I started to become more self-disciplined at the age of 30

Chapter 213 212. Terrifying contract terms! Can you still be popular even if you don’t broadcast the show?

What is the current valuation of DouYue Live?
Han Qing, Jiang Chen, Pu Yuexi, and Yan Ruyu all knew nothing about it.

Because they are not interested in these things, so naturally they have never paid attention to them.

but……

Zhang Li knows it clearly.

In recent years, DouYue Live has been backed by the DouYue short video platform and the giant group behind it, and can be said to be the only dominant player in the live streaming field. Although Penguin Live is also known as the second largest platform, it can only say so because it is also backed by a giant.

However, in the field of live streaming, the combined size of Penguin Live and all other live streaming platforms is not as large as the current DouYue Live.

From the valuation, we can see that Penguin Live's previous valuation was only about 20 to 30 billion, and at its peak it was only about 40 to 50 billion, which is very average for a company with resources backed by a giant. Many other small and medium-sized platforms have a valuation of about 2 billion at most, and most of them are only about 1 billion, or even a few hundred million!
The valuation of DouYue Live has been rising in recent years. This year, it is said to be qualified to be valued at more than 30 billion yuan, which is almost higher than the valuation of all other live streaming platforms combined.

Even though Penguin Live has just raised its valuation to the tens of billions thanks to Jiang Chen's surge in popularity, there is still a lot of water in it. Most of it is supported by Jiang Chen. Once Jiang Chen leaves, the tens of billions of valuation will at least be halved.

Li Yumin promised to give Jiang Chen 5% of the shares, which is worth about 1.5 billion based on the current valuation of DouYue.

but……

DouYue's live broadcast operations are mature and the capital market is very optimistic about it. It has recently begun to seek a listing and may be the first of all live broadcast platforms to successfully go public. At that time, its valuation will definitely increase. Some institutions predict that after the listing, the valuation may rise to more than 50 billion, and with luck, it may exceed 100 billion!

And if Jiang Chen joins DouYue live streaming, DouYue's listing process will definitely be accelerated. By then, it will almost certainly be able to break the 100 billion market value. If DouYue operates well, it will have a chance to reach a market value of 200 billion.

Jiang Chen's 5% stake will be worth more than 5 billion in the future, and with luck it can be worth 10 billion.

However, the time cost is not short. It takes at least several months to go public, and Jiang Chen is required to sell and cash out one year after the listing, which means it will take at least more than one and a half years to cash out.

This is actually not very profitable for Jiang Chen.

Because, for any live broadcast Jiang Chen makes, he would earn at least tens of millions from tips alone, and with the head fees, he would earn at least hundreds of millions.

Five billion, for Jiang Chen, is just the income from about ten live broadcasts!

Li Yumin met Han Qing's gaze and replied, "According to the latest institutional valuation, our DouYue Live is valued at about 35 billion, and 5% of the shares are worth about 1.8 billion! However, we will be listed this year, and the market value will definitely exceed 100 billion after the listing, so this 5% of the shares will be worth at least 5 billion."

"This is our greatest sincerity to Jiang Chen."

Increasing the head fee is very difficult, even for DouYue Live, which is already profitable. If Jiang Chen's number of online users is around one million, Li Yumin will not give him shares, but will continue to increase the head fee. An increase of one yuan will mean an additional one or two million in expenses every day.

However, Jiang Chen's number of online users is calculated in the tens of millions. For every fifty cents increase in head fee, the expense of a live broadcast will be at least over five million, and will most likely exceed tens of millions.

The income from DouYue live streaming cannot support such terrible expenses, so giving shares and tying Jiang Chen down will be the most cost-effective way for the time being.

Jiang Chen’s joining will inevitably lead to a substantial increase in valuation. Compared with the increased valuation, the value of the 5% stake given is not much.

DouYue Live and the giants behind it all made money.

After hearing this, Han Qing's eyes flashed with interest.

