Chapter 350 50 Million Yuan in Advertising Fees



"Mr. Zhang is indeed quite eccentric. Then it's settled."

"Mr. Li, you won't go back on your word, will you?"

"How could that be? We're not such an untrustworthy company, Mr. Zhang. If you're still worried, you can write a higher penalty for breach of contract in the contract."

"Haha, how could I not believe in your Starry Sky Technology?"

That being said, when the electronic contract from TX arrived, Li Mengqi laughed upon seeing it; the penalty for breach of contract was ten times higher than in a typical contract.

In other words, even if Star Technology breaches the contract, Tencent will still make a profit from the broadcasting fees over the past ten years. They won't lose money at all.

However, this was exactly what Lin Chen wanted to do.

Once the electronic contract was officially signed, the cooperation took effect.

Zhang Dapao was just about to submit an application to have the propaganda department promote the matter extensively.

Unexpectedly, Panda TV has already started promoting it.

Moreover, the publicity efforts are very extensive.

Not only was it announced on the official Weibo accounts of various products under Xingchen Technology, such as Panda TV, Huasuan.com, Huasuan Pay, and Pinduoduo, but it was also directly recommended by default on Douyin.

It's worth noting that Douyin's default recommendation slots are extremely valuable advertising opportunities, and Xingchen Technology is surprisingly willing to invest so heavily in this collaboration.

Zhang Dapao was deeply moved. Where can you find such a partner? Mr. Li, you are truly my confidant!

Li Mengqi: Don't come any closer!

Then, Zhang Dapao added another zero to the originally applied advertising budget. After all, Tencent is the official League of Legends team, how could they be outdone by their partner? Doesn't Pony Ma have any pride?

At this moment, Little Ma was sitting on the sofa at home, wearing a bathrobe and smoking.

"Xiaomei, thank you for keeping me company these past few days. I feel much better now."

Xiao Mei's lips twitched. "Can't you be uncomfortable? I've already ruined seven or eight pairs of my stockings. But since the compensation is high enough, I'll reluctantly forgive you."

Just then, Little Ma's phone rang.

Brother Ma frowned. Hadn't he told his subordinates not to call him for the next few days unless it was something important?

I picked up my phone and saw it was the director of the publicity department.

"Hey, what's up?"

"Mr. Ma, we just submitted a request for 50 million yuan in advertising expenses to the QQ live streaming platform. I think the amount is too high, so I'm here to ask for your approval."

"Take away a young master? Fifty million? Are you crazy? Who's in charge of QQ Live now?"

"Zhang the Cannon".

Brother Ma said speechlessly, "What's wrong with you guys? Why are you hiring just anyone into the company? And you even made him a director? Don't approve it yet, I'm coming to the company right away."

Yes, yes, yes.

The PR director hung up the phone, speechless. What business is it of mine to hire people? I'm not HR.

After putting on his pants, Little Ma ignored Xiao Mei, who was still taking a shower, and drove straight to the TX headquarters.

"Get Zhang Dapao over here right now! What's this guy up to?!"

Zhang Dapao arrived at the door of Little Ma's office and knocked on it excitedly.

Great! My hard work paid off. The boss saw everything, and he'll definitely call me in for a promotion and a raise this time.

"Knock knock knock..."

"Come in."

"Hello Mr. Ma, you were looking for me?"

"You're Zhang Dapao?"

"Yes, I am Zhang Dapao."

"Did you submit this application for 50 million in advertising expenses?"

"Yes, Mr. Ma, Fangxing Technology has also invested a lot of publicity in this cooperation."

"Wait, you mean cooperation? Cooperation with Star Technology? Lin Chen's Star Technology?"

"Yes, Mr. Ma, I have reached a cooperation agreement with Panda TV. From now on, QQ TV will have the exclusive broadcasting rights for the official League of Legends tournaments. Other platforms can only pay a rebroadcasting fee. I signed a ten-year exclusive contract with Panda TV, and the rebroadcasting rights were sold at the price of a satellite TV program."

Little Ma couldn't stand it anymore, so he grabbed the documents on the table and threw them at him.

"Cooperate? Who gave you permission to cooperate with Lin Chen? And for ten years at that? Are you crazy? Or am I crazy?"

The document hit Zhang Dapao right in the face. Luckily, it was just paper, so it didn't hurt much, but Zhang Dapao was still stunned.

What's going on? My plan was so perfect! Shouldn't you be giving me a promotion and a raise?

Seeing that Zhang Dapao remained silent, Little Ma continued to roar, "What are you all standing there for? Hurry up and void the contract! You can even breach it!"

"Um, Mr. Ma, this breach of contract fee is a bit high."

"Take the young master?"

"Fifty million."

Little Ma almost spat out a mouthful of blood.

"How could there be such a high breach of contract fee? I understand now, Lin Chen specifically emphasized it, didn't he? He had already dug a pit for you."

"This... Mr. Ma, it was my request."

Little Ma was stunned. Was the heavens going to kill him? Why were all the people around him not fully developed in their brains?

Five minutes later, Little Ma sighed.

"You can leave now."

"Okay, Mr. Ma, I'll go back to work right away."

"You've misunderstood. I'm telling you to disappear from Tencent. Get out of here right now!"

Little Ma scratched his head, feeling a bit like going back to have a heart-to-heart talk with Xiao Mei.

However, upon calming down and thinking about it, the exclusive live streaming rights were indeed a brilliant move, but signing a ten-year contract is a mysterious operation. How can they control Panda TV under such circumstances?

While this operation may seem a bit puzzling from a purely business perspective, it's not entirely incomprehensible.

After all, Panda TV is undoubtedly the top streaming platform, and partnering with it would certainly be beneficial for promoting League of Legends.

Moreover, the price offered by Panda TV was not low; it was already at the price of broadcasting on satellite TV, which was very reasonable.

But my purpose in setting up the QQ Live platform was to destroy the Panda Live platform, and now you're actually cooperating with the enemy?

But if we breach the contract at this point, we'll have to pay a huge sum of money, which would be a huge loss.

Little Ma got angrier and angrier. That Zhang Dapao really deserved to die.

On the other side, Zhang Dapao returned to his office dejectedly to pack his things.

Just then, the phone rang; it was Li Mengqi calling.

"Mr. Zhang, when will you send us the paper contract?"

"Mr. Li, well, I was just fired. These things may require the next director of the QQ Live platform."

"Huh? Expelled? Why?"

"Um, Mr. Ma doesn't seem too satisfied with this collaboration. I advise you to be prepared. Okay, that's all for now. I need to pack my things. I'll treat you to dinner another time."

After saying that, Zhang Dapao hung up the phone.

Li Mengqi ran to Lin Chen's office.

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