Entertainment, I only like to make movies

Chapter 290 Restart the UC acquisition plan!

Hengyu Media Group.

The office area of ​​the strategic investment department.

Director Liu Minghui strode in from the outside. While pushing away the people in the office, he said to the assistant who was buried in the mobile phone in the office area on the right: "Xiao Chen, find out the UC browser information, I will use it right away."

"Okay, Director!"

Xiao Chen dropped the phone, got up and opened the file cabinet behind him, and quickly found a thick file.

On the front page of the document, there are several big words "On the Feasibility Report on the Acquisition of UC Browser".

Liu Minghui took the documents, flipped through them casually, and dialed Andy's office on the 20th floor with his landline.

"Boss An, I have the document here, do you need it now?"

"Okay, I'll come up now."

Hearing Andy's order, Liu Minghui's eyes flashed, he hung up the phone, picked up the documents and hurried upstairs.

The company's "Master of Hypnotism", which is currently being screened, was blocked by Ali Pictures. It is said that Fang Dong lost his temper and decided to return the favor to Ali.

Liu Minghui originally thought that Hengyu's goal of retaliation would be in the follow-up film projects controlled by Alibaba Pictures.

Their strategic investment department can't get any tasks in this counterattack.

He didn't expect that Mr. An would choose to start from the investment department and restart the long-suspended UC investment project.

UC Browser, Hengyu Media and Alibaba once took a fancy to this platform software.

At that time, Ali was powerful, but Hengyu Media was not famous enough.

He Xiaopeng, the founder of UC, chose Alibaba's capital injection in the first round of financing for the launch of UC's mobile phone software.

Hengyu had no choice but to give up investing in UC and made a win-win plan to acquire Sogou Browser, a subsidiary of Sohu.

Just as Zhang Chaoyang didn’t want to cooperate with Ali, Hengyu and Sohu hit it off, and successfully won 5% of Sogou’s shares with 40% of Hengyu Games’ shares and a high premium.

At the same time, Sohu repurchased 10% of Sogou shares in Ali, still occupying the absolute majority shareholder status.

Two days ago, UC launched the second round of financing, and many investment banks in the industry are just around the corner.

Among them, Alibaba is the most arrogant, wanting to win the position of major shareholder of UC,
To be honest, Liu Minghui is not optimistic about Hengyu's acquisition plan to restart UC browser.

Hengyu's main business is the film and television industry, and it is still a little too late to go head-to-head with Alibaba on the Internet.

But Andy is the official president, she made up her mind, and the strategic investment department can only keep up.

咚咚
Liu Minghui took the proposal and knocked on the door of Andy's office.

"Mr. An, Mr. Lin, Mr. Mo."

As soon as he entered the door, he saw Hengyu's three carriages. Andy, Concubine Lin, and Mo Xiangwan were all there.

Concubine Lin and Mo Xiangwan were sitting on the reception sofa. On the coffee table in front of them was a top-end laptop computer, and a camera was erected beside it.

The two nodded towards Liu Minghui, and Concubine Lin pointed to the seat next to her, and said, "Come on, sit down first, Lao Fang will hold a video conference later."

Liu Minghui smiled, handed the document to Andy behind the desk, and sat down on the sofa.

Fang Dong held a video conference?

In other words, the plan to restart UC Browser this time is Fang Dong's proposal!
Liu Minghui's heart moved, and he was inexplicably more confident in this acquisition plan.

Andy took the file and browsed it carefully.

Then, she waved to Mo Xiangwan, indicating that he should connect to Fang Ziheng.

After a few minutes.

The video was connected, and Fang Ziheng's figure appeared on the computer.

He was in a hotel in Dunhuang, just took a shower, and appeared in a bathrobe.

Concubine Lin glanced at Fang Ziheng, nodded to Andy, and asked her to preside over the meeting.

With a cold expression, Andy came to sit next to Mo Xiangwan with the documents, and said in a concentrated voice: "Everyone, the meeting starts now.

Director Liu, please tell us about the current valuation and size of UC. "

"Okay, leaders."

Liu Minghui coughed lightly and made a sound slowly.

"In the middle of last year, UC Browser proposed a valuation of US$10 billion, which was higher than Baidu's expectation of US$8.16 million, and the two sides did not agree.

Industry insiders analyzed that with the increasing data subsidies of operators and the expansion of WiFi deployment, UC Browser's unique advantages such as traffic saving and fast speed have been reduced, which has affected the valuation of UC Browser! "

But starting this year, because of 360 bidding, the valuation of UC Browser has been further improved.

