"The Cliff" is a grand spy war drama co-starring Zhang Jiayi and Xiao Song Jia.
Its rating was even one point higher than "Beijing Love Story", at least 8.5!
Its viewership ratings were even number one during the same period!
If Wang Yi remembered correctly, the Magnolia Award for Best Television Series Gold Prize in 2012 went to "The Cliff"!
However, Wang Yi was puzzled.
Unlike "Beijing Love Story" with its group of new directors and new actors, the director and main cast of "The Cliff" were all very capable.
It should have a bigger market than "Beijing Love Story", so why would Goose Factory look down on it?
Could it be that the audience for this type of genre tends to be older adults?
So video platforms aren't interested?
That must be the case.
Wang Ziyi sighed:
"Video platforms don't really like this kind of spy war film. Goose Factory users tend to be younger, and they're not willing to pay a high price."
As expected!
The genre of a TV series has a strong relationship with its audience.
For instance, "Beijing Love Story", an urban romance drama, has a younger audience demographic.
With new directors and new actors, it's a small production, to put it plainly.
However, satellite TV's audience is mainly middle-aged and elderly, and they weren't interested in "Beijing Love Story" at all.
In the first round, hardly any satellite TV stations were willing to buy it, and in the end, it could only be sold at a reduced price to Blue Channel.
On the contrary, the audience of video platforms is mainly young people, so this type of drama is very popular.
Although it was a small production by new directors, Goose Factory still considered 10 million yuan to acquire the six-year exclusive online broadcast rights, but Xinli Media quoted 15 million yuan.
The two sides had not yet reached an agreement when Wang Yi stepped in and wanted to buy it too.
The overly shrewd Wang Ziyi immediately made an exorbitant demand, demanding 20 million yuan for the six-year exclusive online broadcast rights!
Considering the subsequent impact and viewership ratings of "Beijing Love Story", Wang Yi directly doubled it to 40 million yuan to buy out the permanent exclusive online broadcast rights and all other copyrights of the TV series!
As soon as Wang Ziyi heard this price, she immediately agreed without hesitation.
After all, for the first-round broadcast rights for satellite TV, at a price of 500,000 yuan per episode, only Jiangsu-Zhejiang TV bought it, and it only earned 19.5 million yuan.
For subsequent second rounds, it would be difficult to even sell for 10 million yuan.
Wang Yi was willing to pay an extra 20 million yuan to buy all copyrights, and she felt like she had met a big fool, made a huge profit, and couldn't be happier!
But Wang Ziyi could never have imagined that this small production by new directors and new actors would become a blockbuster hit of the year!
In terms of ratings, it was not as good as "The Cliff", but in terms of viewership, popularity, traffic, and social influence, it even surpassed "The Cliff"!
Even ten years later, many people were still watching "Beijing Love Story".
It was precisely because it became an instant hit after its premiere that "Beijing Love Story" had huge sales in its second and third rounds that very year!
It sold even better than in the first round, earning more!
Just the second and third round satellite TV copyrights far exceeded 40 million yuan.
That's why Wang Yi was willing to pay 40 million yuan for it.
It can only be said that in this game, Wang Ziyi was on the third layer, while Wang Yi was on the fifth layer!
Wang Ziyi sighed:
""The Cliff" had a production cost of 40 million yuan, and in the first round, three satellite TV stations bought it at 800,000 yuan per episode, 32 million yuan per station, a total of 96 million yuan for all three! Yet Goose Factory was only willing to offer 10 million yuan for the six-year exclusive online broadcast rights. I'm really reluctant to sell it. After all, "The Cliff" is much better than "Beijing Love Story". Chairman Wang, are you interested?"
Wang Yi understood, Goose Factory wasn't unwilling to buy, but unwilling to pay a high price.
After all, no matter how good "The Cliff" is, most video platform users are young, even predominantly female, so how many would be willing to watch a spy war drama?
Just like those palace intrigue dramas, not many men are willing to watch them.
Wang Ziyi was still thinking of Wang Yi taking over and selling it for 20 million yuan, which was simply wishful thinking!
However, considering the quality of "The Cliff", a yearly blockbuster, and having won three Magnolia Awards, it was still worth bottom-fishing at a low price.
After all, in 2011, only a portion of young people could afford the three to four thousand yuan Xingyi xphone 1.
Many other users were affluent middle-aged and elderly groups.
Therefore, the user base of Xingyi Video also included many born in the 60s and 70s, making it richer than Tencent Video.
Buying "The Cliff" would still find an audience.
