I am the savior of China Entertainment
Chapter 260 The increasingly chaotic acquisition case
The way to fight against a big company is to introduce a company of the same size and let them check and balance each other.
It's not that Li Hyuk has never thought of taking full control of Fantasia Records and developing independently, but this path is completely unfeasible in the commercial world.
Among other things, if Fantasy Records develops independently and does not accept any capital investment, it will be difficult to move forward in the record industry. The most important reason is resources.
The most important thing in the entertainment industry is resources.Actors need resources for film and television drama projects, variety show cafes need resources for variety shows, and singer-songwriters need resources such as song distribution channels.
Even in the entertainment industry, stars themselves are a resource.The bigger the cafe, the more resources.
The creative resources displayed by Fantasy Records are enough to get a share of the record market, but it is destined to attract the coveted eyes of other peers.
If Fantasy Records does not cooperate, everything from physical distribution channels to online distribution channels, as well as the resources of various music variety shows, etc. will be suppressed.
Li Hyuk is not just Li Hyuk, he has a company behind him, the company has bands, groups, singers, and a large number of high-quality music talents.
Without these people, can Li Hyuk become the king of Asia in the fiercely competitive entertainment circle?
I'm afraid a normal, experienced adult wouldn't think that way.Heroes save the world alone can only happen in fairy tales and novels, the reality is always cooperation and competition.
In the past few years, after Penguin became a shareholder of Fantasy Records, it escorted Fantasy Records, which made the company's business develop smoothly, and Li He also successfully became the king of Asia.
But now, Penguin was dissatisfied and wanted to obtain greater benefits, but it was impossible for Li He to agree.
How could being a singer under control be as comfortable as being a boss?Not to mention that record company owners earn a lot more than being a singer.
After bidding farewell to Ding Sanshi, Li He and Fan Nuoxuan met with the heads of Kugou Music and Migu Music one after another, and the conditions were similar to Ding Sanshi's.
Both platforms said that they should go back and think about it. After all, compared with Netease Cloud and QQ Music, the market share of the two music platforms is not high, so they must be cautious.
Penguin soon learned that Li He and Fan Nuoxuan had been in contact with several major music platforms in private, so they sped up their actions and finally spent 4.3 million on April [-], intending to acquire [-]% of Fantasia held by Starlight Entertainment. Shares in record companies.
Who would have thought that Ding Sanshi would jump out of it and quickly invest 5.2 million yuan to get the [-]% equity from Starlight Records.
When the news came out, the industry was in an uproar.
When Penguin launched the acquisition before, NetEase did not take any action. Everyone thought that because Fantasy Records was a Penguin department, NetEase could not intervene.
Who would have thought that NetEase would suddenly attack with a heavy blow, not only catching Penguin off guard, but also making the netizens extremely anxious.
"What's going on here? Why did NetEase suddenly make a move?" At the high-level meeting, Liao Wenhui was furious and scolded all the senior executives.
"Mr. Liao, we really have no choice. Originally, Fan Tingsheng was going to sign the acquisition contract under the pressure of the shareholders. Who knew that he suddenly changed his mind after answering the phone call." An executive said aggrievedly.
"Why didn't you prepare enough for the acquisition plan? I have reminded you time and again before that Ding Sanshi will intervene, but you are not listening?" Liao Wenhui was furious.
A group of executives were silent, and many people slandered in their hearts: I didn't know who it was at the beginning, and said that I don't need to care about Ding Sanshi, and it can be done with more than 4 million. Now let us take the blame...
Not to mention how Liao Wenhui got angry, Netease spent 5.2 to acquire [-]% of the shares of Fantasy Records, which must be a premium, and the overflow is a lot.
Fantasy Records' market valuation is up to 20 billion, and [-]% is less than [-] million.However, one of the acquisition cases is an acquisition at a premium, and the premium depends on the price in the acquiree's heart and the acquirer's funds.
This wave of NetEase joining in, the timing is just right, Fantasy Records' four albums will be released soon, especially Li Hyuk's new album, which is even more popular.
If you become a shareholder, how can you not ask for the right to issue?
So under the strong request of NetEase, Fantasy Records held a general meeting of shareholders to discuss copyright issues.At this shareholder meeting, representatives of Netease and Penguin made a fuss about digital rights.
Penguin took the contract and said that the exclusive licensing contract has not expired, and will not share the copyright with NetEase.Netease said that I have become a shareholder of the company, and reasonable copyright demands must be satisfied.
As for the smallest shareholder, Bilibili, he just eats melons and watches movies. Anyway, it is not a music platform, and it also has the copyright of the MV, so there is no panic.Bilibili will not sell this equity, because Bilibili will provide a platform for free listening to music for netizens who are too poor to listen to digital platforms...
Of course, this is not the main reason, the main reason is that Li He has been standing in B for several years and has attracted a lot of traffic for B, only a fool will let it go.
As for the two largest shareholders, Li He and Fan Nuoxuan, they were just watching the show, pulling sideways from time to time to help NetEase resist Penguin's attack.
