Chapter 88 Obtained the agency rights for "Legend"!



At first, Song Yi didn't know that Chen Tianqiao and Chen Zairong had actually joined forces to deal with him. He was now accompanying the Kim Tae-hee sisters to visit the luxury house he bought at No. 330 Seongbuk-dong.

Kim Tae Hee looked at the lawn courtyard outside the villa and said to Song Yi, "Black must like this yard very much. He can have fun in the yard."

Kim Hee-won prefers the private swimming pool on the second floor. "If there is a swimming pool, I don't have to go to the gym to swim."

Song Yi is also looking forward to seeing Jin Xiyuan wearing a cool swimsuit in the summer, which is also a good feast for the eyes. "There is a separate gym in the villa, which has all the basic fitness equipment. When the time comes, we will build a separate SPA room. After the fitness, we can have a SPA. This feeling is perfect!"

Song Yi's new home is not far from Zhou Mengxian's home, only a few hundred meters away. Zhou Mengxian is next to the official residence of the Japanese Embassy. Bae Yong-joon, Lee Min-ho and Lisa from Black Pink later bought luxury houses in Seongbuk-dong.

Most of the Hallyu stars still prefer to buy apartments in Cheongdam-dong because it is near the commercial district, while Seongbuk-dong is very quiet. Kim Tae-hee doesn't like crowds, and if she doesn't have work, she prefers to stay at home alone to kill time.

"OPPA, when we move here, let's buy a cat so that Black can keep him company." Kim Tae-hee suggested.

"Sure, we can buy another dog and find a partner for Black. Otherwise, I'm afraid that as a single dog, he will think cats are pretty." Song Yi joked.

The house has been transferred, and Song Yi only needs to buy some furniture before he can move in. Song Yi also needs to equip the house with a nanny, driver and bodyguards.

The Hyundai family has equipped Song Yi with an exclusive personal bodyguard named Cha Tae-sik, who is a retired soldier of the South Korean Marine Corps. Cha Tae-sik has been working for the Hyundai family before he joined the army.

However, the villa will definitely need to be equipped with other security forces. As Song Yi's business grows bigger and bigger, commercial eavesdropping is not uncommon. This is why many large companies do not allow the use of social software in the company.

However, Song Yi did not need to collect business intelligence yet, because Chen Fuzhen informed him in time. When he learned that Samsung C&T invested 200,000 US dollars in Shanda Network, he could not help but curse. No wonder Actoz had not signed a contract with Xinya Network. It turned out that Chen Zairong was holding him back.

Chen Jae-yong is currently the executive assistant of Samsung Electronics and belongs to the middle management of Samsung Electronics. In 2009, Chen Jae-yong first served as the vice president and chief customer officer (CCO) of Samsung Electronics, and officially entered the core management of Samsung Electronics. Fortunately, Chen Jae-yong can only use part of Samsung's resources to deal with him now, and Song Yi is not afraid of this Samsung prince.

Chen Zairong's current personal wealth may be higher than Song Yi's, but his wealth is more concentrated in the stocks of Samsung's companies, while Song Yi controls the entire New Asia Entertainment and can call on more funds. For example, Song Yi can easily take out $10 million now, while Chen Zairong can only take out that much money by selling stocks.

"Chen Zairong, Chen Zairong, you invested in several Internet companies last year and all suffered losses. Now you still dare to let Samsung C&T invest in Shanda Network. Although 200,000 US dollars is not a lot, if this investment fails again, I'm afraid it will be embarrassing, right?" Song Yi thought.

At the end of June, Chen Tianqiao received bad news. Actoz rejected Shanda Network's profit-sharing plan, and Wemade handed over the exclusive agency rights of "Legend 2" in the mainland to Xinya Network.

Chen Tianqiao was a little surprised. He contacted Cui Xiong urgently and asked, "Representative Cui, is there any part of our grand plan that Actoz is not satisfied with?"

Cui Xiong shook his head. "Mr. Chen, it has nothing to do with your company's profit-sharing plan. It's mainly because Song Yi gave too much."

Chen Tianqiao was confused. What did Song Yi mean by "too much"? How much could New Asia Network give? He couldn't possibly spend $5 million or even $10 million to get the exclusive agency rights for Legend 2 in mainland China, right?

If this is true, Shanda Network's profit-sharing plan certainly has no appeal. One is the $5 million that is directly received, and the other is the potential $5 million. Even a fool would know which side to choose. But why did Song Yi do this? Isn't this killing one thousand enemies and losing eight hundred of your own? Chen Tianqiao was somewhat unwilling, so he contacted Chen Zairong to find out how Xinya Network won the agency rights of "Legend 2".

Chen Zairong has already received the news, and he feels very embarrassed. Samsung C&T invested 200,000 US dollars in Shanda Network, and right after that, New Asia Network defeated Shanda Network and got the agency rights of "Legend 2". Isn't this a slap in the face by Song Yi?

He urgently contacted Samsung C&T and asked why Choi Woong's attitude had changed and why Samsung C&T did not prevent Shin-A Network from obtaining the agency rights for "Legend 2".

Samsung C&T has already obtained the details of the cooperation between Xinya and Actoz. Song Yi’s proposal is indeed very attractive and Cui Xiong simply cannot refuse it.