With this in mind, Wang Yi deliberately feigned difficulty and said:
""The Cliff" has good quality, and broadcasting it on TV is fine, but our Xingyi Video users are also mainly young people."
"This..."
Wang Ziyi fell silent, and Chairman Cao also looked a bit anxious.
For the exclusive online broadcast rights of "The Cliff", Goose Factory offered 10 million yuan.
He also asked Youku, and they also intended to buy it cheaply, at most 11 million yuan!
In his previous life, the exclusive online broadcast rights for "The Cliff" were ultimately sold to Youku.
This drama is going to be broadcast on January 3rd, we can't delay it any longer!
Chairman Cao had no choice but to say:
"Chairman Wang, how about this, for 13 million yuan, for the six-year exclusive online broadcast rights of "The Cliff", I'll sell them all to you!"
Wang Yi sighed:
"To be honest, a price of around 10 million yuan for "The Cliff" is reasonable. But since Chairman Cao has spoken, as a shareholder of Xinli Media, I should also support our drama and help raise the price for us. However, I can't let myself suffer too much loss."
Chairman Cao nodded and also felt that 13 million yuan was too high:
"Chairman Wang makes sense, I wonder what you have in mind?"
Wang Yi pondered and said:
"18 million yuan to buy out all subsequent copyrights. This way, if satellite TV can sell it in the second and third rounds a few years later, it can recoup some costs, and I'll lose a bit less!"
"18 million yuan..."
Chairman Cao did not immediately agree, but quickly calculated in his mind:
With TV series, the first round sells for the most.
"The Cliff" sold for 800,000 yuan per episode in the first round, and with three satellite TV stations buying it, that's 2.4 million yuan per episode.
But by the second round, the price would have to be heavily discounted.
Moreover, since three satellite TV stations bought it in the first round, the market was already saturated; if broadcast again shortly after, the viewership would be too low, and no one would be willing to buy it.
For subsequent second and third rounds, it would be at least two, or even three years later before any satellite TV would be willing to buy it, and with such a long interval, it would sell for even less!
In three to five years, even if it cumulatively sold for 20 million yuan, the return on investment would be too slow, it would be better to sell it at a premium now!
In film and television production, what's most needed is capital turnover.
Every time a drama is filmed, it either requires financing or borrowing, and the cost of capital is very high!
Furthermore, what if the viewership ratings are poor, then second and third rounds would be out of the question...
Whether considering capital turnover costs or risk-reward costs, it is clearly more cost-effective to sell at a premium now!
After some thought, Chairman Cao had made up his mind to sell, but the price had to be a bit higher.
He simply looked at Wang Ziyi.
Wang Ziyi was also rapidly thinking:
'The second and third rounds would be in 2014. By then, I would have cashed out and left long ago, what do the earnings from the second and third rounds have to do with me?'
'Of course, selling it now is most valuable to me!'
With this thought, she also looked at Chairman Cao.
The two sides exchanged glances and understood each other's thoughts.
Wang Ziyi smiled slightly:
"Chairman Wang, transferring all copyrights of "The Cliff" to you is fine in principle, but let's add a bit more to the price, 20 million yuan!"
"Deal!"
Wang Yi agreed.
For Wang Yi, spending an extra 10 million yuan to acquire the permanent copyrights of "The Cliff" was absolutely worthwhile.
Wang Yi was well aware that "The Cliff" utterly exploded in popularity and won so many awards that its hands got soft.
In his previous life, "The Cliff", "Lurk", "Before Dawn", "Kite", and "The Red" were jointly known as the five classic spy war dramas that one could never tire of watching!
Even if three major satellite TV stations broadcast it simultaneously in 2012, and no satellite TV station was willing to buy it in 2013, in the subsequent years of 2014, 2015, 2016... satellite TV stations still bought it every year!
Wang Yi remembered the broadcast frequency of "The Cliff" was no less than "Drawing Sword", and even higher.
How could it not make money?
In addition, the price of TV series copyrights soared rapidly a few years later, with copyright fees for a single episode rising to tens of millions!
Even if such a classic old drama was worthless, a single episode's copyright could still sell for 200,000 yuan a few years later, right?
200,000 yuan per episode, 40 episodes would be 8 million yuan.
Even if only one satellite TV station broadcasts it a year, there would still be an income of 8 million yuan every year!
Absolutely worthwhile.
Furthermore, with exclusive broadcasts for Xingyi Video members, those who want to watch the drama can only become members, which can bring continuous membership revenue to Xingyi Video.
