Chapter 396 600 million

Chapter 396 600 million

Chapter 396 600 million

"Hey!"

When Taopiao.com's recent operating report was disclosed in the financial news, the top managers of ticketing websites such as Maoyan immediately sighed, knowing that they had already failed in the competition before it even began.

Although they can still discover some directors in the country, the Galaxy Group is already a dominant force with strong manpower and sufficient ammunition. Tao Piao.com will definitely not give them more room for development in the future.

Correspondingly, Taopiao.com's Series B financing is naturally more favored by venture capital institutions.

17 billion is the amount of Tao Piao.com's Series B financing, which is also 10% of its valuation. The venture capital institutions have no objection to this price.

Seeing that Tao Piao.com is about to dominate the national movie ticketing market, it will be too late if you don’t get on board now.

This also proves how exaggerated the myth of getting rich quickly in the Internet market is. Compared with Wang Hao and others who worked hard to develop the film industrialization, Tao Piao.com has only been developed for two or three years, and its market value has skyrocketed by several times.

As expected, those who work in industry don’t make money as quickly as those who work in finance.

The madness of the capital market is not only reflected in Taopiao.com. DJI, which Wang Hao invested in, and his Galaxy Pictures are also currently being hotly pursued by the capital market.

Wang Hao is very open-minded and calm about this. He knows that the capital market makes money quickly and as long as the company has a good selling point and good momentum when it goes public, it will be enough to make a lot of money and get rich quickly.

However, capital is greedy and short-sighted. If one indulges in capital operations blindly, one's personal career will often end up in a mess.

Wang Hao is not doing this to make money, but to use the capital market to develop his film and television career. Therefore, capital can be used but one cannot rely too much on this tool.

Especially when it comes to the financing of Galaxy Pictures, he is still very cautious.

He is not like those domestic A-share companies that are only focused on going public and then selling the company. Those investors don’t have to worry about becoming the chairman of the board by speculating in stocks.

Unlike the A round of financing, Galaxy Pictures' B round of financing is mainly aimed at filling in the gaps and building a solid foundation. Money is not what they are interested in.

Therefore, in addition to the three existing companies, namely Huaying Group, Wanda Group and Shenzhen Guotou, several other companies were also brought in to participate in Galaxy Pictures' Series B financing.

"Director Wang!"

Still in the private room on the 8th floor of the Chang'an Club, there were Wang Hao from Galaxy Group, a man with the air of an elite sea turtle who has now been promoted to deputy general manager of the investment department of Wanda Group, Zeng Yingrui, Li Hua, deputy general manager of Huaying Group, and Zhang Ziming of Shenzhen International Investment Group.

These people were still sipping their tea calmly as they were last time, the only difference was that there were a few more people present.

There were four people who spoke up and greeted Wang Hao. They were Zhou Xiao from Sequoia Capital's Beijing branch, Ono Taiji, general manager of the investment department of Sony Corporation of Japan, Xu Peng from Magic Shadow Group of Shanghai, and Feng Le from the internet company Baidu Group.

"Welcome everyone!"

Wang Hao smiled and shook hands with the four of them, then introduced them to the other three.

Among these four new investors, Sequoia Capital and Sony Group have overseas backgrounds and can help Galaxy Group expand its overseas market in the future and avoid many unnecessary troubles.

The Guoying Group in Shanghai is the second largest state-owned film and television group in China after the Huaying Group. It has considerable strength in the southern region. The Galaxy Group is about to establish a branch base [Eastern Galaxy Film City] in the Hangzhou Bay New Area, which happens to be the sphere of influence of the Magic Film Group.

With their support, Galaxy Group's development in the south will be much smoother.

As for Baidu, the overall situation of domestic Internet companies is almost settled now. Tencent, Alibaba and Baidu are the three major players and have basically formed their own spheres of influence.

The future is the Internet era, and Galaxy Group’s film and television business must inevitably be linked to the Internet.

Now if Galaxy Group wants to intervene and develop new business, it is not easy and will also require great pressure.

Therefore, when their TikTok system has not yet gained popularity, cooperating with an Internet company may not be a bad choice, but who to cooperate with is naturally a matter of some importance.

There is a strategy in military books called "using the weak to defeat the strong". Wang Hao came from later times, so naturally he had better vision than people today.

