The time soon came to July. Tang An had talked about Singularity with Liu Tianming and Xiong Xiaoge at the cocktail party. After they had an intention, they made an appointment to talk in detail two days later.
Wu Wen also achieved results and initially persuaded Carlyle and Zhixin Capital.
The four investment companies confirmed their intentions and after discussions, worked out a cooperation method.
Hantang Media invested US$150 million, SoftBank China invested US$50 million, Carlyle Group invested US$50 million, idg Capital invested US$50 million, Zhixin Capital invested nearly US$20 million, and Wu Wen and his team invested a total of 10 million
Dollar
Zhixin Capital is an investment company founded by Li Shujun, the former CFO of Shengda Network, and had a good relationship with Wu Wen before.
The company launched an acquisition from Shengda Literature for a total price of approximately US$330 million, targeting 100% of the equity of Singularity Chinese Network, 50% of the equity of Huawen Tianxia Publishing House, and 51% of the equity of Jinyi Literature.
Negotiations with Shengda lasted for nearly half a month. Since Chen Tianqiao's anxiety disorder has not improved, he must stay away from Shengda and has already made plans to switch careers to investment.
In the end, the price was negotiated at US$350 million, with SoftBank China and Carlyle Capital each adding an additional US$10 million.
In the large conference room of Shengda Network Magic City Headquarters, everyone signed the acquisition contract.
Hantang Literature Group, jointly established by Hantang Media, SoftBank China and others, owns 100% of Singularity, 50% of Huawen Tianxia Publishing House, and 51% of Jinjiang.
Hantang Media has also become the largest shareholder of Hantang Literature with 42.86% of the shares, which is equivalent to a subsidiary of Hantang Media.
It's not that Tang An doesn't want to hold a controlling stake, but at present the group only has 100 million in liquidity left. Most of this money will be used for the promotion of "The Secret of the Dragon" in October and cannot be touched under any circumstances.
Otherwise, the publicity will be unfavorable and the box office results will be affected, and the losses will be huge.
Moreover, 42.86% of the shares are not much different from Absolute Holdings. It will not be a problem to buy back the 7% shares in the future.
"Director Tang, it's a pleasure to work with you."
Chen Danian shook hands with Tang An and the others with a complicated expression.
Dangtang Shengda Network, once the largest Internet giant and an existence that all bats looked up to, is now slowly selling off its property, or selling it to a "small company."
"Mr. Chen, thank you very much. Can you tell me Director Chen's address? I will visit him in a while." Tang An said sincerely.
Chen Danian shook his head and said, "Thank you very much, Mr. Tang, for your kindness. It's just that the doctor said that my brother can't be disturbed by worldly things now and needs to rest. Let's wait until his health gets better."
"Then greet Director Chen for me and say thank you."
After the acquisition was completed, it was not announced immediately. We first went to Singularity to appease the company's executives and held a meeting to reassign the management.
Wu Wen serves as CEO of Han and Tang Literature.
Shang Song serves as president of Han and Tang Literature.
The other digital vice presidents responsible for original content, publishing, copyright marketing, legal affairs, finance, technology, wireless cooperation and other businesses are basically members of Wu Wen's team and the original founders of Singularity.
As for the other middle layers, they will remain unchanged for now.
After finishing all the trivial matters, Tang An invited the company's middle-level and above management to gather together.
"Mr. Wu, the company will be handed over to you from now on. I will not interfere with the specific operations. You are professionals in this aspect."
Tang An still said these words, coupled with the transfer of high-level officials, which also made Wu Wen and other high-level officials feel relieved.
They don't want to jump into another "Shengda" just after leaving Shengda.
Tang An had a drink with them and said, "I have only one request. The market share of Han and Tang literature should increase year by year. In the next two years, it must account for at least 50% of the market share."
"Don't worry, Mr. Tang. Currently, no company in online literature can pose a threat to us."
After regaining control of the company, Wu Wen's self-confidence has risen to a new level.
But there’s no problem with that. Singularity’s current market share is nearly 45%, and the total of more than a dozen domestic websites only accounts for 55%. None of them can compete.
