My capital is quite large.
Chapter 428 Cutting Off Flesh!
When Wang, the richest man, dragged his weary body through the door of his private residence, it was as if his spine had been removed.
The entryway was quiet, except for the crisp, rapid tapping of a mechanical keyboard coming from the high-ceilinged living room not far away.
"Smoke! Smoke and pull me! There's a sniper on the other side of the hill!"
"Damn, that's some marksmanship!"
In front of the sofa, a custom-made computer host worth millions of dollars flashed a dark blue marquee light.
Mr. Wang was wearing headphones, his hands flying across the keyboard and mouse, with the wildly popular game "PlayerUnknown's Battlegrounds" prominently displayed on the screen.
Looking at his son, so engrossed in the virtual world, a sense of helplessness and complexity appeared in Old Wang's eyes.
There was a time when he dreamed of his son joining the board of directors as soon as possible and taking the helm of Wanda, this giant commercial ship.
But reality dealt him a cruel blow.
After navigating the ups and downs of the business world for thirty years, Old Wang has finally seen through it all.
Wanda is a ship that is too heavy, and the reefs inside are too deep.
My son, though clever and quick-witted, is ultimately a sheltered flower who has never suffered hardship and is simply not up to the task of handling this level of turmoil.
"Hoping he will take over... I'm afraid that within three years, Wan Da will be completely taken advantage of."
Old Wang gave a bitter laugh to himself.
Since he can't rely on anyone else, he, as the father, must prepare a backup plan in advance, as the storm is about to break through the precipice.
Even if Wanda goes bankrupt and is liquidated, he will still have to remove the assets under his son's name.
......
"Dad, you're back?"
Only when the character on the screen turned into a wooden box did Mr. Wang take off his headphones.
Seeing his father's unsteady steps, young Mr. Wang put aside his usual arrogance and asked with concern:
"What's wrong, Dad? You look like you've been seriously ill."
Old Wang walked to the sofa and sat down. He didn't answer, but simply lit a cigarette and wearily rubbed his temples.
"Sichong, in the future... play less games and pay more attention to the outside world."
However, it is clear that Mr. Wang failed to understand his father's advice.
He had no idea that his family was on the verge of an abyss.
Upon hearing the word "games," Mr. Wang's eyes lit up.
He quickly approached Old Wang and asked expectantly:
"Dad! Didn't you go fishing with Li Feng today? How did it go? Did you make a deal?"
"Did you bring up that thing I mentioned to you the other day?"
"Did Li Feng agree to renew the esports broadcasting rights for League of Legends and PUBG for me?"
……
"Broadcasting rights renewal?"
Old Wang paused slightly while smoking, and looked at his son with a somewhat blank expression.
Today, he was by the reservoir, his mind filled with the 20 billion yuan bridge loan, and he didn't care about e-sports broadcasts at all.
"Sichong, what contract renewal?" Old Wang asked, frowning. "Didn't your Panda TV already get Haofeng's authorization?"
"Oh, Dad! That's different!"
Young Master Wang got a little anxious and plopped down next to his father to explain:
"Back then, Li Feng gave you face and said he would grant us the authorization at 80% of the market price."
"But he only signed a three-year contract with me!"
Mr. Wang counted on his fingers:
"The first year is 20% off, it's a great deal."
"The following year, he used the excuse of the competition being upgraded to double the price!"
"The three-year term is almost up! We'll have to sign a new contract next year!"
"I heard that a certain platform offered Haofeng a staggering 200 million yuan a year to secure this exclusive license!"
"If Li Feng also demands an exorbitant price, or even refuses to renew our contracts, then my Panda TV... will be completely helpless!!"
boom!
These seemingly casual complaints, however, struck a chord with a thunderbolt in the ears of a seasoned business tycoon!
Old Wang's fingers, which were holding the cigarette, trembled, and the ash fell onto his trousers, burning a small hole, but he was completely unaware of it!
The first year is a treat...
The price increased the following year...
The third year, we're stuck at a critical juncture...
As a real estate tycoon who rose through the ranks from the bottom, Lao Wang is all too familiar with this kind of business tactic!
It's a pig butchering scam!
Thinking of this, Old Wang suddenly turned his head and grabbed Little Wang's arm:
"Sichong! Tell me the truth!"
"How much money did you actually invest in Panda TV?!"
"How does your platform primarily make money from the content it broadcasts every day? Where does the bulk of the traffic come from?!"
……
Startled by his father's sudden sternness, Xiao Wang was somewhat bewildered.
"I invested...I invested about a billion yuan."
"Most of the funding was raised by me; I personally invested several hundred million..."
"As for the content..." Mr. Wang subconsciously pointed to the computer screen behind him:
"Dad, this is what young people watch these days! About 80% of our platform's daily popularity and traffic comes from games under Haofeng."
"The professional leagues of League of Legends, the KPL of Honor of Kings, and the currently wildly popular Battlegrounds..."
"As soon as these top streamers go live, the screen is packed with viewers, and at least 80% of the platform's revenue comes from these game streamers..."
"It's over!!"
When Old Wang heard the words "80%", his vision went black and he almost fainted!
pit!
This place is full of potholes!
"Li Feng has your neck...stuck!!"
Old Wang was trembling with anger, pointing at his son and cursing loudly:
"You worthless piece of trash! You've staked your entire platform's future on someone else's backyard?!"
"Using someone else's game to gain traffic, once they rescind the license, you're just an empty shell with nothing to your name!!"
Looking at his furious father, young CEO Wang looked aggrieved and confused.
That arrogance born with a silver spoon in his mouth made him stubbornly retort:
"Dad! Why do you always think so badly of people?!"
"Didn't you and Li Feng used to have a pretty good relationship?"
"Why would a boss as big as him go to such lengths to mess with me?!"
"You know nothing about shopping malls!!"
Old Wang slammed his hand on the coffee table, making the teaware on it jump around!
He looked at his simple-minded son, who had never suffered any hardship, and said earnestly:
In the business world, when you're doing well, everyone in the world seems like a good person!
Everyone smiles at you, everyone calls you Big Brother!
"but!!"
Old Wang's eyes were so cold they sent chills down your spine:
"If you're down on your luck, even if you show the slightest sign of weakness..."
"Those who once called you brother will all turn into man-eating wolves overnight!"
"Everyone wants to rush up and tear two bloody chunks of flesh off you!!"
Old Wang immediately said:
"Cut your losses!!"
"Now, immediately, right now! Prepare to sell Panda TV to me!!"
"Find a buyer! Whether it's Tencent or Alibaba, sell as many as you can!"
"Even at a discount, we must cash out all our shares! Get out now!!"
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