Huayu started as a substitute director

Chapter 708 You can’t run away

This verdict has no impact on ordinary people, and it has not even attracted any attention. Its essence is a struggle between capitals.

The claim that live game footage is also subject to copyright has had a great impact on the live streaming industry.

This means that Swan Castle can charge licensing fees from all platforms that broadcast their games live, as well as those that broadcast their gaming events.

It used to grow wildly, but now it needs to be regulated.

It also set an example for other game manufacturers, indicating that they can charge content licensing fees for their games.

However, their games are not as highly watchable and influential as the Swan Castle games.

"PlayerUnknown's Battlegrounds" is a groundbreaking game that has prompted all major Internet cafes to upgrade their accessories, bringing significant economic benefits.

As soon as the court ruling came out, major live streaming platforms such as Huya, Douyu, Longzhu, Kuaishou, etc. all became obedient and gathered at Swan Castle to discuss authorization matters in advance.

It is better to be honest. Everything will be fine if you negotiate for authorization. If you don't, it will be very unprofitable and you will not be able to survive if you are treated like Panda.

The mainstream e-sports games are all from Swan Castle, and it has also created a group of idle people in society who broadcast their games live, and some of them have made money and accumulated a lot of wealth.

But saying financial freedom is a bit of an exaggeration.

Just as most of the live streaming platforms gathered at Swan Castle for negotiations, Xiao Wang naturally knew his fate.

He filed an appeal, which means he wants a second trial. If there is a second trial, he can delay it for a while, even until next year.

The first instance judgment cannot be enforced if appealed.

But it is usually difficult to overturn a verdict in the second instance, which made Xiao Wang very depressed and his temperament became unstable.

He posted several Weibo posts to complain: "A certain company controls the game while banning live broadcasts on other platforms. Isn't it too ugly? @Principal!"

"A gaming company organizes its own league, sets its own rules, sells copyrights, divides the pie, and claims to be building an 'ecosystem'. Isn't this a monopoly?"

"Panda Interactive Entertainment is not a rookie. It is in this situation now only because it did not bow to the hegemony!"

He describes himself as righteous, and netizens just watch. Some support him, some do not. Anyway, netizens always say all kinds of things.

"I won't even give in to you. You're getting their game for free and yet you still say they're greedy. How hypocritical." Liu Tianxian was so angry that she responded directly on Weibo.

This made netizens extremely excited, and her fans praised her one after another: "Liu Tianxian is tough, that's what it's supposed to be like!"

"What are you afraid of if you have a principal? Just fight him to death."

However, Xiao Wang did not want to be outdone and posted on Weibo again: "I was played by the principal for a few years and I thought I was awesome."

"It has nothing to do with you. Just admit it if you lost the lawsuit and go back to your father!" Liu Tianxian posted on Weibo.

The public quarrel between the two attracted a large number of netizens to watch, and they were extremely excited. When did Liu Tianxian start to quarrel with others like this?

Xiao Wang often quarrels with others, and everyone knows that he has a foul mouth.

"The same character as the principal." Xiao Wang posted on Weibo.

However, before Liu Tianxian responded, Wang Xiaofei stood up and responded: "Tianxian, ignore him, this guy is a big idiot, without his father he is nothing, little bastard!"

"You little idiot is acting so rudely here again!" Xiao Wang cursed without any mercy.

There are no such words for Liu Tianxian, but for Wang Xiaofei, they just use words to curse.

A singer named Ai Dai also posted on Weibo: "Is this person just spewing shit everywhere?"

This Weibo post was also accompanied by a photo of a person giving the middle finger.

"You don't even dare to tag me, so you can only hide in a dark corner and make a fuss." Xiao Wang tagged me in a Weibo post.

Xiao Wang was like stirring up a hornet's nest. Many people on the Internet began to criticize him.
A female internet celebrity named Zhu Shengyi also posted: "You are almost 30 years old, and your father has a successful career but he doesn't take you to social events or meet people of high status, and instead lets you make jokes on the internet celebrity Weibo account. Sleep with him!"

"She betrayed her best friend to get into a theatre company. She has a very bad character at a young age. She is kept by an old man. She introduced her classmates to other old men in exchange for kickbacks. She has been hanging out with rich men since high school. Can you count how many cuckolds you have brought upon your boyfriend?" Xiao Wang seemed to be unsatisfied.