The shareholders meeting this time was held with ups and downs, just like a wonderful movie, and the final result broke up unhappy.
However, after this, the communications giant announced that Li Hyuk would be the spokesperson for its M-Zone SIM card, and composed a theme song "The Same Tune" for Li Hyuk's new album.
Because of the exclusive copyright issue, China Mobile will negotiate with Penguin on the exclusive copyright.
Its subsidiary Migu Music even gave Li Hyuk a huge poster notice on the homepage, announcing its confidence in the copyright of Fantasia Records’ music to Migu Music.
Since then, Kugou Music has also stated that it will officially participate in the competition for the music copyright of Fantasy Records, and that contracts and liquidated damages are not obstacles, and users can look forward to the entry of singers under Fantasy Records.
These news were announced one after another, and one was more explosive than the other. Users of Netease Cloud, Migu Music, and Kugou Music platforms were very happy.
Previously, QQ Music owned the exclusive copyright of Fantasy Records, and users of other music platforms could not hear it. Moreover, since the implementation of the new anti-piracy law, even piracy has disappeared.
Cover?In addition to being able to cover Li Hyuk's songs on Station B, as well as major live streaming sites, QQ Music itself can cover Li He's works, and other platforms don't even think about it.
However, QQ Music was stunned by the repeated actions of its competitors. Before the acquisition was successful, QQ Music was the first to be unlucky.
Originally thought that the exclusive copyright, the stock price of QQ Music has been good, but after the announcement of these few news, it was immediately reflected in the stock market, and the stock price of QQ Music fell in response.
The acquisition failed, and instead it lost more than one billion yuan in the stock market. QQ Music was furious and began to blame the acquisition department for its ineffectiveness.
How could the acquisition department be willing, so they blamed each other and found the blame. Before the acquisition was completed, they themselves had internal turmoil.
The users of QQ Music are worried, if QQ Music and Fantasy Records fail to agree, will QQ Music have no copyright in the future?Do you want to switch to another platform?
Next to the advantages of social platforms, QQ Music is indeed the largest digital music platform in China, but a good platform must have high-quality resources.
In China, which high-quality music resource can compare with Li He?
After that, there was even more explosive news. A person familiar with the matter reported that Ding Sanshi had already obtained the support of Li He and Fan Nuoxuan, and would launch an acquisition of the shares owned by Penguin. At the same time, Kugou Music joined Migu Music Acquisition, wants to become a shareholder of Fantasy Records.
This cast a shadow over Penguin's outrageously initiated acquisition, and Boss Pony finally turned his attention away from the game industry and began to pay attention to this acquisition.
It's not that Li Hyuk has never thought of taking full control of Fantasia Records and developing independently, but this path is completely unfeasible in the commercial world.
Among other things, if Fantasy Records develops independently and does not accept any capital investment, it will be difficult to move forward in the record industry. The most important reason is resources.
The most important thing in the entertainment industry is resources.Actors need resources for film and television drama projects, variety show cafes need resources for variety shows, and singer-songwriters need resources such as song distribution channels.
Even in the entertainment industry, stars themselves are a resource.The bigger the cafe, the more resources.
The creative resources displayed by Fantasy Records are enough to get a share of the record market, but it is destined to attract the coveted eyes of other peers.
If Fantasy Records does not cooperate, everything from physical distribution channels to online distribution channels, as well as the resources of various music variety shows, etc. will be suppressed.
Li Hyuk is not just Li Hyuk, he has a company behind him, the company has bands, groups, singers, and a large number of high-quality music talents.
Without these people, can Li Hyuk become the king of Asia in the fiercely competitive entertainment circle?
I'm afraid a normal, experienced adult wouldn't think that way.Heroes save the world alone can only happen in fairy tales and novels, the reality is always cooperation and competition.
In the past few years, after Penguin became a shareholder of Fantasy Records, it escorted Fantasy Records, which made the company's business develop smoothly, and Li He also successfully became the king of Asia.
But now, Penguin was dissatisfied and wanted to obtain greater benefits, but it was impossible for Li He to agree.
How could being a singer under control be as comfortable as being a boss?Not to mention that record company owners earn a lot more than being a singer.
After bidding farewell to Ding Sanshi, Li He and Fan Nuoxuan met with the heads of Kugou Music and Migu Music one after another, and the conditions were similar to Ding Sanshi's.
Both platforms said that they should go back and think about it. After all, compared with Netease Cloud and QQ Music, the market share of the two music platforms is not high, so they must be cautious.
Penguin soon learned that Li He and Fan Nuoxuan had been in contact with several major music platforms in private, so they sped up their actions and finally spent 4.3 million on April [-], intending to acquire [-]% of Fantasia held by Starlight Entertainment. Shares in record companies.
Who would have thought that Ding Sanshi would jump out of it and quickly invest 5.2 million yuan to get the [-]% equity from Starlight Records.
When the news came out, the industry was in an uproar.
When Penguin launched the acquisition before, NetEase did not take any action. Everyone thought that because Fantasy Records was a Penguin department, NetEase could not intervene.
