0702 Core Values

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Opinions on the rise and fall of the music industry are mixed, and reviews are inconsistent.

The only unanimous view, both pros and cons, is that industrial music is accompanied by the popularity of digital music, that decline is inevitable, and that record labels that rely on CD sales profits may survive now, but it is difficult to say in the future.

At that time, the birth of ITunes was not so much the victory of Chenxing Technology, but the dawn of the record giants - the record companies that were tormented by piracy and could not find a way to recover their losses after the rise of the Internet finally appeared a "safe haven" before the storm of ruining miè came!

As for the gains lost in the process, they were forced to give up in order to survive.

As a world-famous pop singer, the record sales are in the tens of millions, so Cher? Although Crowe is one of the top 10 best-selling stars in ITunes, with record revenue accounting for more than 8o% of her total revenue, she is keenly aware that once the record industry declines as a whole, her income will inevitably fall sharply.

No matter how high her sales in ITunes are, it will not be possible to recoup these losses.

"For a lot of people, what does the popularity of the Internet really mean?" Song Chen shook his wine glass, his eyes stared faintly at the scarlet liquid that was slightly shaking in the transparent glass, and he showed a smile that seemed to be nothing, "It means a change in the way of obtaining information, a change in the way of life and experience, and a subversion of the traditional buying and selling market...... The past practice of sellers relying on asymmetric information to control the market will gradually become a thing of the past, and this is true for the retail industry, and the record industry will be no exception! ”

"According to you, the future of the record company will not be easy!" Gerald? Belu half-truthfully joked, "That's the case." Maybe I should have sent a report to warn my boss to sell off the record company's stock! ”

Song Chen shook his head and said with a smile: "It's okay for Mr. Beilu to misinterpret what I mean, but don't use my speculation as a reference standard, if my misjudgment leads to your company's strategic mistakes." I'm not responsible! ”

As soon as the words fell, the three women pursed their lips and laughed.

Gerald? Beilu smiled very heartily: "From the beginning of your business to today, whether it is products, financing, strategy, operation, investment, etc., all of them are stepping on the node of the current situation, and public opinion says that you have accurate industrial intuition, if you don't believe it, who else can you trust?" ”

Song Chen laughed at himself: "What I don't like the most is to be deified!" The success of Chenxing Group must be due to my guidance. But at the end of the day, it's important to choose the right person! So far, my subordinates have been competent in various positions! ”

I don't want to extend too much on this topic, and Song Chen doesn't want Gerald to do it? Beilu shared his "crossing dividend", so he pulled back the topic just now, and said: "The record company will have a good time in the future." It's not about record revenue, it's about the success of the transition! At the end of the day, record labels have something that anyone who wants to subvert them can't get around it! ”

"Let me guess!" Cher? Crowe smiled, pondered for a moment, and then replied, "It's the musician and the copyright!" ”

Song Chen corrected: "To be exact, it's the content!" The core value of record labels is to aggregate content resources, trying to blame their failures on piracy and cheap record companies with digital music. It must be a loser who deserves the brunt! ”

Gerald? Belu was thoughtful, and Cher? Crow, as a very famous singer, fell into deep thought; Also deep in thought is Zhai Yue, Chenxing Technology is now in the same breath as the record company, and Song Chen's insight helps her to understand the relationship between them deeply.

"The Internet itself is speeding up the flow of information, and good content will be more accessible than ever. For example, ITunes, as an emerging digital music online sales model, because ITunes directly faces tens of millions of Internet users, which is equivalent to directly pushing singers and their works to these users, whether it is Miss Cher, who is a frequent guest of Gler, or an unknown online original singer! Theoretically. The chances are equal for both parties, and the quality of the song will motivate consumers to decide whether to become a big fan of the singer instead of relying on the record label and whether the singer is famous or not! ”

Cher? Crowe nodded silently.

Because of Cher? The star Crowe is here, and Song Chen has more or less some interest. The opinions that I have thought about in the past will also be expressed in this atmosphere unmistakably.

"In fact, those stars who have long been famous in Europe and the United States generally have their own resources to independently produce zuΓ² content, and at most they also cooperate with record companies in the industry! ITunes is actually a kind of industry channel, and the record company is not very different, my view on the future of the music industry is that digital music will break the process of traditional publishing and industry model, and singers' dependence on traditional record companies will become weaker and weaker, so we are also persuading more singers to cooperate with us Chenxing Technology to authorize network copyright resources to us! ”

Picking up the red wine and taking a sip gently, Zhai Yan smiled lightly: "I didn't realize that you actually have the eloquence to run sales and do sales!" ”

In my last life, I was running sales under you, right? Song Chen couldn't help but roll his eyes.

