It took a few days.

Tudou.com helped to prepare a report on behalf of the Central Bank.

Agent Jiang Shixi has been busy running errands and negotiating for Tudou.com recently regarding cooperation matters.

On the morning of the 15th, he found Fan Wumian and reported:

“After reaching an agreement, Jiangsu TV, Zhejiang TV and Huizhou TV were also brought in, each holding 1.5% of the shares, while Shanghai TV and Yanjing TV only held 3% each. The remaining 4.5% was taken by Hubei Radio and Television, plus the 10% that the central bank wanted to take, which added up to exactly 25% of the shares.”

“I sent the report to the deputy director early in the morning. After reading it, he said he was a little disappointed and said he would find a penman to help revise it.”

“It seems that they want to make changes around ‘state-owned assets investing in foreign-funded Internet companies’, ‘activating state-owned assets’, and ‘injecting vitality into the development of TV stations’. They are indeed old hands, much more capable than those experts. I feel that the possibility of approval is not small.”

Fan Wumian smiled after hearing this and replied:
“No matter what job you do, as long as you are not that stupid and are willing to spend 1 hours on it, you can become an expert. Every profession has its own specializations. People spend all day thinking about those things, so when it comes to how to write reports, of course they are more professional.”

Jiang Shixi continued to remind:

“Some TV station executives seem to have not figured it out yet. They think Tudou.com is valued at 10 billion RMB and they can get corresponding shares if they invest money. I talked to the deputy director this morning and he also realized that the price was too high. He hopes we can contact the bank to help CTS Entertainment and Guangdong TV raise some money.”

Assuming that the company’s valuation before financing is 10 billion, then after raising 2.5 million, the post-investment valuation will be 10 billion plus 2.5 million, which is 12.5 billion.

At this time, the new investor’s shareholding ratio is 2.5 million divided by 12.5 billion, which is equal to 20%.

At the beginning, Fan Wumian did have the idea of ​​seeking financing of 2.5 million RMB from a TV station.

However, at the dinner table a few days ago, the deputy director asked for another 5% of the shares. In addition, many people did not understand the difference between acquisition and financing, so several executives thought that as long as they raised 2.5 million yuan, they could own 25% of Tudou.com.

Fan Wumian couldn’t just accept this confusing account.

If he agreed to it, it would mean that he would only raise funds based on the valuation of 7.5 million, which would cause him to lose a lot of book assets in an instant.

He waited for Jiang Shixi to finish speaking, then said with a smile:

“Why do I need a loan? The wool comes from the sheep. I want to buy the film resources accumulated by these TV stations. At most, the price will be slightly higher. It will be for maintaining the dominant position in the market. It is not a loss.”

“In addition, variety shows such as “Entertainment Camp” and “Super Winner” also pay exclusive licensing fees in advance to help these satellite TV stations solve their financing problems.”

“It’s a good opportunity to make some people realize that promoting cooperation between TV stations and Tudou.com can indeed revitalize idle assets and help major TV stations generate revenue. It can also promote the export of domestic film and television dramas and enhance the influence of neighboring countries and regions. As long as the benefits outweigh the disadvantages and there are no major problems, the possibility of the plan being approved can be further improved.”

Jiang Shixi was a smart man. After clearly understanding Fan Wumian’s thoughts, he replied:
“It just so happens that the writers in the station will communicate with our people. I will mention it then and add some key content to the report.”

“Well, these TV stations are directly under the upper level. I don’t know who will read the report and polish it to perfection before submitting it to the upper level. I don’t want to be caught by someone and ruin the whole plan. It would be best to mention the estimated tax revenue, the help to the employment rate, and the enhancement of the influence of the mainland Internet in the international market.”

Ever since he discovered that Tudou had the opportunity to cooperate with major satellite TV stations and integrate it with Shanzeiwang Media and Hengdian Wanxian Film and Television Group, connecting the upstream and downstream to create an entertainment and film and television “business empire”, the importance of this company in Fan Wumian’s eyes suddenly increased.

At the beginning, a large amount of funds were used to acquire the online copyrights of film and television dramas to build a film library, which was undoubtedly a brilliant move. Relying on the information gap and financial advantages, companies such as Sohu and LeTV were unable to find any opportunities to take advantage of. Most of the high-quality film sources were concentrated in Tudou.

