Chapter 1131 The Prey of Universal Music Group
Wang Zhang answered truthfully: "Chairman, with the help of the resources of the entire group, Universal Music has now developed into a large-scale music group covering the entire industry chain. It already has 15 branches and has a considerable influence in many Asian countries. force."
"Last year, the company's total revenue reached 393 million Hong Kong dollars, and its net profit reached more than 150 million Hong Kong dollars."
"In the past five months of this year, the company has achieved a revenue of 236 million Hong Kong dollars, a year-on-year increase of more than 35%, and still maintains a relatively high growth..."
"In Hong Kong, our company's share of the record market has reached 47%, 11 points higher than the second-place Polygram company, ranking first..."
Wang Zhang explained the situation of Universal Music Group in great detail. He could tell every data of the company like a treasure. It can be seen that he really knows the situation of the company very well, which makes Xia Yu very satisfied.
Of course, from the market share data, Xia Yu also knows the current pattern of the Hong Kong record industry, and he can only say that PolyGram is worthy of the previous hegemony. In the face of him, Universal Music, which developed with the help of consortium resources, although it is in the Mandarin record market It has been surpassed, but it can still have the strength to confront it head-on.
In fact, according to the current revenue of Universal Music Group, when the stock market is better, the market value can at least reach one billion Hong Kong dollars. fifty.
Such a leading company in the recording field is still only a subsidiary of Universal Television.
It didn't matter when we were weak before. Now, for the better development of Universal Music Group, it should be proposed separately. At least it must be on the same level as Universal Television and Galaxy Films.
First of all, he made a summary: "I also understand the situation. You have all managed the companies you are running well, and I am very satisfied."
"But Universal Music Group has been restricted, so starting from today, Universal Music Group will become independent from the TV station and become a first-level subsidiary of Jiuding Culture Media Group, at the same level as Universal TV."
"Xizhao, are you okay with it?"
Although Huang Xizhao was disappointed, he didn't dare to show it at all, and shook his head abruptly and said, "Chairman, I have no opinion. I didn't get involved in the operation of Universal Music Group before. With the size of Universal Music Group, I will continue to put it in the It is really inconvenient for Universal Television to develop."
"Well, you can think about it."
Xia Yu said with a smile.
This is also the purpose of calling Huang Xizhao here today. Tell him face to face, at least it won't hurt his motivation too much, and it won't make him think about it.
Then, Xia Yu looked at Wang Zhang, who was trying his best to suppress his excitement, and said with a smile: "Wang Zhang, your level has been raised one level, and you have become a director of Jiuding Culture Media Group. Your burden will be much heavier."
Wang Zhang immediately got up, bowed heavily to Xia Yu, and said gratefully, "Thank you for the promotion, Chairman, I will definitely continue to work hard to run the company well."
Xia Yu raised his hand and said softly, "Well, okay, sit down and talk, there is something else to tell you."
Wang Zhang sat down again, sitting upright, respectfully waiting for Xia Yu's next instructions.
Xia Yu looked directly into Wang Zhang's eyes, and said in a slightly serious tone: "In the next two months, the company will make a big move in the record market. At that time, it will target some large record companies in Europe and America."
"After these record companies are acquired, they will be merged into Universal Music Group, which will definitely have a certain impact on the company."
"At that time, whether the acquired record companies are nominally owned by Universal Music Group, or whether they can integrate resources in all aspects, it will depend on your ability."
"So in these two months, you have to prepare in advance, so as not to be caught off guard and make mistakes and affect the strategic plans of other companies, understand?"
Wang Zhang couldn't bear to be shocked, he looked solemn,
He nodded heavily and said, "Chairman, I will definitely do my best!"
"Well, I'll wait for your performance."
Xia Yu said softly.
"That's all, do you have anything else to tell me?"
Huang Xi and Wang Zhang looked at each other and shook their heads.
"Okay, then you can go back first."
"Wang Zhang, especially you, if you find any difficulties, tell Huo Jianning as soon as possible."
"Okay, Chairman!"
"Well, let's go!"
After that, Huang Xizhao and Wang Zhang left, and Xia Yu vaguely heard Huang Xizhao's congratulations to Wang Zhang.
...
The next afternoon.
Yan Wenhan brought over the information about the global record market that had been sorted out. After chatting with him for ten minutes, Xia Yu asked him to put down the information and go to work first.
That afternoon, Xia Yu didn't go anywhere, and stayed in the office to check and sort out the situation of the global record market.
It wasn't until he was about to get off work that Xia Yu finally understood the situation.
Polygram International Co., Ltd. is indeed the leader of the world's record industry, but this does not mean that it has no competitors. For example, Warner Records, the second largest record company in the global record market, is weaker than Polygram International Co., Ltd.