According to his memories of his previous life, among the three Internet giants, Tencent, Alibaba and Baidu, Tencent undoubtedly has the strongest development momentum.

In the future, with its own strategic transformation, it will also become a leader among domestic Internet companies.

In contrast, Alibaba Group has been trapped in its own traffic paradox, with its size becoming increasingly bloated and its internal management becoming increasingly chaotic.

As for Baidu, it has fallen out of the first echelon and will be overtaken by ByteDance in the near future.

So excluding Tencent, which has the best future development, and Alibaba, which likes to meddle, Baidu is undoubtedly the better choice at this stage.

At least Baidu still has Kiwi Films, and its own search business is of great help to Galaxy Group.

Of course, there will be competition between Galaxy Group and Baidu in some business areas in the future. The two parties will not become harmonious because of this investment. To be honest, this is just a business investment.

Of course, even if it was just an investment event, it was extremely shocking news in the entire entertainment industry.

"It's clear why everyone is here this time. I'm short on time, so I won't beat around the bush. Let's just get the facts straight."

Wang Hao and the others sat down and spoke directly without any hesitation.

"In this new round of financing, our Galaxy Pictures will release another 10% of its shares for 60 billion Chinese Yuan. We can discuss how much each of you will get."

As soon as Wang Hao said this, some of the people present remained calm, while others looked surprised.

Because the financing valuation of Galaxy Pictures this time is as high as 600 billion.

600 billion! That’s 600 billion! And it’s just the Series B valuation.

You should know that the current market value of Huayi Group is less than 400 billion yuan. Wang Hao directly set the valuation of Galaxy Pictures at 600 billion yuan, which is really bold and confident.

Fortunately, everyone present here has seen the world, and although 600 billion is a large amount, it cannot be called a sky-high price.

After all, Galaxy Pictures itself does have some value. Not to mention the [Galaxy Cinematic Universe] project on hand, just with the skyrocketing real estate industry in Shangjing City, the real estate business under the name of Galaxy Group, that is, [Eastern Galaxy Cinema Metropolis] and the surrounding large piece of land, its own value is not low.

And according to what Wang Hao said when facing the news media, this [Oriental Galaxy Movie Metropolis] will be expanded into an amusement park and resort in the future to develop tourism business. This is aimed at Universal Studios and Disneyland in Hollywood.

According to the information they received from special channels, Universal Studios' project in Shangjing has completely failed, and Galaxy Group's [Eastern Galaxy Cinema Metropolis] will have no competitors in the future.

As long as Wang Hao's movies are successful for two or three more times, the construction of the amusement park will probably begin.

Therefore, the investment prospects of Galaxy Pictures are still very bright.

However, even though it was clear, business was not that straightforward, and bargaining was necessary. Although they could make a decision on a 60 billion project, if they did not bargain, wouldn't it make them look incompetent?

However, Wang Hao seemed to have anticipated this and behaved exceptionally tough.

"You know, I'm not begging you for anything.

The land price of [Oriental Galaxy Cinema] has skyrocketed. With the current momentum of the real estate market, Mr. Zeng of Wanda Group should know best how easy it is to conduct market capital operations through land finance. The support we have received from both banks and the Shangjing Municipal Government is not small.

Galaxy Group is currently operating in good condition with ample cash flow. All projects on hand are running very smoothly, and profit margins are increasing every quarter.

It’s just 60 billion, we don’t have to raise this amount of money.

The reason why I have asked you all to come here today is to seek resource integration and expand the company's influence so that the company's future listing scale will look better.

So everyone should think about it carefully. This is not us at Galaxy Group begging you, but giving you an opportunity, an opportunity for common prosperity.

600 billion, no need to talk anymore! "

Wang Hao's tone was full of unquestionable meaning. Only the representatives of Sequoia Capital and Baidu Group were silent for a while. In the end, no one doubted Wang Hao's 600 billion.

Because they know that what Wang Hao said is not wrong, the current operating condition of Galaxy Group is indeed good, and there are a lot of people outside waving money waiting to invest in Galaxy Pictures, so as to get a share of the future listing process.

Therefore, this financing negotiation went extremely smoothly. In just half a cup of tea, the invited companies had already divided up the 60 billion investment quota.

Not long after, when this news appeared in the financial news, everyone in the domestic film, television and entertainment circles went crazy.

