Rectification Lin Feng found that the integration of film and television was actually difficult.

The Internet distribution platform is not a big problem, after the merger of Youtu, unless there are big players entering the game, in the next few years, Youtu will be the absolute boss in the online video market.

In fact, now the big players in China, in addition to the popularity, that is, Ali Baidu.

At this time, Ali's attention is still on Taobao and Chengxin Pay, while Baidu is still struggling with Google and the newly emerging Sogou......

There are too many Feng Xing leaders, and Lin Feng himself is a little embarrassed.

Who made Brother a reborn?

One step at a time, one step at a time!

Many times, the so-called lead, seizing the market, and finally laying the foundation for victory, is on this time difference.

As the saying goes, the one who enters Xianyang first is the king.

However, in addition to the Internet platform, the integration of other content in film and television is not satisfactory.

Although Fengxing had invested in three film and television production companies, Huayi Brothers, Guangguang Media, and Huace Film and Television, it was unable to occupy a controlling stake.

The film and television content resources that really belong to themselves are actually still weak......

Huayi is the lifeblood of Wang Zhongjun's brothers, and it is impossible for Lin Feng to buy it.

Even if Lin Feng now holds 20% of Huayi's shares, the shrewd Wang Zhongjun later brought in a group of bigwigs in the circle of friends, including Ma Yun, Jiang Nanchun, Lu Weiding, Yu Feng, etc., on the one hand, of course, it is necessary for financing, and on the other hand, it is not used to balance Lin Feng.

The music business is not the main business, and with everyone's friendship, it is not a big deal to transfer it to Fengxing.

But in the part of the media and film industry, the Wang brothers will never let go.

The light is also the same problem, Wang Changtian worked hard for ten years to pull the light bigger, if it wasn't for Lin Feng's sideways foot, the light and Huayou Century talked about merging last year...... , Lao Wang's eagerness to go public and capitalize can be seen.

Giving up 45% of Fengxing's shares is already his limit.

In terms of Huace Film and Television, on the contrary, Fengxing did not dare to get deeply involved in this aspect, the company's background and internal personnel relationship are too complicated, and Fengxing's investment in it is entirely for the future investment income in TV drama copyright and capital......

Therefore, if you think about it carefully, if Fengxing wants to really have its own film and television content resources, it is still necessary to wait for the future to acquire some emerging TV series and variety show production companies, and to create its own "Fengxing Pictures".

As for media platforms such as domestic TV stations......

Lin Feng couldn't even think about it, even if it would be ten years later, there would be no drama!

…………

Just when Lin Feng was not very satisfied with the layout of the media, an unexpected news made him entangled!

Hong Kong media broke the news that "Sixth Uncle" Run Run Shaw was once again admitted to St. Teresa's Hospital in Kowloon City (commonly known as the French Hospital) for treatment due to illness, and is still in the hospital.

Now there is news that he intends to change the shares of TVB held by the "Shaw Brothers"!

It is reported that Shaw Brothers holds a 26% stake in Hong Kong Television Broadcasts Limited (TVB) and is the largest shareholder of TVB.

In other words, the acquisition of this part of the shares of Shaw Brothers will become the owner of TVB!

After the news broke, the world's top private equity funds, including Yeung Kwok-keung, chairman of mainland billionaire Country Garden Group, and Blackstone Fund, led by former financial secretary Leung Kam-chung, as well as Blackstone and Carlyle, approached TVB to bid for the shares.

TVB？！

Yes, that's the TVB!

For mainland audiences, TV series such as "Huo Yuanjia" and "The Legend of the Condor Heroes" produced by TVB once triggered a grand scene of thousands of empty alleys; Chow Yun-fat, Stephen Chow, Tony Leung, Andy Lau ...... and other "golden generation" in the Hong Kong entertainment industry are also from TVB.

Television Broadcasts Limited (TVB) was opened on November 19, 1967 at 77 Broadcast Road, Kowloon Tong, Hong Kong, and was the first TVB television station in Hong Kong, so it is generally known as "Hong Kong TVB" or "TVB", and it is also the world's largest Chinese-language commercial television station.

In 2007, TVB's turnover exceeded HK$4.3 billion. Its global business covers television broadcasting, pay television, program production and distribution, animation agency, satellite television, magazine publishing and related businesses.

