The Peninsula chaebol started by rescuing Samsung's little princess.

"This year, thanks to the expansion of its subsidiaries in the Chinese market, the company's overall profit has increased by 150% compared to 2013!"

Among them, Cub, LN, Starship, and CCM all saw their growth more than double!

Currently, compared to the revenue of the three major entertainment companies, Cub ranks second, CCM fourth, P fifth, FNC sixth, Starship eighth, LN ninth, and Pl tenth!

In Li Haorong's office, nearing the end of the year, Jin Chiyou was giving a report.

This year has been a very successful one for Venus Entertainment.

Especially after Taa achieved great success in China, the company made a major foray into China, which greatly increased their income.

With its numerous popular groups such as Bat, 4Mnut, APnk, BTB, and Tubl Mak, Cub achieved great success in China, Japan, and South Korea. In 2014, its total revenue reached 1800 billion won, surpassing Y Entertainment's 1500 billion won and ranking second.

M, ranked first, also benefited from the Chinese market, with its total revenue reaching a record 2800 billion won this year.

CCM made a fortune in China in the first half of the year thanks to Taa, and its comeback in the second half of the year led to a resurgence in popularity in Korea, Japan, and other regions, resulting in a total revenue of over 1000 billion Korean won in 2014. It can truly be said that one group supported an entire company.

In addition, although the revenue of Kaa and ANB of P Company declined, the numerous groups launched by the company's various subsidiaries still produced many excellent groups such as nfnt, Cayn Pp (Crayon Group), and MAMAM, which boosted the company's revenue to 800 billion won.

FNC, with the addition of groups such as FTLAN, CNBLU, AA, and N.Flyn, as well as artists like Yoo Jae-suk and Jung Hyung-don, achieved a total revenue of 607 million won.

JYP Entertainment, once one of the three major entertainment companies, has seen its revenue continue to languish, amounting to only 480 billion won, failing to even rank among the top five.

The main reason JYP has become like this is due to internal strife within the company.

Although Lee Ho-young has joined the company, Park Jin-young is unwilling to admit defeat. With Hye-ja's support, he has been repeatedly fighting with Lee Ho-young for control of the company for the past two years.

It wasn't until Keiko's downfall that his defeat was definitively declared!

However, years of internal strife have caused JYP to decline considerably, to the point that many media outlets are now promoting the so-called "new Big Three" entertainment companies, namely M, Y and Cub.

In addition, the revenue of the top ten entertainment companies in the peninsula shows just how booming Venus Entertainment is right now.

Among the top ten entertainment companies, Venus Entertainment occupies seven spots.

Once JYP is officially acquired, starting next year, Venus Entertainment will have eight seats, and Venus Entertainment will also have shares in M ​​and Y, which it does not control.

If this isn't a monopoly, then Li Haorong doesn't even know what a monopoly is!

"Hmm, not bad. Starting next year, let's temporarily halt all acquisition projects!"

After reviewing the financial report, Li Haorong nodded in satisfaction and then said...

"Pause? The company is doing well right now, and we have plenty of cash on hand. Shouldn't we increase our acquisition efforts?"

"If we keep taking from them, will there be any small entertainment companies left on the peninsula? Leave them some way to survive; we need to achieve sustainability and avoid exploiting them to the point of exhaustion!"

Upon hearing Li Haorong's words, Jin Chiyou rolled her eyes inwardly.

If we're draining the pond to catch all the fish, how can we expect sustainability?

However, she also understood Li Haorong's meaning, which was to let these small companies that had not yet taken off should be given a break.

After all, the company has a lot of money, but only so many resources and a limited market. Supporting another company means that the others will have to take less of a share!

The internal conflicts within the company are already quite deep, and if this continues, the competition will only become more and more intense!

Of course, Li Haorong's considerations went far beyond this.

With Attorney Moon taking office, cracking down on conglomerates and monopolies is about to be put on the agenda. At this time, to go against the wind and commit crimes would be a disrespect to the new president and would easily give other conglomerates a handle to use against him!

"I understand! Now that I have plenty of funds, where should I invest next?"

"I previously asked you to work on a streaming project with Mars Video. What stage is it at now?"

