My Age of Investment

"Mr. Xia, I didn't mean that. I just saw that everyone has a new year's work plan, but our film and television copyright fund does not, so I asked you for instructions."

Although he was very happy in his heart, Zhang Zhao knew that he had to be humble on the face, so as not to leave a bad impression on the leader that he was eager for quick success.

When interviewing for a job position, Zhang Zhao asked a similar question, what should I do if the copyright is hoarded? What should the film and television copyright fund do next?

Zhang Zhao is a smart man who knows that the copyright hoarding business is not a long-term business.

Why did he leave Enlight Media and join Vision Capital? It's not because they value the capital behind Xia Jingxing.

During the interview, he also gave Xia Jingxing a suggestion to start a film company, covering the entire film and television industry chain from investment, production to marketing and distribution.

Xia Jingxing also adopted this suggestion, and also promised to invest a start-up capital of no less than 130 million yuan.

Now that the operation of the copyright fund has come to an end, it is time to fulfill the promise.

Xia Jingxing is not the kind of person who doesn't keep his promises, and Zhang Zhao handles the hoarding of copyrights cleanly and neatly, and he has to put a burden on the other party.

"When the new year is over, you will formally form a film company!"

Zhang Zhao was overjoyed when he heard the words, "Mr. Xia, don't worry, I will never disappoint your trust. I will work hard to make the company a success and form a business synergy with Tudou."

Xia Jingxing nodded with a smile, and when he mentioned Tudou.com, he asked again: "Over at Tudou.com, have you authorized the copyright to them?"

"It has been authorized, starting from this year and ending in 2008, a total of two years."

Zhang Zhao said with a smile, "Mr. Wang from Tudou.com specifically asked me to bring a message. He is very grateful to Mr. Xia for your help to Tudou.com."

Xia Jingxing smiled lightly. The copyrights for these two years were given to Tudou for free, because they couldn't be distributed at all. It doesn't matter whether Tudou and other video sites are authorized or not, and it doesn't affect the related videos on the shelves in the slightest.

It is superfluous for him to authorize the copyright to Tudou right now. Wang Wei said thank you, but he probably didn't think so in his heart.

However, with such a start of cooperation, after two years Tudou wants to renew the copyright contract, it is time to give an explanation.

Don't mention it much,

Xia Jingxing asked again: "Film company, which direction do you plan to enter?"

"Produce and distribute!"

Zhang Zhao vowed, "When I was working in Guangguang, I suggested to Mr. Wang Changtian Wang to enter the field of production and distribution.

I have carefully studied the entire film industry in the United States, and found that production and distribution companies are the mainstream, not theaters.

A theater company will become a real estate at a certain time, with very heavy assets. The distribution channels, promotion and distribution of movies are the real focus, and the model is also very light. "

Zhang Zhao looked at Xia Jingxing with piercing eyes, and continued to analyze: "For us, the most important thing is the copyright. As long as we have the copyright, we can take better care of Tudou.com, right Mr. Xia?"

Xia Jingxing smiled, it seemed that the other party really understood his layout deeply.

He doesn't have much interest in simply making money in the entertainment industry, and investing in film companies is also to add an important piece of the industrial puzzle.

In his previous life, Zhang Zhao was a great contributor to Guangguang’s transformation from media to film industry. He helped Guangguang build a complete distribution network from scratch, and maintained a growth rate of 100% for several years. It was called "the speed of light" by the industry. ".

Later, Enlight Pictures was unfavorable when it went public, so Zhang Zhao was fooled by Boss Jia to build LeTV Pictures.

It also started from scratch, turning LeTV Pictures into a top-ranked private film and television company.

If Boss Jia hadn't been too ambitious and dragged down by LeTV, the development momentum of LeTV Pictures would not have been interrupted.

Now that the other party proposes to do something he is good at, he naturally has no objection.

"Okay, let's go according to your plan, I'll give you 200 million and do it first!"

Xia Jingxing glanced at Zhang Zhao who was about to speak, and said with a smile, "Don't be too little, if you do well, the supply of ammunition will not stop!"

Zhang Zhao smiled happily, almost grinning to the ears.

He didn't think it was too little, but felt it was too much.

There is no way, whoever makes the boss so proud is destined to be a man who wants to reshape the rules of the entertainment industry.

"Then Mr. Xia, over at Tudou, do you need us to cooperate and invest in the production of some online movies and TV series?"

Xia Jingxing looked confused, "Internet movies, Internet TV dramas? Is there such a name now?"

Zhang Zhao waved his hands again and again, "No, no, domestic online video has only been born for a year, and the movies and TV series broadcast on it are also supplied to theaters and TV stations.

I mean, shoot a couple of movies, TV shows that are just for streaming on the web.

If the quality of the film is good, it can drive the website to usher in a large-scale user growth. "

Xia Jingxing smiled, thinking that Zhang Zhao's thinking was quite advanced, but before the copyright policy was implemented, the so-called online dramas and online movies were simply unrealistic.

You can shoot on Tudou, and colleagues can also "borrow" it for use.

So what's the point?

After Xia Jingxing explained for a while, Zhang Zhao immediately understood and slapped his head, "Mr. Xia, blame me, I was thinking about it."

