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Chapter 923 Kill South Korea

"Can anyone tell me the brand of the drone used in the opening ceremony and where can I buy it?"

"Same request!"

“The drone is so handsome!”

"It's really unexpected that our serious meeting style has become more lively."

"Haha, that little car with pedals is really fun. What's that thing called?"

"Balance car!"

"It's available in Maiwo Mall. I took a look at the price and advise everyone to think twice!"

"I also took a look. The poor can't afford it, so they can only wait for the rich to make videos!"

Drones and self-balancing scooters are too niche now, and the prices have not been lowered. They basically cost 10,000+. In a few years, they will be better. There will be household-level products worth several thousand yuan, so that less wealthy netizens can also have fun.

These two big items were unaffordable, so the onlookers naturally focused on gadgets, such as the fashionable Meizu bracelet.

The bracelet appeared as a gift, and every guest had one, but the mall did not put it on the shelves.

"Isn't Meizu making mobile phones? Why do you start researching these things?"

“People have long said they want to build a smart home!”

"Obviously he is a sponsor of the conference. Maybe there will be an event later?"

“I want the bracelet!!!”

At night, Yao Yuan had just left the hospital and was sitting in the car heading to Gubei Water Town. He came back to visit whenever he had time. Frequent running around made him a little tired, but he couldn't help but smile when he saw the popularity on Weibo.

.

Sure enough, bracelets are hard currency.

The bracelet has two main functions: monitoring various sports data and monitoring sleep quality.

Why did it become popular in later generations? Yao Yuan thinks it is the rise of fitness culture and people's sense of anxiety.

Studying, falling in love, getting married, having children, raising children, working, buying a house, medical care, retirement, nuclear radiation, it seems that everything is full of anxiety.

Naturally, it also includes health anxiety, which has led to the popularity of products related to sports, fitness, and health care. For example, the function of monitoring sleep quality, whether it is accurate or not, this function is very popular among working people.

Of course, there is another group of people who really love fitness. They have time and energy, and they have to buy equipment.

"Boss, we're here!"

"Um!"

In the cool autumn night, Yao Yuan arrived at Gubei Water Town again.

The light show of the Simatai Great Wall has just begun. In the combination of real scenes and illusions, under the majestic and tragic music and colorful lights and shadows, it seems that that period of history has been recreated.

This is the Great Wall of Ming Dynasty.

In the Ming Dynasty, there were nine important towns. Miyun belonged to Ji Town, starting from Shanhaiguan in the east and ending at Juyongguan in the west. The Great Wall was used to resist nomadic peoples such as Tatars, Olays, and Jurchens.

"ha!"

Yao Yuan sat below, feeling the slightly cold autumn night, and yawned out of boredom - from preparation to now, he has watched this crappy program no less than 20 times.

"Whoosh!"

Finally, the show was finished, and the big stage in Riyue Island Square became lively again, and an opera performance began.

Yao Yuan lost his patience and dragged several foreigners into the hotel. Yu Jiajia also rushed over.

…………

In the first year since Hugelive was launched in North America, it has developed more than 2 million paid members. So far, this number has exceeded 16 million.

It has become the second largest streaming media platform in the United States. The first is Netflix, with over 50 million.

Netflix's focus is in South America and Europe, but Hugelive's focus is in Asia, and its results are very good. Nearly half of its 16 million members are from Asia.

Such a scale is enough to attract the attention of capital.

Goldman Sachs, Sequoia, Atlantic Investment Group, BlackRock, State Street, Fidelity, Temasek, etc. There are old shareholders and new shareholders who want to join. They are all the world's top capital.

“First of all, welcome to China!”

"The conference has its agenda, and we have our agenda. I know that you are not here for the conference, but at my personal invitation. I am very grateful!"

Yao Yuan sat in the middle and started with a smile.

"Hugelive was founded three years ago and is almost done. At this moment, we need more experienced friends to help us complete the listing on Nasdaq next year..."

"Whoosh!"

There was a burst of reserved applause, and the three newly joined shareholder representatives stood up to pay their respects.

"Hugelive has 9 million paying members in North America and 7.5 million members in Asia. In the future, we will continue to focus on these two places as our strategic focus to further penetrate into the Asian market.

The ones with the greatest potential are naturally South Korea and Japan.

Taking South Korea as an example, let’s do a brief analysis..."

Yu Jiajia did not speak, but Yao Yuan stepped forward and said: "Starting from the late 1980s, Hollywood has been conquering the global market. At that time, South Korea implemented a quota system for Hollywood films. After negotiations between the two countries, South Korea abolished the restrictions and realized the film

Import liberalization.

But movies are not only imported. The Korean government has issued regulations: each cinema will screen domestic movies at least 146 days a year, and at least 40% of TV station movie channels will screen domestic movies every year. Foreign companies have no right to import video tapes and can only be designated by the Korean government.

Several large companies import.

In this way, they have secured the three major channels of cinemas, television stations, and audio-visual products.

Therefore, even though Hollywood is gaining momentum, Korean movies have still risen and created a very mature industrial chain, including the TV drama industry.

Up to now, Korean movies account for about 60% of the total box office every year, surpassing Hollywood.

This is their victory!

but……"

Yao Yuan smiled and said: "The times have changed, and streaming media is coming! Streaming media does not need to pay attention to the three traditional channels. What we have established is a new rule.

South Korea will be a core part of Hugelive's strategy. Winning South Korea is half the battle.

Why do you say that?

Korean film and television seems to be fierce, but it has actually reached its ceiling. They have a small population, and the limit of the size of the film market is just over 1 trillion won, which is approximately US$900 million.

900 million US dollars is the global box office of one Marvel movie.

The ceiling is low and exports are weak, which has resulted in the cost of filming Korean films being locked up, at approximately US$10 million per film.

But we don’t care, what we want is to occupy the market, and we can use the money-burning model to plunder their best resources, make them industrially dependent, and eventually provide OEM services for us!”

"OEM?"

"You mean film and television contract manufacturing?"

"That's an interesting statement!"

Shareholders chimed in and expressed great interest.

"Under the traditional model, they can participate in all aspects of shooting, distribution, and screening, but streaming media does not need to. We want them to become suppliers, only responsible for shooting, and have nothing to do with the follow-up!

We buy out the work and pay once, and all subsequent profits have nothing to do with it!

South Korea has a mature film and television industry, and can make any kind of film at a low cost, and we need a huge amount of content, so they are the best target for plunder."

Yao Yuan also became excited and continued: "There is also Hong Kong!

Hong Kong has the foundation of CULT movies, and its action and speed racing are second to none in the world, and it can also be well integrated with Asian culture. We have already won Hong Kong, and then South Korea, the two major OEMs, to occupy the Asian market!"

(besides……)


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