China Entertainment King of Science Fiction

Chapter 176 The Value of DreamWorks

Station C is also a competitor in the long video track - even though few of its videos are genuine copyrights, Huanshi.com has internal backlash against "capital enemies", and Penguin Group originally wanted to intervene but was rejected by its wholly-owned subsidiary

Strong opposition has delayed decisive action.

No matter how far-sighted a leader is, he may not be able to break through the layers of internal obstacles.

The current president of Huanshi.com may not want to continue betting on Station C, but he cannot suppress other opposition forces from the top.

In contrast, Penguin Group has a greater chance - it has the ability to make decisions that harm the interests of one of its internal departments or subsidiaries in the short term.

However, Huanshi.com cannot oppose itself, and it is difficult to do things that will harm the company's interests in the short term, but can bring huge benefits in the long run.

While Huanshi.com is hesitant about this, Penguin Group may bring funds at any time to satisfy the hunger of Station C and lead the investment in Station C’s fourth round of financing.

And this short window period is Chen Jingxing's opportunity, and it is a once-in-a-lifetime opportunity.

Chen Jingxing is optimistic about Site C not because it is the largest barrage video website in China.

But Zhao Jianbo, the founder of Station C, made the right decision—the same decision as the barrage website in Chen Jingxing’s previous life.

As a medium- and long-form video platform, Station C’s own talents and the advantage of having no advertisements in the title allow it to achieve something that only future short video platforms can do. This is currently the case for long-form videos like Fantasy World.

Unexpected by the platform.

With such a rare opportunity in front of him, Chen Jingxing wanted to directly obtain the status of the major shareholder in one step.

Moreover, DreamWorks also announced the production of three animated series including the second season of "Star God" - the pirated resources of the first season of "Star God" were once the "treasure of the station" at Station C, whether it is

Considering the current situation and the long-term future, high-quality content exporters like Station C and DreamWorks are perfectly suitable partners.

The reason why Huanshi.com is not optimistic about this article is because they also have a section that encourages users to upload videos independently, but it has not achieved the expected effect of enhancing user stickiness - of course, because in front of all videos on the platform

There are ads.

Huanshi.com is not optimistic about the future of Station C and does not want to continue to invest, but it will not give up this "stronghold" easily. It is also worried that if it does not spend money, Zhao Jianbo will ask Penguin for money.

DreamWorks has three films, "Comet," "Identity," and "The Signal," as well as the high-profile "Source Code," which will be released in April.

Including DreamWorks’ next animation projects, whether it is promotion or IP fermentation, Station C is a very suitable platform.

Chen Jingxing's proposal just solved the headache problem for the top management of Fantasy World. DreamWorks is not a competitor in the same field as Fantasy World, nor is it an Internet company, and Fantasy World is also the second largest shareholder of DreamWorks.

Of course, Zhao Jianbo also made a relatively large concession on equity. He hopes to raise more than 600 million in this financing, which is 100 million US dollars.

Issuing corporate bonds?

In China, this is something only listed companies can do.

And he can also take the lead in establishing DreamWorks' online playback model at Station C - the separate payment model.

Use the animation and game business to drive traffic to the animation house, gain profits, support its continued development, and purchase some animation series that can support the retention of core users.

The reason why Chen Jingxing confessed to Zhang Jingyan that he coveted Station C was because he was sure that Huanshi.com and him would definitely hit it off on this matter.

DreamWorks led the fourth round of financing for Station C instead of Huanshi.com, which can not only solve the internal opposition problem faced by the president of Huanshi.com, but also isolate other competitors from getting involved.

Taking all these together, Chen Jingxing believes that the future of station C is relatively bright, and at least it will be listed on the market.

DreamWorks raises funds again?

Chen Jingxing was not willing.

Station C is currently the easiest video platform to intervene in. With such a video platform, he has a much greater escape route. Moreover, DreamWorks, as a novel high-quality content exporter, is very suitable for young user platforms like Station C.

If Penguin Video didn't also have a stake in DreamWorks, there wouldn't be much of a problem saying that DreamWorks is a fantasy company.

To be honest, Zhao Jianbo is a bit loud. Danmaku websites like Station C have long been a shame in the valuation of Internet companies. Of course, this is because they started off by infringing works, and they often involve some color issues.

, if there is no strong back-end support, you can’t tell when the founder may get involved.

The focus is on the second question. Zhao Jianbo, the founder of Station C, insisted on a valuation of 2.5 billion in this financing, while Huanshi.com insisted on a valuation of 1.5 billion. Such a large valuation gap is also the reason for Huanshi.com.

A major reason for the strong backlash among internal opinions.

So where do the funds come from? Not to mention that "Source Code" is released in April, even if it is released during the Spring Festival, it is a bit late to wait for the funds to be withdrawn - Station C's fourth round of financing cannot be delayed for too long.

At the same time, we develop self-made content and encourage users to upload secondary creations or other video content, so as to stabilize or even expand the user base after most of the infringing works are cleared.

In fact, this is not Chen Jingxing’s main goal. Although he wonders whether he can become a streaming media giant like Netflix, even if he wants to become a domestic streaming media giant, it is too late.

If Station C can achieve such results, investing in Station C is a very cost-effective investment that can bring huge profits.

The first question is not a problem at all to Chen Jingxing and Zhang Jingyan.

He vaguely remembered that in his previous life, the market value of that barrage website soared five times within a year after it went public, and this was despite huge losses.

Obviously, the management of Station C is eager to obtain a large amount of funds to develop the game business and purchase the copyrights of core animation dramas to complete the transformation as soon as possible.

The only question is whether Station C is willing to accept investment from DreamWorks, and whether DreamWorks has that much money.

Other than that, you need to get financing from the bank.

"Of course it's the bank."

Zhang Jingyan frowned and asked: "Which bank?" Because DreamWorks' ongoing "Gravity" project is considered extremely risky even within the film industry, Zhang Jingyan believes that it may not be easy to find bank financing. Of course, if "Gravity" is pledged,

The copyright of "Source Code" also has a relatively large chance.

"China Development Bank!" Chen Jingxing looked at Zhang Jingyan, who had a look of surprise on his face, and smiled mischievously: "China Development Bank's special funds to support cultural industries, of course the country has funds for companies like DreamWorks that can export culture.

In return, isn’t this the value of DreamWorks?”

(End of chapter)