The audience was completely silent, probably waiting for the super-rich man to reveal the secret he had just shared.
In fact, Xing Baohua had already instructed Wang Weibao to collect the electronic copyrights that were due, and he would stop collecting those that were not.
He'd be overjoyed if anyone dared to enter the copyright battle with him right now.
This is a trap.
A super huge pit.
Even Xing Baohua needs to be supported financially; the time isn't right yet! The only way to make a profit is through hard drive technology, bandwidth technology, and memory technology.
If these technologies are not available, then the digital versions of movies and music are simply out of the question.
They'll take advantage of whoever they can; if the company goes bankrupt, they can just acquire it.
So this guy started explaining the benefits of digital copyright, and he was better at making empty promises than anyone else.
Previously, he was forced to split up his assets for certain reasons.
There are now several reasons why we have to diversify our assets.
Currently, the only option is asset portfolio management.
Using Colombia as a shell, it all boils down to money. Profits stay in America and can only be used for acquiring or creating physical businesses here.
But this thing is still profitable. So, can the profits be taken away? Even the most auditing personnel can't answer this question. They can only look at certain policies of the Great American government.
Therefore, he repeatedly studied with auditors and tax lawyers to transfer profits overseas in a reliable manner while legally avoiding taxes.
If Columbia Pictures' acquisition is successful, Xing Baohua could potentially offload a portion of his assets to purchase a large number of copyrights overseas.
There's a lot of room for maneuver here.
To paraphrase Xing Baohua's earlier words, it's okay if the film loses money.
Isn't it normal for you to lose money buying stocks?
There's so much room for maneuver here.
By mixing falsehoods with truth, one can fool others.
Xing Baohua's brief moment of thought left everyone eager to see what his plan was.
"The electronic versions I acquired, as the name suggests, are used on electronic devices. As you may know, there is currently no technology to support a platform for electronic audio-visual content. Even if there were, the price would be extremely high."
Some might ask me, "If you can't reach that level, why acquire them? Why use your position as chairman to force the purchase of your own loss-making companies when they're not profitable in the short term? How do you explain this to the numerous shareholders and investors who bought Colombian stock?"
"If you ask me this question alone, it's hard for me to explain, but I can tell you that this is only a small part of the overall massive plan. First, it needs to be combined with the electronic products developed by Dami Technology, such as portable music players, desktop computers, and laptops, which include speakers, sound cards, and so on."
Only when the technology of these hardware components reaches a certain standard can those movies and TV shows be fully realized, eliminating the need to rent movies from video rental stores; you can watch them at home. Furthermore, our copyrighted film library has acquired film and television rights from 37 countries and currently stores 13,000 films; watch whatever you want.
As soon as he finished speaking, many people raised their hands.
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