It has two channels, one is the Chinese channel Jade Channel, which broadcasts in Cantonese, and the other is the English channel Pearl Channel. In addition to being once dominated by the opponent ATV (ATV) in the early 80s of the last century, he has been firmly in charge of Hong Kong TV.

At the same time, TVB also has a high rating in eastern Guangdong, and the residents of the Pearl River Delta region adjacent to Hong Kong have a convenient geographical location, and many families in the Pearl River Delta watch Hong Kong TV, even since 2004, after domestic and foreign TV (including Phoenix Satellite TV, Star TV, China Entertainment TV, MTV and Macau's MASA TV) can land in eastern Guangdong, the ratings of Hong Kong TV dramas still occupy an overwhelming advantage, especially TVB Jade Channel's highest ratings.

In addition, Southeast Asia has always been an important overseas market for Hong Kong's entertainment industry, especially the overseas Chinese market in Malaysia, Vietnam and other places, and all entertainment programs in Hong Kong have become important spiritual food for them. Since Singapore banned Chinese dialect programs in the late 90s of the last century, TVB's copyright business has become one of the important local entertainment programs.

TVB also cooperated with Taiwan's Era Group to launch TVBS (with four channels) in Taipei, opening up the Chinese regional market. At the end of the 90s, satellite channels TVB8 and Galaxy were added, and there were five Chinese channels in the United States, 14 channels in Australia, one Chinese channel in Europe, and one channel in Japan.

Therefore, in terms of the regions covered by TVB's programs, due to the abundance of program sources and traditional appreciation habits, the above-mentioned markets are all stable markets for TVB, and they are also the places with the most commercial value of TVB.

It is no exaggeration to say that when you join TVB, you will have a super media empire covering the global Chinese circle!

The most important thing is that in China, there are policy and regulatory restrictions on obtaining a controlling stake in a TV station, which is "only possible in Hong Kong"!

For Lin Feng, this is the biggest temptation!

To be honest, Lin Feng, who was reborn, actually knows that in the next ten years, TVB will gradually decline.

On the one hand, "shortage of funds + narrow market + loss of infighting" and "poor content + sharp reduction in salary + talent leaving the nest" are mutual cause and effect, forming a vicious circle. On the other hand, this is also an inevitable trend caused by the rise of China and the transformation of the comparative advantages of Hong Kong and the mainland.

Hong Kong's local market is declining, and artists are "looking north to China" and going north to the mainland to dig for gold.

The acquisition of TVB now, if from the perspective of capital, is not a good business......

But!

It's a TV station!!

It's not a satellite TV with little influence like Star TV, but an old TV station that covers more than 30 million people and has huge influence around the world!

There are very few opportunities to get it, and if you miss this village, you won't have this store!

Moreover, there are huge "political gains" in this, TVB has a very special position in the hearts of Chinese people around the world, if Lin Feng can buy it, whether it is in the audience of the Chinese circle or in the high-level of the capital, his invisible prestige and influence will be greatly increased.

At the same time, from the perspective of copyright resources, TVB's huge film library accumulated in the past 50 years still has high IP value!

If we can rely on TVB's rich copyright library, high-quality production team and effective publicity and distribution channels, fully develop its IP, and then make full use of Fengxing Group's Internet new media channels, coupled with TVB's huge loyal audience base in the mainland accumulated before......

It is not impossible for TVB to rejuvenate itself in the fast-growing mainland market.

As soon as he thought of this, Lin Feng made up his mind to bid for TVB!

………………

If you want to win TVB, the most important thing is to find out the mind of the "sixth uncle", who does he want to sell to?

In fact, since two years ago in July 2006, when the 98-year-old Run Run Shaw was hospitalized for pneumonia, it was rumored that TVB would change hands at any time;

Over the years, TVB has also reported the news of "buyers" many times:

Media tycoon Murdoch wanted to buy TVB in 1987, but he did not get the approval of Uncle Liu; in 2006, after reducing his stake in Phoenix Satellite TV by 20%, he made another move to buy TVB, but was scared away by the asking price of 10 billion Hong Kong dollars.