The per capita fee is 9.5 yuan, plus the equity will be worth billions in one year. This condition is very high.

However, Han Qing looked at Zhang Li, wondering what kind of conditions Zhang Li would offer? Would she follow up?
Li Yumin also looked at Zhang Li.

Zhang Li was a little nervous and whispered, "We are willing to raise the head fee to 10 yuan, sign a contract for 20 live broadcasts, and give Jiang Chen 10% of the shares!"

Han Qing looked puzzled and was about to ask how much this 10% stake was worth.

Li Yumin explained first: "According to the latest valuation of Penguin Live, it is about 10 billion. This is the valuation due to the huge traffic increase brought by Jiang Chen in the past few days. Otherwise, the valuation of Penguin Live was at most 30 to 40 billion. Moreover, Penguin Live still has a long way to go to go public. Even if it is successfully listed in the future, the market value will be at most 20 to 30 billion, which is an order of magnitude lower than our DouYue Live."

"However, Han Qing, to show our utmost sincerity! I will also raise the head fee to ten yuan, plus a five percent stake. Moreover, I signed a contract for one hundred games, which is enough to prove our strength. Penguin Live, represented by President Zhang, only dared to sign Jiang Chen for twenty games, which shows that they lack confidence in themselves, their financial resources, and their confidence in the future."

Zhang Li, who was standing next to her, turned slightly pale when she heard this.

She really didn't expect that Li Yumin, who had been cautious and didn't dare to offer a price before, would actually offer such an astonishing price at this time.

The ten yuan per capita fee plus a five percent stake in DouYue Live is definitely worth more than the conditions she offered.

Zhang Li said, "Wait a moment, I'll discuss this with the higher-ups."

Li Yumin smiled: "Of course, to be honest, I think the negotiation is the same. Penguin Group can't offer a higher price!"

Based on Jiang Chen's current frequency of two live broadcasts a day, with an average of 20 million people online each time, 40 million a day, 10 yuan per person, that's 400 million per person, and 4 billion in ten days!
The current valuation of Penguin Live is only 10 billion yuan, and it is the result of a substantial increase. Even after it goes public, its market value will be at most 20 to 30 billion yuan. The 60% stake held by Penguin Group will only be worth 10 to 20 billion yuan. That is the expected number after the listing, and it is just a number and cannot be converted into cash.

But now, if Penguin Group wants to support Penguin Live to sign Jiang Chen, it must first spend hundreds of millions of cash per capita fees every day, which means 4 billion in ten days. But what about after ten days?

Will Penguin Group pay billions or even tens of billions of cash now for foreseeable expected figures in the future?
This is obviously not in the interests of capital!
Penguin Group is now a real capital oligarch, and it is impossible for it to do business that is obviously losing money.

Moreover, Penguin Live was already in a state of disrepair and on the verge of giving up.

Now the price of resurrection is so high...

Zhang Li took the phone to the kitchen and called Mr. Yang, and quickly told him Li Yumin's conditions.

Mr. Yang on the other end was silent for a while, then hung up the phone and called Mr. Ma from Penguin Group.

After hearing Li Yumin's conditions, Mr. Ma also fell silent.

These numbers can be easily calculated, and they knew that signing Jiang Chen was clearly a losing business.

"Then we have no choice but to give up. The cost is too high. Now you can digest the traffic Jiang Chen has brought to you recently. You should be able to make a profit in the short term, which is also good news for valuation."

Mr. Ma decided to give up Jiang Chen and quit while he was ahead.

I have been investing in Jiang Chen before and gained a lot of traffic. Now it is a good choice to give up Jiang Chen and digest this traffic.

After hearing this, Mr. Yang said helplessly: "DouYue has invested a lot of money. This time Jiang Chen was signed for 100 shows, and DouYue also gave Jiang Chen shares. I am worried that we will never have the opportunity to sign Jiang Chen again. Once Jiang Chen and DouYue Live are tied together, DouYue Live will continue to grow bigger and stronger, and we may be further suppressed in the future."

