The richest person in Chinese entertainment

Chapter 206: Confrontation in the bathroom, terrifying money-making ability
Liu Yifei’s words stunned Zhang Chen.

When did the little girl become so bold?
Can a girl say such words?
Have you studied any knowledge somewhere?

"Liu Qianqian! Get out of here right now!"

At times like this, whoever has clothes will have an advantage.

Zhang Chen was soaking in the pool, with nothing to see, so he could only use his hands to cover his body.

At least Liu Yifei had a long bath towel in her hand, which could be used as a tool to block her view.

In this comparison, Zhang Chen is undoubtedly the one who suffers the loss.

"This pool of water was clearly prepared for me by the aunties, why do they want me to leave?"

Student Xiao Liu was very strong-willed. She calmed down from her initial panic and also understood the situation clearly.

Under Zhang Chen's horrified gaze, Xiao Liu covered his torso with a bath towel, hiding all the key parts, and then slowly stood up.

It's not like she hadn't thought about covering herself up, but this action would inevitably lead to mistakes. What if she accidentally exposed herself?
Although.
But
"The water is prepared for you, but I've already used it. Can you soak it later?"

Zhang Chen had a sad face as he looked at Liu Yifei who was moving towards him step by step. This girl really didn't know how to be discreet at all.

If Liu Xiaoli or his mother knew about this, he would probably lose his status as a lackey.

"Are you going to leave or not? If not, I'll come in."

Liu Yifei leisurely moved to the edge of the pool and put one foot into the water.

But that was all. She just kept one foot hanging in the air, supporting her body with only the other foot.

"I'm going, I'm going."

Zhang Chen felt that he was really unlucky. The filth that had stained his body at noon had indeed brought him misfortune, and now he was caught by a little girl.

If he hadn't left the towel at the door, he wouldn't be in such a mess now.

There was no other way. I could only cover my key parts, squat, and press my back against the wall of the bathtub, moving slowly towards the right side of the bathtub.

He swore that after putting on his clothes, he would let the little girl see what "brother's majesty" meant.

The two just stared into each other's eyes, silence spreading between them.

"what!"

I don't know why, maybe someone's legs were weak, or maybe the ground was slippery, but I actually leaned forward and fell into the water.

Hearing the sound of choking and the panicked flapping of the arms, Zhang Chen didn't care about anything else.

"Boss, boss, I have finished my report."

Du Zhining felt that there was something wrong with the boss today. He had been in a trance since he entered the door.

And when he was reporting on his work, he would be distracted from time to time.

This was completely different from the image of a boss who was calm and composed in his mind.

I just don't know if he has encountered anything difficult recently.

"Oh, where were you talking about?"

Zhang Chen also came back to his senses and patted his face with both hands, trying to sober himself up.

Now is not the time to daydream, there is important work to do.

Du Zhining’s work report and his subsequent decisions are related to the development plan of Morning Light Music in the next five to ten years.

Going further, it also concerns the future of thousands of talented but unappreciated singer-songwriters.

"Morning Light Music has started charging since New Year's Day as planned, but the number of members has dropped significantly. If we turn it into a free model, not only will it require a lot of money for future development, but the money that has been paid before must also be returned, otherwise it will be difficult to appease the psychology of those paying users."

Three months have passed since Morning Light Music was officially launched.

Several things were announced to all users on the day of launch:
1. Chenguang membership adopts a membership system, 10 yuan/month, and continuous monthly subscription (because there is no automatic deduction function, now it is used from the second consecutive month) 8 yuan/month.

The first three months after new user registration are free, and starting from the fourth month or New Year's Day this year, charges will be implemented.

2. In the music library of Morning Light Music, members can listen to all old songs (released for more than one year) for free.

3. New songs and downloading in MP3 format will cost 2 yuan per song.

In addition, after Chenguang Music signed contracts with major record companies, Zhang Chen also attracted a large group of singers due to his active anti-piracy intentions. Now there is also a profit-sharing contract between Zhang Chen and them. The specific profit-sharing details involve the length of time a user listens to a certain singer's song during the membership period, the number of paid downloads, etc.

Generally speaking, the ratio of new songs released by singers is about 50-50, and the ratio of old songs is about 70-30, with 70% for Chen Guang and 30% for singers.

For Chen Guang, the revenue from the new song has to deduct operating expenses and certain support costs, so the total revenue has to be reduced by about 40% from 50%.

Is it less? Not less at all, but a lot.