Cher? Crow covered his face with one hand and smiled, looking at Song Chen's tenderness and sweetness with the two women who were related by blood, she felt Song Chen's love and affection for them. From this point of view, she felt that Song Chen could have so many women, and I was afraid that it was not just because of his money.

Of course, it is also the fact that Westerners have rich private lives, and mistress culture has been popular for hundreds of years, so it is not surprising to see an example like Song Chen! Even, the object they regard as an alternative is not the debauched Song Chen at all, but the tolerant and docile Zhang Ruoxi!

For any woman or even his wife, Zhang Ruoxi's thoughts are incomprehensible!

Cher? Crowe smiled slightly: "Mr. Song's words are thought-provoking, subverting a lot of cognitions that I didn't dare to think about or want to think about before!" ”

Song Chen was noncommittal. Only he knows that there are still many reservations in what he said just now: the attitude of Internet companies towards the music industry is vague, it is not only the destroyer of the original ecology, but also the builder of the new ecology, so it is unimaginable to make musicians grateful to ITunes!

It's possible for those original online singers who dream of "becoming famous and known to the world"!

When it comes to music, the five of them are all talking about it, but let Song Chen and Gerald? Belu forgot the original purpose of this meeting - maybe they didn't forget it, they just didn't want to lose the initiative and make the other party feel impatient.

But in fact, Gerald? Beilu didn't think that Song Chen would be the eager party, because he had so many partners to choose from! After coming to Silicon Valley, he heard about Kant, who has been famous in the past two years? Pamo became interested in Internet companies again, and his wife, Mrs. Parme, heard that she was in close contact with Zhang Ruoxi, which deepened his sense of urgency!

Gerald? Beilu looked directly at Song Chen and said slowly: "It is necessary for us to restart the googLe investment project that was temporarily shelved by us last year!" ”

"We have a big disagreement on how we value it! This...... SoftBank agrees with me! Song Chen paused slightly, smiled and took the other party's army. Considering your sincerity in investing in aRm, Legg Mason Group is still our first consideration! ”

If you're in line with you, you're a ghost, unless Son intends to dilute his stake! Face, Gerald? Belu said quietly: "Thank you! I still have an objection to googLe's valuation, but that's okay, as long as there is good faith, I think we will reach a consensus soon! ”

"I hope so! However, because googLe needs more funds, in addition to SoftBank, which will make additional investments to ensure the equity ratio, we will also make senior bonds for foreign banks! ”

"......" Gerald? Beilu raised his eyebrows and asked in a deep voice, "googLe's data center project has been officially put into operation, is it necessary to build another data center, so we need to continue to raise funds externally?" ”

Two men talking about serious things, Cher? Crowe shrugged his shoulders boringly, while the two Zhai Yue sisters smiled.

"No!" Song Chen shook his head, "It's not for the sake of counting jΓΉ center, googLe's Series B financing and bank bonds are used for acquisition purposes!" ”

Gerald? Belu was silent for a moment and then said, "What is the funding gap for googLe!" ”

"About $1.5 billion!"

This staggering number not only makes Gerald? Belu gasped, Cher? Crowe also looked like a hell. However, after all, the former had seen a big scene, and thinking of the previous news, he quickly woke up: "Is it to buy the double-click company?" But I've heard that Yahoo's board of directors is considering an offer from DoubleClick! Still is...... Are you planning to offer a higher price? ”

"If Yahoo acquires Doubleclick, googLe will temporarily abandon the bond at that time! Conversely, if Yahoo rejects the offer from the double-click company, the plan goes ahead as usual! Song Chen shrugged his shoulders and said with a smile, "Even so, according to googLe's financial statements this year, I'm afraid the price will be very different from last year!" ”

Gerald? Beilu's cheeks twitched slightly, and he said with a wry smile: "The mall is like a battlefield, and time is also a cost, we know this very well!" However, you promised us to open up some of the Star Galaxy Company to us, so you shouldn't forget this promise, right? ”

Song Chen said slowly: "If I promise, I will definitely do it, the question is whether Meisheng Group is willing to accept it!" ”

"Of course we'll think about it!"

"Let's talk about it!"