China Entertainment has been a director since 08

Chapter 353
On Monday, November 2019, 11, the morning was sunny.

Ten people, including Baojianfeng, Cangjian Jiangnan, and Heart of Darkness, rang the gong, representing the listing of China Literature Group!

The opening price was 35 yuan, and at 10:30, the limit was successfully raised, reaching 50.4 yuan!
The shares offered this time accounted for 25% of the total shares, reaching 10 billion shares!

This also means that it only took less than one morning for the entire China Literature Group to go public and successfully break through the market value of 2000 billion!
Moreover, unlike most companies that go public and conduct roadshows to raise funds, the funds mainly come from institutions.

The China Literature Group, from readers and authors accounted for a large proportion.

At the beginning, when Li Hao acquired it, the price of China Literature was 20 billion yuan, but now its market value has exceeded 2000 billion yuan. Calculated from the numbers, it has increased by 100 times.

At the beginning Tong Liya spent 2.4 million to get 20% of the shares, and now this part of the shares is 15%, which is 6 million shares, which is almost equivalent to 302.4 billion!
The management team originally accounted for 25% of the shares, but now it owns 15%, or 6 million shares, with a wealth of 302.4 billion.

The Great God Alliance originally owned 10%, and now this part of the shares is still 10%, ensuring that it has two director seats.

However, Haotian Media originally owned 45% of the shares, and now it owns 35% of the shares. Only for this part of the shares, the listing of China Literature Group has given Haotian Media an additional wealth of more than 700 billion.

The 300 billion yuan raised this time, in addition to continuing to improve the welfare of writers, part of it is used for the copyright development of online novels and the expansion of overseas business.

At the China Literature listing ceremony, Li Hao did not attend the gong-beating ceremony, but gave up this rare opportunity.

He has participated many times, and there is no shortage of this time.

After China Literature went public, it was different from other companies that successfully held receptions when they went public. This time, it held an annual meeting.

Not just the annual meeting of Singularity, but the annual meeting of the entire China Literature Group.

The subtitles on the big screen are - new era, new journey!

A successful listing is just the beginning, not the end!
Those who participated in the annual meeting were well-known authors, including male and female writers!

In addition to authors, there are editors!

As the CEO of the group, Wu Wenhui gave a speech, starting from the origin of the development of China's online literature.

In the beginning, it was an online bookstore, which appeared roughly in 1997. The free space provided by companies such as NetEase provided a material foundation for the development of the initial bookstore.Then in March 1998, "Literature City" came out. The monthly page views of this site exceeded one million, and the number of email subscribers reached 3.

Also in July 1998, "Book Road" was officially established, the first large-scale literary website with over 7 daily page views.

In 1999, with the intervention of capital, Duolaimi Chinese.com purchased 400 of the top 20 personal websites in NetEase's personal website rankings, including Golden Bookstore, etc. at a price of 16 million yuan.

As the founder of Singularity, Wu Wenhui is not an exaggeration to say that he is hardcore.

He didn't just talk about the singularity, even now the singularity still occupies half of the Internet.

Many people seem to have witnessed the development of the entire web in his speech.

The golden age, the silver age, the bronze age, and the emerging kings of web literature.

"Internet literature has not yet reached a bottleneck, and there is still a lot of room for development." Wu Wenhui talked about the present and his prospects for the future.

The entire annual meeting lasted for three full days, with both speeches and some sharing by the great gods.

Websites and authors are all beneficiaries of the substantial increase in the copyright of film, television, animation and games.

The two sides have been tightly bound together, if one prospers, one prospers, and if one is vulnerable, one loses.

It’s not that there are no authors who want to own more copyright ratios, but without the platform’s promotion and promotion, the popularity of subscriptions will drop sharply, and the sales volume of physical publishing will also be greatly reduced. With these declines, the copyrights of film, animation, and games often cannot be sold at a good price.

This has been confirmed after several attempts.

This time, there are not only male but also female ladies in costumes.

There are many talented women with high education!

Although the number of subscriptions for female channels is often far lower than that of male channels, they are often favored by the market in terms of film and animation copyrights, and can be easily sold.

When it comes to romance, women writers always have an advantage.

Moreover, the film and television adaptation of female videos is much less difficult than that of male videos.

It's not that the film and television copyright of the male channel has never been adapted, and several films have been filmed, but they have received mixed reviews, and most of them have been criticized by book fans.

After all, other film and television companies are inferior to Haotian Media in terms of technical strength.

Li Hao also attended the annual meeting. This is the first time he has participated in the Internet Writers Association after more than ten years.

As the current helm of China Literature Group and also a legendary figure, Li Hao gave a speech on stage and was warmly welcomed by everyone.

Apart from a few people attending the annual meeting this time, Li Hao did not know most of them.

For more than ten years, the Internet has also been changing, and those who can continue to be trendy have always been a minority, and most of them have been eliminated.

After all, at the beginning most people wrote web articles on a whim, on a whim, and never thought of it as a career, but the passion of interest always comes and goes quickly.

At this time, they can still be trendmakers, nothing more than Tomato, Sanshao, Shenji, Chendong, Toad, Blood Red, Maojiu, etc., but there are more who will rise to become trendmakers later.

As for Rotten Potatoes, without Doupa, he failed to forge a god position, so he would have been out of this circle for a long time.

Li Hao analyzed the future development trend of film and animation copyright.

With the strengthening of review of historical novels, military novels, etc., in fact, many novels cannot be adapted for film and television animation at once. After all, even if they are filmed, it means that they will lose the possibility of being released on TV stations as soon as they are filmed. They can only use online platforms. Playing this way means that the risk increases and the pressure on payment collection increases sharply.

This is not to say that if you lose the broadcasting on the TV station, you can broadcast it on the online platform, because without the broadcasting on the TV station, the bidding price on the online platform will also be reduced.

After all, those online platforms are willing to offer high prices are all popular dramas.

And to get the price of tens of millions of episodes, there are only a few episodes a year.

Of course, there are also a few companies that are hoarding online novel copyrights, pushing up valuations by hoarding online novel copyrights, and then refinancing and hoarding online novel copyrights.

There are also companies like Tencent Video, iQiyi, etc. who have purchased the copyright and then filmed it.

After all, for these video sites, they are still in the stage of continuously burning money to compete for users.

And there are giants behind it, burning money is actually an investment sometimes, and you can pay less tax.

But there is no doubt that it is still in the bonus period of online writing.

After all, it is normal for one person to spend hundreds of dollars a year on online articles for those who used to read pirated copies to develop the habit of reading novels.

This kind is still the kind that never gives a reward. If you count the reward, you will definitely spend more on reading online articles every year.

(End of this chapter)