"Little Chao" Li Zekai wanted to buy it as early as 1988, and the sixth uncle said to him: "Nephew, you are too young, let's talk about it in a few years."

By 2006, Li Zekai asked other consortia to start contacting TVB, and he himself was behind the scenes as a mirror collector. But this move angered the sixth uncle, and the Hong Kong media described him as a tragic "accompaniment".

The chairman of the Chevalier Group, Zhou Yiqing, who is worth HK$1.6 billion, has a close personal relationship with Run Run Shaw, so in 2006 he was favored by mainland funds and persuaded him to buy it, but he verified that the source of the funds was unknown, so he gave up.

Guo Henian, who owns the SCMP group of the South China Morning Post, was also one of the candidates in the TVB battle. However, according to the current law in Hong Kong, if he owns more than a certain percentage of the print newspaper, he cannot hold shares across media, so his acquisition will not be completed.

In May this year, the most accurate buyer news was Yang Guoqiang, chairman of Country Garden, and Xu Rongmao, chairman of Blackstone Fund and Shimao Group, led by Liang Jinsong.

However, since the Blackstone Fund is foreign-owned, Uncle Liu's own intention is to hope that TVB can be sold to Chinese-funded institutions, but there is still hope if the bid is high.

So far, Yeung is believed to be the only buyer who meets Sir Run Run Shaw's criteria – $10 billion, a cash deal, and preferably Chinese.

To be honest, the minimum offer of 10 billion Hong Kong dollars insisted on by Uncle Sixth is indeed too high!

It's no wonder that many buyers are scared off.

At present, the market value of TVB is about 22 billion Hong Kong dollars, and if you follow 26% of the shares, the market value of this part of TVB shares held by Shaw Brothers is only between 5.7 billion and 6 billion Hong Kong dollars.

Even if it is acquired at a premium, the premium of 30% will be about the same as 8 billion Hong Kong dollars, and 10 billion Hong Kong dollars is indeed unfair.

But after all, this is TVB, a media empire that has been inherited for nearly 40 years and is well-known at home and abroad.

For Shaw, the amount of money in the transaction is important, because it is the biggest effort of his life.

The figure of 10 billion has never changed in the past few years, and it is obvious that who will take over his media empire and continue the glory of TVB should be more important to him.

From this point of view, Lin Feng could also understand his feelings.

There is definitely no shortage of money, but when to enter the game and at what price to buy, you still need to think about it.

After all, the financial crisis is coming, and TVB's stock price will also plummet.

This is also the reason why Yang Guoqiang did not succeed in the acquisition in the end in his previous life.

He is underfunded!

Yang Guoqiang offered 12.5 billion Hong Kong dollars, although in terms of price, he was the most sincere among the bidders, but in fact, he did not have enough funds on hand.

At the end of 2007, the state continued to regulate and control new policies, and land, credit, taxation, financial and other means were frequently introduced. The introduction of a series of regulatory policies, such as the introduction of a series of regulatory policies such as the introduction of a series of regulatory policies such as the introduction of a family unit for second housing, the levy of land appreciation tax by enterprises, and the restriction on land hoarding by developers, have greatly increased the financial pressure on developers. Gone are the days when land was king, huge land reserves have become a hot potato, and the cash chain has become the most vulnerable link in Yang Guoqiang's business empire.

Therefore, Yang Guoqiang asked a bank consortium to mortgage the shares of Country Garden and planned to borrow 7.8 billion yuan, and at the same time, Li Shau-kee, a fellow villager in Shunde and chairman of Henderson Land, personally borrowed 3 billion yuan from him. The sixth uncle still hopes to sell it to him, seeing that he is very sincere, and the funds are not enough for the time being, and he is willing to borrow 3.5 billion Hong Kong dollars from Yang Guoqiang in the form of "seller financing".

It seems that Yang Guoqiang has been able to successfully complete the acquisition......

It's a pity that first of all, "Chinese-funded" does not bless ......

The syndicated loans led by Citibank have been withdrawn by Chinese banks, so Yang's target of borrowing US$1 billion (HK$7.8 billion) may not be met. It is understood that the Chinese banks that have withdrawn include Bank of China Hong Kong, Bank of China Macau Branch, Bank of Communications and ICBC Asia, and the remaining banks are foreign-funded banks, including Citigroup, General Financial, Standard Chartered and Sumitomo Mitsui.

