Reinventing the Millennium.

Chapter 326 I Still Want Your Company's Life

Chapter 326 I Still Want Your Company's Life (Two in One)

Fang Zhuo received a call from Sony, and Senior Vice President Albert conveyed Stringer's meaning.

Sony Music wants Yike's equity.

If you can talk, then come to the headquarters for a second meeting.

If we can't talk about it, let's stop here.

The attitude is quite tough.

Fang Zhuo can understand the other party, no matter what the new music business model is, no matter what the future development trend of records is, he is strong now and has the initiative.

If it were me, I would also have to consider using equity bundles to complete the cooperation.

Because of the change in equity, Fang Zhuo held a conference call with shareholders out of courtesy, and the two IDGs, Capital Today, Shenxin Techchuang, and Xiangjiang Huanyu all participated.

After some elaboration, everyone has a clearer understanding of the current situation Yike is facing.

On the surface, Yike's M1 and P1 still have an advantage in the market due to their price and quality, but once the music copyright is closed by the opponent, everything will come to naught.

Enterprises equipped with the Internet can develop very quickly, and they can also collapse very quickly. Many times, their competition cycle cannot be calculated in years, but in quarters and months.

Today's Sony is a counterexample.

Shareholders had no objection and were fully aware of the seriousness of the matter, especially Wang Fengyi of Shenxin, who felt as if he was facing an overturning situation in a short period of time.

This, this change is too fast, right?

The all-round competition that Yike is currently facing is beyond the reach of domestic institutions, and the US IDG can't provide much help. What it can do is to liaise in the middle so that Yike's people have a chance to sit at the conference table.

It is impossible and impossible for American IDG to let copyright agencies and record companies harm their own interests to help an eastern company.

However, Fang Zhuo asked them to help find media resources, considering that if the matter fails, he can issue a price reduction discount to clear the warehouse and ship it. If it succeeds, he will announce the new features of iMusic before Apple.

After the shareholders' meeting was over, Fang Zhuo sat in the office and refilled his tea. Then, the phone rang, and everyone expressed their concern for the company after the meeting.

"Old Xiong, this is serious, but it is actually an opportunity. I have to see Sony Music's conditions before making a decision. It really doesn't work. We still have a domestic market."

"Mr. Xu, Sister Xin, how is it possible? How could I have expected this kind of change, and I can't catch someone cheating on me a second time. Then who am I? Don't worry, don't worry."

"Mr. Liang, hahaha, I'm not under a lot of pressure, but I'm afraid that you are under a lot of pressure. I will report the latest situation in time."

"Brother Wang, oh, the matter is very complicated, and you don't understand it even if I tell you, so go back and buy you a drink."

The situation was changing too fast, and the communication between the company and the shareholders was disconnected. Even Xiong Xiaoge was still immersed in the shock of the president of Sina, let alone other people.

After Fang Zhuo answered all the calls, he just finished drinking a cup of tea.

Then, he held another company meeting non-stop, without letting people from the United States attend, to discuss the matter of Sony Music.

It's a discussion, but it's more about wanting other people to supplement their own thinking. It's hard for a middle-level person like Qi He who has just been promoted not long ago to think about issues from a big perspective.

Even Yu Hong, a marketing director who has been in charge of the US market for some time, dare not express more opinions, for fear of misleading the boss.

But Yu Hong is good, she is also a shareholder and can bear the consequences together.

Regarding the forward-looking development of the industry and the key nodes of the company's competition, this is destined to be decided by Fang Zhuo.

"Sony Music is going to put our money into our stock."

"Stringer wants to prostitute for nothing."

"Hey."

Fang Zhuo couldn't help sighing melancholy after hearing everyone's obviously cautious discussion.

"It doesn't count, they provide the music copyright in their hands, and we save a lot of cash." Yu Hong glanced at the boss strangely, "Only this equity, equity is really important, it is easy to control A sharp weapon in the struggle for power."

After all... the president in front of him has already demonstrated this with his own operations.

The employees in the meeting room all thought of domestic affairs and sensed what the marketing director meant.

Fang Zhuo didn't pay attention to everyone's expressions, and said casually: "Sony Music got the equity this time, if there is a next round of financing, I will definitely find a way to follow up and even increase the investment in proportion."

"There is also American IDG in the company. I don't know what will happen after the next round."

"We're going to amend the articles of association."

When Fang Zhuo thought about it casually, there were a lot of operations involving equity, which were the aftermath of the Sina dispute. He also subconsciously immediately considered ways to ensure the company's control.

But the company's articles of association alone are not enough. Actions within the rules must be relative, and everyone will be bound.