After hearing this, Mr. Ma immediately thought of the future development situation.

The live streaming market is so small and it is already a mature market circle. If others become bigger, then you will become small.

The recent increase in traffic on Penguin Live is mostly due to traffic snatched from Douyin, and a small part is taken from other small and medium-sized platforms.

There are only so many people watching live broadcasts. If your audience number increases, others’ audience number will decrease.

However, Mr. Ma thought about it carefully, and from the perspective of a pure capitalist businessman, he said, "The cost of signing it is too high."

To sign it, you have to continue signing contracts until it goes public, and the amount of money consumed will be astronomical, at least in the tens of billions.

But how much will Penguin Live be worth after it goes public?
Mr. Yang also thought of this and said with a wry smile: "Okay, then I will inform Zhang Li to give up Jiang Chen. What a pity!"

It’s a pity for Mr. Ma too.

They also often watch Jiang Chen's live broadcasts. Every time they see Jiang Chen writing works that will surely be passed down through the ages on his own platform, they also feel a sense of accomplishment.

But after Jiang Chen left, if they wanted to watch Jiang Chen’s live broadcast in the future, they would have to go to DouYue Live, which would definitely not be as comfortable and free as watching it on their own platform.

After hanging up the phone! Mr. Ma felt a little lost, as if he had lost an important person. Thinking back to the Water Melody that Jiang Chen wrote during the live broadcast yesterday, his fingers trembled slightly.

Yesterday, he specifically asked his friends in the collection circle, wanting to try to buy the Water Melody Painting and find out how much it would cost. He learned that it might cost at least 3 billion yuan, and it also depends on whether Jiang Chen sells it or not, so he gave up for the time being.

Although he also likes traditional culture, he is not as obsessed as Li Zheng and other top collectors of the older generation.

If he could buy it for around 2 billion, he could buy it for fun and to satisfy his own preferences, but this is already a sky-high price.

If it’s more than 3 billion, then he feels it’s not worth it.

Top-notch artworks from abroad are not that expensive.

…………

Zhang Li walked out with a disappointed look on her face and said to Han Qing and Li Yumin, "We give up. Congratulations, Mr. Li."

After saying that, Zhang Li looked at Jiang Chen who was sitting there watching TV. Her eyes were full of reluctance. She felt as if she had lost the most important thing in her heart and felt a little heartbroken.

A glimmer of joy flashed in Li Yumin's eyes. He stood up and smiled at Han Qing: "Han Qing, I hope we can have a pleasant cooperation in the future!"

Han Qing nodded and shook hands gently with Li Yumin: "I hope so too."

Zhang Li also shook hands with Han Qing: "Sorry!"

Han Qing shook her head: "There's no need to apologize. Even if we can't work together in the future, we can still be friends."

Zhang Li nodded, but she knew in her heart that the apology was addressed to herself, and then she said to Jiang Chen: "Jiang Chen, we can't cooperate in the future. I wish you a happy life."

Jiang Chen turned around and smiled at Zhang Li: "Thank you, and I wish you a happy life and smooth work! I am very satisfied with my cooperation with you during this period, and I hope we will have the opportunity to continue our cooperation in the future."

After all, Jiang Chen has been working in society for several years, and his polite words are very standard.

Zhang Li felt better: "Okay, I hope we can continue to work together in the future."

After that, Zhang Li finally said to Li Yumin: "Jiang Chen likes to be free. The best way for you to cooperate with him is to not care about anything."

Li Yumin nodded and said seriously: "Of course, we know how to get along with Jiang Chen."

Li Yumin knew in his heart that the price he offered was already higher than the low price given by Mr. Zhang. He was paying for his own preferences.

The low price Mr. Zhang offered was nine dollars per person as a fee and three percent of the shares!
Li Yumin gave a per capita fee of 10 yuan and 5% of the shares, which can be said to be a lot more than enough.

