After all of them were reborn, who would still be an actor?

Chapter 677 The Sino-Korean Trend: FBTV Goes Public!

"Director Li, what do you mean by this? Don't you believe me? We've already calculated it; a five-fold profit is the minimum!"

“The salaries of Korean stars can be pushed down even further, and the production costs can basically be ignored.”

"Entering the Tokyo market is too difficult; we'll be besieged by BAT (Baidu, Alibaba, Tencent). But blocking BAT from going overseas is too easy for us. There's no need to hesitate; we will definitely dominate the entire Asian streaming media market!"

"iQiyi is a great partner. Gong Yu has a IPO bet. If we don't reach the top market share in China, he won't get all the stock options. He can buy our shows at any cost."

The three of them kept talking, which annoyed Li Mingyang.

When Li Mingyang and the other two got tired of talking, they slowly said, "Our intentions are too obvious. Others aren't idiots."

"When the 'Your Name' animated film will be released is unknown."

"Without the paving the way for the doujinshi market, how difficult it would be for others to understand, but don't you understand? We have no advantage in the doujinshi battle."

Wang Changtian laughed, and Li Meijin and Boss Zhao laughed along with him.

"Director Li, we also have allies in Japan. Sony has contacted me and hopes to invest in FBTV. In the future, Sony will pave the way for FBTV's development in Japan."

Upon hearing this news, Zhang Wei's eyes lit up.

Li Mingyang frowned deeply!

It went so well!

Li Mingyang didn't know how the three of them had done it, but entering the Thai market was to be expected.

Let alone the flower bouquet CJ, even Huace's attack on Thai entertainment is a dimensional reduction, as Thai entertainment is deeply linked to the tourism industry!

The film and television industry is a secondary industry, and the salaries of stars are so low that they earn less than 10,000 yuan per episode.

Thailand's total box office revenue for the entire year of 2012 was less than one billion baht.

Unlike Japan, which is a major entertainment power with a well-developed entertainment industry system, a closed-loop economic chain, internal monopolies, and regional separatist regimes.

Sony supports Lenovo, but it won't directly confront local TV stations.

Sony doesn't actually need to partner with FBTV; it can build its own streaming platform.

I sense they have ulterior motives.

Damn it, could it be that they're deliberately trying to lure me into the doujinshi market because they see I haven't made a move yet?
Li Mingyang felt that the situation was becoming increasingly complicated, but at the same time, it was also becoming increasingly clear.

Li Mingyang learned a profound lesson from his journey with Netflix: cooperation will inevitably lead to betrayal sooner or later; only by eliminating the opponent can there be a bright future!

Netflix fought its way up; becoming the king of streaming media isn't a matter of mutual agreement and compromise—it's a path strewn with bones!

They don't even have any real allies!

Li Mingyang did not make a decision, but instead handed over the decision-making power to Wang Changtian, Li Meijin, and Boss Zhao.

“I plan to continue filming the prostitutes for at least a month. As for how FBTV should develop, you can discuss it yourselves… I only have one request: after Bouquet CJ goes public, Zhang Wei must return to China. She must stay in China until I finish filming the prostitutes.”

All three of them had no objections, and Zhang Wei had even less to say.

After the meeting, Li Mingyang returned to his office and began researching information about Netflix.

The first season of House of Cards has already aired.

The lack of unique content has always been a weakness for Netflix. The reliance on buying content from others has also become a Achilles' heel of the company; Netflix's annual expenses, including licensing fees paid to Disney alone, amount to as much as $3 million.

The emergence of House of Cards allowed Netflix to escape the Hollywood blockade and embark on a path of original series where content is king.

There are many commercial television stations in the United States, and the competition is fierce, which has led to the emergence of a production model where shows are filmed while they are being broadcast.

This is so that we can observe the audience's approval of the series in a timely manner and adjust the plot to cater to the audience.

If the ratings are bad, there's no need to film the rest; it's better to end it early and air the next episode.

However, Netflix firmly believes that it has grasped users' viewing preferences through the data analysis results it has collected, so it boldly adopted a brand-new playback model: releasing all episodes at once.

For those who enjoy watching dramas, this is much more satisfying than the weekly update schedule.