"Your idea is still very good, but you must wait until other platforms dare not pirate our copyrighted videos before you can actually implement it."

Xia Jingxing looked at Zhang Zhao with a smile, his eyes full of approval.

"You don't need to think too much about Tudou right now, just focus on making the film company a success.

After the film company is set up, I reckon that it is time to issue some policies and regulations on the issue of film and television copyright.

At that time, the high-quality content of the film company will help Tudou to gain a certain advantage in commercial competition. "

Zhang Zhao nodded. In his original understanding, the film company was more of a vassal of Tudou.com.

However, hearing what the boss said, I don't think that's the case.

As for the other executives, they all watched their noses, noses, and mouths, and did not interrupt.

Fu Jixun wanted to say a few words, but he swallowed the words, ready to ask again in private.

He just thinks that the boss is too kind to Tudou, hoarding copyrights, and investing in film companies, so his own son shouldn't be like this, right? What's more, it's just a son.

Xia Jingxing naturally has his own investment ideas, if he spends 200 million yuan, in a few years a film company with a valuation of 10 billion yuan will come out, won't it be good?

Moreover, in addition to the perspective of financial returns, film companies are also a vital part of the industrial layout.

In the increasingly competitive online video industry in the future, content is king.

Settlement in advance and card position in advance, so as not to be in a hurry for a few years.

"Oh, by the way, in addition to the film company, you are also responsible for the management of the second copyright fund."

Xia Jingxing's sudden words stunned Zhang Zhao.

"Mr. Xia, what do you mean...you want to buy some film and television rights?

However, the film and television copyrights are almost sold out, and there is still nearly 10 million yuan left in the first phase of the fund account that has not been spent. "

Xia Jingxing shook his head, "It's not film and television copyright, I'm talking about music copyright."

Zhang Zhao shook his head and laughed, "Mr. Xia, music copyright piracy is much more prevalent than film and television copyright piracy.

Moreover, many music copyrights are in the hands of several major foreign record giants.

These foreigners have a very strong sense of copyright, and the copyright is very concentrated. This is not like going to Hong Kong, Taiwan, and the mainland to collect old movies and TV dramas everywhere. It is very difficult to talk about. "

Xia Jingxing frowned. He vaguely remembered that the music copyright protection policy was implemented around 2015, so it might be too early to stock up now.

Moreover, the music copyright authorization period is shorter, usually 2 to 3 years. The best way is to learn from Penguin, control from the source, and invest in record companies.

Xia Jingxing had no choice but to give up his thoughts and not touch the matter of music copyright for the time being.

At present, in terms of development momentum and relationship, Kugou is far behind Tudou.

Abel, who manages the Summer Mother Fund, is the last report job.

Since there are no direct investment projects, the main investment sub-funds are still internal, and several partners have reported their work before. Abel mainly reported on the operation of Axel China and Gao Ling Capital Condition.

Under Xia Jingxing's secret control, Axel China has invested in four companies including , PPS, Kuwo, and 58.com. The combined investment amount is only a little over 7 million US dollars, and there are more than 90 million US dollars in cash left in the account .

Xia Jingxing frowned slightly when he heard this, and felt that Tong Shijie's investment was a little too conservative, so he decided to loosen up the lurker in the future, and let the other party speed up, so as not to lag behind the funds of Vision Capital.

Abel also introduced the situation of Gao Ling Capital. Zhang Sanshi took the 20 million US dollars invested by the Chushu Fund and the 10 million US dollars invested by the Yale University Foundation to form the second fund, and established positions in Baidu and Google in the secondary market. , Amazon, Apple and other Chinese and American technology companies, the stock price increase is not obvious for the time being, and it is clearly a long-term investment.

After a meeting, the operation of each fund was fully presented.

Xia Jingxing was generally satisfied, but several subordinates didn't see it that way, because so far no company has withdrawn or achieved a qualitative leap in development.

"We have only been working for half a year now, how can we get a return so quickly? Is it true that every project is a framework media?"

Xia Jingxing's words made everyone laugh, and everyone gradually let go of their concerns.

They know that the investment industry is slow to produce results, and it is normal to not achieve results in half a year, but it also depends on who they are compared with.

The boss's investment case of frame media made them breathless.

They were worried that Xia Jingxing would use himself as a benchmark to ask them, that would really kill him.

Xia Jingxing made the final concluding speech: "Last year, we attacked in various fields and invested in dozens of enterprises.

After investing, we are basically stocking the invested companies.

If it continues like this, it will definitely not work, and there will be big problems.

This year, we must build a post-investment management team, from assisting with product operation strategies, to improving founders' capabilities, to building a circle of founders who share resources...

These tasks have to be effectively implemented this year.

Investing does not mean that you just invest money and you are done. We want to help companies grow and become the most desired capital partners in the minds of entrepreneurs.

This year, our work has been thoroughly carried out around this plan. "

Fu Jixun asked: "Then Mr. Xia, will the founders of the major invested companies be invited to this year's annual meeting?"

"Of course I'm invited!"

Xia Jingxing said with a smile: "And I must invite all of them. I will take this opportunity to confirm our "school"."

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