Last week, Youshi Technology (UC Browser) announced that the second round of financing was valued at US$12 billion, which is equivalent to one-third of Qihoo in terms of market value, and each of UC’s 4 million users is worth US$3 ! "

"From the known information, Ali, Baidu, Tengxun, Goldman Sachs, and Redshirt have all proposed a holding agreement plan to UC, and fully agree with the valuation of $12 billion."

After finishing speaking, Liu Minghui paused and put forward his own opinion.

"Director Fang, the three leaders, according to the analysis of our strategic investment department, if the company wants to steal from several major investment banks, it must give a higher valuation!"

Higher Valuation!
As soon as these words came out, Concubine Lin and Mo Xiangwan showed surprise, and hesitated to speak.

UC is currently valued at US$12 billion, which is equivalent to 85 billion soft sister coins.

Hengyu wants to achieve the goal of repaying Ali, at least it has to take 15% of the shares, that is, it has to invest at least 12 billion soft sister coins.

Of course, the more you invest, the more you will earn in the future. In recent years, the valuation of high-quality Internet projects has risen almost every month.

UC Browser can be valued by many large investment banks, so it is naturally a top-level high-quality project, and it does not worry about making money.

But even in excellent projects, investing large sums of money needs to be prudent and prudent.

Concubine Lin wanted to raise a different opinion, but felt that it would be too embarrassing to raise it at this time.

On the opposite side of the computer, Fang Ziheng thought for a while and asked, "Andy, how much cash flow can the company mobilize now?"

The voice came out through the computer speaker, and the four of them could hear the seriousness in Fang Ziheng's tone.

This is going to be serious, hard-core Alibaba!
Andy recalled a little, and blurted out: "The company has a total of 12 billion in its books, of which 4 million belongs to the promotional funds of movie projects, 2 million belongs to the production funds of TV drama projects, and the real cash that can be used is only [-] million. !"

"If it can be delayed for two months, the company will be able to mobilize more than 15 billion in cash when Hengyu Games' follow-up profits come in!"

"No, absolutely not!"

Fang Ziheng's firm voice sounded, and he did not agree to delay the time for Ali and other investment banks to get in touch with UC first.

He lit a cigarette, looked at Concubine Lin and Andy through the video, and said with a light smile: "The acquisition of UC Browser's shares is not just to embarrass Ali, I'm not that superficial."

"Let me tell you the truth, the reason why UC Browser can attract Baidu and Alibaba's covetousness is because it has a configuration that many browser platforms do not do, that is, it is compatible with all Android phones.

People only know that Android mobile phone software is used by major mobile phone manufacturers around the world and in China, but they don't know that the Android platform is extremely complicated.

It is very painful for a mobile browser to match smartphones of different manufacturers and styles.

This kind of thing requires not only certain skills, but also someone who is willing to do it and constantly adapt.

Baidu and Tengxun have technology, but they are unwilling to do it.

Their own browsers are unwilling to cooperate with major mobile phone manufacturers to adapt to Android smartphones of different types, sizes, and configurations.

After all, smart phones are constantly being introduced, and major manufacturers are withdrawing new mobile phones all the time in order to mobilize consumers' purchasing psychology.

At present, and only UC browser has successfully done it!

I had chatted with Zhang Chaoyang a few times before, and it took the boss a lot of effort to persuade him to set up a test adaptation center for Sogou Browser, so as to learn the concept of UC Browser being compatible with Baijia. "

Hearing this, the four people in the office were stunned.

They never thought about why UC Browser is ahead of Tengxun and Baidu Browser.

Tengxun and Baidu's browsers have invested countless resources in order to seize the market, but they are still surpassed by UC and become the number one browser in China!
Because of this, Tengxun and Baidu obviously have their own browsers, but they still want to take UC into their pockets.

In addition, Alibaba, 360, Goldman Sachs, Sequoia, and several top domestic investment banks all covet UC, agreeing that its valuation is US$12 billion.

"Old Fang, what do you mean, UC Browser is the real sweet potato!"

Concubine Lin's eyes lit up, and she figured out the key to the problem.

Investing in UC is a profitable business!

"Of course it's sweet and sour!"

Fang Ziheng smiled, took a puff of cigarette and said, "UC now has the largest market share, but its content is not rich.