Who would have thought that NetEase would suddenly attack with a heavy blow, not only catching Penguin off guard, but also making the netizens extremely anxious.
"What's going on here? Why did NetEase suddenly make a move?" At the high-level meeting, Liao Wenhui was furious and scolded all the senior executives.
"Mr. Liao, we really have no choice. Originally, Fan Tingsheng was going to sign the acquisition contract under the pressure of the shareholders. Who knew that he suddenly changed his mind after answering the phone call." An executive said aggrievedly.
"Why didn't you prepare enough for the acquisition plan? I have reminded you time and again before that Ding Sanshi will intervene, but you are not listening?" Liao Wenhui was furious.
A group of executives were silent, and many people slandered in their hearts: I didn't know who it was at the beginning, and said that I don't need to care about Ding Sanshi, and it can be done with more than 4 million. Now let us take the blame...
Not to mention how Liao Wenhui got angry, Netease spent 5.2 to acquire [-]% of the shares of Fantasy Records, which must be a premium, and the overflow is a lot.
Fantasy Records' market valuation is up to 20 billion, and [-]% is less than [-] million.However, one of the acquisition cases is an acquisition at a premium, and the premium depends on the price in the acquiree's heart and the acquirer's funds.
This wave of NetEase joining in, the timing is just right, Fantasy Records' four albums will be released soon, especially Li Hyuk's new album, which is even more popular.
If you become a shareholder, how can you not ask for the right to issue?
So under the strong request of NetEase, Fantasy Records held a general meeting of shareholders to discuss copyright issues.At this shareholder meeting, representatives of Netease and Penguin made a fuss about digital rights.
Penguin took the contract and said that the exclusive licensing contract has not expired, and will not share the copyright with NetEase.Netease said that I have become a shareholder of the company, and reasonable copyright demands must be satisfied.
As for the smallest shareholder, Bilibili, he just eats melons and watches movies. Anyway, it is not a music platform, and it also has the copyright of the MV, so there is no panic.Bilibili will not sell this equity, because Bilibili will provide a platform for free listening to music for netizens who are too poor to listen to digital platforms...
Of course, this is not the main reason, the main reason is that Li He has been standing in B for several years and has attracted a lot of traffic for B, only a fool will let it go.
As for the two largest shareholders, Li He and Fan Nuoxuan, they were just watching the show, pulling sideways from time to time to help NetEase resist Penguin's attack.
The shareholders meeting this time was held with ups and downs, just like a wonderful movie, and the final result broke up unhappy.
However, after this, the communications giant announced that Li Hyuk would be the spokesperson for its M-Zone SIM card, and composed a theme song "The Same Tune" for Li Hyuk's new album.
Because of the exclusive copyright issue, China Mobile will negotiate with Penguin on the exclusive copyright.
Its subsidiary Migu Music even gave Li Hyuk a huge poster notice on the homepage, announcing its confidence in the copyright of Fantasia Records’ music to Migu Music.
Since then, Kugou Music has also stated that it will officially participate in the competition for the music copyright of Fantasy Records, and that contracts and liquidated damages are not obstacles, and users can look forward to the entry of singers under Fantasy Records.
These news were announced one after another, and one was more explosive than the other. Users of Netease Cloud, Migu Music, and Kugou Music platforms were very happy.
Previously, QQ Music owned the exclusive copyright of Fantasy Records, and users of other music platforms could not hear it. Moreover, since the implementation of the new anti-piracy law, even piracy has disappeared.
Cover?In addition to being able to cover Li Hyuk's songs on Station B, as well as major live streaming sites, QQ Music itself can cover Li He's works, and other platforms don't even think about it.
However, QQ Music was stunned by the repeated actions of its competitors. Before the acquisition was successful, QQ Music was the first to be unlucky.
Originally thought that the exclusive copyright, the stock price of QQ Music has been good, but after the announcement of these few news, it was immediately reflected in the stock market, and the stock price of QQ Music fell in response.
The acquisition failed, and instead it lost more than one billion yuan in the stock market. QQ Music was furious and began to blame the acquisition department for its ineffectiveness.
How could the acquisition department be willing, so they blamed each other and found the blame. Before the acquisition was completed, they themselves had internal turmoil.
The users of QQ Music are worried, if QQ Music and Fantasy Records fail to agree, will QQ Music have no copyright in the future?Do you want to switch to another platform?
Next to the advantages of social platforms, QQ Music is indeed the largest digital music platform in China, but a good platform must have high-quality resources.
In China, which high-quality music resource can compare with Li He?
After that, there was even more explosive news. A person familiar with the matter reported that Ding Sanshi had already obtained the support of Li He and Fan Nuoxuan, and would launch an acquisition of the shares owned by Penguin. At the same time, Kugou Music joined Migu Music Acquisition, wants to become a shareholder of Fantasy Records.
This cast a shadow over Penguin's outrageously initiated acquisition, and Boss Pony finally turned his attention away from the game industry and began to pay attention to this acquisition.
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