He then posted another Weibo post saying that this woman was a hooker, a prostitute, a pimp, etc., and attached pictures and typed thousands of words.

"You wanted to date me, but I ignored you and you are slandering me. If the principal dares to sue you, I dare to sue you too." Zhu Shengyi fought back without hesitation.

"It's so pitiful that my boyfriend doesn't even know how many times he's been cheated on in the UK."

Now Xiao Wang is like a madman, scolding people everywhere.

However, this was also because he was broken by the principal, so he had to find someone online to vent his anger. This is also his characteristic.

Netizens just laughed and watched the show, watching Xiao Wang bicker with all kinds of people.

Regarding this unknown young girl, some say she is tough, while others say she is just a drinking companion or a prostitute.

Unexpectedly, it was Liu Tianxian and Xiao Wang who were arguing, but it attracted other people. However, it is understandable because this time Xiao Wang offended the principal.

The principal is not a small figure. With the principal's support, there is nothing to be afraid of and you can also show your loyalty to the principal.

Seeing how we defend your wife, don't you feel a little bit that some people are quite sensible, while those famous stars are too smooth.

So many people have been scolded by him, but no one dares to speak out, but even internet celebrities dare to speak out against him.

In fact, these two people had a quarrel last year because of this incident, and they started quarreling again this year. They also said that the woman was beaten up by her real boyfriend at school because she cheated on him and slept with someone else, and even the teacher came.

Anyway, it was very exciting, and this person later went on to act in TV dramas and became quite famous, a small actor.

"Your Panda Interactive Entertainment is going bankrupt, so what qualifications do you have to teach anyone how to do things? Don't mistake being outspoken for being candid, or being snarky for being humorous. You don't realize that manners are a required course.

Don't take bullying as your true nature!"

Liu Tianxian's last sentence was directed at netizens, saying that Xiao Wang is just a rich second-generation who relies on his father to curse people everywhere to make his presence felt.

They just take advantage of their power to bully others. Maybe there are some people with true character, but they are really not many.

This guy has no respect at all.

Just when Liu Tianxian once again criticized Xiao Wang and netizens were waiting for Xiao Wang to respond, Xiao Wang did not respond at all, as if he had stopped.

"Mr. Wang, the company's assets and your assets have been frozen by the court." said the financial manager.

"How could that be? Didn't we appeal?" Xiao Wang was puzzled. This would affect his ability to pick up girls.

Although they lost, after the appeal, the first-instance judgment will not be executed temporarily until the second-instance judgment.

The main reason is that they are afraid that the verdict will be changed in the second instance. That’s the logic.

"Chang'e has applied for property preservation during the lawsuit." said the financial officer.

This is to prevent the losing party from transferring property and evading execution, so their bank accounts are frozen and their properties such as real estate or vehicles are seized.

Let’s wait until the second-instance judgment comes out.

Who knows if you will run away after the first trial, so we freeze your assets first so that you cannot use them. There is something wrong with the logic.

"The principal is a bastard." Xiao Wang gritted his teeth and cursed.

It’s too cruel. He even doesn’t let him use the car. In fact, Panda owes Fang Hong more than just this little money.

Their entertainment content, including music, movies, and TV, also requires copyright fees. They not only owe Yutu, but also iQiyi and Tencent.

It’s just that this money is equivalent to payment for goods, which means that payment can be deferred. You can put it aside first and pay later.

In addition, there are event copyrights, etc., which also belong to entertainment audio-visual content and also require copyright fees, but Fang Hong indulged himself in it before.

If you are serious, you have to pay.

It’s just that live streaming has its own special features. The host was broadcasting the game while playing it, so he exploited the loophole.

"Then how do we thaw it?" Xiao Wang asked.

Although this doesn't have much impact on what he spends on when traveling, being frozen still causes a lot of inconveniences.

“We can only negotiate with the other party, or pay a portion of the money to unfreeze the funds,” said the finance department.

"Get lost! How could the principal negotiate with me? He would simply ignore me." Xiao Wang knew his own limitations.

He knew that the principal would never mediate with him.

Indeed, Fang Hong and Swan Castle did not need that little bit of money at all, so there was no possibility of mediation. They just wanted to freeze him out.

