Chapter 6: Entertainment Media Empire
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"It's nothing more than grasping the pulse of the market and catching up with the Internet. The next node is coming soon, and I am planning to develop a series of music-related electronic entertainment products, and the copyright income will become a new growth point in the future. β
If there is no cooperation now, Chen Bo will not say the plan, and how long will it be in the future? Such ambiguous words are nothing more than a means to seduce the other party.
Xu Liang and Bi Shi exchanged glances, don't look at this guy as young, but he is a master who doesn't see rabbits and doesn't scatter eagles, so he had to take the initiative to express his intentions
"Mr. Chen, let's not go around in circles, Haidie Music has always taken the route of lyrics and music cooperation before, but how can the income from lyrics and music copyright be compared with production and distribution. Therefore, Haidie is now planning to enter the mainland market, and I hope to get your strong support. β
"Oh? I don't know what kind of support you want to get. Chen Bo was noncommittal and replied lightly.
He now has the initiative in his hands, he is completely proud of the capital, and he is about to merge Guangguang Media, and he will definitely be able to raise the market competitiveness to a higher level when the time comes, but the markets in Hong Kong, Taiwan and Southeast Asia are problems that Galaxy needs to solve, and although the mainland market is large, its purchasing power is currently limited.
"Our two companies cooperate, and the other party acts as an agent for copyright marketing in the region, including the artist brokerage contract, which is specifically divided into Chengdu and said."
Xu Liang took the lead in throwing out a condition.
"It's too troublesome, Mr. Xu is very insincere." Chen Bo sighed and expressed his disappointment.
"What does Mr. Chen mean?"
"Galaxy Entertainment now has Galaxy Film and Television Media, Galaxy Pictures, and Galaxy Pickup Agency, and I am still talking about merger with Guangguang Media. I also have a video game and animation production company, and if you look through the window, this 798 art district is owned by my company. The place where they talked was on the upper floors of a nearby hotel, and through the window, you could clearly see the location of the Galaxy company not far away.
"It is on that site that a modern theater with a capacity of more than 1,000 people will be completed by the end of the year. Galaxy has completed the overall layout from online to offline, why can't we work together to build the company into an entertainment and media empire like Warner and Sony. β
Chen Bo's tone was light, but his tone was very big, and he did have the capital to do it.
Although the role of the Internet is not perfect for the time being. embodiment, to the point that just these things that can be seen and touched are enough to shock the two of them.
"Galaxy Music holds Haidie Records, accounting for no less than 51%, and injects 50 million yuan to expand the music market in Hong Kong, Taiwan and Southeast Asia." Chen Bo made a condition that was difficult to refuse.
Cooperation is boring, everyone can play together to become bigger. Galaxy Music can't win the world by relying on Gao Xiaosong alone.
Yang Junfeng's ability is limited to Taiwan Island, but the water in Hong Kong and Taiwan is relatively deep. Xu Liang and his team have worked hard in the Hong Kong and Taiwan markets for more than ten years, not to mention how many achievements they have made, but their connections are no problem.
Bi Shi also has a lot of status in China, how can he be the chief music conductor of the CCTV Spring Festival Gala and the judge of the Youth Song Competition?
They may not know Chen Bo that well, but Chen Bo has done a good job of investigation in advance and found out clearly.
"Mr. Chen is really generous, but Haidie is not my own after all, and I need to discuss with the shareholders before I can reply." Xu Liang is very moved, with this large amount of money, he can do a lot of things, and he can also open up the mainland market, and it is not a wholly-owned acquisition, and those who do not accept it are fools.
But at this time, Bi Shi's position was a little embarrassing, originally he wanted to join forces with Xu Liang and be in charge of Haidie's domestic business. If an agreement is reached between them, then the country will inevitably be dominated by the galaxy, and there will be no place for him.
"Mr. Bi is not in a hurry, Director Gao is now only responsible for music production. Galaxy Music needs a helmsman now, and this position is yours. β
"Well, it's not good." Bi Shi is a little embarrassed, isn't this stealing people's jobs? Galaxy Music was originally in charge of Gao Xiaosong, but now it has changed from his mouth to Director Gao, how embarrassing it is.
"Director Gao took the initiative to let Xian, he is used to being free and idle. If you agree, 5% of the company's dividend rights, plus option awards. Million annual salary plus performance bonus, this is the foundation. β
This is really Gao Xiaosong's initiative to ask, and the two of them have discussed it before.
Originally, Gao Xiaosong recommended his senior brother Song Ke, but other people's wheat field records are well mixed with Warner, how can they come to your troubled waters, so they can only give up, Bi Shi took the initiative to send it to the door, how could Chen Bo let him go.
Galaxy now has two cash cows, Red Star Music Production Company and Jewell Studio, and will continue to control Haidie, even if 5% dividends and options are worth a lot.
And the annual salary of one million is quite rare in China, and the CEOs of those listed companies can't get so much.
"Then I can only be disrespectful." Bi Shi got a positive answer from Gao Xiaosong, so he naturally agreed, and he was thinking about what he should do after taking office.
Xu Liang said congratulations and hurried away, also anxious to discuss with other shareholders as soon as possible, so as to make a good start to the new year.
