"Old Tang."
"What do you say we start a video website?”
Principal Wang said with a dazed look as he drank the 1985 Romanée-Conti.
"Hmm?"
"Why did you suddenly have this idea?" Tang Tian asked.”
Yuanhang Culture Group had just set sail. Its Yuanhang Literature Company had acquired more than 80% of the original literature websites in the country and controlled 85% of the online literature market share. It had almost completely grasped this rising trend in its hands.
Yuanhang Film and Television was backed by Wanda Cinemas. They had signed many screenwriters, directors, and producers in the industry. They also had a management department and signed many artists.
At this time, what Yuanhang Culture Group needed was not to expand on a large scale, but to develop step by step.
Principal Wang, who was the executive president and general manager of Yuanhang Culture Group, suddenly said that he wanted to start a video website. This inevitably made him a little suspicious.
"Some time ago, someone gave me a proposal.”
"They said that there was a video website in America. It was only founded a year ago, but it was bought by Google for 1.65 billion USD.”
Principal Wang stared at Tang Tian with a burning gaze, his expression full of desire.
"I know about this."
"Youtube, the world's largest video-sharing website."”
" In February 2005, it was founded by three former employees of Facebook. In November 2006, Google acquired Youtube for $1.65 billion.”
" But so far, Google's arrangements for it have only been in a laissez-faire state.”
"Because currently, video websites all over the world are in a dilemma, and that is, they can't find a new growth point.”
"There are already leading video websites in the country, and there might even be more than one.”
"In this field, our domestic development is not inferior to that of the international market.”
"Tudou, YouK, LTV, Kuliu, and SFox are all quite big. They even plan to get a video license.”
"Creating a video website is equivalent to taking users out of their pockets. Are you ready to burn money?”
"They've basically all received financing. Without 50 million USD, it's impossible for you to have a place.”
"Ah, this?"
Principal Wang was dumbfounded.
50 million USD was equivalent to 350 million RMB.
Yuanhang Corporation had invested 486.6 million yuan in the early days, but 400 million yuan was spent when Yuanhang Literature was established.
Later, when Yuanhang Video was established, they allocated another 50 million yuan as operating funds. There was less than 40 million yuan in the account, and they still had to support it.
He couldn't even afford five million dollars, let alone fifty million dollars.
"If I'm not wrong, the proposal submitted by that person can't fool you so easily.”
"He must be saying that the 3G era is coming, and the spring of video websites is coming. Once they go public, they can immediately cash in billions or even tens of billions.”
"This is the first video website in China and even the world. There must be a lot of people paying for it.”
The corners of Tang Tian's mouth curled up slightly as he continued.
"How did you know?"
Before he could finish, Principal Wang blurted out.
Indeed, the prospects that that guy had described to Principal Wang were indeed very good. He wanted to start a video website, burn money, go public, and make money.
However, the problem was that every step of this matter was not easy.
"Have you ever thought about one thing? Going public doesn't just require a market, it also requires profit points.”
"The video websites in the country and even the world can't find any profit points. They're purely burning money.”
"How do you guarantee that you will have a profit point and successfully go public?”
Looking at Principal Wang, Tang Tian raised a crucial question.
In the past, video websites had to wait until the 3G network, or more accurately, after the widespread use of smart phones, had become popular.
All the major video websites in the country went public in 2010. Some were A-shares, some were U.S. stocks, and some were Hong Kong stocks. They made a lot of profits.
It was only 2007, and video websites were in a state of confusion. The arrival of the mortgage crisis would bring a catastrophic financial crisis to the world, which would be next year.
At that time, all industries would be on the decline. The most urgent thing was how the video websites would be able to survive this crisis.
"I..."
Principal Wang was rendered speechless by the question, and there was even some embarrassment and anger on his face.
With that said, the person who proposed the so-called video website construction plan was actually a big hoodwinker, treating him like a fool.
"Actually, your feeling is right."
Glancing at Principal Wang, Tang Tian smiled and said,""The development of Yuanhang Culture Group not only needs a video website, but also a music website.”
"You want to go public, that's right. The best way to solve the group's development difficulties is to go public. Only by going public can we raise a large amount of funds.”
"But why do we have to create our own video and music websites?”
"Do you still remember how voyage literature came about?”
"You mean…"
Principal Wang's eyes lit up.
"That's right."
Tang Tian nodded slightly and said in a deep voice,"Professional people do professional things."”
"Just like an original literature website, how can we be more professional than Wu Wenhui? Obviously not."
"But now, Wu Wenhui has become the general manager of Yuanhang Culture Company, your subordinate.”
"Since there are so many video websites and music websites in the country, why should we waste time and effort to do it ourselves?”
"Isn't acquiring the company the best choice?”
The business world was like a battlefield. If they were poor, they would use tactics to penetrate, and if they were rich, they would use firepower to cover them.
In fact, it was the same for business. If you had money, waving your money to buy was the simplest and most direct way to strengthen yourself.
The superior did not need to have much talent. He only needed to be able to make good use of the talents below him. That was enough.
"But where do we get the money to buy it?"
Thinking of this, Principal Wang's face could not help but droop.
"You just don't know how to use your brain.”
Pointing at Principal Wang, Tang Tian said resentfully,"I've already told you the key to getting an internet company listed.”
"The most important thing is the profit point. As long as you find the profit point, there will be no shortage of people to pay for the listing.”
"You have a golden egg that can hatch a golden chicken in your hand, and you still want to go to some video website.”
"Are you stupid?"
As soon as he finished speaking.
Principal Wang felt as if he had met the morning bell and evening drum, and he suddenly understood.
That's right. If video websites were still in the infancy stage, then original literature websites had already formed their own structure. Who could be stronger than Yuanhang Culture?
As early as October 2003, Dianniang had created a new model of online fee-based reading and electronic publishing. The original literature website had used this model as a reference and almost all of them were profitable. In 2006, Dianniang alone had earned more than 30 million yuan. There were also many other websites.
Therefore, Yuanhang Literature was a company that had achieved break-even at the beginning of its establishment and had an annual income of more than 300 million yuan.
With the continuous operation of the IP, Yuanhang Literature would continue to expand with the cooperation of Yuanhang Film and Television, and its revenue would grow rapidly.
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