Although they also know that the capital market has invaded the entertainment industry, causing the entire entertainment industry to expand.

But the expansion speed of the Galaxy Group is too fast. Could it be that they are about to see a hundreds of billions-scale China Entertainment Film and Television Group appear in front of them?

After all, at this rate, it seems a foregone conclusion that Galaxy Pictures’ market value will exceed 100 billion yuan when it goes public.

When we think about the overall increase in box office during this year's Spring Festival prime time, the prosperity of the mainland Chinese entertainment market seems to be just around the corner.

There is a lot of room for development in the entertainment industry!
We also want to raise funds and go public!

These two thoughts have almost come to the minds of many practitioners in the domestic financial capital, film, television and entertainment circles.

Compared with the Chinese entertainment industry in the previous life, the emergence of Galaxy Group in this life has already had a significant impact on the mainland's film and television entertainment market.

This influence can be both good and bad.

Although their existence itself has enhanced the strength of the domestic film and entertainment industry, it has also prompted the domestic film and television industry to enter an unusually prosperous stage earlier.

Nowadays, with the success of the Galaxy Cinematic Universe, many people have begun to compare the Galaxy Group with Hollywood's Disney.

Although many people still think that this comparison is a bit exaggerated, everyone has to admit the commercial value of the Galaxy Cinematic Universe and its own strength.

What's more, Galaxy Group has more than just the Galaxy Cinematic Universe as its bargaining chip. The financing from DJI and Tao Piao.com has already put Galaxy Group in the forefront.

Coupled with the 600 billion valuation of Galaxy Pictures, Galaxy Group has become a force that cannot be underestimated in China.

This power is not only limited to the film and television industry, but is beginning to spread to other fields as its scale expands.

With the powerful influence of Galaxy Group, the capital market has been increasingly eager to pour into the mainland's film, television and entertainment circles.

Perhaps it is difficult for those smaller capital groups to get on board the Galaxy Group’s carriage, but the Galaxy Group is not the only film and television entertainment company in the domestic entertainment industry.

This has created a strange phenomenon: Mingming Star River Group is growing rapidly, dealing a crushing blow to other private film, television and entertainment companies; however, the scale of other film and television companies has actually increased under this blow.

For example, Alibaba has increased its investment in Huayi Group. Originally, Alibaba's Ma was supposed to sell some of its shares in Huayi Group this year, but now it seems that he will not do so.

In addition, Guangguang, Bona and some Hong Kong film and television companies have also been favored by capital. Internet upstarts such as Tencent, Baidu, and Alibaba have begun to take action and try to integrate resources.

Even some big-name actors and director studios have become popular.

The mainland film, television and entertainment market in 2013 was even hotter than in Wang Hao's previous life.

More large investments and major projects have also begun to be launched and prepared.

"Iceman" series, "Journey to the West" series, "The Man from Macau" series, "Monster Hunt" series...

Movie universe has become a hot word in the current mainland film, television and entertainment circles.

Many works that were originally just in the process of filming and production have begun to hint at building a movie universe.

Wang Hao didn't care about this at all.

Of course he knew that the increasingly prosperous mainland entertainment market would not be grateful to him as a time traveler who brought influence. After all, those people didn't know what the mainland entertainment would be like without him.

However, what he did was not to gain the gratitude of these people in the domestic entertainment industry.

When he chose science fiction as the subject of the film genre from the very beginning, he already had a clear goal, which was to strive for the development of China's film industry system and the future of science fiction films.

No matter how many difficulties or how chaotic the outside world is, it cannot affect him.

Time passed and it was April amid the turmoil brought about by Galaxy Pictures' financing.

There are no hit blockbusters released during this off-season for movies, but the emergence of "Drug War" still surprised and intrigued many people working in the mainland entertainment industry.

It’s not because the story of the movie is so exciting, but because the scale of this movie directed by Johnnie To is really beyond everyone’s expectations.

The good reputation brought by the movie and Johnnie To's identity as a Hong Kong director can be regarded as a little injection of stimulant into the increasingly declining Hong Kong circle.

At least from the looks of it, there are still some Hong Kong directors who can gain a foothold in the mainland.

It was also this month that the early preparations for Wang Hao’s new film "Wolf Warrior 2" entered a new stage.

(End of this chapter)