The huge success of House of Cards is not only due to the excellent quality of the series, but also a victory for the new broadcasting model!

Netflix is ​​not yet the streaming king it will become; it has simply taken flight, expanded into the European market, and achieved great success.

The company has 3630 million subscribers worldwide, including 2920 million in the United States and 710 million international subscribers.

It set an example for streaming media worldwide!
Netflix truly evolved after it came to Asia.

Li Mingyang stroked his chin, looking at the news about Netflix. "Which idiot said that Netflix is ​​transforming into a film and television company? Film and television my foot! It's neither an entertainment company nor an internet company; it's a technology company!"

Although it is a technology company, Netflix claims that it "does not pursue technological leadership" and pays more attention to "how well the story is told".

That's complete nonsense!
Netflix's recommendation algorithm is even more powerful than TikTok's!
Of course, considering the overall algorithm, Douyin is superior!
Netflix's recommendation algorithm controls what viewers watch; approximately 80% of the content is pushed to us through the recommendation algorithm, rather than being actively searched by users!
Without competition, there is no progress.

The University of Tokyo's app has the best user experience in the world; it's truly being optimized.

Meanwhile, the apps of overseas giants are just stagnant, unchanged for over a decade, with recommendation algorithms that are absolutely terrible.

Netflix is ​​quite unique, as it has been constantly optimizing the user experience.

This is why TikTok became an instant hit in the US and delivered a devastating blow to Western internet giants and traditional media!
It's because TikTok's algorithm is so domineering that people can't help but be addicted!

Douyin's platform recommendation system adopts a "human + machine" collaborative approach for risk management: the human operation and governance system guides the algorithm; at the same time, the multi-objective algorithm actively breaks the "information cocoon" to bring users richer recommendation results.

Breaking down information cocoons...

TikTok is awesome, incredibly awesome.

Shanghai has devised a specific set of rules for "not believing or spreading rumors" to precisely target this issue.

"Two years... No matter how FBTV develops, it will definitely run into Netflix in two years!"

pat!

Li Mingyang lit a cigarette, and in the wisps of smoke...

He felt that if FBTV didn't gain the upper hand in its overseas competition with Netflix, it would almost certainly lose.

in the country, he can take on three opponents at once and crush iQiyi, Youku, and Tencent Video!

But overseas, iQiyi, Youku, and Tencent Video combined can't compare to Netflix now.

Netflix's equity structure has no preferred stock; it consists entirely of common stock.

Founder Hastings's shareholding was extremely low, at its lowest point less than one percent.

The company's largest shareholders are investment institutions, with Vanguard Group, BlackRock, Fidelity, and State Street holding more than 70% of the shares.

Netflix's salary structure is also quite unique, consisting of stock options plus a fixed salary, with the ratio adjusted by the employee.

If you want higher dividends, you can get more stock options.

This incentive system is extremely aggressive; the employees are like they've been injected with adrenaline.

Moreover, this salary structure applies to everyone, not just management.

Hastings doesn't care about the company's controlling stake at all.

They don't care about the amount of money.

He only cares about winning!
……

Every step Li Mingyang is taking now is related to Netflix, because the two sides will soon run into each other!
Zuo Shandiao wanted to kick him out of the Three-Body Problem project, and Toho shot a Japanese version of the bouquet.

Wanda and LeEco wanted Zuo Shandiao (a notorious bandit leader) to step down as soon as possible, so they used him as a pawn.

With the convergence of Chinese and South Korean influences, the higher-ups wanted him to stay in South Korea, but the Chinese entertainment industry was desperately trying to pull him back.

All of this made him feel disgusted.

It did not have a significant impact on his plans.

Zuo Shandiao's idea of ​​kicking him out of the Three-Body Problem project is pure fantasy.

As long as The Three-Body Problem is not turned on, he can stay away from China for a day!

That's what Li Mingyang thought, and that's what he planned to do!
However, the window of opportunity for the convergence of China and South Korea opened up suddenly with Ms. Park's official inauguration!

Li Mingyang discovered that he was being used as a mascot...

I had no choice in the matter!

There was simply no time to photograph the lady...

He's always the one who gets involved in all the big and small things related to cultural exchanges between China and South Korea.

It seems that without him, cultural exchanges between China and South Korea would be missing something.

