Rebirth is fine, but I get eight hundred dollars right from the start?

The more equity we own, the tighter our bones and flesh will grow.

This may sound crude, but it makes perfect sense; anyone who hears it would nod in agreement.

When Lin Shu uttered the words, "I am willing to spend extra money to purchase more shares," the expressions of Gu Feng and his group visibly relaxed, and the slight smiles on their lips were barely concealed. They exchanged glances, understanding each other without saying a word.

If one second it was a business negotiation, the next it's a discussion between partners about the platform's future development.

You ask them why they value the Emperor so much.

Personal value is naturally a significant factor, but for these seasoned veterans who have been navigating the business world for years, Lin Shu's phenomenal rise to prominence is also a major reason for their admiration.

The reason is rather ridiculous. Some older people in the industry like to talk about metaphysics, saying that every era and every industry has its destined "protagonist," and in their eyes, the ID Emperor is the chosen one in the esports circle who is being fed by God.

Call it superstition or intuition, but looking at the skyrocketing data curve in Lin Shu's live stream, no one dares to slam their fist on the table and say it's luck or some other reason at play.

"Is 'Next Stop, Pro?' an e-sports variety show?"

Gu Feng flipped through a couple more pages of the proposal, then looked up, his eyes filled with genuine curiosity. "President Lin, could you explain the specifics of how it will be done?"

The conditions proposed by the other party, such as reducing the contract term from three years to two years and voluntarily reducing the equity stake from 2.5% to 2% but allowing for premium increases, were, in Gu Feng's view, not worth discussing at all.

Reducing shareholding? That's like spitting out meat that's right in front of your mouth—something you'd be more than happy to accept.

Increase holdings? That would be like chaining this number one LOL player to Huya's chariot with an even thicker chain. Not to mention the people here, even if you took the proposal back to YY headquarters, those old fogies wouldn't be able to find a single fault with it.

Therefore, he simply focused his attention on the proposal provided by the other party.

As the saying goes, professional matters should be left to professionals. He believes that he has been deeply involved in the live streaming industry for many years and understands the market.

However, when it comes to the e-sports market and e-sports monetization, none of the people present can compare to this eighteen-year-old in front of them.

"Yes, e-sports variety shows refer to online variety shows that take e-sports as their core theme and integrate variety show production techniques such as reality shows, talent shows, interviews, documentaries, and group variety shows. They belong to the derivative content of e-sports pan-entertainment."

Lin Shu gestured for Gu Xinyue to pass the extra attachments to the others, and continued, "Let's be frank. The e-sports, or rather the game live streaming market, has already gained initial recognition from capital. I don't need to elaborate on how fierce the market competition will be in the next year."

"Well, please allow me to be a little narcissistic... The fact that Huya offered me this generous contract is partly due to past friendships and partly due to my personal commercial value, but I think the extent to which I can get equity is more about gaining an advantage in the upcoming live streaming war."

Gu Feng and the others remained noncommittal.

What is the first-mover advantage?

The "first-mover advantage" refers to the current situation where League of Legends (LOL) boasts tens of millions of game fans, making it the only e-sports traffic carrier in China, and the use of this seemingly magical contract to acquire valuable assets.

Simply put, with Emperor around, Huya is synonymous with professionalism and scale in the eyes of ordinary casual gamers.

In the eyes of those streamers, it can also be a symbol of exorbitant salaries and a platform with unlimited growth potential.

In particular, Emperor, the mainstay of the platform, can bring countless streamers massive traffic. However, due to his special status, he cannot guarantee long-term live streaming, so he will not excessively take away their share. In the future competitive live streaming market, he will certainly have a huge advantage.

But what does this have to do with this project proposal?

Lin Shu saw through everyone's thoughts and said eloquently, "I know that Huya is in its early stages and needs my support to boost traffic. But after we got the shares, this is our own business. It's our duty to build Huya's glory."

"But think about this: no matter how much I, Lin Shu, can broadcast, I can only sit in front of the camera for four or five hours at most in a 24-hour day. After that, I will be cut into pieces by training, competitions, and some commercial activities. The traffic is mine, that's true, but I can't take it with me or leave it behind."

"Today viewers come to watch me, but tomorrow after I finish my broadcast, they close the app and leave. This traffic is dynamic, but it has no root. I can't guarantee how much of it will be converted into other rooms on the platform."

"so……"

so?

Lin Shu's description had a somewhat playful tone, so much so that the atmosphere in the room was not heavy.

He flipped to a page in the middle of the proposal, on which was drawn an arrow chain: "So my idea is to convert Emperor's personal traffic into e-sports variety show traffic, and then convert the show traffic into traffic for the entire platform."

"Personal live streaming is different from program live streaming. As the initiator and a mentor or person in charge of professional youth training, my fans will follow the program—this is the first level of conversion."

"Then, with contestants, storylines, eliminations and advancements, and comeback stories, the audience's attention will gradually shift from me to the dozen or so trainees on the show. These are all newcomers, but they will grow, compete, and create memorable moments on the show. The audience will remember them, follow their progress, and wonder, 'Can that kid who performed well in the training matches make even greater progress today?'"

"If we use more shots or even more anchors, viewers who enjoy different angles and content will naturally stay."

Lin Shu continued, following his train of thought, "By then, these contestants, or those in the industry who want to participate in our program, will be exclusive contracted streamers with Huya. Every episode airs, a new batch of faces will be brought to the forefront; every time someone is eliminated, their fans will flock to Huya. And Huya only needs to put these contestants' live streams below the program's special page—viewers will watch the program, casually click on it, and the audience will stay. My personal traffic is the fuse, the program is the explosive charge, and Huya's platform is the mine that's been blasted open."

"This is what makes it sustainable. My individual livestreaming time is limited, but a seasonal variety show can have ten or twelve episodes, each two hours long, plus behind-the-scenes footage, contestant vlogs—the content production capacity is dozens of times that of me. And all of this content carries the Huya logo and is exclusively broadcast on Huya."

"In my opinion, even live streaming needs to develop towards high-quality and content-driven models if it wants to survive in the future."