From the comparison of competing products collected by Sogou browser in the first quarter of this year, Sogou has already left behind UC, Tengxun, and Baidu browsers in terms of content! "

"And 60% of the newly added content after the revision of the Sogou browser is delivered by our Hengyu Media Group!
As of the end of May, Sogou browser's domestic market share was 32%, only 40.6% below UC, and its total valuation doubled from last year, about 4.5 million US dollars. "

"You can imagine, if Hengyu wins UC, the two parties open up links, and Hengyu fills in the lack of UC platform content, will the valuation of UC Browser go to a higher level!"

Fang Ziheng talked eloquently, with an attitude of winning.

He is not worried that UC will not accept Hengyu's investment. He didn't like it before because Hengyu Media is not famous enough.

Now Hengyu Media ranks among the four giants in the entertainment industry, and at the same price or even a premium, its competitive advantage is very large.

After a science popularization, Lin Feifei, Mo Xiangwan, and Liu Minghui's worries completely dissipated.

The meeting continues.

Several people set a preliminary quotation, a bottom-line price, and will lead a team to UC headquarters in the near future to launch a fierce acquisition action.

Fang Ziheng’s next general principle is that it is best to get 15% to 20% of the shares for this trip to the UC headquarters.

7 month 10 number.

Fang Ziheng put down the filming at hand, returned to the imperial capital, took Wang Dong, the person in charge of Hengyu Cinemas, and met with the bosses of Baoli Wanhe Cinemas, Wanda Cinemas, Hengdian Cinemas, and Jinyi Pearl River Cinemas.

Its purpose is to establish a film distribution company that travels all over the country.

According to his development expectations, starting from next year, Hengyu's main department and Hengyu Interactive Entertainment will invest in and participate in more and more film projects.

If the studios of Wuxing Director Company, Liu Qianqian, Da Mimi and others are included, the company is expected to release more than 20 films a year in the future.

With so many movies, it will be difficult to eat them all with Hengyu's publicity ability alone.

What's more, Ali and Tengxun are eyeing each other covetously, with an arrogance that is not short of money, it is imperative to pull people together.

In terms of film production, Hengyu can win Guangliang, Bona, Wanda Film and Television, and in terms of film distribution, it can naturally win over some reliable theaters.

Wanda Reign Hotel.

In a luxurious box, Fang Ziheng smiled and greeted everyone to take their seats.

"What are you thinking about? I still say the same thing. As long as the new distribution company is established, Hengyu will not only take out the previously set "National Security 1" project, but also be willing to release the "Predecessor 1" which is expected to be a big hit. Take out urban romance films and share them with everyone."

In the room, he sat on the main seat.

Liu Ge from Wanda Cinemas, Liu Debing from Baoliwanhe Cinemas, Zhang Yibing from Hengdian Cinemas, Yi Hai from Jinyi Pearl River Cinemas, and Wang Dong from Hengyu Cinemas sat on both sides.

Wang Dong smiled without saying a word, and offered to pour wine for everyone.

He came here this time just to cheer Fang Ziheng up. If things come to fruition, he will connect several theater companies in the future.

The four of Liu Ge didn't answer the conversation immediately, and fell into silence while holding their wine glasses.

It's not that they don't want to cooperate, but they can't wait for it. Almost no theater chain will refuse to cooperate with Hengyu Media to release movies.

Their only worry is that there are too many allies, and they are afraid that the benefits will be unevenly distributed in the future.

Originally, Xingmei Cinemas would also join in, but because Xingmei Group President Tan retreated to the second line, Xingmei changed the helm.

Not long after the new helm took office, China Film Group took over most of the rights, and the helm had no choice but to give up the alliance.

The four of them came here this time, and in their hearts they wanted to cooperate with Hengyu Media alone and eat up the projects that Hengyu releases every year.

But Fang Ziheng is not stupid, he either doesn't do it, or if he wants to do it, he has to recruit two more companies to establish the largest distribution company in China.

It cannot be said that it is the largest in the country, but it can be accurately said that it is the largest film distribution company among domestic private enterprises.

As the film market grows day by day, the number of newly added screens in China continues to rise, and many theater chains have also embarked on the road of distribution.

But no theater chain can sit firmly on a fishing boat and have the ability to release a blockbuster movie alone.

Wanda Cinemas can’t do it, even adding Wanda Movies and Television is not enough.

The United Cinemas under the Moying Group can't do it either, even with the support of the Moying behind it, it's almost meaningless.

Only China Film Group can do it. China Film Group is the big brother and does not need any allies.

Among the top [-] cinema chains in the country, China Film Holdings Xingmei Cinema Line, New Film Federation, China Film Digital, Liaoshen North, South Shinkansen, and Xichuan Pacific have six theater lines, with cinemas all over the country.