"Mr. Fang, since Sony Music needs to convert the shares into calculation, then this 'discount' can be considered to be discounted by [-] percent." Deputy Director Qi He said.

This statement is correct.

Fang Zhuo has already decided to cooperate with Sony Music, and now he has to consider how to fight for his own greater interests. He nodded at Qi He, signaling to continue.

"Our market performance is dominant. Although there are some litigation issues now, it is not easy to buy copyrights, but Sony's copyrights will solve the biggest problem in the future."

"Our valuation cannot be viewed from the present, but from a new music model that is growing at an extremely fast rate."

Qi Heyue said faster: "Sony Music is declining, but we are growing rapidly. Besides, there is a Chinese market behind us."

"This copyright model is not suitable in China." Yu Hong reminded.

Fang Zhuo opened his mouth slowly: "It's not suitable now, what about the future? Even if it is really not suitable, what if Sony thinks it is suitable?"

What is needed now is not a domestic model suitable for copyright authorization, but a possible future direction.

Why did Sony Music take Yike’s shares?

Because it also agrees with Fang Zhuo's judgment, because it also tries to promote the progress and stability of the current digital music market.

Giants are confident.

The current domestic situation is not good enough. The giants must have the courage and confidence to tame the environment. If there is no attempt, how can there be progress?

Fang Zhuo's thinking was further opened, and he returned to the company's equity.

At this point in time, Sony Music is carrying out a bundled cooperation on equity, but if it is ambitious, it must also want to further strengthen its influence on Yike.

This process seems to have a high chance of being completed, because Sony Music has copyrights, singers, a steady stream of content production, and, it still has money.

When a hardware product evolves to an integrated combination of hardware and software, it will also be constrained by the software content.

Fang Zhuo felt that if he was sitting in Stringer's position, there would be many ways to gradually influence a downstream company in the industry chain.

but……

What if the coordinates of time are slightly elongated?
With the development of the Internet and digital music in the next ten years, the recording industry will inevitably decline step by step.

At present, digital music seems to be a useful supplement and good competition to the record, but it is actually a steadfast gravedigger, destined to make the record industry that has been brilliant for decades lose its luster.

Can this process be stopped by Sony Music?

Can a deep cultivator in the recording industry like it turn around?
Even if it wants to be gorgeous, can its parent company Sony, which has shown signs of decline, allow it to execute its strategy comfortably?
It's really hard to say which of these two men is dragging whom.

Fang Zhuo's thoughts on litigation, copyright, competition, and cooperation are suddenly linked with the industrial development in the next ten years, and his eyes become profound.

Human beings will always need music, but not always need records.

Sony and Sony Music are sure to take a hit in the not-too-distant years ahead.

Stringer, you want the equity of my company, and I want the life of your company.

"President Fang?" Yu Hong reminded the boss who was obviously distracted.

Fang Zhuo came back to his senses and showed a slight smile: "Well, what Qi He said just now is good. Regarding the market position of our Yike, it is necessary to let our opponents and potential collaborators know."

"The company's articles of association need to be amended, and the authority obtained by the board of directors from all shareholders must be strengthened."

"We will launch a relatively large-scale promotion in the United States and China to continue to seize users and prepare for iMusic."

"We have to properly evaluate our value and evaluate the value that Sony Music can bring."

"Since we want to cooperate, then don't limit ourselves to copyright, we must face up to the position of shareholders."

"Sony Music wants to use our money. The figure of this money should be reduced first before quoting. Apple is willing to spend [-] million US dollars to acquire Yike. The copyright licensing fee alone is not too much. Does Sony Music have to pay some cash? "

"Or, let Sony Music be converted into a long-term music copyright authorization, and this part of the measurement should also be paid attention to."

Fang Zhuo gave orders one by one.

In the end, he said: "I won't go to the second meeting. I will first express my willingness to cooperate with Albert on the phone, and Xiao Yu will lead the others to chat, leaving room for maneuver."

The people in the conference room responded one after another, and there is still a lot of work to do next.

After the meeting, Yu Hong didn't leave. She stayed and talked about her observations: "You seem to be more determined all of a sudden?"

"Is there? Aren't I always sure?" Fang Zhuo said with a smile.

Yu Hong raised her hand and pointed at the boss's face: "Yes, yes, it's this kind of smile, this kind of smile after clearing it up, I've seen it many times!"

"..." Fang Zhuo shook his head, "You can't be careless about the equity issue, but your contact with Sony Music should be neither humble nor overbearing. We are still the leader in the market."

"It must be, the big deal is not to do the market here, and not to work overtime or stay up late or work hard when you return home." Yu Hong understood the spirit.