Although they knew it would not have any impact on him, they still wanted to freeze him out. The finance officer was silent for a moment, then said, "There is one more thing. There is no money in the account. All the major suppliers and service providers have come to collect the money, including the anchor and some employees."

Now, not only Fang Hong is asking for debt freeze, many companies are also looking for Xiao Wang and Panda to collect debts. It seems that Xiao Wang still has the leisure to engage in verbal fights with others, and seems to know nothing about the debt.

Just remind this rich second generation how come he doesn’t have any sense of crisis at all.

They are the second generation of rich people. Their parents have covered for them since they were young. How can they have any sense of crisis?

These debts include network distribution service providers, server hardware suppliers, third-party technical service providers, advertising agencies, payment channels, office space, legal and financial services, etc., all of which are looking to Panda for debt collection.

It also includes unpaid wages and commissions for employees and anchors, conservatively estimated to be hundreds of millions.

He developed too fast before, and he would pay tens of millions to sign a host, as if it were free. The share of the profits from thousands of hosts was not a small amount.

The network distribution service providers are Kingsoft Cloud, Tencent Cloud, etc.; the server hardware suppliers are Huawei, Dell, etc.; the third-party technologies are video encoding and live streaming technologies;
An accounting firm like PricewaterhouseCoopers!

In addition, there are entertainment and film and television content, so Panda owes Fang Hong more than 4 million yuan. The 4 million yuan is just compensation for the game losses of Swan Castle in the lawsuit.

Moreover, the copyright of the e-sports events has not yet been settled with Swan Castle, and with the addition of film and television content, the price will at least double.

The total debt is around 20 billion to 30 billion.

This is also the reason why Xiao Wang was unable to respond to Liu Tianxian for a while. When he heard that his money was frozen and that the supplier was asking him to pay back the money, he almost went crazy.

Some investment institutions can only accept the loss, and those who bet against him can ask him for compensation.

These were all started by the principal. The service providers and investors knew that Panda was on the verge of collapse and that the situation was hopeless, so they all came to him for money, just like they smelled blood.

Some anchors even applied for labor arbitration to recover the money!

This is a chain reaction. It is impossible to see that Panda has any chance of making a comeback. For example, live streaming platforms and games are all asking for authorization.

The reason is that the higher authorities have also issued documents to strengthen the regulatory logic of "authorization required for the dissemination of online content."

This is to provide legal support for the copyright dispute over game live streaming, which means that even in the second instance, Panda cannot win and is just delaying time.

We have seen a case in this regard above, and we have simply filled in the loopholes and strengthened this aspect. If there are similar cases, we will just execute the judgment normally according to this logic.

This year's copyright crackdown will also use big data monitoring for the first time. If infringement occurs, not only will the platform be responsible, but the cloud storage that provides network service support and the advertising will also have joint liability.

Therefore, copyright is becoming more and more strict, which has also led to the closure of a large number of infringing websites and advertising profit chains.

In fact, these people are competing and also exploring the way forward. They make up for those areas that have not been realized or taken care of, and if they see any imperfections, they will do so.

Panda now has a lot of bad debts, just waiting to explode.

There is no way Xiao Wang could afford these debts.

"Where is Zhang Juyuan? Why are you the one reporting such things? Where are he?" Xiao Wang said.

"I don't know!" The finance department said timidly.

This rich second generation is difficult to serve, and I feel like he’s about to lose his temper again.

"."

Just when Xiao Wang was about to say something, he heard his phone ding. He took out his phone and saw:
"Since the company's funding gap cannot be solved, all the investors contacted have failed, and Mr. Wang has done nothing but emotionally, I have decided to resign. The road ahead is long, and we will meet again if we are destined to do so!"

This was sent by Panda's Chief Operating Officer Zhang Juyuan, and it was an open letter that directly put Panda's problems on the table.

It means that the panda is in trouble, so he runs away first.

This open letter caused panic among Panda's internal employees, who were all very shocked, and added fuel to Panda's instability.

"Is the company going to go bankrupt?" Such pessimistic sentiment quickly spread throughout the company.

Even the chief operating officer has left. The company’s crisis may really be irreversible.

It’s not that they don’t know about the problems of this company, they just look at Xiao Wang’s identity as a rich second-generation, with his father, Mr. Wang, and the money to fill the hole.