Buying out for 20 million yuan was simply a huge profit!
It couldn't be helped, before its release, Chairman Cao and Wang Ziyi also couldn't guarantee that "The Cliff" would become a huge hit of the year and compete with "Empresses in the Palace" to snatch the Gold Prize!
That's right, the Magnolia Award for Best Television Series Gold Prize, Best Screenplay, and Best Actress, these three major awards, all went to "The Cliff"!
While "Empresses in the Palace" only won the Magnolia Award for Best Director and a Best Actress nomination.
The Magnolia Award for Best Actress was taken by Gu Qiuyan, the female lead of "The Cliff", and Zhen Huan was very angry for a time!
After all, everyone felt that Zhen Huan should have been the TV queen!
Perhaps to appease the Empress's anger, the Magnolia Awards then gave the 2013 Best Actress award as a supplementary award to Zhen Huan!
Wang Yi in his previous life had followed this gossip with great relish.
Of course, the Huading Awards, Feitian Awards, National Drama Ceremony, and other prestigious awards were also monopolized by "The Cliff" and "Empresses in the Palace"!
This shows how high the quality of "The Cliff" was!
Subsequently, the two sides signed another agreement, and Wang Yi also acquired all copyrights for "The Cliff"!
"Coming to Xinli Media, I've given you 260 million yuan, I'm practically a goldmine!"
Wang Yi joked.
Chairman Cao laughed heartily:
"Haha, thank you for your support, Chairman Wang! If all our shareholders were as supportive as you, Xinli Media would thrive, and an IPO would be a piece of cake."
Wang Ziyi also nodded with a smile:
"Indeed, the future of our Xinli Media still depends on Chairman Wang."
Wang Yi waved his hand:
"You flatter me. A fast train relies entirely on its locomotive. The future of Xinli Media still depends on the three of you!"
Chairman Qu, the third largest shareholder and Wang Ziyi's best friend, was more laid-back, but ended up winning big.
"It's the four of us working together!"
Wang Ziyi said with a smile.
Wang Yi didn't take it seriously.
The three of them together held over 70% of the shares, were in cahoots, and had long since completely controlled Xinli Media.
Wang Yi only had 8%, only voting power, but no decisive power!
Xingyi Media, which he 100% controlled, and Noon Sun, were Wang Yi's fundamental base camps!
If it weren't for Xinli Media's subsequent high-quality dramas and "Beijing Love Story", Wang Yi wouldn't even bother investing in Xinli Media.
There was no way around it, in the future, competition among video platforms would rely on the quality and quantity of exclusive dramas!
In his previous life, it was precisely because Goose Factory had strength, with high-quality and numerous exclusive dramas, that it caught up from behind and became TOP 1.
Conversely, Youku, the earliest leader in video platforms, even after merging with Tudou, still became number three later on.
As for Mango TV, it relied on variety shows to sustain itself, with not many dramas to watch.
As for Bilibili, after its animation content was crushed by Goose Factory, it completely became a 'broken' small site, with countless ACG fans saying goodbye with tears and switching to Tencent Video!
Similarly, if Xingyi Video wants to compete with Goose Factory and iQIYI, it also has to join the exclusive drama war.
In the future, at least 15 to 20 exclusive dramas per year!
Xingyi Media cannot film all of them itself and can only extensively acquire exclusive copyrights from third parties.
And how to acquire them?
It has to invest in and acquire shares in film and television companies!
As for acquiring without investing, that might work for the next two years, but it will be difficult later.
In the future, for many high-quality dramas, even before filming begins, during the investment solicitation phase, the copyright holder will already be determined!
Only by becoming a major shareholder of a film and television company can one enjoy priority acquisition rights!
After the major shareholders have made their choices, what they don't want will then be sold to other platforms.
It was precisely for this reason that in his previous life, Goose Factory invested in over twenty film and television production companies, including Huayi, Xinli, and Lemon!
This is what allowed Tencent Video to have countless self-produced and exclusive dramas and become the top film and television platform.
Alibaba, behind Youku, and Baidu, behind iQIYI, also invested in a large number of film and television production companies.
Similarly, if Xingyi Video wants to grow big, Wang Yi also has to invest in and acquire shares in numerous film and television companies to secure exclusive broadcast rights.
Xinli Media is just one of them; later, other powerful and potential companies will also need to be invested in.
Only then can one acquire high-quality drama copyrights in advance to become exclusive dramas for Xingyi Video.
As for twenty exclusive dramas per year, all self-produced, this is unrealistic and simply too much to handle.