Although a lot of money was spent on acquiring junk film sources, when the cost of digitally restoring film and television dramas drops in the future, considerable profits can still be made through the “long tail effect” commonly seen among Internet companies.

After finishing speaking, Fan Wumian added:
“It seems that we need to squeeze out some extra budget to continue to acquire online copyrights on a large scale. In addition, as for advertising companies, it seems that we can set up a separate department to operate them. Last year, a media advertising company in the mainland quietly went public on the Nasdaq in the United States. I remember that the market value exceeded US$8 million on that day, making much more money than Tudou.”

The company was called Fenton Media, and it made its living by placing advertisements in elevators.

The cost is low and the return is high, and the financial report is much better than Tudou.com. With its novel entrepreneurial direction, investors are full of imagination about its prospects.

Let’s finish talking about this topic.

Jiang Shixi then asked:

“Boss, what are you busy with recently? Will you still accept commercial performances and endorsements? Ever since you became a major shareholder of Penguin Group and have been busy doing business everywhere, many sponsors don’t seem to dare to hire you anymore. Even if they muster up the courage to come and consult you, they will ask whether it is expensive or not.”

Since finishing filming “The Invisible Guest” during the summer vacation, he has only held one concert. The rest of the time he has been just like a street urchin, strolling around everywhere, under the pretext of calming down and enjoying life.

It’s not that he has completely laid down and was busy with other women. During this period, he has done a lot of serious work. For example, in recent days, he has been revising the script, writing the outline of the new play and “Emperor of the Desolate Sky” when he has nothing to do.

It was a rare occasion that he updated “The Desolate Emperor” for three consecutive days. Countless book fans were delighted. Some even suspected that he had started to hire a ghostwriter, or that there was something wrong with his brain. As a result, it was listed on the Penguin Weibo hot topic list, attracting millions of people to forward and discuss it.

Unfortunately, the intermittent hard work only lasted for three days. Fan Wumian began to prepare for his second solo concert, which was held at the Taipei Arena in Formosa Province. Tens of thousands of tickets were sold out in just a few minutes.

When Jiang Shixi asked about the endorsement of commercial performances, Fan Wumian said straightforwardly:
“Of course I’ll take it. I’m worried that I don’t have enough cash. What good projects are there?”

He accepted the advertising endorsement, and Jiang Shixi, as his agent, could also share some of the profits. He quickly nodded and replied:
“Do you know Nongfu Sanquan? This company is very rich and has a good brand image. They promised to give you 1000 million RMB per year for a one-time two-year contract.”

“There is also Nokia Vertu, a luxury brand that sells a phone for tens of thousands of dollars. They want to sign a one-year contract with you for $150 million.”

“The other is Sprite, which is owned by Coca-Cola. I can give you 4000 million yuan at once and sign an exclusive contract for three years in the carbonated soft drink business.”

Small brands will no longer contact Fan Wumian easily, and use the endorsement fee threshold to automatically eliminate some companies with insufficient strength.

Something suddenly occurred to me.

Jiang Shixi added:
“Recently, Pepsi seems to be discussing cooperation with South Korea’s Rain, and the endorsement amount offered is also around 4000 million RMB. He became very popular in China with his performance in Full House a few years ago, so I’m afraid they will terminate the contract with Jay Chou.”

“.”

When Pepsi and Coca-Cola are fighting, they only choose the best artists to sign.

Fan Wumian didn’t expect that between Rain and Jay Chou, Pepsi would actually favor the former. He suspected that some executives inside Pepsi had taken a fancy to Rain and wanted to take the opportunity to pursue his idol or seduce him for a few nights.

Abuse of power for personal gain is too common in the entertainment industry. There have been many anonymous reports within Shanzeiwang Media, most of which involved people reaching out to extras or co-stars. It is difficult to eradicate it completely despite repeated bans.

The only way to avoid negative impacts is through joint casting by multiple people and opening reporting channels on the official website.

Fan Wumian smacked his lips and said:
“I can take the Vertu one. As for Nongfu Sanquan, can you ask me if I can get some shares directly from them instead of cash and become their spokesperson for a long time? These companies that sell water and beverages are really making money, and each one is more generous than the other.”

(End of this chapter)