Xiao Wang was very angry and called Zhang Juyuan directly, but the other party did not answer the call and hung up.

I knew I would be scolded if I answered the phone!

"What a fucking idiot." Xiao Wang could only feel helpless and furious. Once Zhang Juyuan left, there would be no one to manage the company for him.

No one helped him clean up the mess, which made him even more anxious. He felt good when he was arguing with people online, but reality was a mess.

He immediately called Mr. Wang and said, "Dad, the person you found for me has run away."

This person was introduced by his father to help him look after the company.

"I know, he went to Chang'e." Old Wang always seemed very calm.

"It's the principal again, so why didn't you stop him?" Xiao Wang gritted his teeth.

This is a direct way of poaching his core staff.

"How can you stop them? If you beat and scold them, it will be strange if they don't leave."

Mr. Wang always blamed him, "I'm not saying anything bad about you, but can't you just be quiet for a while? Why are you arguing with people online again? I told you not to mess with Liu Tianxian, but you insisted on messing with her!"

"I just don't accept it." Xiao Wang said.

"You can't endure it if you are not convinced! You are in this state now, and the principal is still your creditor. You have to learn your lesson." Mr. Wang said helplessly.

"It's just a few hundred million, let's return it to him." Xiao Wang said generously.

"Is it really just a few hundred million? Have you done the math carefully? It's either a few hundred million or a few hundred million in compensation. That's just the court's ruling. Have you broadcast other people's movies or TV shows? Have you broadcast other people's events? These copyright fees are the money you owe us." Mr. Wang is really disappointed in his son.

It’s not that my son doesn’t know everything. In fact, he is quite smart, but he just doesn’t pay attention.

He added: "Now the principal is collecting your personal guarantee debt and your personal gambling debt. I tell you, even if your Panda goes bankrupt, he is still your creditor and you can't run away."

This made Xiao Wang a little panicked. He really planned that even if things got to the end, the worst that could happen was that the company would directly file for bankruptcy liquidation.

Even if he has joint and several liability, he is only jointly liable for part of the debt and needs to pay back part of it. For example, if the company owes 10 billion, he may be able to pay off his personal debt with 100 million or 200 million.

This is also the result of the company's bankruptcy and liquidation. The company has no money to pay back, and with so little assets, it can no longer repay. What can it do? It can only let those debts be eliminated.

As for those creditors, suppliers and so on, they just have to consider themselves unlucky.

This was the reason why Hengda was not allowed to go bankrupt. If it were allowed to go bankrupt and liquidate, the company would be insolvent and the debts that could not be repaid would have to be eliminated.

Individuals only need to bear a small part of it.

This is also the reason why Xiao Wang’s panda owed billions in his previous life, but he got away with just a few hundred million personally.

Corporate bonds are corporate bonds; personal bonds are personal bonds.

But he himself guaranteed the company, so he is jointly liable for the debt that was gambled on.

Not only himself, but also his Pusi Capital has joint liability. Pusi also belongs to Xiao Wang. Pusi was involved in it at the beginning and also has joint liability.

Capital is not stupid. If they give you money, they will definitely be on guard against you.

"Then what should we do?" Xiao Wang was a little panicked.

"What can I do? I told you to keep a low profile and not to provoke that lunatic, but you just wouldn't listen." Mr. Wang was also angry at his lack of fighting spirit.

Just for the sake of momentary pleasure, they rant and rave about others on the Internet, totally disregarding the consequences.

"Dad, you have money, help me collect those debts." Xiao Wang said.

"Wanda doesn't belong to me alone. Wanda also has shareholders and directors. How can I use Wanda's money to pay off your debt?" said Mr. Wang.

If he does this, he will definitely encounter opposition from shareholders and may even lose control.

In 24 years, he lost control of Wanda and the owner was given to a capital called PAG, so capital is not so easy to deal with.

If you can't do it, I'll let you down.

This time he was competing with the principal for his son and faced a lot of pressure. Fortunately, Wanda is now at its peak under his leadership and he can handle it.

There are not many people like the pervert like the principal. He treats Jade Rabbit, Chang'e and Rabbit Tickets as if they were his own. He can play with them however he wants, without being constrained by any person or capital.

(End of this chapter)