no longer enjoying online shopping and are gradually losing patience with Amazon."
Anne nodded and added, "The latest financial report shows that Amazon's revenue is less than half of what it was last month."
"For an online marketplace, this situation is far too unstable."
"Even distributors who are still observing and factories that do not cooperate with Walmart have lost confidence in Amazon."
Chen Dong understood this feeling. People inside Amazon were restless, and Walmart, as the largest chain retail brand in the United States, was making noise outside, amplifying this sense of insecurity.
People outside the company don't know the internal workings of Amazon. It's an online e-commerce platform that you can't see or touch, which makes people uneasy.
“If Walmart really wants to deal with a competitor, it won’t give them any breathing room,” Chen Dong analyzed slowly. “I guess Walmart has its eye on Amazon now.”
Once that was explained, Annie understood.
Wang An and Lin Zhiyuan also agreed. Lin Zhiyuan added, "I heard from our manager at Amazon that their senior management had already contacted people from Walmart a few days ago."
"However, they didn't come to discuss cooperation; they came to discuss an acquisition."
"Acquisition?!" Chen Dong and Wang An were both somewhat surprised.
Although Chen Dong could guess that Walmart's motives were not pure, he only felt that Walmart wanted to suppress Amazon and then seek cooperation so that they could have more leverage in negotiations.
I never expected Walmart to have such a big appetite.
Walmart really dares to mention an online e-commerce platform that was only recently established but already has millions of users and hundreds of thousands of daily active users!
......
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