Chapter 1159 Learn to Play

Last year, Tianmei Games’ revenue was 28.7 billion, ranking third behind Tencent and NetEase;

It is worth mentioning that Sanqi Interactive Entertainment, ranked fourth, has revenue of only 6.4 billion...

The situation of the three giants in the mainland gaming industry is complete!

The growth of Tianmei’s gaming business is due to the revenue contribution from newly launched mobile games such as “Onmyoji”, “Honkai Impact 3” and “Arknights”.

The tactical competitive mobile games "Wild Action" launched this year, including "Awakening of Kingdoms", also performed very well.

Money indeed!

Of course, tens of billions will definitely not be available, but 8 billion is not a big problem...

As a result, Shen Xudong also joined the acquisition army, joining Sun Hongbin of Sunac and Li Silian of R&F Group in joining the acquisition.

At the signing site, Shen Xudong said: "We have plans to build a theme park... We originally planned to run it slowly by ourselves... Isn't this a coincidence of timing? Wanda's big sale and taking over Wanda Park is much better than slowly building it ourselves..."

When a reporter asked about debt, Shen Xudong shook his head: "Debt? We don't bear this, and we don't take over the land. We only take over the theme park... I have never been interested in building or selling houses... There are so many real estate companies in China, we don't have to Join in…”

"I still feel that making content is more challenging. Building a house or selling a house can be done by just anyone, but making content is not..."

"...What do you think of the economic situation? Why don't you ask me what I think of the situation in Syria?"

"I'm a film and television person, and you ask me about the economic situation? I'm not professional enough!"

…

In fact, "The Wandering Earth", "Wolf Warrior 2", and "The Richest Man in Xihong City" are three hit movies, and Shen Xudong is now the new talker in domestic entertainment...

Logically speaking, since Shen Xudong debuted, he has basically not let the annual box office champion fall by the wayside. But before, the first place was only a billion, and the highest was more than two billion. Although there is a gap between second and third, the gap is not like this year. Obviously - the current top ten box office lists include "Wolf Warrior 2" with 6.2 billion, "The Wandering Earth" with 4.18 billion, "The Richest Man in Xihong City" with 3.2 billion, and the following is "Kung Fu Yoga" with 1.2 billion...

Then ranking fifth is "Send You a Little Red Flower" directed by Han Yan...860 million.

Oh, this is a list limited to Chinese-language movies.

We can clearly see a pattern: the Matthew Effect in the film and television market is too obvious!

It’s just that the box office is too concentrated…

Resources, attention, and box office are all concentrated on a few hits.

Moreover...these hits are all Tianmei's projects, and they are all industrial type films that Shen Xudong has mentioned many times before!

There is basically a consensus among people inside and outside the industry: Chinese-language films rely on Tianmei Media.

Shen Xudong did not take the opportunity to promote anything. He just responded to the craze on Weibo: If it is a capital-based company, it must consider cost, cycle, and rate of return. Once you calculate it, it is impossible to make money from this thing. Many companies Never mind.

But our company is not a capital-based company, there is no gambling agreement, and there is no performance pressure. As long as the company does not collapse, everyone can continue to work and can do things. Therefore, our company is willing to try many projects!

Big companies don’t do such things, so they expect small companies to do it?

Oh, during this period, Shen Xudong was basically busy with the company. Maoyan merged with Weiying Times, purchased 13 theme parks, and sold Netflix stock...

Three things occupied most of Shen Xudong's energy.

Maoyan's acquisition of Weiying Times has actually been discussed since 2015, but Weiying Times had a tough attitude at the beginning. At that time, Weiying Times was backed by Tengxun, rich and full of ammunition!

Yes, Maoyan has also received investment from Tencent, but Weiying Times is his biological son after all!

Weiying began to develop upstream and downstream of the industry chain in 2015. The upstream branch entered the distribution field, and the downstream branch entered the fields of derivatives, cinemas, and sports events. At the same time, it expanded its ticketing business and acquired Guevara.

However, its series of guaranteed issuances have been questioned by the industry.

For example, its 320 million guarantee for "Youth 2", 920 million guarantee for "Grave Robbers", and 1 billion guarantee for "Escape" failed three times after guaranteeing three times;

Its investments in the Hollywood films "Ghost in the Shell" and "Transformers 5" also ended in failure.

The external campaign failed and there was considerable turmoil internally.

Since this year, Weiying’s Vice President in charge of Vista business, Huang Fujian, and Vice President in charge of cinema and distribution business, Sun Lei, have resigned one after another. As for Guevara Life Network, which was acquired at the end of 2015, the Guevara senior management team headed by Liu Yong has already All resigned from Weiying Times.

Among the film subsidies currently offered by the three major ticketing platforms, Taopiaopiao offers the most ticket subsidies, followed by Maoyan, while Weiying offers the least.

