Chapter 405 Annual Meeting of the Company (Final)

Just when people thought that the pattern of online book stations had stabilized, a sweeping anti-pornography campaign across the entire Chinese Internet suddenly fell on the heads of literary websites.

In August and September 2004, websites such as Tianyin, Reading and Writing, and Cuiwei were censored or even shut down one after another, and websites such as Qidian and Phantom Arrow also launched self-examination activities, and a large number of works were deleted or blocked.

This sudden and unexpected event upset the balance that had just been established, and readers who had nowhere to go due to the closure of websites such as Tianyin had to move on to other websites.

During that period, there was a huge increase in traffic to websites such as Qidian, and as a result, websites became very slow and often had link errors.

However, the websites that survived the movement have also developed tremendously, with the biggest ones benefiting from the Enlightenment and Phantom Arrows.

Climbing, on the other hand, due to the lack of its own works, almost completely halted the VIP update after the day was closed, and failed to receive the reader resources left by the allies, thus losing the last chance for rapid development.

And the matter is far from over, when the situation of the confrontation between the north and the south of the phantom arrow and the starting point is about to be formed, Shengda announced his arrival with a "letter to the author of fantasy".

PT Literature, which has not been established long ago, relied on Shengda's strong funds to sign contracts with many well-known authors in the form of buyouts, and there was a wolf cry on the Internet.

However, PT literature did not grow as rapidly as Shengda expected, although it has many famous artists, but the number of readers is not as good as that of small websites such as Xinxin.

The flow of people playing games did not translate into reading books, and soon the development of PT literature entered a bottleneck, not only the growth of the number of readers was slow, but also the joining of new authors slowed down.

Because the remaining excellent authors basically have contracts, it is difficult to poach, and the hematopoietic function of PT literature itself (cultivating new authors) is weak, and it is difficult to attract new authors.

Now, the network and literature pattern has formed a situation of three parts of the world.

Qidian relies on a large number of VIP authors and members, as well as the continuous emergence of new artists and new works, accounting for half of the country.

Phantom Sword relies on the accumulated historical resources and the good relationship with the old authors and publishers to occupy a place. However, the weakness of the hematopoietic function of the phantom sword itself determines that it is difficult to have any room for upward development.

Although PT Literature is at a disadvantage in terms of readers, authors, etc., it has a huge advantage that other literary websites do not have, that is, its almost unlimited financial advantage.

Whether it is publishing or VIP, it is all reflected in the remuneration in the end, and Shengda's abundant funds allow him to attract authors with remuneration that is much higher than that of other websites.

Although according to that remuneration, even if it is a VIP release at Qidian, it will definitely lose money, but Shengda is fully able to bear this level of loss.

Therefore, although PT literature is the weakest of the three, it is entirely possible that it will replace the position of the starting point after 2 or 3 years of development.

If we follow the trajectory of the previous life, Shengda Literature did not wait for two or three years, but directly acquired Qidian, which permanently changed the territory of the literary website, and announced the end of the Bronze Age.

The online literature industry has completely entered a situation of dominance.

But now it's different, although Shengda also sent an invitation to buy Qidian, but Chen Hao refused without hesitation? Qidian, the largest original literary website in China, Chen Hao will not sell it no matter how much money is given.

"Now we have rejected Shengda's acquisition, but they are likely to turn around and buy Phantom Sword, and then merge with PT? plus Shengda's point card recharge outlets all over the country?

This year is likely to be the year when Qidian has dealt with the most violent impact of Shengda Literature, and with the fact that we need to update our servers, the cost of remuneration is increasing.

Although Qidian's profitability is already the highest in the industry, it still has a lot of shortcomings, so we want to apply for a budget of 10 million yuan this year to deal with this tough battle. Wu Wenshen stared at Chen Hao after speaking.

Qidian is now unique in market share, but if Shengda acquires Phantom Sword, it will be a great threat to Qidian, no matter how you find a way, capital is essential.

"No problem!" Chen Hao nodded directly.

Wu Wenhui was relieved when he heard this? Previously, Qidian had discussed internally and felt that 10 million plus Qidian's own profits should be able to stabilize his position, but he was worried about whether Chen Hao would cut the budget.

Now Chen Hao nodded directly in agreement, which made Wu Wenshen couldn't help laughing, in 2005, it is likely that the two powers will compete for hegemony, even if it is the Romance of the Three Kingdoms, they can't relax in the slightest.

The starting point has obviously not yet reached the point of sitting firmly on the Diaoyutai!

"Next, let me report on the development of Haotian Cinema and cinema chain? Last year, Haotian Cinema built three new five-star cinemas in the three first-tier cities of Imperial Capital, Yangcheng and Pengcheng.

A total of 7 new multi-functional theaters have been built in Rongcheng, Jiangcheng, Fengtian, Yuhang, Pengcheng and Shancheng, but these are joint ventures with Huaying and Sony Columbia.

Our investment ratio is only 30%, and the total cost is about 18 million yuan!

At present, Haotian Cinema has a total of 56 theaters and 254 large screens, and 2 more theaters joined Haotian Cinema last year.

At this time, Haotian Cinema Line has a total of 86 theaters and a total of 360 big screens!

At the same time, the box office revenue of Haotian Cinema in 2004 totaled about 55 million yuan, an increase of 122.22% year-on-year, and it also ranked third in theater revenue!

In addition, there are snacks for sale, advertising space rental, pre-screening advertising fees and other revenues totaling 4.5 million.

After deducting the investment in theater construction, taxes, labor costs and other expenses, all revenues made a total profit of 16.5 million yuan!

As for the lack of plans to build new theaters this year, the main thing is to train new employees and get the newly built theaters on track as soon as possible. Chen Xiangang said.

Chen Hao nodded when he heard this, it was Chen Hao's decision not to build a new theater, because the state will adjust the proportion of theater investment in shares this year.

Last year, in order to stimulate the development of the film industry, the state relaxed the restrictions on private and foreign investment in the field of cinema investment, and the maximum proportion of foreign capital in the pilot cities can reach 75%!

The effect is also remarkable, with a number of foreign-funded companies such as Warner, Sony Columbia, Paramount, and South Korea's CJ Group entering the mainland cinema market.

It's just that in the middle and second half of this year, the proportion of foreign ownership will return to 49% before 2003, which will undoubtedly greatly hit the enthusiasm of foreign-funded enterprises to enter the mainland cinema market.

At that time, many foreign-funded enterprises should choose to leave the mainland, and then it will be Chen Hao's time to pick up the leak!

"Yes, Haotian Cinema needs to digest it well now before it can continue to grow. Chen Hao said with a smile.