Fang Zhuo praised: "Okay, Director Xiaoyu has such an enterprise-level understanding, so I can rest assured."

Yu Hong disagreed with Fang Zhuopin, and asked, "Is there anything else that needs to be paid attention to? You paid more attention to it this time than before."

"It's nothing else, just look at the situation before responding. The hardware market is the basic market, so pay more attention to Apple's competing product information." Fang Zhuo pondered, "This time it involves Sony Music's shareholding, so we have to pay attention."

He continued: "Sony Music is not like a venture capital investment. We must have a deeper cooperation in this online music model, so the peace between the companies is dangerous."

"Is it our danger or Sony Music's danger, Mr. President of Sina." Yu Hong joked.

"Hahaha, of course it's our danger." Fang Zhuo laughed several times.

What bad intentions can a small president of a small company have, but just to survive in the harsh competitive environment of the United States.

Yu Hong chatted a few more words about professional managers in the United States. She has similar feelings to Fang Zhuo now. From Luzhou to Shencheng, from Huaxia to the United States, she always feels that the company is short of people.

Nowadays, Yike's recruitment in the United States is basically middle-level, and the legal department is slightly higher-level, but the boss killed it when he came.

Yu Hong feels that she is more suitable for the market, and the company's management needs to be clearer.

At the end of September, Yike and Sony Music began to have formal and secret contacts, and the discussion about equity was different from the previous copyright authorization.

Fang Zhuo considers not to cooperate by selling out old shares, so that Sony Music can conduct a separate Pre-B round of financing with long-term authorization and part of the cash.

But this has to be communicated with institutional shareholders, because it will mean that the shares in their hands will be reduced, or additional funds will have to be added.

On the first day of October, Fang Zhuo sat in the office and looked through the materials, thinking about the cooperation between Yike and Sony Music.

Before he could read a few pages of the report, the door of the president's office was pushed open with a burst of noise, and Li Xinyue from the Anliang Club broke in.

"President Li, what's the matter?" Fang Zhuo waved at the employees who failed to stop him, and looked at the group of three people who appeared in his office.

Li Xinyue smiled angrily: "Mr. Fang, Mr. Fang, you said you wanted to have an interview with me, and you wanted to explain the issue of the fund to me, but since you came to New York, I have been shirked when I called several times."

She didn't sit down either, and said with gritted teeth, "Mr. Fang, you, the president of Sina, can't bully people like this?"

Fang Zhuo actually couldn't bear to deal with these people. He used the money from the Anliang Association, but it was definitely a way to get rich.

"Mr. Li, didn't I tell you? It will change when Sina's third quarter financial report comes out." He frowned, "What else do you want me to say?"

"When will it come out?" Li Xinyue is still in New York, and she still has some confidence. At worst, she won't go to mainland China in the future!
"Recently." Fang Zhuo said succinctly.

Li Xinyue became more and more dissatisfied with the perfunctory attitude of the young man in front of her. The money that An Liang would give was not a small amount!
She said half-warningly: "Boss Fang, I hope everything is fine. Sina is a listed company anyway, and I don't want to hear any bad news that affects the stock price. Our money needs to be settled in one year. Is there a problem?"

Fang Zhuo was furious, but his face remained calm: "No problem, the delivery will be made within one year."

Li Xinyue stared at Fang Zhuo, then turned to leave the office.

"Wait, Mr. Li, you're here. Let me lend you the Double Bonus Red Stick as an envoy." Fang Zhuo recalled a little, and made up a random reason, "Just Fan Xiong, come and help me to shock people."

"Yeah." Li Xinyue didn't think what was going on, and left Yike Company after responding in her nasal cavity.

This afternoon, Fang Zhuo met Fan Xiong, a copper pea who had also been to the mainland.

"Mr. Fang, tell me if you have something to say." Fan Xiong held unusual respect.

"Brother Fan, sit down." Fang Zhuo said a few words casually, and asked casually, "Oh yes, your chamber of commerce has invested money in my fund. Brother Fan, do you want to play? I'll bring you one."

Fan Xiong said honestly: "I don't understand this, and I'm easy to be tricked."

"That's right." Fang Zhuo said with a smile, "Sometimes the fund is really twisted and twisted. How about it, Brother Fan, you take 5 yuan, and I will show you the effect. Making money is definitely making money, you treat it as pocket money." All right."

5 yuan, can the dignified president cheat this little money?

Fan Xiong hesitated for a moment, and agreed. He couldn't lose much, and he couldn't make much money, so it was just for fun.

(End of this chapter)

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