I can fly back to China up to three times a day: from Shanghai to Hangzhou, from Hangzhou to Zhangjiajie, and from Zhangjiajie to Yanbei.

I see leaders of all ranks every day.

Since then, Li Mingyang has become a symbol of cultural friendship between China and South Korea and a mascot for various conferences.

Occasionally, I can even sit at the same table with Jack Ma and Little Ma.

Let's go back to Korea!

I visit the Blue House frequently.

You can call her stupid, but you can't say she's unpatriotic... This mascot-themed event will continue until March 20th, the Spring Equinox!

The day was neither too hot nor too cold, and the spring sunshine was bright.

Lee Myung-yang received his medal at the Blue House.

Miss Park personally awarded Lee Myung-yang the Order of the Establishment of Diplomatic Relations and the Gwanghwa Medal!
Actually, this medal should have been awarded at the embassy, ​​and Ms. Park didn't need to present it to her personally.

However, Lee Myung-yang was still very proud to be awarded a medal at the Blue House and to have his face featured in more than 300 media outlets around the world.

This medal is even more impressive than the Blue Dragon Medal!
After the awarding ceremony, Li Mingyang returned to the company, where Zhang Wei, Wang Changtian, and Boss Zhao prepared a grand celebration for him.

After eating and drinking for a while, Li Meijin finally arrived.

Without asking, Lee Myung-yang knew where she was: either sitting blankly in the Blue House reception room, or being summoned by prosecutors to assist in the investigation.

They've been targeted terribly.

"Director Li, what are your thoughts today?" Li Meijin asked with a smile.

"My impressions... are rather bland."

"Director Li always says things that are surprising!"

Li Mingyang clinked glasses with Li Meijin, then glanced back at the employees of Bouquet CJ. "Tomorrow is the big day for Bouquet CJ, and I can't wait."

"It's already very good that it can be listed in just over a year. I've been waiting for six years!" Mr. Zhao said with a smile.

“I’ve waited thirteen years,” Wang Changtian said.

"Director Li may not like stock trading, but he does like going public, haha."

"He's also a master at stock trading; he always manages to get out early."

"Come on, let's wish us a great start tomorrow and that our stock price doubles!"

"The stock price has doubled, and it's about to surpass the market value of CJ Entertainment."

"You should always have dreams, what if they actually come true?"

"Ha ha!"

The next day, August 3th.

Lee Myung-yang's bouquet made its debut on the South Korean stock market.
On its first day of trading, CJ's stock opened at 27 won, double the previous IPO price, demonstrating the strong demand from South Korean investors.

After the market opened, CJ's stock price rose by as much as 30% to 35.1 won, hitting the daily limit and pushing the company's valuation to 2.6 trillion won.

It exceeds the combined market capitalization of the three major Korean entertainment companies: YG Entertainment, JYP Entertainment, and SM Entertainment.

At the close of trading that day, Lee Myung-yang, who held a 25% stake, saw his net worth surge by 6500 billion won.

That's equivalent to about 34 billion RMB.

Including Enlight Media's stock, its net assets are just one step away from 100 billion RMB!
Surpassing Lei Jun of Xiaomi is just around the corner!

Lei Jun even called to congratulate him and, incidentally, asked Li Mingyang to return to China to endorse Xiaomi phones.

They already have so many endorsements, one more won't make a difference.

Li Mingyang was in a good mood and immediately agreed.

Who would have thought that this seemingly insurmountable gap between a net worth of billions would turn into an insurmountable chasm the very next day!

Both Guangmang and Bouquet CJ stocks hit their daily limit down!

Light & Light fell 10%, and Bouquet CJ fell 30%.

These are the largest drops on the exchange.

The stock price plummeted so quickly that Li Mingyang had barely settled into the production team when both stocks hit their daily limit down, giving him no time to even react.

Lightspeed China Holdings Limited (LSC) has fallen below 30 billion won, and CJ Holdings Limited (CJ) has fallen below its IPO price, with its market value reduced to only 1.82 trillion won.

This is clearly a premeditated and deliberate short selling.

"President Cai, you've finally arrived! Please come in and have a seat."

Li Mingyang moved a chair and invited Cai Zhongxin to sit down.

