HuaYu97: Starting as a Singer

Chapter 338 [338] One-time buyout of the permanent domestic agency rights for "Legend"!

In the coming days, Qi Yuan will be traveling around South Korea promoting his work.

The little pony led people to Seoul.

The two had previously communicated by phone and agreed that Little Pony would be responsible for negotiating and securing the domestic distribution rights for "Legend".

Since partnering with China Mobile to develop the Mobile Dream Network service, Tencent has begun to turn a profit.

The Little Pony team is ambitious and wants to make another big splash.

Then some people in the team started to get cocky. With Qi Yuan as their spokesperson in this life, the number of QQ users was much higher than in 00 in the previous life.

Someone within Tencent suggested charging a registration fee, with a revenue of 0.5 to 2 yuan per QQ account registered.

This reckless proposal was rejected by Qi Yuan using his reserved veto power.

This is an incredibly ugly way to operate, and QQ currently lacks a real competitive advantage and is not irreplaceable. Charging for registration is suicidal.

Back in 02, Tencent (the company behind QQ) tried this thing, and its domestic competitors immediately launched real-time chat software to grab users, causing QQ to lose a large number of users. If it weren't for its early start and large user base, QQ would have died out.

Qi Yuan talked with the little pony for a long time and pointed out a clear path: to develop a game agency business with QQ, a social software, as the core.

This is the correct way to do it.

No game company in China has been able to surpass Tencent since then, precisely because of QQ and WeChat.

These two social chat apps have a huge user base, which can reliably drive traffic to the game.

QQ's registration-free login simplifies the process of registering a new account and improves the user experience.

Players communicate with each other by adding each other as QQ friends, and play games together, which increases user stickiness and activity, forming a positive closed loop.

The little pony was a clever one; he suddenly understood.

He especially liked what Qi Yuan said about no registration required, and that QQ accounts could be used directly to log in to the game.

Some domestic manufacturers have already set their sights on the real-time chat software market and have launched competing software to rival Tencent.

QQ couldn't differentiate itself from its competitors, but it changed when it was combined with games.

Anyway, the price of "Legend" isn't expensive, so there's no problem buying it to try it out.

The pony made contact with Actoz, who offered a price of $15 for the money plus a 30% cut.

Qi Yuan frowned deeply: "Didn't you talk to Wemade together?"

The little pony looked puzzled: "Wemade? Isn't 'Legends' an Actoz game?"

Qi Yuan immediately understood that the little colt had fallen into the trap set by Boss Chen from his previous life.

"I've been in South Korea for a few days now, and I asked around. I found out that the game 'Legend' was developed by Wemade. Wemade had no experience in operating online games, so they gave the distribution rights to Actoz, and the two parties agreed to jointly own the copyright of the game."

Qi Yuan recounted all the inside information he knew.

The foal immediately realized the seriousness of the situation.

Damn it! The Actoz guys didn't tell him any of this; this is a bombshell.

If Wemade doesn't handle this well, there will be serious problems later on. Luckily, the contract wasn't signed.

Qi Yuan added, "You should bring people out to talk to Actoz and Wemade, and try to secure the permanent exclusive agency rights for 'Legend' in China, using a one-time buyout model."

The little pony looked astonished!
The regular agency model and the one-time buyout model are different.

For a typical agent, an authorization fee is paid upfront, and the revenue sharing ratio is agreed upon by both parties.

The one-time buyout model involves paying a large sum of money upfront, without having to share revenue with Actoz and Wemade later.

The price of a one-time buyout is staggering, potentially ten, twenty, or even dozens of times higher than that of a regular agent. In other words, the cost of this deal could skyrocket from the original $15 to one or two million, or even two or three million dollars.

Where would Tencent possibly come up with that kind of money? Even if they could, the company's partners wouldn't agree.

Qi Yuan had considered this point early on and said directly, "Go ahead and bring your people to negotiate. It's just two or three million US dollars, right? I'll cover the cost first."

I had someone register a company in China, paid to buy out the permanent exclusive agency rights, and then I authorized Tencent to do so.

"Once the game becomes profitable in the future, Tencent will fund it, and then I'll transfer the distribution rights to Tencent."

The little pony was somewhat impressed; what great courage!

Also, is singing really that lucrative? You can easily make two or three million US dollars.

It seems the rumors were true; Qi Yuan's personal wealth has indeed reached 4 million, and it may be even more than that.

The clever little pony also knew that there was something Qi Yuan hadn't said.

If the game loses money, it's Qi Yuan who will suffer the loss, and Tencent won't lose anything.

After the meal, Little Colt wanted to pay, but Qi Yuan paid before him.

"It's settled then. You can take your people and negotiate with confidence, try to lower the price as much as possible. Remember, 'Legend' is not popular at all in South Korea, its competitor 'Lineage' is too strong."

Qi Yuan and Xiao Maju came out of the restaurant. Before getting into the car, the former reminded the latter of a couple of things.

Qi Yuan paid a large sum of money upfront to buy out the exclusive domestic agency rights because he didn't want any disputes, and he didn't want to have to pay tribute to the South Koreans for every penny he earned.

The little colt was overwhelmed with excitement; in his eyes, Qi Yuan was like God.

When he and his team were about to sell QQ, it was Qi Yuan who invested two million US dollars to support Tencent until it became profitable.

When Tencent is looking to find new business opportunities, it's Qi Yuan willing to spend money to buy game distribution rights.

You treat me as a national hero, and I will repay you as a national hero!

The young colt was determined to win the "Legend" game and return to China to show his skills. He wanted to demonstrate his abilities to Qi Yuan.

Tonight, he wants to have a heart-to-heart talk with Qi Yuan and explain his plans for the future of Tencent.

He went to the left rear door and tried to pull the door handle, but found he couldn't.

A second or two later, the car window rolled down, and a beautiful face with a pure, sweet, and slightly exotic look appeared in front of the foal.

"Pony, is there anything else?"

Sitting on the other side, Qi Yuan asked the little pony, which was disheveled in the wind.

"..."

The little pony paused for a few seconds, then forced an awkward smile.

"It's nothing, I just wanted to say goodnight and sweet dreams, Mr. Qi."

The little pony stood still, waving its paws, watching Qi Yuan and Han Caiying's car leave.

Depend on!
No wonder Qi Yuan didn't want to have a heart-to-heart talk with him. With such a beautiful South Korean girl in the car, he wouldn't want to either!
It seems the news reports were true; Qi Yuan is living a very carefree and romantic life in South Korea, which even Little Colt is a little envious of.

……

That evening, Han Caiying invited Qi Yuan to try authentic Korean food, which was much better than those side dishes like kimchi.

With a pure and innocent face and typical fox-like eyes, the combination of the two gives her a unique temperament that is both pure and charming.

By the way, Han Caiying used to study figure skating in the United States and considered becoming a figure skater. She has good flexibility, which made Qi Yuan's Korean food experience even better.

(End of this chapter)