Chen Bo appointed Bi Shi as the new president of Galaxy Music on the spot, and when the time comes, he will be responsible for contacting Haidie Music first, and finally finding him to make a decision.
Professional managers will slowly become routine in China, and now many people are bosses and like to hold on to power. Chen Bo wants to delegate power, but there is no suitable person to release.
Wang Changtian is another person at the helm, who not only admires his ability, but also covets his light media.
Chen Bo invited Lao Wang and Li Ping to dinner, and a sister-in-law at the banquet called Lao Wang almost tired of it, and coaxed him to be happy.
It's not for nothing, Li Ping verbally agreed to merge Guangguang Media into Galaxy Entertainment Group, and there are still some details that are worth discussing.
Galaxy Entertainment looks like a big shelf, but it has a lot of investment and little profit. After all, it has only been a year since the beginning, and the speed of return of funds in the entertainment industry is not so fast.
The brokerage company's annual net profit is now only about a few million, and Chen Bo is not interested in paying dividends. Let's keep it in the account for now, there is no shortage of this money anyway, and it will be of other use in the future.
The film and television media company has also made more than 10 million yuan, and with the start of filming of the gold powder family and the establishment of Fengyun's project, this has to be thrown into it.
Not to mention Galaxy Pictures, just two movies have been produced, and they have not yet been released. "Zhou Yu's Train" has been shortlisted for the main competition unit in Cannes, and it depends on whether it can win the award. As long as there is a small prize, it will be much easier to return the cost if it is handed over to Summit Entertainment for overseas distribution.
Guan Hu's "Xi Shi Eye" has not yet been cut, and the post-production plus the time for review, can only go to the Hawaii Film Festival and the Golden Horse Awards in the second half of the year. The Venice Film Festival pays more attention to shooting technology, none of these films are eligible, even if you want to participate in the film festival, you have to prescribe the right medicine.
Lu Chuan immediately handed over a script, "Looking for a Gun". As his debut novel, Chen Bo also approved the project, with an investment budget of 700.
These three movies are all literary and artistic films, lacking commercial elements, and the best shortcut to open up popularity is to go for awards.
Not a penny has been recovered yet, and the net investment is more than 20 million, and you have to pay more for publicity, if you dare to release it directly without publicity, what is the difference between it and death?
Galaxy Music still wants to invest in Haidie Records, and after calculation, the additional 200 million yuan may not be enough.
So here's where the divergence lies, what do you do when the light merges? If there is no cash flow, is everyone drinking wind?
Guangguang Media's current net profit is 20 million, but the valuation is not calculated according to profits, but to calculate brand value, influence and net assets.
In addition to the previous entertainment scene, music billboard and three programs in the online world, four additional programs were opened in January, including "Celebrity Three-day Talk", "Music Breakfast", "Entertainment People Weekly", and "Celebrity Interview".
This directly covers 400 million visitors across the country, and plans are also being made to build a Hong Kong Island branch.
The speed of development is not inferior to that of Xinghe, in addition to not being able to effectively interact with the audience, this scale is greater than the influence of the Internet, if any star dares to offend Lao Wang, a bad word can keep you away from this circle for the rest of your life.
For such an influential media company, the valuation will naturally not be low.
Chen Bo injected an additional 300 million yuan into Galaxy Entertainment for the development of various undertakings in the future. Guangguang Media was valued at 150 million yuan and merged into Galaxy Entertainment, of which Lao Wang held 16%, Li Ping held 14%, and the husband and wife occupied a total of 30% of Galaxy Entertainment's shares.
This money is earned quickly and spent quickly, and the 1.1 billion yuan that was cashed out a year ago is now only 300 million yuan.
In the future, Galaxy Entertainment will not be able to spend money on its own, 10% of Xingwen is a dry stock, and it can't move that. If you lack money in the future, you will either borrow it privately from Chen Bo in the name of the company, or you will tighten your waist to live.
After all, there is a difference between a person's company and a joint-stock company, just like Chen Bo borrowed money from the company in his personal name in exchange for Tengxun's shares, instead of directly injecting capital.
If one shareholder injects capital, the other shareholders will be diluted if they do not follow up, and if they follow up and have no money to invest, there will be a dilemma.
In the same way, Chen Bo chose to control Haidie rather than a wholly-owned acquisition, the five founders all hold shares, and after the acquisition, they will become part-time workers, who is still willing to work hard, must be absent-minded.
You might as well just hold the shares, take the lion's share, and take the opportunity to lay an egg, which is the best choice for a win-win situation.
As soon as the annual leave is over and various procedures are completed, Chen Bo immediately holds a company meeting, and the heads of all subsidiaries and studios must participate.
Sea Butterfly Records has agreed to a capital injection holding agreement, with 50 million yuan injected into Singapore's Sea Butterfly Records, and 55% of the shares are held together with the songwriter copyright company Dashi.
Bi Shi's work efficiency is still quite high, and he brought his first gift. signed the first female singer for Galaxy Music, Han Hong, this is definitely a heavyweight singer, both in weight and strength.
This is also his stealing from Jingwen Records through personal friendship, she belongs to the art troupe, and the relationship is still in the army. But the release of records, commercial performances and so on are all represented by Galaxy, which is not a full contract.