More importantly, Wang Yi would self-produce the highest quality dramas, rated 8 or 9 points.
For dramas of secondary quality, rated between 6 and 8 points, self-production has little meaning.
It's better to entrust them to companies he has invested in and acquire the copyrights later!
This is an inevitable path for industry development, not blind investment!
"Chairman Wang, we also have a movie called "Caught in the Web" which will be released next July. Are you interested in the copyrights? It was directed by our resident master director, Chen Kaige!"
Wang Ziyi said proudly that Xinli Media has great foresight and directly signed a six-year agreement, securing Director Chen.
In the following years, Director Chen's "Caught in the Web", "Monk Comes Down the Mountain", and "Legend of the Demon Cat" were all produced by Xinli Media!
"Here is some information about "Caught in the Web", please take a look."
Wang Ziyi took out the materials she had prepared earlier.
The patron finally arrived, so they had to milk him for all he was worth!
"You came prepared!"
Wang Yi was a bit speechless; if he weren't a reborn person, he would have been thoroughly scammed.
No wonder Xinli Media's valuation could skyrocket 95 times in two years; it was mainly because Wang Ziyi was so good at business.
She wouldn't miss any opportunity to monetize funds and would always sell at a satisfactory price!
Wang Ziyi smiled charmingly:
"Since ancient times, a treasured blade matches a hero; an excellent work like "Caught in the Web" is perfect for exclusive broadcast on Xingyi Video!"
"That's a nice way of putting it."
Wang Yi said with a smile, opening the materials.
"Caught in the Web" tells the story of urban white-collar worker Ye Lanqiu, who, due to a minor incident of not giving up her seat on a bus, triggered cyberbullying and was eventually cornered into a desperate situation in life...
After reading it, Wang Yi was stunned.
Director Chen is awesome!
A topic like cyberbullying would be very normal ten years later, but this was 2011.
In 2011, you're doing cyberbullying!
It's way too advanced!
However, don't expect a box office hit!
In 2021, "Caught in the Web" could sell for over 1 billion yuan.
But in 2011, "Caught in the Web" couldn't even reach 300 million yuan, no, even 200 million yuan would be difficult.
Limitations of the era!
Wang Yi had no impression of this movie in his previous life, which meant it didn't enter the top twenty domestic box office films, and its box office was below 200 million yuan.
After deducting the shares of cinemas and distributors, the production company could get a little over one-third, which was about 60 million yuan.
Looking at the cast, Director Chen's style... the cost of this movie was estimated to be around 40 to 50 million yuan.
It should have made a little profit, though not much.
But for a major director like Director Chen, this box office figure was a flop.
In fact, many dramas flop at the box office, not because of poor quality, but because they are too advanced and public perception cannot keep up.
"Caught in the Web" was too ahead of its time, born in the wrong era!
Seeing Wang Yi's silence, Chairman Cao was a bit worried:
"Chairman Wang, do you... not have a good feeling about this movie?"
Wang Yi sighed:
"It's a good movie, but not a box office hit!"
"Why do you say that?"
Wang Ziyi was full of curiosity.
"The reason is simple, it was born in the wrong era!"
Wang Yi explained slowly:
"Cyberbullying is a very noteworthy social issue. However, at present, mobile networks are not very developed, and the number of internet users is also small. Therefore, many people do not understand this drama enough and cannot accept it."
"I see."
Wang Ziyi understood:
"Thank you for your guidance, Chairman Wang. So, Chairman Wang, do you think this movie will lose money? We invested 40 million yuan."
"40 million yuan? That's not a big problem. With Director Chen's reputation, recovering the cost should be fine, and perhaps even make a slight profit."
"Then we'll take Chairman Wang's auspicious words!"
Chairman Cao breathed a sigh of relief.
These days, investing in movies, 80% lose money!
That's right, it's that exaggerated.
Like "Love Is Not Blind", with an investment of tens of millions, it grossed 800 million yuan at the box office.
That was a miracle, an absolute miracle.
"Then, Chairman Wang, would you be willing to buy out the online copyrights for "Caught in the Web"? As for the price, would 2 million yuan be acceptable?"
Wang Ziyi asked.
Due to the impact of rampant piracy, current online copyrights simply cannot sell for high prices, mostly only one-tenth of satellite TV copyrights.
For example, "Empresses in the Palace" sold for 950,000 yuan per episode to satellite TV, with three satellite TV stations plus local buyers in the first round, an episode exceeded 3 million yuan.
But LeTV's exclusive online buyout was only 20 million yuan, averaging less than 300,000 yuan per episode.