All the cinema chains under China Film Group can beat a giant theater chain at will, or even a joint theater chain.

The main reason for Fang Ziheng to set up a joint distribution company is to set up a good scheduling advantage for the films controlled by Hengyu in the future.

In a few years, the number of silver screens in China will exceed 10 yuan!

If there is no nationwide distribution company, even if your movie is popular, it will become a doll of capital.

Feng Pants' "I'm Not Pan Jinlian" is the best negative example, which was easily arranged by Wanda.

Huayi Brothers, as the main controller of the film, has no solution at all, and can only watch the box office loss of tens of millions.

Of the four cinemas present this time, Wanda ranked second in the country, and will soon be the first, becoming a giant cinema.

Baoli Wanhe ranked third last year, but fell to fourth this year. The construction of Baoli Group's theaters has slowed down.

Jinyi Pearl River Qianguo ranks seventh, and has been laying steadily and steadily, laying down without haste, clenching the big brothers in front and not letting go.

Hengdian Cinemas ranks 14th, which is a bit weak, but the Hengdian Film and Television Group behind it is a behemoth.

More than half of Hengdian Media's projects have to be filmed in Hengdian Film and Television City. Instead of queuing up frequently for filming, it is better to turn Hengdian Film and Television City into an ally so that both parties can achieve a win-win situation.

"I agree with Director Fang's proposal."

"I agree!"

"Count me into Wanda Cinemas!"

Everyone was silent for a while, seeing that Fang Ziheng's face was a bit unkind, they didn't dare to hold back anymore, and they all agreed with the alliance's proposal.

Fang Ziheng smiled, picked up the wine and clinked glasses with everyone.

Fuck a chicken!
You greedy ghosts, it’s good to have some meat, but you still want to eat alone!

Soon, everyone discussed the details of the alliance and jointly invested 1 million soft sister coins to establish a new issuing company.

There are five companies in total. Fang Ziheng proposed to name the newly established company Big Dipper Publishing Co., Ltd., leaving two places open for the future.

Hengyu Media invested 4500 million soft sister coins, and the distribution rights of the two films accounted for 48% of the shares.

Wanda Cinemas, Baoli Wanhe, and Jinyi Zhujiang each contributed 1500 million soft sister coins, each holding 14% of the shares.

Hengdian Film and Television released 1000 million soft sister coins, accounting for 10% of the shares.

The Wuzhou distribution company jointly established by Hengyu Interactive Entertainment with Guangxian, Xingmei, and Polywanhe before is not included in the list, and it is still placed under Hengyu Interactive Entertainment's banner to distribute low-cost movies with less than 3000 million production.

After finishing all the details, Fang Ziheng left Wang Dong behind and left early.

When he returned to the imperial capital this time, besides uniting with several major theaters, there was another important matter.

Andy led the team to the UC headquarters three times. After several persuasions, UC founder He Xiaopeng proposed to have a private chat with him.

This is a good thing, it shows that He Xiaopeng is tempted.

Chat alone, the two parties get to know each other and communicate, and the investment matters will be completed.

7 month 13 number.

In a private restaurant, Fang Ziheng met He Xiaopeng.

The founder of UC, only 35 years old, looks somewhat similar to Rebs.

"Fang Dong, I have been admiring you for a long time!"

"He Dong, thank you for giving Hengyu Media a chance."

As soon as the two met, they spoke at the same time, smiled and stretched out their hands and held each other tightly, like old friends they haven't seen for many years.

After the pleasantries, He Xiaopeng had a direct showdown.

Looking at Fang Ziheng's young and handsome face, he sighed leisurely: "Fang Dong, to tell you the truth, I was still thinking about whether to accept the capital injection from Hengyu Media Group last night."

"It is estimated that you also know the structure of the domestic Internet industry. There are few companies that can willfully reject the olive branch offered by BAT."

"To be honest, as the founder and chairman of UC, I am under a lot of pressure to abandon Ali, Tengxun and Baidu and choose to cooperate with Hengyu Media."

"I very much hope that Fang Dong can teach me today."

He Xiaopeng stretched out his hand to invite Fang Ziheng to take a seat, with a smile in his eyes, full of anticipation.

The meaning in his words is very straightforward. If you persuade him, he chooses to cooperate with Hengyu Media.

Otherwise, let's not talk about cooperation, and we should just make friends.

The reason is very simple, UC browser can't afford to offend the three big Internet hooligans, Ali, Tengxun, Baidu, any one of them can't afford to offend.

(End of this chapter)