Chapter 689 Everything is perfect
This Blue Whale Entertainment Conference is about the establishment of a new large-scale video website.
As for why it is called a large-scale video website, it is only because its partner is TX, a company with huge financial resources but whose stock price and market value have been falling continuously, and TX, which still has no shortage of cash flow during the economic crisis.
In Zhou Anan’s memory, it would take many years for video websites to truly enter the era of the four giants.
In his previous life, when he returned home from the South China Sea in a huff and founded the training department, TX Video had just appeared, and the video websites were divided into four parts: Youku, Tudou, Aimouyi, and Xishi.
Afterwards, Xishi committed a series of disastrous acts and forced itself out of the ranks of giants.
Youku and Tudou merged into one, Balibali and TX Video came from behind, and with the steadily growing iMouyi, they became the new big four.
However, at this point in time, Ai Mouyi and Bali Bali have not yet appeared, so their opponents are not very strong.
In other words, if the current Blue Whale Entertainment and TX join hands to establish a video website, their biggest competitors will be Youku, Tudou and Xishi, which also owns many film and television drama copyrights.
In other words, from the very beginning, Xishihui, which has the ambition to become the number one and has been purchasing the online copyrights of film and television dramas, is their most threatening opponent. After all, it is still in its vibrant growth period.
The other two, Youku and Tudou, which have not yet begun to pay attention to the online copyright of film and television dramas, are destined to go downhill.
"The major shareholder is here, let's get started."
At half past ten, Feng Jiming, who was sitting at the round conference table, smiled and said something when he saw Zhou Anan come in.
This conference room has always been the exclusive meeting place for the four major shareholders of their company. Everyone sits around a round conference table without any distinction of height.
"Everyone knows the basic situation. Brother Feng, tell me about the budget for investing in the video website."
Knowing that the other two shareholders were aware of the basic situation, Zhou Anan sat down and chatted with a few people for a while and then went straight to the point without wasting everyone's time.
"Okay, let me give you a brief introduction. What you have in your hands now are the video website resources that our company currently owns. We previously spent 15 million to acquire Liangliang Video Network. Although there are rumors of an economic crisis now, its value has increased slightly by 5 million due to the upcoming establishment of the Internet Copyright Association. The film and television drama copyrights that we previously invested 43 million to purchase are now valued at 130 million."
After asking Secretary Chi to deliver the three documents to the other three shareholders, Feng Jiming started talking about the cooperation matters.
"I have talked with Mr. Chen from TX before, and we are preparing 500 million yuan in initial capital to build a new video website. TX will provide 300 million yuan, and we will invest in Liangliang Video Network and the copyright of film and television dramas, with a valuation of 150 million yuan. We will also need to add another 50 million yuan."
"As for equity distribution, TX wants 51% and we can get 49 points."
"That's the basic situation."
Referring to the sorted documents, Feng Jiming introduced the basic content of the cooperation in a concise and clear manner, but it still took him seven or eight minutes.
After all, this is a major cooperation project involving an investment of 500 million yuan, so it is not excessive to attach great importance to it.
Although domestic entertainment companies are often valued at hundreds of millions, billions or even tens of billions, there are only a few that can come up with 200 million yuan in funds at once.
Not to mention that Blue Whale Entertainment is the only one that has invested in building a video website, which is currently considered a loss-making industry.
"What name do you plan to change this video website to?"
Without rejecting this basic cooperation plan, Yu Xianer was concerned about the name of the new website.
"It has not been decided yet. We need both sides to approve the cooperation plan before we can discuss it."
"That's fine with me."
"I agree."
"I have no objection."
Seeing that the other shareholders had no objections, Zhou Anan naturally would not have any objections. Anyway, his shares alone could not decide any major decisions of the company.
However, if Zhou Anan wants to enter the video website industry at this point and is aware of the future development of this industry, he must be mentally prepared to not make any profit for several consecutive years and to continue to invest money.
Cultivating hundreds of millions of paying members is not something that can be done overnight.
