How did I become a god

Wang Xiaohui flattered him first and said with a smile: "Mr. Jing, I can't hide it from your discernment! Phoenix Video's video website imitates HBO. It can produce high-quality products and top-notch dramas, but it is difficult to dominate the world.

iQiyi is learning from Netflix to conquer the city, but there are various limitations in China.The film and television censorship system alone is enough to give iQiyi a drink.It’s simply not possible to make TV series as you wish.

iQiyi’s growth opportunities lie overseas!This vigorous development on Hong Kong Island can be said to be the achievement of gaining a bridgehead.As long as it succeeds, it will surely be replicated in Japan, South Korea, Southeast Asia and other regions.That’s when iQiyi will take off.

As for domestic video website competition, or streaming media competition, we still have to look at Qiyi TV.So I want to apply to Mr. Jing to let Qiyi TV be listed on the market, whether it is in the mainland or Hong Kong Island.

I want to expand the channels for raising funds as much as possible after going public in order to compete with Youku and Tencent Video.At present, our Qiyi TV is being suppressed miserably. "

Previously, Mr. Jing asked Phoenix Bank to give Qiyi TV, which was still called "Qiyi Super Media" at the time, a loan of US$5 million to maintain operations and recover the equity.

Speaking of my own son, Qiyi TV’s ranking is really better than iQiyi.

iQiyi was listed on the US stock market in March 2018, and as of May 3, it has already returned to Hong Kong Island for listing.Moreover, it is listed under the AB share system.

The main shareholders are: Phoenix Group, Baidu, Hillhouse Capital, Xiaomi Investment, Sequoia China, and the founding team.

Among them, Phoenix Group holds about 60% of the shares, and will continue to reduce its holdings at high levels.I had previously reduced my holdings by 1.8% of the stock. The development of iQiyi requires funds!

According to estimates by industry insiders, Uaiteng's three video websites each burned approximately 1 billion yuan in funds in ten years. The result is that domestic entertainment will lead to traffic stars!Made a mess.

After iQiyi was sold to Phoenix Group by Baidu, it wanted to keep up with Maochang and Goosechang’s investment in video websites, so it chose to sell shares to raise funds!
Therefore, iQiyi’s shares are still dispersed to a certain extent.And this trend will continue.

Because of the AB share model, Phoenix Group only needs to obtain more than 50% of the voting rights to control the company, and does not need to hold more than 50% of the shares to control the company.

In contrast, Qiyi TV was formed from redundant departments spun off by iQiyi when it was first established.Of course, there are also several film and television drama production departments who are unwilling to follow Gong Yu in the "Netflix" model.

They are all used to being capital and dominating everything in production, so they don't want to engage in a "playwright-centered" model where the screenwriter is the center.

Qiyi TV was in a precarious situation, and many investors were not optimistic about it. The funds on the books could only support it for two or three months. He had to go to the well to get a total of 5 million US dollars to survive. This actually allowed Qiyi TV to use less funds. Most of the equity was recovered.

The current shareholding structure of Qiyi TV is: 90% of Phoenix Group and 10% of internal employees.

The reason why internal employees can hold this proportion of shares is because the company can only appease people's hearts by issuing stocks to all employees in times of extreme danger, expressing that we will live and die together.

...

Jing Gao laughed upon hearing this.He knew that Wang Xiaohui and him were not of the same mind.As expected, he really wanted to develop in the cesspool of domestic entertainment!
However, even if Qiyi TV becomes the number one long video website for domestic entertainment, will he value Qiyi TV in his heart?
Will not.

The ancients said: Literature conveys the Tao.In his mind, the enterprise is a vehicle to realize his ideals, not to make money!

He is a majestic and powerful person, but what is missing is money?

What’s bad is the influence!

What’s worse is the sense of accomplishment of changing society and the world on your own!Jing Gao took a sip of tea and spoke fragrantly: "Old Wang, tell me, why is it that iQiyi imitates Netflix's operating model and cannot expand in China?"

He did not follow Wang Xiaohui's train of thought and was temporarily noncommittal on whether to promote Qiyi TV to the stock market.

Wang Xiaohui dared to speak in front of Jing Gao, so he was naturally prepared for all kinds of rhetoric.Across the oval conference table, he said calmly: "Mr. Jing, not to mention the hidden dangers of the Netflix model itself, there are currently four major problems in iQiyi's imitation of Netflix in China.

First, the censorship issue I just mentioned.Currently, the censorship of online dramas is a little looser than on screen, but tightening it is definitely a general trend.This determines iQiyi’s room for maneuver.

Second, there is the copyright issue.At present, the copyright of film and television dramas has not been completely resolved.There is a lot of piracy on the Internet.This limits companies whose main profit model is membership fees.

Third, the current domestic film and television drama production has not yet formed a complete industrial chain, but is a small workshop production model.This means that it is very difficult to collect a large number of good dramas like Netflix.

Mr. Jing, don't look at the decline in the production level of domestic entertainment that is being criticized all day long on the Internet, but in fact, most of the dramas that can be starred in and online are high-quality products in production, and more of them are a large number of shoddy works!
Fourth, the number of paid members of iQiyi cannot reach the size of Netflix.This is an innate ceiling.With its backing to the United States, Netflix has the ability to harvest members around the world.If iQiyi is only in China, there is no possibility of growing paid membership.

We have tried our best over the years, but there is no possibility of large-scale growth in the paying members of the three Youaiteng families.

That's my reason.Domestic video websites still have to follow the profit model of eating more, sharing contracts, and traffic. "

Jing Gao placed the tea cup on the conference table, watched the tea leaves in the cup rise and fall, and said leisurely: "But I don't like this profit model!"

There is always something to pursue in life.

He is already a powerful person, surpassing the capital of the entertainment industry by at least three levels.Sequoia China, the current top domestic entertainment capital, is almost as good as his younger brother in front of him.

So why can’t he shape his own business according to his own wishes and drive the internal entertainment ecosystem?

Wang Xiaohui: "."

He talked for so long, but he didn't expect that Mr. Jing would give this answer: I don't hope!
Mud, if you have money, you are awesome!
Wang Xiaohui stood up and left in frustration: "Mr. Jing, I've finished my report. Goodbye!"

Looking at Wang Xiaohui's stumbling back, Jing Gao tapped the table with his right index finger twice and said: "Old Wang, don't even think about listing on the A-share market. Phoenix Films' listing will waste a lot of my energy, and it will probably be over soon.

Qiyi TV is going to be listed on the Hong Kong stock market!I asked the investment arm of Bank of East Asia to be your underwriter. "

Bank of East Asia and LP Investment Group have merged to become Southeast Asia's premier investment bank!It is also a large hybrid bank!Its various businesses are complete.Stock underwriter is one of the businesses.

Wang Xiaohui never imagined that there would be such twists and turns. He turned around and bowed deeply: "Mr. Jing, thank you! On behalf of all my colleagues at Qiyi TV, I would like to express my gratitude to you!"

Jing Gao smiled and waved his hand: "Old Wang, since you admire the profit model of Qiyi TV, let me see your future performance. Go ahead!"

Wang Xiaohui: "Hey." As a man in his 40s, when he turned to leave, he felt moved by being cared for by his parents.