Chapter 136 [Spent 3 billion and once again caused a sensation in the film and television industry]
The company's equity design does not follow the route of AB shares or limited partnership structure. At the same time, there is no offshore registration. The company's registration place is in Xincheng.
This is also in line with the wishes of Qunxing Capital. In this way, Xingyu Technology will definitely not go overseas to list in the United States in the future, but will log on to the A-share market. Normal listing applications are time-consuming, so it will take the route of backdoor listing.
Qin Feng is very straightforward and decisive, but he does not have no sense of control.
With such an equity design, it is easy for founders to lose control of the company. After several rounds of financing, the equity in their hands will be diluted enough to lose control.
Qin Feng's solution is that in addition to Qunxing Capital, if Xingyu Technology wants to introduce other investment institutions for financing in the future, it must sign a "person acting in concert" agreement with the other party.
Stars Capital has a veto power and cannot sign it. If it signs, it means that the veto power is gone or given to Qin Feng. Naturally, it is impossible to sign such an agreement.
In addition to signing "persons acting in concert" agreements with other investors, Qin Feng will also sign "persons acting in concert" agreements with employees who have reserved option pools.
Among the shareholders of Xingyu Technology, except for the shareholder Qunxing Capital, all other shareholders must act in unison with Qin Feng. If he votes against, the others will act in unison and vote against. The same applies to voting in favor.
In this way, there is only one situation where Qin Feng will lose control of the company, and that is if the equity ratio of Xingxing Capital, a company called Xingyu Technology, exceeds an absolute majority of 67%, because resolutions on major matters must exceed a two-thirds majority.
Agree to pass.
In other words, as long as the equity ratio held by Qin Feng and his concerted persons is not less than 34%, it is equivalent to a veto power, although it is impossible to achieve 100% approval of a major resolution at this time.
, but it can ensure that a resolution on a major matter will not be passed 100%, thus ensuring that control of the company is not lost.
The worst-case scenario is a stalemate between the two parties, because Star Capital also has the ability to veto, and it can also prevent a resolution on a major matter from being passed 100%.
To put it more down-to-earth, if you don’t want me to accomplish what I want to accomplish, I can make it impossible for you to accomplish what you want to accomplish.
Aren't they just hurting each other?
In this way, it is equivalent to reaching a certain sense of balance between the founders and the capital. Even if there is a conflict, they can sit down and talk calmly. If it continues to be so stalemate and the company goes bankrupt, it will not benefit anyone.
benefit.
This kind of "mutual deterrence" can effectively prevent each other from easily touching and testing each other's bottom line.
The only path is win-win cooperation.
In fact, Fang Hong is very happy that Qin Feng has a sense of control. If he doesn't have a sense of control, it will be a negative point for Fang Hong, because if he can't even find such a big fatal loophole, you can still expect him to take charge.
How far can the company take the company?
As long as Qin Feng leaves a loophole in his control, Fang Hong will not hesitate to take away control of Xingyu Technology at the right time, and then remove Qin Feng from the position of leader, because he can't even
If the problem cannot be solved, it means that his ability is still lacking, so of course he needs to be replaced.
Fang Hong is a rational person. If Qin Feng is in this situation, he will definitely do this, otherwise he is not a rational person.
Fang Hong will also be very happy if he cannot seize control of Xingyu Technology, which means that the founder is fine. There is no need to remove him and replace him with someone else. Then the interests of Star Capital in Xingyu Technology will be fully protected. After all, there is a
The veto power serves as a guarantee.
Fang Hong is not afraid that the founder is strong, nor is he afraid that the founder is capable. He is afraid that the founder is not strong enough or has insufficient capabilities, because no matter how strong or capable you are, Fang Hong can still be confident in handling even the worst situation.
The interests of Star Capital cannot be cheated.
With the initialing of the agreement completed, Qin Feng left the Stars Capital headquarters with satisfaction.
The next thing to do is to register Xingyu Technology and invite those gray hat friends who develop operating systems together to join Xingyu Technology and work together. Everyone has their own network and circle. This is Qin Feng’s network.
circle.
If his gray hat friends are willing to join Xingyu Technology, they must be a start-up team with excellent technology development capabilities. Fang Hong is very optimistic about this team and the future of Xingyu Technology.