Song Yi knew that Actoz was preparing to go public, and Xinya Investment Co., Ltd. invested US$4.8 million in Actoz in exchange for 6% of Actoz's equity. Actoz's valuation before going public was US$80 million.

Of course, when Actoz sold its shares in Wemade and the copyright of "Legend 2", it had already obtained the consent and understanding of its subsidiary Wemade.

When Chen Zairong learned the details of the cooperation between New Asia and Actoz, he took a deep breath and said, "Is Song Yi crazy? In order to get the agency rights of "Legend 2", he was willing to pay 12 million US dollars?"

No wonder Cui Xiong said that Song Yi gave too much and Actoz really couldn’t refuse.

For Actoz, the cooperation plan of Xinya has two major benefits for Actoz: First, by selling 40% of Wemade's shares and the copyright of "Legend 2", it has recovered 7.2 million US dollars, which can be directly reflected in the company's financial statements as profit. For Cui Xiong, "Legend 2" itself is a useless project, so this is definitely a good deal.

Second, Shin-Asia Investment Co., Ltd. made a surprise investment in Actoz before its listing, which further raised the valuation of Actoz. Shin-Asia Investment Co., Ltd. became the cornerstone investor of Actoz.

In the eyes of Korean investors, Song Yi's New Asia Group is also an affiliated company of the Hyundai Group. The US$4.8 million financing invested by New Asia Group has also increased investors' confidence in Actoz and can help stabilize Actoz's stock price after its listing.

Shanda Network obtained the agency rights of "Legend 2" for 300,000 US dollars, but Xinya Network invested 12 million yuan first. However, Song Yi felt that he did not lose out. If "Legend 2" can continue to be a big hit in the mainland, he will make a lot of money.

Song Yi spent 7.2 million US dollars to acquire 40% of Wemade's equity, as well as the copyright of "Legend 2" and derivative games based on "Legend 2", which is what Song Yi values ​​most.

On November 29, 2004, in order to solve the copyright issue of "Legend of Mir 2", Shanda Games acquired 29% of Actoz's shares with US$91.7 million in cash. In 2007, Shanda Network became the controlling shareholder of Actoz Network, holding a total of 51.2% of the shares. By 21 years, the market value of Actoz was RMB 600 million, and the market value of Wemade was RMB 6 billion. The 40% stake in Wemade alone was worth RMB 2.4 billion.

On June 28, 2001, Xinya Network and Wemade formally signed the agency contract for "Legend 2". According to the contract, Xinya Network obtained the 2-year agency rights for "Legend 2" in the mainland market for $3 million plus a 10% profit margin, which was much higher than the previous offer of $1 million for 2 years.

Although Park Guanhao was not satisfied with the 10% profit share, since Xinya Network had become a major shareholder of Wemade and had the copyright of Legend 2, he had no better way to fight against Song Yi. Moreover, for Wemade, which was in its early stages, the $3 million agency fee could help the company continue to operate.

Song Yi remembers that the revenue sharing ratio between Shanda Games, Actoz and Wemade was 29%. Of the 29%, Actoz got 30% and Wemade got 70%, which means that Wemade got 20.3%. Later, Wemade felt that 20.3% was too low, and filed many lawsuits in South Korea and China over the copyright issue of "Legend". The copyright lawsuit between Wemade, Shanda and Actoz over "Legend" has been going on for more than ten years and has not yet been concluded.

Wemade later authorized Kaiying Network in mainland China to operate "Legend 3", but was sued by Shanda, which claimed that "Legend 3" infringed on Shanda's "World of Legend".

If "Legend" achieves a daily revenue of one million in the mainland, Wemade will still feel that the share of the revenue given by Xinya Network is too low. When the agency contract ends in 2003, Wemade may still continue to make trouble.

Fortunately, Xinya Network has already obtained the copyright of "Legend 2" and is also a major shareholder of Wemade. By then, Song Yi will undoubtedly have more cards to play than Chen Tianqiao at the same time.

However, no matter how much money "Legend" makes in the mainland, it has nothing to do with Actoz, which has been eliminated in advance. Then it will be a contest between Song Yi and Park Guanhao.

Park Kwan-ho is a genius in game production. He developed "Legend 2" almost single-handedly and is the soul of Wemade. If Park Kwan-ho leaves Wemade, "Legend" represented by Xinya Network may come to a standstill.

Song Yi must now be prepared for both situations. First, he must help Xinya Network grow into an Internet giant within two years by acting as the agent for "Legend 2". At the same time, he must act as the agent for other online games so as not to let Xinya Network become overly dependent on the game "Legend 2".

Secondly, New Asia Network must reserve more technical talents to replace Park Guanhao. New Asia Investment Co., Ltd. invested 4.8 million US dollars in Actoz. In exchange, the technical developers of "Legend" and "Legend 2" of Actoz will work in New Asia Network Co., Ltd.

In addition to this, Song Yi planned to have Xinya Network acquire another 11% of Wemade's shares before 2003, completely controlling Wemade and making Wemade a subsidiary of Xinya Network.

If Song Yi completes this step, then only Xinya Network and its subsidiary Wemade will jointly own the copyright of the "Legend" game, and the copyright dispute of "Legend" will be completely over. Song Yi has great hope of making the big IP of "Legend" an evergreen tree of mainland online games.  The  second update is presented      (this chapter is over)


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