For Morning Glory Music, earning about 30 percent net profit from an album is already quite lucrative.

For singers, a 50% share of the sales of a new album means more money than what record companies could earn from releasing physical albums before. Not to mention that old albums that have been released for many years can continue to shine in the market, which can bring them extra income.

However, since the Internet is not yet very popular, singers still need to maintain their total album sales through physical albums.

However, they also saw the future of digital albums from the share of revenue from Morning Glory Entertainment.

“How many paying members are there now?”

"By the end of December, the last day of the free period, the number of mainland members reached 12 million, but when the fee was introduced the next day, the number dropped to less than 3000 million. Now, more than 300 days later, the number of paying members has only reached 320 million."

Du Zhining also had a headache when reporting this set of data.

When it was free, basically everyone bought a membership, but when it came time to pay, less than 10% remained.

Ultimately, there are not many people in China who are willing to spend money on music. Now, those who are willing to spend 10 yuan a month to listen to music are basically well-off families with computers at home.

As for ordinary music lovers, they still tend to look for some free resources on the Internet.

"What about the situation abroad?"

Zhang Chen also has a headache about the domestic market. It is in the early stages of development and people are not very wealthy yet. He can understand that and does not expect to make much money at this time.

So the focus now is still on overseas.

"The situation overseas is more optimistic. We have already established joint ventures with SM Entertainment in South Korea, Sony in Japan, and Warner in North America. The player has also been successfully promoted with their help. Branches or subsidiaries in other key countries are being planned."

With Du Zhining's introduction, Zhang Chen also gained a general understanding of the current development status of these three regions.

First of all, in North America, which has more than 1.2 million Internet users, Morning Glory Music, relying on its huge digital copyright library and the promotion of major record companies, already has about 2600 million paying members. The membership price is US$10.99/month, which will be reduced to US$8.99/month starting from the second month of the monthly subscription.

The country of Jiaobenji is rather strange. Although they have more than 7000 million usernames, they have only about 700 million paying members. The fee is 1000 yen/month, and 800 yen/month for a continuous monthly subscription.

The reason for this is that the people of this country prefer to listen to music on CDs. Just like movies, comics, anime, and games, those fanatical fans prefer to put the works they have purchased in their own collection cabinets and invite like-minded people to share them at home.

Finally, there is South Korea, where the membership fee is 12000 won per month, and 8000 won the next month. There is no download service, and you can only listen to songs online with the membership. It does not provide MP3 format music for free like other countries.

The reason is simple. Piracy in this country is so rampant that even his father can't control it.

In the film industry alone, his father suffered a loss of $02 million in 5.7.

If Chen Guang Music dares to enable paid downloads, they will be able to spread pirated resources across the country and even the world the next day.

Therefore, this country also has the smallest number of members, only about 80.

However, even with this calculation, these three countries can bring $4.125 million in membership sales to Morning Light Music every month in January, and $3.3 million in sales in February even with a % discount.

Morning Music's net profit is about 8250%, so the actual net profit in January was about 6600 million US dollars, and the next month's estimate was million US dollars.

This is just the membership fee, and does not include the amount of paid downloads of individual songs.

However, after a few months, most of the people who wanted to download had already paid, and the value of those old songs was almost exhausted. However, it still brought in about $20 billion in sales and a net profit of about $4 million.

The reason why Morning Glory Music was able to rake in such a huge amount of funds in just a few months is due to its massive and exclusive music resources, so the money was made smoothly.

However, in order to avoid trouble, Zhang Chen still asked William to start taking emergency measures and let his relatives register another company. They had to set up a company as quickly as possible and make a player. At that time, they would share some niche digital music copyrights with this company.

The company's positioning is simple and clear. It is not for making money, but to prevent Morning Glory Music from being labeled as a "monopoly".

In addition, it is necessary to discuss cooperation with Apple, which can not only wash away the suspicion of monopoly, but also take off by riding on Apple's platform, killing two birds with one stone.

The most difficult issues at present are domestic ones.

"The reason why foreign countries can develop so smoothly is that their citizens are relatively wealthy. Although our country has a large population, our people are just beginning to become wealthy, so we cannot adopt the same charging system as them."

Zhang Chen is not a boss who doesn't listen to advice. He also listened to the analysis of the company's think tank just now.

“What about the domestic market? What should we do next?”

　Guess what happened in the previous plot? Hahahaha
　　
　
(End of this chapter)