He really didn't want to miss Jiang Chen again. He dreamed of letting Jiang Chen start broadcasting on his own live broadcast platform to see if Jiang Chen could create a miracle again if he managed the platform well.

Moreover, he dreamed of seeing Jiang Chen write popular and timeless masterpieces on his live broadcast platform.

This will also help to bring me closer to Jiang Chen.

Maybe I will have the opportunity to buy authentic works of Jiang Chen from him in the future?
He knew that Mr. Zhang was extremely interested in Jiang Chen's works and wanted to buy one very much.

But now you can’t buy it even if you have money.

Zhang Li left feeling somewhat lost.

Li Yumin immediately called his assistant outside to print out the contract and bring it over.

Less than ten minutes.

The detailed contract was brought over and placed in front of Han Qing.

Han Qing read it carefully one by one, which took a lot of time. After reading it, she was quite satisfied with Li Yumin's sincerity.

There are no traps or ambiguous clauses, and the rights and obligations are clearly written.

"Jiang Chen, it's OK, you can sign it now."

Han Qing said something to Jiang Chen who was still watching the killing of the Japanese with great interest.

Jiang Chen nodded, stood up and walked over, smiled at Li Yumin, then picked up a pen and wrote his name on the contract and pressed his fingerprint. Without even looking at it, he went back to watching TV. It was obvious that he trusted Han Qing 100%.

Han Qing saw the smile full of satisfaction and happiness on his face and felt that everything she did for Jiang Chen was worth it.

Yan Ruyu looked at it with envy in her eyes.

Li Yumin had a serious look on his face, and looked at Han Qing more seriously. He didn't expect that Han Qing could actually represent Jiang Chen with full authority. Jiang Chen trusted Jiang Chen so much that he could not neglect this beauty in the future.

Li Yumin also signed and put his fingerprints on the spot to complete the contract.

After completing the signing, Li Yumin felt a little excited, because Jiang Chen will start broadcasting on DouYue Live in the future. However, it also brings with it huge pressure. Jiang Chen's head fee is extremely terrifying, which makes Penguin Group discouraged. It is unknown how long DouYue Live's financial resources can last. Will it also ask for help from the group headquarters?

Li Yumin smiled and said to Jiang Chen: "Jiang Chen, happy cooperation in the future!"

Jiang Chen glanced at Li Yumin and smiled back: "Happy cooperation!"

Li Yumin: "Jiang Chen, when is your next live broadcast? I'll ask the platform to warm you up in advance, and then it will attract more viewers."

Jiang Chen said softly: "I don't know, it depends on my mood. I'm a little tired these days and want to take a rest."

Li Yumin smiled and said, "Okay, I'll send someone to liaise with Han Qing and let our people know when the live broadcast will start."

Jiang Chen: "Okay!"

Li Yumin: "Then I'll take my leave and won't bother you anymore."

Jiang Chen: "Okay, bye!"

Han Qing stood up to see him off: "Mr. Li, goodbye!"

After sending Li Yumin out the door, Han Qing turned back and looked at Jiang Chen: "Jiang Chen, do you want to take a few days off? Do you want to go out and relax?"

Yan Ruyu: "Go to the country yard tomorrow, or just stay there to relax. You are indeed a little tired recently."

Jiang Chen thought about it and nodded in agreement: "Okay!"

Yan Ruyu smiled.

The news that Jiang Chen had signed the contract with DouYue had already spread, causing quite a stir in the outside world.

Guo Haitao couldn't wait to call Jiang Chen, but Jiang Chen didn't answer, so he could only call Han Qing. When he learned from Han Qing that Jiang Chen needed to rest for a few days, he was speechless!

Today, Jiang Chen did not broadcast live!
Millions of viewers who were used to watching Jiang Chen’s live broadcast every day were all surprised and felt very uncomfortable, and discussed it on major social platforms.

For a time, it became a hot news, leaving many people speechless after reading it.

Can you become popular without live streaming?

(End of this chapter)