"Wireless channels are the focus. In addition to the Singularity client that is already online, the new cloud reading app must also be launched as soon as possible. The discounts will be slightly larger. Users will be raised as soon as possible. Contact major mobile phone manufacturers for built-in software.
, it doesn’t matter if you make concessions to the major websites, the money you make less now will be earned back dozens of times in the future.”
"There are also peripheral copyrights. "Search for the Dragon" will be released during the National Day. All copyright marketing will be discussed after the National Day."
After settling the Singularity matter, Tang An returned to the capital overnight.
It was already July 24th, a month had passed since the film was finalized, and editing had just begun. He had to cut out the finished film as soon as possible and then do post-production.
Fortunately, the post-production process is not very complicated. All preliminary preparations have been made, and all CG materials and data have been calculated.
After a good sleep at night, I went to the company early the next morning.
Now the company has its own editing room and a small screening room, which is much more convenient.
Before continuing to edit, Tang An first read the entertainment news.
"The Secret Fan" will be officially released in North America and other overseas countries today Friday, but it seems to have a good reputation in the screenings in major cities in North America.
I don’t know if it was for Wendy Deng’s sake or if it was true. Anyway, in order to prevent the box office from being too ugly, Wendy Deng used secret operations to achieve a North American box office of US$1.34 million.
It’s not just China that has all kinds of fraud, Hollywood as a complete film industry system also has the same.
The domestic box office of "Snowflake and the Secret Fan" also went to my grandma's house, with the total box office being less than 40 million.
Among other movies, the Hollywood animated film "Animals" took in nearly 70 million at the box office.
The comedy film "Fortune Inn" produced by Bernard had a box office of 120 million. Wang Jing is still very good at making these comedy films, although he has a bad reputation.
There are basically no movies in June, and most Hollywood blockbusters are released in May, July and August.
"Kung Fu Panda 2", which was released at the end of May, surpassed all movies in the same period and won a box office of 650 million.
Uncle Depp's "Pirates of the Caribbean: On Stranger Tides" withstood the pressure of "Kung Fu Panda 2" and earned 590 million at the box office.
"Fast and Furious 5" achieved a new domestic box office record of 280 million for this series.
The total domestic box office of the Hollywood superhero movie "Thor" just exceeded 100 million.
Throughout May, it was bombarded by many Hollywood blockbusters, completely dominating that month-long period, and together they made more than 1.6 billion yuan in box office, sweeping all domestic films in the same period.
I couldn't even find a movie with a box office of over 10 million. The kung fu comedy "Choi Li Fu Fist", which brought together most of Stephen Chow's cast and also starred the popular star Wang Baoqiang, barely even exceeded 1 million at the box office.
It is worth mentioning that in April, a film "Choi Li Fu Fist" was also released, starring Hong Jinbao, Hong Tiansiu and his son, and it was also a huge hit.
It can be said that since the Spring Festival, domestic films have been firmly suppressed by imported blockbusters, unable to move at all.
And now that the summer season has begun, the only domestic blockbuster "Martial Arts" in July is not much better.
This martial arts movie directed by Chen Kexin and starring Donnie Yen, Takeshi Kaneshiro, and Tang Wei also did not meet expectations at the box office.
In the first week, it exceeded 100 million in 7 days, which was barely passable, but in the second week, it only reached 50 million.
Now six days into the third week, the box office is only 13 million, and there is no hope of breaking 200 million.
Moreover, "Transformers 3" will hit the mainland film market in a few days. It will be an even bigger storm that no movie can withstand.
Tang An sighed. In the past ten years, the summer season had never been dominated by Hollywood movies, but it was about to fall this year.
After spending about an hour browsing entertainment news, Tang An was ready to get up and go to the editing room.
But at this time there was a knock on the office door, and Xu Zheng came in with a document in his hand.
"Director Xu, what can I do?" Tang An smiled and asked him to sit down.
Xu Zheng came and sat down in front of him, and handed over the document in his hand, "Director Tang, I found a good script in the company's script library and want to make it into a movie."