What's more, even with hundreds of millions of paying members, TX Video is still complaining about losses every day after many years.
In other words, for a long time in the future, Blue Whale Entertainment will suffer a significant loss in profits because of this video website.
Fortunately, he now has enough money to buy a house. If the short-selling team in Hong Kong City can make some money, he won't have to keep an eye on the dividends of Blue Whale Entertainment every day.
"Boss An, do you have any ideas?"
Hearing the reluctance in the major shareholder's tone, Feng Jiming looked at him and asked.
“.”
Zhou Anan looked at General Manager Feng in confusion, who asked a somewhat strange question, and was speechless.
He said the same thing to the other two shareholders, so why did they ask him alone? What did that mean?
After staring at General Manager Feng for two seconds, and then looking at the inquiring eyes of Miss Yu and Young Master Li, Zhou Anan explained helplessly: "According to the current profit model of video websites, it will take at least several years to make a profit. In the next few years, we will have to invest a lot of money every year to maintain and expand the website. The biggest benefit is that our company's film and television dramas have a platform for online output, and we don't have to be controlled by others."
"I don't think there's any problem. My Meimei.com is burning $2 million a month, and its market value is still rising. Even in the current economic crisis, many people are giving money."
Hearing her younger brother's concerns, Yu Xianer didn't take it seriously and gave the example of a food delivery website under her control.
“.”
Seeing Miss Yu talking about this, Zhou Anan didn't know whether to feel relieved or regretful.
If he had known that someone was giving him money to burn, he should have invested in some original shares. But now it's too late to say anything.
"If everyone has no problem with this, I'll have someone contact TX to set up a new video website as soon as possible."
After listening to Miss Yu's description, the ambitious Feng Jiming was ready to do a big job.
As a man who aspires to be an entertainment mogul, how can he not have an output platform after acquiring the resources for film and television production?
If you have money, it would be even better to invest in a cinema chain to output the movies produced by your own company.
The best thing is that if we buy a satellite TV station, we can even control the ratings of our TV dramas.
Then, everything is perfect.
"I heard that there was some problem with the rental at Huaman Film and Television?"
While General Manager Feng was fantasizing about controlling the entertainment industry in one go, Yu Xian'er asked Li Shucheng next to him.
Although she has a lot of industries under her control, due to the influence of her younger brother's hands-off approach, Yu Xian'er, who has distributed the power in her hands, does not have to handle many affairs on a daily basis.
Therefore, Yu Xianer also paid attention to the problems of familiar friends.
Moreover, Blue Whale Entertainment holds one-third of the shares of Huaman Film and Television, which is not an outsider's business.
"Well, there is a little conflict with the property management."
Speaking of this, Li Shucheng talked about it briefly and made a few excuses for his current girlfriend.
Strictly speaking, among the resources currently in the hands of Blue Whale Entertainment, only Huaman Film and Television, which recently moved to Hangzhou, has been in need of investment but has not yet produced any output.
Now that he has encountered some minor troubles, Li Shucheng is afraid that several shareholder friends will doubt his girlfriend's ability.
"If it's a rent problem, then change the company's address. There are many newly built office buildings in Xiasha now, the rent is cheap and the transportation is convenient."
Coming back to his senses from his fantasy, Feng Jiming made a very constructive suggestion.
"I have also talked about this with Xin Lan. She is also considering that there are several prefecture-level cities that are now establishing industrial parks. Xin Lan thinks that we can develop in prefecture-level cities. On the one hand, it can reduce the company's expenses, and on the other hand, it can use more funds to develop several current projects."
While several shareholders were present, Li Shucheng also talked about the current situation of Huaman Film and Television.
“Ding ding ding”
"Let me take a call first."
After looking at the number on the phone screen, Zhou Anan said something to several shareholders, then walked out of the meeting room and answered the phone: "Brother Tong, how come you, a busy man, have time to call me?"
"Haha, I never come to you for no reason. An An, do you have any friends in the film and television industry?"
(End of this chapter)
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