Of course, in addition to this, there are also many record giants, but they are not as global as PolyGram International, but more in various countries or continents.
For example, in the United Kingdom, there is the giant EMI Records, and it can also compete with Polygram International Limited in the United Kingdom.
EMI Records was established in 1897. Its predecessor was British Gramophone Company and British Columbia Film Company. In 1931, the two record companies merged into EMI Records.
After that, EMI conducted a series of mergers and acquisitions to develop its business to other countries. For example, in 1955, it acquired Capitol Records, one of the top ten record companies in the United States, and later acquired Apple, arlophone, Liberty, BlueNote and many other record labels.
I still remember in my previous life, EMI continued to acquire and merge, and once jumped to become one of the top five record companies in the world, but the copyright department was eaten by Sony Music Group, which boosted Sony Music Group’s copyright library to exceed 2 million songs, ranking No. 1 in the world. One; and the record department was sold to Universal Music by the French Vivendi Group.
In the United States, there are more large record companies, and the media with good news also lists the top ten record companies in the United States, such as Warner Bros. Records, Columbia Records, Capitol Records, RCA Records (American Broadcasting Corporation Records), Atlantic Records Company, Epic Records, Roadrunner Records, The Records, A& Records, and Mercury Records, to name a few.
It's just that among the top ten record companies in the United States, one and only one is an independent record company, and that is A& Records.
Among the remaining nine record companies, Warner Bros. Records, Atlantic Records, Roadrunner Records, Records, and these four are a group, all belonging to the brands of Warner Records.
RCA Records belongs to the American Broadcasting Company (ABC), one of the three major television networks.
Columbia Records belongs to Columbia Broadcasting Corporation (CBS), one of the three major television networks.
Mercury Records is owned by Polygram International Limited.
The last Capitol Records belonged to EMI.
...
In Xia Yu's record empire building plan, two fulcrums were set, one of which was the United States, so as to radiate South and North America.
Another fulcrum is the United Kingdom, which radiates Europe, Africa and Oceania.
Finally, he identified the acquisition target.
In the UK, acquired EMI Records, Virgin Records and Isle Records.
Although Virgin Records was established in 1973, the Rolling Stones and Phil Collins, who are now popular in the UK, belong to Virgin Records.
I remember in the early 1990s EMI paid a billion dollars to buy Virgin Records.
As for the island record company, it was founded in Jamaica. Although its business is mainly in the United Kingdom, it also has a lot of influence in Africa. The current representative is the U2 rock band.
In the UK, as long as these three companies are acquired, it is enough to temporarily fight against Polygram International Co., Ltd. in Europe. In the United States, there is also Capitol Records, one of the top ten record companies in the United States, not to mention that Xia Yu will find a way. Invested in PolyGram International Co., Ltd.
Then there is the US side.
Among the top ten record companies in the United States, Xia Yu is going to ask Peter Lynch to buy A& Company, Epic Records and RCA Records.
A& Company is an independent record company. It was acquired by Universal Music Company in later generations. Now it is just right to be acquired by Xia Yu's Universal Music Group.
Epic Records is backed by a major Wall Street bank, and later this company is also one of the three major facades of Sony Music Group. Now this record company has a treasure, and that is Michael Jackson, and Michael Jackson is just making the sixth record. The album "Thriller" will be released at the end of this year.
Yes, "Thriller" is the album that set the Guinness World Record and sold 65 million copies worldwide, so Epic Records is about to reach its peak, and if it can acquire it now, it will definitely be a huge gold mine.
As for RCA Records, although it is affiliated with the American Broadcasting Corporation, the acquisition was very successful, because the parent company of the American Broadcasting Corporation happened to be General Electric Company.
Xia Yu's Polaris Capital now holds a 14.6 percent stake in GE and is one of the major shareholders of GE.
With this relationship in place, it will be very difficult to acquire a subsidiary of a subsidiary of General Electric Company.
As long as this plan can be realized, Xia Yu's Universal Music Group will own four of the top ten record companies in the United States, equal to Warner Records, and become one of the bipolars in the American record industry. Polygram International Ltd. in the United States Nor is it a rival to Universal Music Group.
As for Columbia Records, in which Sony owns half of the shares, it is even more difficult to compare with Universal Music Group.
By that time, the global record market will be transformed from a two-horsepower rivalry between PolyGram International and Warner Records into a three-legged situation.
And the strength and influence of Universal Music Group will be the strongest among the three!
PS: The relationship between the record industry is intricate and complicated. It took more than two hours to check the information, and it would be 12 o'clock if you didn't pay attention, which made everyone wait for a long time.
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