Reboot the heyday

Chapter 3247 False Prosperity

Absolutely.

Wang Taika was shocked when he saw XB Entertainment's financial statements today, because he found that although everything seemed to be going well, in fact it didn't make much money at all.

When Wang Taika was in power, XB Entertainment was completely losing money and relied entirely on funds from Hanjiang Holdings, CJ Group and other companies to operate. Of course, this also includes Wang Taika’s corruption. But even if they are not playful, XB Entertainment is still losing money.

After Duck King took over, through a series of measures, XB Entertainment finally turned a profit. But even so, the money earned is not too much for a company of this size.

Wang Taika was just about to make a series of taunts to the Duck King, but the Duck King immediately brought the revenue statements of the top Korean brokerage companies and handed them to Wang Taika.

This sight really shocked Wang Taika. The three major companies, plus XB Entertainment, are currently the four major companies in South Korea. The total revenue of these four companies in this quarter is only 500 billion won, which is about more than 2 billion soft sister coins.

More than 2 billion seems like a lot, but this is the total revenue of SM, JYP, YG, and XB Entertainment.

Compared to the influence of Hallyu, the money earned is almost like begging.

Wang Taika thought of something and quickly asked Duck King to find out the financial situation of his domestic company. Then he was even more shocked to find that the profits of domestic companies through singing stages, albums, peripherals, event revenue, etc. had already exceeded this amount. .

In other words, Wang Taika's domestic company has been more profitable than XB Entertainment a long time ago.

The most outrageous thing is that the game project that was previously promoted to Saudi Arabia has also received a good response. The revenue of even one game can exceed that of a Korean entertainment company.

"Is it so profitable to make games?" Wang Taika was stunned.

It is difficult for laymen to understand this if they don’t understand it. The first is that they don’t understand how profitable games are, and the second is that they don’t understand how unprofitable Korean entertainment is.

Korean entertainment was actually a pure false prosperity and economic bubble many years ago.

The Duck King said: "This is nothing. The game companies in China, not to mention the big ones, are relatively ordinary companies. If they release a hit game, the revenue from just drawing a card can exceed the revenue in a week." 100 million in revenue. If you compare it directly with popular games, it would be insulting.”

Wang Taika knew there was a gap before, but he never looked at financial matters because he didn't understand them well. But I didn't expect the revenue gap to be so big, it's simply outrageous.

"No wonder."

Until today, Wang Taika finally understood the reason for the contempt and contempt that Li Fuzhen, Li Zaiyeol, and even some others showed to him occasionally.

I really don’t blame them. It turns out that the pond of Korean entertainment is really too small, but I don’t know it, and I still think it is prosperous!

The clown was me.

The Duck King said: "Kpop is inherently false prosperity. I thought you knew it! I think you are deceived by beauty. Why do domestic TV stations like to find Korean artists? I really think they like them, but in fact it is just because of these artists. It’s cheap. These guys are the best at building momentum. They spend money on marketing to make you feel how influential they are. In fact, Korean entertainment is a niche circle from the beginning to the end.”

There are many outstanding small companies in Jiangsu, Zhejiang and Shanghai. Each company has about 100 people and can earn more than one billion a year. It may seem small, but how many people does this company have? How many people does an entertainment company need?

Wang Taika had never thought about these things, so today he suddenly discovered that there was a strange feeling of separation. These idols instantly transformed from celebrities to a group of non-mainstream teenagers and girls from the countryside, and they even fell in love with each other from time to time.

Wang Taika recalled those looks that didn't understand him, and now he finally understood. With Wang Taika's current net worth, he circles around idols every day, which is indeed very low in the eyes of outsiders.

"Wait a minute, let me look at the revenue." Wang Taika felt a little confused, and then discovered that there was a strong value-added, coming from the newly established department, which was the department that Deng Niuzi was previously in charge of.

Deng Niuzi is responsible for two parts, one is to cooperate with Netflix to enter the Korean market, and the other is the direction he decided on his own to promote domestic cool videos abroad. Among them, this segment has the fastest revenue growth.

Customize content according to different regions. For example, Europe and the United States like the boss and Cinderella types the most, while Japan likes to hide their identities and pretend to be pigs to eat tigers. For example, the eldest daughter of a wealthy family goes to work in her family's company to reorganize her workplace.

With this alone, Deng Niuzi was able to increase the revenue of the company he controlled at an explosive rate in almost the shortest possible time.

Wang Taika was about to praise Deng Niuzi, but the Duck King suddenly stopped talking.

"How come?" Wang Taika had an ominous premonition.

The Duck King said: "You haven't dealt with Deng Niuzi for a long time, and he has started to get sick. Didn't you arrange for the guy who thought he was a eunuch to monitor him, and you found some clues."

Wang Taika was immediately unhappy when he saw the report handed over by the Duck King.

In fact, Deng Niuzi is a real talent!

Whether it's personnel or finance, or talent in company management, you can even defeat the King of Ducks. But Wang Taika didn't dare to give him greater authority because this man had a special neurosis.

Type B Freudian syndrome. People with this symptom will have very high IQ, but relatively low emotional intelligence, and even lack of awe.

Among the group of lunatics under Wang Taika, most of them completely obeyed Wang Taika's orders. For example, Zhou Dachui almost regarded Wang Taika's instructions as his life goals.

But there are also some people who, because of their own circumstances, are not very obedient to Wang Taika's orders. Deng Niuzi was like this, he always lacked some respect for Wang Taika.

Wang Taika can only use constant suppression to control such people. On the one hand, it is the stigmatized name. His surname is indeed Deng, but not Deng Niuzi. Wang Taika called him this just to humiliate and dwarf him, which was a relief from mental control.

In addition, Wang Taika would randomly find a mistake and beat Deng Niuzi every once in a while. It was a beating in the true sense of the word. Just like training a dog, establish your authority.

To put it simply, you are born with a rebellious streak! So you have to hit it often!

But now Wang Taika has a lot of things to do every day, and he has long been distracted and exhausted. So he arranged for his more loyal dog to monitor Deng Niuzi, the guy with severe hysteria who imagined himself as the eunuch in charge, nicknamed Factory Gong.

The current news is that the factory owner is leaking information. Because he had not been suppressed by Wang Taika for a long time, Deng Niuzi became restless.

This guy seems to want to steal Wang Taika's company.