The consensus of the outside world is that if you want to buy TVB, you need to be "blessed" by Chinese capital to succeed, and Run Run Shaw also expressed his hope that someone with a Chinese background will be in charge of TVB, but now Yang Guoqiang is not "blessed" by Chinese banks, and Chinese banks are considered by the Hong Kong industry to be a weather vane to judge whether Yang Guoqiang has government support.

Secondly, the financial crisis broke out, and TVB also fell from a price of nearly 50 Hong Kong dollars to 28.8 Hong Kong dollars. Country Garden's share price has fallen from a maximum of about 13 yuan to more than 1 yuan.

In other words, the shares pledged by his syndicated loan are no longer enough to support the high value of HK$7.8 billion.

The time and place are right, and the time is also fate.

Later, it was not until 2011 that a consortium composed of "Shell King" Chen Guoqiang, Wang Xuehong and ProvidenceEquity successfully acquired TVB at a price of 6.2 billion Hong Kong dollars.

For Lin Feng, if he wants to acquire TVB, he must seize the opportunity.

It is necessary to wait until the signal of the withdrawal of "Chinese capital" is issued, and Yang Guoqiang's loan is blocked. can't wait for the outbreak of the financial crisis, TVB's stock price fell too hard and the stock price was too low, otherwise the price of 10 billion would be obviously unrealistic. can be less than 10 billion, and the sixth uncle can't accept it psychologically, after all, it is the bottom line in his heart that he has insisted on for so many years.

The biggest possibility is that this TVB "sell" is miscarried again.

10 billion Hong Kong dollars, 1.28 billion US dollars, of course Lin Feng can take it.

However, in this financial crisis, he spent more money in the original plan, and TVB was an unplanned and temporary situation.

If you can spend less money, you can spend less, if you can have syndicated loans and "Chinese-funded" blessings, and then pull a few partners together, you can save money and get control of TVB, wouldn't it be better?

…………

On May 30, 2008, at the same time as the media reported that the Bank of China and other Chinese-funded banks had withdrawn from Yang Guoqiang's loan consortium, Lin Feng and Ye Weiyu flew to Hong Kong by private plane and returned to the Lin family's mansion on Shek O Road, Tai Lang Wan.

On June 1, Lin Feng and Ye Weiyu, accompanied by several bodyguards, drove to the Shaw Residence in Clear Water Bay Building, Sai Kung, to visit the sixth uncle.

Due to the recent TVB bidding incident, many reporters who were waiting here took photos of Lin Feng and his wife meeting with Run Run Shaw and Fang Yihua.

Subsequently, the news that Lin Feng, the new richest man in Asia, the richest man in China, and the richest man in Hong Kong, entered the game to participate in the bidding for TVB immediately appeared on the covers of major financial media around the world!

All the time!

Subsequently, news came out that the TVB who really participated in the bidding was not Lin Feng, but "Mrs. Lin", Ms. Lin Yeweiyu!

Media analysis: In Hong Kong, the media is also a sensitive industry, especially for free-to-air television stations, which have strict restrictions on the identity of shareholders.

Under the Broadcasting Ordinance, prior approval from the Broadcasting Authority is required if the shareholder owning more than 2% of the free TV shares is a non-resident of Hong Kong. The shareholding ratio of such persons cannot exceed 49%.

Lam Yewei Yu has a Hong Kong identity card, so the acquisition of TVB in her own name does not contravene the restrictions in the Broadcasting Ordinance.

According to the news, this time, Lin Yeweiyu's bid for TVB equity has been supported by a consortium of banks, including Bank of China Hong Kong Branch and other Chinese banks, and the funds quoted at 10 billion Hong Kong dollars have all been received and can be traded at any time.

Although her offer is slightly lower than that of Yang Guoqiang before, she has the financial support of the Internet giant Fengxing Group, which has a market value of 100 billion US dollars, and has received the blessing of "Chinese capital", and at the same time, it is said that "Mrs. Lin" and "Miss Fang" have a good conversation.

Analysts have expressed their opinions: "Mrs. Lin" will join TVB, which is almost a foregone conclusion!