But consider the number of his musical works.
For Tencent to make Wang Yueheng's currently published works available for free, it would have to pay hundreds of millions of yuan in licensing fees every year.
Moreover, given Wang Yueheng's prolific musical output...
If he continues to offer every song he releases on Penguin Music for free in the future.
This copyright fee could very well grow to over a billion…
Penguin Music's revenue last year was only 7.5 billion yuan, with a net profit of less than 3 billion yuan.
It will definitely hurt to spend the money; it just depends on whether Tencent thinks this deal is worthwhile.
Once Wang Yueheng's work is introduced, attracting more users to use Penguin Software, net profit is likely to soar several times over.
"What if we also give you a portion of the equity in the Tencent Music platform?"
"Can this portion of the licensing fee be offset?"
The thought of having to pay hundreds of millions, or even billions, in copyright licensing fees every year to support Wang Yueheng is unbearable.
Sun Wenduo couldn't help but curse inwardly, "I might as well just give you the Tencent Music platform..."
"That's also possible, but the equity ratio should be determined according to the contract's term."
Wang Yueheng smiled slightly, indicating that he did not object to the opinion.
Ultimately, the equity stake will be determined based on the approximate number of works one will produce over the next few years.
The profits will only increase, not decrease.
Penguin Music's current total market value is approximately US$22 billion.
Based on a new song every five days, and writing two hundred songs in three years, plus the songs already released.
At least 2.7 billion in copyright licensing fees, representing approximately 1.7% of the shares.
Given the stock market bubble and extreme volatility, the equity stake should be at least doubled compared to cash returns.
Wang Yueheng has set his target price at around 3% of Tencent Music's equity.
final.
After a brief discussion between Sun Wenduo and the board leaders.
After a heated and protracted verbal battle with Mo Zixue and the legal team of Bubble Music,
Ultimately, Tencent agreed.
In exchange for transferring 3.5% of Tencent Music shares to Wang Yueheng, they obtained the right to authorize Wang Yueheng's free music works.
This also means...
Wang Yueheng will become the third largest shareholder of Penguin Music, after Penguin Group (holding 55% of shares) and Spo Technology (holding 9.4% of shares), and will hold Penguin Music shares under the name of Hengxue Entertainment.
And Penguin Music's fourth largest shareholder, following Wang Yueheng.
This is the "Berid" Group, which just acquired all of Ukraine's economic and industrial assets during the war, holding a 2.44% stake...
"Oh, right, I'd like to add one more thing."
"When the cooperation with the Penguin platform conflicts with my personal daily affairs, my personal affairs shall take precedence, and your company shall not interfere."
After finalizing the equity transfer agreement, Wang Yueheng continued to explain his requirements to the contract.
"Sure, no problem... whatever makes you happy..."
At this point, Sun Wenduo, the vice president of Tencent, had lost the enthusiasm he had when he first came to visit and negotiate.
The whole person was in a state of ethereal emptiness.
With just a few words, Wang Yueheng secured billions of dollars worth of shares from the behemoth Tencent, making him the third-largest shareholder of Tencent Music...
Even the most corny short dramas wouldn't dare to portray a domineering CEO falling in love with me like this...
Looking at myself, after years of hard work and countless sacrifices for Tencent, I'm only a vice president in name only…
In comparison.
I'm tired, really tired, let's just end this already...
I don't want to stay here for another second.
If the conversation continues, Wang Yueheng might end up becoming his own boss!
They arrived in good health, but left with a domineering boss…
Sun Wenduo, who is nearly fifty years old and has always maintained a gentlemanly demeanor, felt like he was going crazy for the first time!
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