After Cai Zhongxin sat down, he glanced at Boss Zhao and Wang Changtian and laughed, "You two have been in Korea for quite a while now, more than a month, haven't you gone back home yet?"

"Isn't this all about preparing for the launch of our bouquet at CJ?" Wang Changtian said with a smile.

"Really?" Cai Zhongxin looked at the two influential figures in the Chinese entertainment industry with suspicion.

“I never expected that the foreign aid that Director Li found would be General Manager Cai… No wonder…” Wang Changtian said.

The comment, "No wonder," made Tsai Chung-hsin quite embarrassed. He didn't actually want to be exposed, but when the time came, he still had to step forward.

Otherwise, Li Mingyang might not be able to get past this hurdle...

"Director Li, you're in big trouble this time... Overseas investment banks have their eyes on you!" Cai Zhongxin said, his fingers interlaced on the table, looking troubled.

"Oh, it wasn't done domestically!"

"There are definitely people in China involved! You didn't take LeEco's shares, causing LeEco's stock price to plummet every day. How could Jia Yueting not target you? And the Wang brothers, they pledged 10% of their shares before the new year. That's definitely for taking you down! And Yinghuang, they're all waiting for you!"

"So united?"

"It's not that they're united, it's that the overseas investment banks are united... The stock price of Enlight Media was caused by the brokerage firms running away. They may have gotten the news in advance. The stock price of CJ Group has fallen. They won't give you the opportunity to raise funds."

Wang Changtian silently took a sip of tea, while Boss Zhao picked up a pen and wrote something in his notebook.

Li Mingyang crossed his legs, propped his chin on his hand, and asked with a furrowed brow, "Xiaoyaozi wasn't involved, was he?"

“He likes you so much now, how could he smash up your company?” Cai Zhongxin sighed. “Not long after you called me, he asked me to find out who was shorting Bouquet CJ.”

"So, Xiaoyaozi also knew it was an overseas investment bank?"

Cai Zhongxin nodded.

"So what was his attitude? Did he offer to help?"

Cai Zhongxin pointed at Li Mingyang and laughed, "Now you know fear, but he won't help, because he can't. The Wall Street investment banks' target is FBTV and you. Have you ever seen the barbarians at the gate?"

"Of course I've seen it."

"You've now become Wall Street's prey. Public pressure, decision-making battles, social dinners, board meetings, and government pressure will come one after another until you're willing to."

"How many do they want?" Li Mingyang asked directly.

"They only want the profits, at least 60%."

"I only give 25% to the chaebols."

Do you think the chaebols listen to you or to them?

Um... I'll definitely listen to Wall Street...

"I'm just a small streaming company, is it really that big of a deal...?"

"To put it simply, your intentions are too obvious. Major investment banks are very sensitive to this kind of strategic planning. Your Asian streaming media plan has already been put on the table by major investment banks. This time, BlackRock and Vanguard Group are eyeing you."

"Shareholders of BAT?"

"You actually knew that..."

"How could I not know?"

These two groups are Netflix's largest and second largest shareholders!
“Their appetite isn’t actually that big, but there are just too many investment banks.” Cai Zhongxin paused, then said with a smile, “The best solution now is to spin off FBTV and bring it back to China.”

"We can withstand their pressure on the stock price," Wang Changtian said confidently.

“Going back to China would be like throwing lambs to the slaughter,” Boss Zhao mocked.

"I'm just making a suggestion. There are advantages to leaving the case, and returning to the country means receiving protection from the country."

"I just went public, and now I'm going to delist? Is that really feasible?"

“Definitely not, going public is no child’s play,” Cai Zhongxin said.

"Therefore, no matter what, CJ Bouquet is destined to plummet."

"almost."

"Either way, it's going to fall, so I choose... to see how low it can fall!"

"That's possible; it's your right to choose."

"I want a detailed list of short sellers. Where can I get it?" Li Mingyang took off his sunglasses, his gloomy eyes sending chills down one's spine.

"Give me an hour. Do you have a fax machine here?"

"Yes, the building next door used to be the finance department, and there were several people there."

Tsai Chung-hsin said it took an hour, but in reality he only made a phone call and then toured the Miss Film Set.

The Miss film crew was located on that land in Cheongdam-dong.

(End of this chapter)