Chapter 123: Creating a TVB
On the way home, Li Hualong sat in a car with his father and brother, Li Hualong sat in the passenger seat, while Li Yisong and Li Huawen sat in the back, and Li Huawen was going to Li Hualong's house for the night.
Li Hualong remembers that Li Xiaohe and Run Run Shaw and others were the co-founders of TVB, and at the beginning of the establishment of this TV station, the largest shareholder seemed to be Li Xiaohe.
Later, Lee Hyo-wo died, and Run Run Shaw bought a stake in TVB from Lee Hsiao-wa's widow, and TVB entered the Shaw era.
"I bid for the TVB license alone, for me, money is not a problem, but I am a layman, if I run a TVB TV station alone, I may need to continue to invest money in the TV station for a long time, and find someone to cooperate in the operation, which can reduce the risk. But there are three gangs of a hero, I don't need to be too alone, I should find a few partners. When the TV station is on the right track and has formed a scale, I will buy shares from other shareholders at a high price. In the next ten or twenty years, if I do other businesses, the return on investment will definitely be greater than the market value of TVB......"
Li Hualong thought about TVB, thought about it, and laughed out loud.
"Aaron, what do you want to do, say it and let everyone share it!" Li Huawen said with a smile.
Li Hualong turned his head, looked at his father and brother, and said with a smile: "Just now Su Wencheng said that the Hong Kong government wants to send a TVB to take pictures, and I am interested in running a TV station. ā
"If you can run a good film company, you should be able to run a good TV station." Li Huawen said something from his heart.
"Big brother, when you say this, you have lifted me up a bit. As for how to run a TV station, I have learned six out of seven. ā
"What seven tricks have passed through six tricks?" Li Huawen asked puzzled, he didn't understand what Li Hualong meant for a while.
"I don't know anything, I'll talk after the break!" Li Yisong smiled, "Stupid! ā
"Oh, seven tricks through six. I don't know anything, hehe, it's kind of interesting, I haven't heard it before. Li Huawen said with a smile, "Aaron, I have heard you say many times that when you are born, you don't understand anything, and you need to learn before you can have knowledge." As I understand it. Since you set foot in the business world, you have been involved in many industries, and you have been successful. ā
"I can run a TV station as a sole proprietorship, and money is not a problem, but the risk is too great, and it may not be profitable for a long time, and even until the TV station is sold to others or chooses to go bankrupt, the TV station will not be able to make money. In the case of a high risk factor. Finding someone to work with is the safest way. ā
"No, didn't you say that risk is directly proportional to return on investment!" Li Huawen said with a smile.
"I didn't say it was absolute. And also. Not everyone can be found as a partner, find a capable person to jointly run a TV station, only need to invest a sum of money, and the rest of the things. Others can help us solve it, and we can make money sitting at home, which I think is far better than running a sole proprietorship. ā
"Looks like you're optimistic about the prospect of running a TV station?" Li Huawen smiled.
"That's right." Li Hualong smiled. "In addition to profits, I also fancy the particularity of the TV industry, the tools of public opinion propaganda, and there are many potential benefits to mastering a TV station with extremely high ratings."
"Or do you want to go deeper!" Li Huawen sighed with a smile, "If you were born 20 years early and entered politics, you would definitely be like a fish in water." ā
"I'm too tired to be in politics, I don't like it, my personality is not suitable for politics."
"yes!" Li Huawen smiled and asked, "How much does Li's Yingsheng make in a year?" ā
"The profitability should not be bad, I don't know exactly how much I can earn in a year, I haven't investigated, and I haven't heard anyone else talk about it." Li Hualong said with a smile, "I estimate that after the launch of TVB, Li's Yingsheng's income will definitely drop sharply." ā
"You don't have to pay to watch TVB at home, right?" Li Huawen asked.
"No, the main income of the TV station depends on advertising fees."
Back home, Li Yisong and his son took off their clothes and pants, leaving only a pair of underwear, and the three jumped into the pool and played in the water for a while.
Li Huawen sighed with a smile: "It's good to have a swimming pool at home!" ā
Li Hualong smiled and said, "Big brother, don't you have an indoor small pool at home!" ā
"A small pool can't compare to a big pool."
"Isn't there vacant land in the south of your house, and now that the property market is sluggish, if you pay a high price, the government will definitely sell it to you."
"Southside?" Li Huawen was stunned, "Then it's an open space, it's all mountains and rocks." ā
"You can dig a mountain and dig stones."
Li Huawen thought for a moment, nodded and said, "Ah Long, your construction is good." When the land is leveled, the house I live in now will be demolished and rebuilt, and it will be properly designed. By the way, Abba, that house is still in your name. ā
"In a few days, I'll transfer the house to your name."
"Thank you, Abba!" Li Huawen said with a smile.
Li Yisong and Li Huawen, father and son, are now urban billionaires, and a villa worth hundreds of thousands of dollars is less than one percent of their assets, and for them, a villa is nothing.