…
Not long after Qin Feng left, Hua Yu's assistant came to his office. Putting aside the matters of Xingyu Technology, this was just one of the projects of Qunxing Capital.
As the assistant entered the office, Hua Yu immediately ordered: "The plan to purchase the online broadcast rights of more than 80,000 movies and TV series for 3 billion will be announced to the outside world, and it will be released today."
The assistant nodded: "Understood."
About half an hour later, Qunxing Capital issued a major announcement, officially announcing the company's "100,000 Film Library Copyright Strategic Plan" and announcing in the announcement that it would spend another 3 billion yuan to purchase the exclusive online broadcast rights of more than 80,000 film and television dramas.
.
Good guy!
Once this announcement was released, it not only caused a sensation in the capital market, but also became nuclear-bomb-level news in the film and television industry, causing everyone in the film and television industry to stare dumbfounded.
You must know that the total market size of the industry last year was only about 1 billion. The investment of 700 million by Qunxing Capital has shocked the film and television industry. Unexpectedly, the big one is still to come.
When this 3 billion copyright purchase plan came out, the jaws of people in the industry were shocked.
That night, the news of Star Capital's plan was reported by the media, especially those related to the entertainment industry, and it directly made the front page headlines.
…
Enlight Entertainment is the largest private media and entertainment group in China.
The company was founded ten years ago and currently has more than eight hours of programs. In addition to the famous "Entertainment Live", "Music Chart", "Best Live", "Film and Television Chart", etc., new programs include
"Today's Entertainment Network", "Golden Song Moment", "I Love Watching Movies", "Reading is Better", "Entertainment Talk", "All-round Variety Show Class" and other nearly ten new columns.
This chapter is not over yet, please click on the next page to continue reading! Its programs are broadcast on 60 TV channels across the country, covering all regions across the country.
It invests in and releases more than ten mainstream commercial films every year, including "Witness", "Family Happiness", "Ashes of Time", etc.; it invests in nearly 0 TV series, including "Heavy Rain", "Behind the House",
"Plan A" etc.
It hosts and hosts more than ten famous entertainment award ceremonies and hundreds of ground entertainment activities every year, and hosts the Film Huabiao Awards, Golden Rooster Awards, Hundred Flowers Awards, Directors Guild Awards, and blockbuster premieres "House of Flying Daggers" and "Assembly"
, "Red Cliff" etc.
It has an entertainment video database of 60,000 hours and also operates a video entertainment website.
However, this website is mediocre and cannot be compared with the current online video websites such as Youku, Tudou, Aiqiyi, and Kuaibo. Netizens do not even know that such a video website exists.
"Stars Capital is really unpredictable. Until now, I haven't figured out their purpose of spending such a huge amount of money to purchase online video copyrights, just to hoard copyrights?" The boss of Enlight Entertainment was talking to the No. 2 person in the office.
.
This issue is not only being pondered by him, but also by other film and television companies and capital markets. Moreover, Qunxing Capital has risen so fast that it seems to the outside world that it has suddenly appeared. However, the financial strength is extremely strong, especially
He made a sensation after making tens of billions of profits in overseas capital markets.
Moreover, these large group companies now also know the situation of Qunxing Capital, and they all believe that behind it is Huayang Group, which is also a powerful giant group.
Nowadays, everyone thinks that the person behind Qunxing Capital is Huayang Group. As for Fang Hong, they actually know it, but they all ignore him as a scapegoat, and everyone is in the dark.
"No matter what, one thing is certain: Star Capital is not short of money and is eager to purchase copyrights."
"That's right." Upon hearing this, the boss of Guangguang couldn't help but nodded in approval. After thinking for a moment, he looked at the other person and said, "In that case, I have a temporary idea. Let's say hello to several other major companies and raise a few together.
To raise the price, since Stars Capital is in a hurry and has no shortage of money, why not buy more?"
The boss of Enlight smiled after saying this. There are many content producers, including thousands of film and television companies, but the only real high-quality content, that is, those well-known film and television dramas, and most of them are controlled by a few major companies.
in hand.
These high-quality film and television dramas are the most valuable content. The value of other bad films is at best to fill up and enrich the film library.
Obviously, Fang Hong's previous judgment is coming true. He feels that Stars Capital is a fat sheep that has been sent to his door, and he wants to take a handful of it.