Similarly, online copyrights for movies are also not valuable.
For top films of the year, blockbusters with box office exceeding 500 million yuan, current exclusive online broadcast rights are only 5 to 8 million yuan.
As for "Caught in the Web", its box office was destined to be mediocre, less than 200 million yuan, not even making it into the top twenty, so it could only sell for around 2 million yuan.
"Deal!"
Wang Yi agreed, this price was quite fair.
Any less would be unrealistic.
Subsequently, Wang Ziyi and Chairman Cao also bundled and sold Xinli Media's previous movie and TV series copyrights to Wang Yi.
The movies "Under the Hawthorn Tree" and "The Hidden Marriage." The TV series "You Are My Brother."
These were all old dramas and were distributed, not very valuable, collectively costing 500,000 yuan, considered a shareholder's friendship price.
This trip to Xinli Media, Wang Yi gained a lot.
Not only did he acquire all copyrights for "Beijing Love Story", but also had the unexpected surprise of "The Cliff"!
"The Cliff" will be broadcast on January 3rd, just in time to launch Xingyi Video platform with its first exclusive drama, first attracting the affluent middle-aged and elderly demographic.
Then, when "Beijing Love Story" is released on the 8th, it will attract another wave of young users.
Only children make choices, adults, of course, want both.
Wang Yi thought clearly that Xingyi Video's audience should not only be young people, but also include middle-aged groups who have worked for many years and have some savings, and even elderly groups receiving pensions.
Their spending power is quite formidable.
The reason why Huawei in his previous life sold for 5,000 yuan or even tens of thousands and still sold well, was largely due to consumption by middle-aged and elderly groups with good careers.
They don't care about performance issues, don't care about processor manufacturing processes, don't care about benchmark scores, they only care about brand status!
Wang Yi would not give up the 'Jazz Life' market.
Furthermore, spy war dramas are an enduring genre, and even twenty-year-old male university students love to watch them.
The group of people who like spy thrillers is really quite large.
Wang Yi increasingly felt that this market had great potential!
Might as well go all out!
Since one "Empresses in the Palace" had unlimited subsequent revenue and could provide for LeTV employees' retirement.
Similarly, an exclusive broadcast of "The Cliff" could also bring continuous revenue to Xingyi Video.
Of course, one "The Cliff" is no match for "Empresses in the Palace", so what if he gathered all classic spy war dramas?
It would probably earn even more than "Empresses in the Palace"!
Wang Yi made up his mind to buy out all other major spy war dramas and create a spy war theater on Xingyi Video!
By then, users who like to watch spy thrillers would all choose Xingyi Video!
iQIYI in his previous life relied on its Mist Theater suspense dramas to attract a large group of users who enjoyed suspense.
Bilibili, through animation, attracted a large group of users who liked ACG.
Similarly, Wang Yi could also, through the spy war theater, attract users who liked spy thrillers!
Building Xingyi Video into the number one spy thriller platform and even monopolizing the entire spy thriller market!
In this way, users who like spy thrillers would mostly become loyal users of Xingyi Video, or even VIP users.
This was entirely feasible.
Returning to Xingyi Media, Wang Yi immediately called for Ye Changpeng, President of Xingyi Media.
"Chairman, you sent for me!"
"President Ye, please immediately arrange for people to acquire all copyrights for classic spy films. If exclusive broadcast rights can be bought, then buy out the exclusive broadcast rights."
Wang Yi said decisively: "Especially for "Lurk" and "Before Dawn", buy out the permanent exclusive broadcast rights!"
"Also, buy the IP copyrights for "The Red" for me, and we'll film it ourselves next year or the year after!"
"Understood!"
Ye Changpeng quickly replied.
Wang Yi mused internally that the hottest spy films in his previous life were "The Cliff", "Lurk", "Before Dawn", "Kite", "The Red", "The Disguiser"...
The copyrights for "The Cliff" had already been acquired; if he then bought out "Lurk" and "Before Dawn" and other spy war dramas, then Xingyi Video's spy war theater would be complete!
When "The Cliff" is broadcast, they would be launched together to create the number one spy thriller platform, which would naturally attract spy thriller fans and make them VIP members of Xingyi Video.
Then buying the copyrights for "The Red", filming it next year or the year after, taking over from "The Cliff" to sustain the spy war theater, would again attract another wave of spy thriller users!
As for the subsequent "Kite" and "The Disguiser", Wang Yi would write out the outlines and give them to Meiyou's senior writers to be written as novels.