Maoyan started out as a ticketing platform, but it has moved up to the top three in the short video field - Maoyan now mainly spends money on short videos. At this stage, except for the films it distributes and produces, there are very few self-funded subsidies.

Merging with Weiying Times will definitely be beneficial to its consolidation of the number one spot in the ticketing market!

In the end, Weiying Times valued its 100.00% stake in Weige Times at approximately RMB 2.974 billion and subscribed for the corresponding new registered capital of Maoyan Culture, accounting for approximately 17.6% of the shares...

Idea, this is just Maoyan culture, and does not include Maoyan short videos...

At present, in the short video track, Douyin, Kuaishou and then Maoyan, Tengxun Weishi short video are not players at all...

In fact, in the field of long videos, including Tengxun Video and Youku, they are no match for PPTV – PPTV has already established a mature community culture.

Bringing it back, theme parks cannot be opened just by buying them. Many places need to be renovated and new venues added...

This is quite an investment!

Shen Xudong's original words: It will take five to eight years to realize self-financing...

As for releasing the Netflix stock in hand, it is mainly to cope with the upcoming film and television winter period - only when you have money in hand can you not panic!

Xudong strategically invested US$300 million in Netflix in 10 years in exchange for 12% of the shares. In the following years, it absorbed some more from the market, accounting for about 15.6% of the shares. Through the mediation of an intermediary, Xudong finally acquired 10% of the shares. shares were sold to Morgan Stanley Bank in the United States in exchange for nearly US$7 billion...

How to get this money back to China took a lot of time!

Well, Netflix's stock has not been completely sold off. After all, this thing is a blue chip stock, and the two parties still have a cooperative relationship - many PPTV movies and TV series are purchased by Netflix before they can be released in Europe and the United States...

After taking care of the three things, Shen Xudong finally had time to rest!

…

"Uncle, these are just walnuts. For me, the only use of walnuts is to eat them!"

At the racecourse, Yu Qian brought his walnuts, gourds and bird cages for Shen Xudong to learn and admire...

Seeing the walnuts in Yu Qian's hand, Shen Xudong couldn't understand it, so he directly expressed his understanding.

“The important thing about walnuts is the plate!”

Shen Xudong started directly, then turned it around in his hand: "Is this a disk?"

Yu Qian shook his head: "Pan walnuts are divided into Wenpan and Wupan: if two walnuts don't meet, they won't make a sound, and they will make a sound called Wupan. If they are rubbed back and forth, they will collide and make a sound, called Wupan."

After a pause, he continued: "Walnuts are divided by appearance: lion head, chicken heart, young man's hat, official hat, tiger's head, lantern eagle's beak, double companion, etc... If you want to choose a good pair of walnuts, you can It’s said to be one in a million.”

"How to distinguish between good and bad?"

“Selecting walnuts is divided into four steps: touching, smelling, listening and seeing!

To touch, a pair of walnuts should be carefully placed in the hand, that is to say, the size and weight should be sufficient. The walnuts are light and weightless in the hand. Generally speaking, they are not ripe enough. When picked in hot weather, they are not full enough, have low density, and have problems with the cortex. ;

Smell to see if there is a natural smell of walnuts, which can be used to identify whether it has been processed or otherwise processed...

Listen and listen to the sound the walnuts make when they collide to identify the quality of the walnuts. Shake and listen to see if there is any sound and listen to see if the walnuts are plump and whether the bones and flesh are separated...

Look at the texture of a pair of walnuts to see if they are the same size. Then look at the eyes, which is the navel. It should be small and straight...Look at my pair. They are the same size and texture. How much do you think this pair cost? "

Shen Xudong thought for a while and then asked: "8000?"

"Why eight thousand?"

"I once saw the price of Wenwan walnuts and said that 81,000 yuan is considered a very good variety..."

"I bought 460,000 for this pair!"

"460,000 yuan to buy a pair of walnuts? Is it a brain supplement?" Shen Xudong couldn't hold back: "460,000 yuan is a brain supplement, and it really should be supplemented!"

"I can't help but someone likes me..."

Yu Qian didn't care about Shen Xudong's comments and took out the gourd: "Look..."

"Is this a gourd?"

"right!"

Shen Xudong took another look and asked, "Cao Li Jin?"

"You understand?"

"I don't understand, I just heard about it..."

Next, Uncle Yu made a popular science article about playing with gourds...

Shen Xudong only cares about the price: "How much is this thing worth?"

"The gourd is the most affordable among all the cultural toys. You can pick one for a few yuan or a few hundred yuan... This one is probably worth several thousand yuan..."

Hearing the price, Shen Xudong nodded and praised: "It's quite cute..."

"No, you are so rich, why do you still care about this?"

"Of course I care. The price is not expensive, which shows that the market potential is great. Only when there is a market can we make things rare and valuable...otherwise, what's the point of having a price but no market at most?"

"That's because you don't like it!"

"I like it. Your walnuts are red and translucent...so beautiful!"