Li Yisong smiled faintly, and then asked Li Hualong: "Ah Long, how many shares do you plan to take in the joint venture bid for the TVB license with others?" ā
"It depends." Li Hualong paused, "Even if you are not a major shareholder, it doesn't matter, but the shareholding ratio can't be too low." ā
"Shall I join a share?" Li Huawen asked.
"Ask my opinion?" Li Hualong asked with a smile.
"yes." Li Huawen smiled, "Your words are good words. ā
"I'll build yƬ, you don't want to take a stake for the time being. At present, there are not many families in Hong Kong who can afford to buy TV, and running a TVB TV station may not make money for a long time, and even if it does, the return on investment will not be very high. That's how I think about it, I'll take a stake in a share and become a director on the board of directors of a TV company, and then I'll spend money to buy shares from other shareholders in the future, and then I'll spend money to buy shares from other shareholders, which will be more cost-effective. At that time, you are still interested in the TV station, and you can invest in shares. ā
Li Huawen was stunned for a moment when he heard this, then nodded with a smile: "It seems that you are still thoughtful." ā
"It's nothing." Li Hualong smiled modestly, "It's all my own imagination, and the truth may be completely different from what I think." ā
"Who are you going to work with?" Li Yisong asked casually.
"Maybe Li Xiaohe will be interested, and I'm going to talk to him. In a few days, his wife's birthday, I was going to take Meng Meng to the birthday party. ā
"Lixiao and his wife invited you?" Li Huawen asked.
"Nope. Tonight, I heard from the manager of the Mandarin Oriental Hotel, since I know, even if the other party doesn't inform me, I will participate. ā
"Before you go, you give the other party a call, not everyone likes uninvited guests." Li Yisong reminded.
"Got it. Tomorrow morning, I'll call Lee Hyo-he. ā
A few days later, in the evening, Li Hualong took Yang Meng to attend the birthday banquet of Li Xiao and his wife Li Lu Yanqun.
At the banquet, Li Xiaohe took the initiative to talk to Li Hualong about the TVB license, and he hoped to set up a joint venture with Li Hualong and some others to bid for the TVB license issued by the British Government of Hong Kong.
Li Hualong immediately expressed his willingness to participate in the cooperation and asked for some details.
A few days later, Li Xiaohe had a dinner at the Cultural Oriental Hotel, and invited Li Hualong, as well as Qi Dezun, chairman of Hutchison International, as well as representatives of the United States broadcasting organization, and several people sat down to discuss cooperation to form a consortium to participate in the bidding for TVB licenses.
Before the meal was finished, a verbal agreement was reached.
Li Xiaohe is the largest shareholder, holding 35 percent, Li Hualong holds 25 percent of the shares, is the second shareholder, and the remaining 40 percent of the shares are divided by Qi Dezun and others.
Li Hualong and Qi Dezun have met a few times, but they have never dealt with each other, and he is still quite concerned about this person.
Qi Dezun was an Englishman who was serving in Hong Kong when the Japanese attacked Hong Kong, and after the fall of Hong Kong, he became a prisoner and was imprisoned in a Japanese concentration camp.
Rescued by the Dongjiang Column, Qi Dezun successfully escaped from the concentration camp with another companion of the artillery team and a member of the Volunteer Legion, and finally arrived safely at the Allied positions on the Chinese mainland.
His escape from the concentration camp was a great encouragement to the British army, and he was later awarded the Cross of Merit and later the OBE by the British Empire.
After fighting in India, Burma, Thailand and China, he retired from the army after the end of World War II and returned to Hong Kong in 1947 to join the business world, and in the same year joined Hutchison & Co., a third- and fourth-rate British-owned foreign firm. At that time, Wheelock held half of the shares of Hutchison, and in 1954 he became chairman of the board of directors of Hutchison, and in 1963, he acquired the shares of Hutchison & Co., a listed company, and through IWC, he acquired the shares of Hutchison & Co.
Not long ago, he completed the acquisition of Hutchison & Co., and renamed Hutchison & Co. as Hutchison International, with himself as chairman.
Li Hualong knew that Hutchison International was one of the predecessors of Hutchison Whampoa, and he still remembered that in the future, the company would encounter a crisis due to rapid expansion, HSBC would take over to save it, and in the end, the company was bought by Li Ka-shing.
Although he knew that Hutchison International would encounter a crisis in the future, Li Hualong did not plan to say anything to Qi Dezun, he also thought that the company would encounter difficulties in the future, and if he felt that this company was worth acquiring, he would buy Hutchison International before HSBC took over.
ā¦ā¦
On August 8, a total of six consortia participated in the bidding for the relevant Hong Kong TVB licences, which were finally won by the Television Broadcasts Limited, which was formed by Lee Hsiao-wo and Lee Wah Lung.
It takes a lot of work to set up a TVB TV station, and although it has obtained a license, it will be difficult for the Television Broadcasts Limited to broadcast TVB to Hong Kong audiences within two years.
In the early days of the establishment of Television Broadcasts Co., Ltd. (hereinafter referred to as TVB, referred to as TVB), Li Hualong, as one of the shareholders, almost did not participate in the management, and many things needed to be decided by shareholders. (To be continued......)