Then they would be given to professional screenwriters to be adapted into screenplays.
Then find experienced directors, invest 70 to 80 million yuan, and just film them!
Such dramas, two per year, would win awards hand over fist.
Not only could they be exclusively broadcast on the Xingyi Video platform, generating significant membership and advertising revenue.
They could also be sold to satellite TV stations at high prices, earning a huge profit.
This genre is highly favored by all major satellite TV stations.
Selling one drama to three or four satellite TV stations and earning 200 million yuan would not be a problem.
Coupled with membership and advertising revenue, a drama earning 400 to 500 million yuan would be a sure thing.
In this way, Xingyi Video would have three core matrices: Urban Drama Theater, Animation Theater, and Spy War Theater!
Using the Urban Love Theater to attract young members.
Using the Animation Theater to attract ACG members.
Using the Spy War Theater to attract middle-aged and elderly members.
Then the number of Xingyi Video members would be stable.
Of course, they would also need to continue developing other areas later, such as historical idol dramas, variety shows, suspense...
One step at a time!
"This matter, handle it as soon as possible. Before the end of the month, get the spy war theater ready!"
"No problem, Chairman, I'll arrange for people to handle it right away."
Ye Changpeng assured him, then changed the subject:
"Oh, right, Chairman, a friend of mine is planning to shoot a movie and hasn't found an investor yet. I wonder if you're interested?"
"What movie?"
Wang Yi's interest was piqued.
Ye Changpeng, a senior executive from Tudou, naturally had good taste; the movie he recommended probably had potential.
"A low-budget comedy. If you have time, I'll have him come over tomorrow and introduce it to you in person!"
"Alright, tomorrow morning then!"
Wang Yi said calmly.
"Great!"
Ye Changpeng beamed with joy.
Walking out of the room, Ye Changpeng quickly dialed his friend's number:
"Old Xu, about your movie, I spoke to Chairman Wang, and Chairman Wang is willing to meet you. Come over tomorrow and prepare well. As long as you impress Chairman Wang, your request for 25 million yuan will not be a problem at all!"
"Okay, thank you, thank you so much!"
Old Xu beamed with joy:
"Changpeng, you've really helped me a great deal, thank you so much. Once this is settled, I'll treat you to Heaven on Earth!"
"Don't bother with all that extravagance, a barbecue meal is fine, what are friends for!"
"Haha, okay, I'll book my flight right away to the Imperial Capital."
Old Xu's joy was evident.
He wanted to make a movie, which required a production cost of 25 million yuan, but unfortunately, as a new director, who would dare to invest that much money in him?
After all, for a major director like Chen Kaige, Xinli Media only invested 40 million yuan in him for one movie.
Old Xu, a new director, wanted 25 million yuan, and capital dared not gamble on him.
In desperation, Old Xu sought investments everywhere and pulled strings everywhere, spent a lot of money, drank a lot of alcohol, but couldn't secure any investment.
It wasn't until he learned that Ye Changpeng had left Tudou, joined Xingyi Media, and become Chairman Wang's right-hand man, that Old Xu saw hope.
He decisively asked Ye Changpeng for an introduction.
For the previous "Love Is Not Blind", not many people were willing to invest, but Chairman Wang directly invested 6 million yuan, and its box office eventually surpassed 800 million yuan.
Now, as long as he could convince Chairman Wang, then his movie would be secure.
Thinking of this, Old Xu was uncontrollably excited and decisively rushed to the airport.
In the afternoon, Wang Yi held a video conference with Meiyou Technology's software development department.
It was about the development progress of X chat.
Such important software, Wang Yi still entrusted to the veterans in Jeju.
Cai Zisong and others had worked all the way to Meiyou 4.0 and could be said to be very experienced and reliable.
The development department at Xingyi Technology in the Imperial Capital might be stronger in terms of capability and have more talent, but many were newly recruited, and without putting them to the test, Wang Yi wouldn't feel at ease.
He still let them work on other software first.
"Old Cai, how is X chat's progress?"
"Chairman, after one and a half months of development, X chat 1.0 is largely complete, and the testing team is currently testing it!"
"Very good!"
Wang Yi beamed with joy, Cai Zisong indeed did not disappoint him.
Currently, Wang Yi's extensive investments in the entertainment industry made BAT believe that Wang Yi's next focus was the entertainment circle, specifically film, television, and music!
But unexpectedly, those were all smoke screens!
Social networking and payments were Wang Yi's true goals!
The goal of a killing blow to BAT!
(End of Chapter)