Lou Hongfei smiled upon hearing Zou Huaiwen's agreement, extended his right hand, and said, "Mr. Zou, it's a pleasure to cooperate with you!"
Little did they know that due to rampant piracy in China and even Southeast Asia, Wujiang Group had no intention of spending a lot of money to buy copyrights. This kind of profit-sharing cooperation only allowed Golden Harvest to make a small profit at the beginning.
Later, with the emergence of pirated discs, genuine discs lost their competitiveness, leading to a lack of future success for genuine discs.
The video arcades operated by Wujiang Group will gradually lose their competitiveness. At that time, Wujiang Group will find a suitable opportunity to transfer them to others at a high price.
Of course, this only applies to the Asian region.
In Europe and America, where intellectual property rights are highly valued, Wujiang can directly purchase the rights at a high price, though this comes at a significant cost. Furthermore, Hollywood film companies generally don't sell rights on a large scale; they typically opt for revenue-sharing partnerships.
They are well aware of the value of film and television copyrights.
Furthermore, video rental shops are difficult to develop overseas because foreigners are generally wealthier and usually buy DVD players directly, then patronize DVD rental stores. Therefore, opening a DVD rental store would be very profitable, and would also benefit Wujiang Group's future promotion of Super VCD or DVD in Europe and America.
Later, with the advent of the internet, it transformed into an online video rental company, surpassing Netflix.
Lou Hongfei had already received instructions from Zhao Ye that if the copyright could not be purchased at a low price, it would be best to choose a revenue-sharing arrangement.
In this way, Wujiang Group essentially acquired all the film and television copyrights of the film company from the very beginning, and customers could choose from a wealth of film and television resources when they came to Wujiang Video Hall.
Zou Huaiwen was unaware of Wujiang Group's plan and thought that the profit-sharing cooperation would bring huge profits to Jiahe. He was very happy and quickly reached out to shake hands with Lou Hongfei, saying, "President Lou, it's a pleasure to cooperate with you!"
Of course, this is not because Wujiang Group cheated him.
Piracy is rampant, and Wujiang Group can't do anything about it.
With the advent of the internet age, piracy will become even more rampant. Coupled with the decline of Hong Kong cinema, that will be the best time to acquire copyrights. After all, if you don't sell to Wujiang Company, you really won't make any money from the copyrights of those old movies.
Currently, Hong Kong cinema is booming, and acquiring copyrights at this time would undoubtedly result in very high prices.
That afternoon, Lou Hongfei, on behalf of Wujiang VCD Company, signed a cooperation agreement with Jiahe.
Starting the next day, Lou Hongfei visited various film companies in Hong Kong to discuss copyright cooperation matters.
Usually, as soon as Golden Harvest's agreement is presented, other film companies will also think that this cooperation plan is very good. Even Golden Harvest has agreed, so why should they disagree?
Even Shaw Brothers Studio and TVB were willing to cooperate with Wujiang VCD Company.
Lou Hongfei completed his mission in Hong Kong in less than half a month.
As long as there are Hong Kong film and television resources in mainland China, it's enough to attract users.
Lou Hongfei then turned back and returned to Chongqing.
Next, as long as VCDs succeed in China and other developing countries, Hollywood film companies will no longer act superior when Super VCDs enter Europe and America.
...
June 28th.
Wujiang Group spokesperson Fu Xiaoyue suddenly announced that Wujiang Group will hold a product launch conference on the evening of June 30th!
This news immediately caused a sensation throughout the country and even the world.
Nobody knows what product Wujiang will invent this time, or whether it will become a global sensation.
Major media outlets around the world have published various speculations on this matter.
There's no way around it, Wujiang is just that awesome.
Many of their products have amazed the world, thus establishing the reputation that "any product from Wujiang is a masterpiece."
Two days passed quickly.
8 PM on June 30th.
Hundreds of media outlets from home and abroad gathered at the Wujiang press conference.
To the surprise of many, the press conference was held in Chongqing.
Many people couldn't help but realize that this was no ordinary arrangement and must have some deeper meaning.
At that moment, a soft piano melody began to play, and the stage lights suddenly came on. Lou Hongfei, dressed in a suit and tie, quickly walked to the center of the stage.
"Who is this person? I don't think I've seen him before. Is he among the higher-ups at Wujiang?"
When everyone saw Lou Hongfei, they were all puzzled.
"Hello everyone, welcome to Wujiang's product launch event. First of all, I'd like to introduce myself!"
Lou Hongfei smiled broadly, exuding confidence and showing no stage fright whatsoever.
"My name is Lou Hongfei, and I am the general manager of Wujiang VCD Company. Today's press conference is mainly to introduce a new product that Wujiang Group has developed—a VCD player!"
As soon as he finished speaking, a picture of a VCD player appeared on the large screen behind him.
Lou Hongfei paused, then pointed to a picture of a VCD player behind him and introduced, "This is our company's new product, the 'Boundless VCD' player."
"It's called VCD because its full English name is 'videpactdisc,' and its Chinese name is 'audio-visual disc'!"
"Now you probably know the characteristics of a VCD player. Yes, it's a CD player, but it can play audio and video, hence the name VCD."
Upon hearing this, everyone expressed their amazement.
CD music records were already very popular at this time, but unexpectedly, Wujiang Group put videos into the discs as well.
My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!
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