The so-called streaming project is a new model launched by Lee Ho-yong, modeled after Netflix, that is poised to change the entire production model of Al Jazeera television.

These dramas no longer adopt the traditional model of filming and broadcasting Korean dramas on television. Instead, they are filmed all at once and then watched all at once by purchasing a membership on Mars Video.

The advantage of doing this is that flexible content updates and broadcasting models are more in line with the needs of the audience in the information age.

The original TV series, which was only a dozen or twenty episodes long, took viewers two or three months to finish watching, a process that caused them great distress.

Previously, they had no choice but to watch TV every week.

However, in the information age, they have too many products to pass the time, so their attention naturally drops significantly.

In addition, Netflix officially started this model in 2013 with the filming of "House of Cards," and Mars Video was only half a year later.

Both companies started at the same time!

Relying on the Peninsula's film and television production capabilities, Li Haorong dares not say that Mars Video will defeat Netflix globally, but he is very confident that it can compete on equal footing!

"Very good. After a year of development, we have launched several TV series such as 'My Love from the Star,' 'Misaeng,' and 'Pinocchio,' attracting 2000 million members and generating $1500 million in revenue..."

As the pioneering work of the Mars Streaming Project, "My Love from the Star" has not only become incredibly popular throughout Asia, but has also gained a large following in South America, the Middle East, and Southern Europe.

It can be said that although KPP has begun to go global, it is still a niche culture in these countries.

However, TV dramas are naturally more widely disseminated than web pages. The appearance of such a TV drama directly brought Mars Video tens of millions more members in these countries.

Following the success of "My Love from the Star," Mars Video and Venus Entertainment subsequently launched several more hit dramas, making Mars Video the undisputed streaming leader in Asia.

Netflix's TV series are well-made, but most of them are dark, gritty, and cruel, which are inherently unfavorable for dissemination.

In contrast, Mars Video still adopts the classic Korean drama format for romance dramas. Although these dramas are mindless, they naturally have a wider reach from a dissemination perspective.

Why were Chinese TV dramas able to surpass Korean dramas in Southeast Asia and other regions?

On the one hand, it is due to the improvement of China's economic strength. On the other hand, it is also because Korean dramas, in order to cater to the European and American markets, have abandoned their traditions and produce a lot of melancholic and tragic dramas every day, resulting in the loss of many Asian viewers.

"Since the results are good, then continue to increase investment; this will be the focus of Venus Entertainment's work going forward!"

"Yes……"

Jin Chiyou's reply was not as quick as her previous ones.

The reason is simple: under this model, Venus Entertainment could easily become an appendage of Mars Video.

With all the distribution channels controlled by Mars Video, the power in one's own hands has been greatly reduced.

Li Haorong naturally knew what Jin Chiyou was thinking, but he didn't care at all.

After all, these companies all belong to him, so does it matter who is in whose hands?

The important thing is to achieve his goal!

If his streaming project succeeds, he will become the sugar daddy of all the entertainment industry and filmmakers on the peninsula, and they will all depend on him.

"Is there anything else?"

"Yes!" Jin Chiyou snapped out of her daze and quickly pulled out another document, saying:

"Currently, Venus Entertainment's cinema investments in China have expanded to 28 cinemas, and this number is expected to exceed 50 next year..."

Prior to 2019, Huaxia had very strict regulations on foreign investment in cinema chains, and foreign investors were not allowed to invest in cinema chain business or film import business.

Of course, there are always countermeasures from above and policies from below, and foreign investment had other methods during this period.

One option is to form a joint venture with a local film investment company, with the Chinese company holding a controlling stake in the cinema.

However, doing so reduces the autonomy of foreign investors, and few people generally attempt it.

Another option is to go around Hong Kong and skirt the edges of policy.

Because mainland cinemas are open to Hong Kong investment, some foreign investors are circumventing the rules by registering companies in Hong Kong and then using their Hong Kong investment status to enter the mainland market.

For example, CJ Group's CV Cinema entered China as early as 2006.

They first established a joint venture with Shanghai Film Group, and then acquired the company in Hong Kong in 2010. Currently, the controlling shareholder of CV's more than 40 branches in China is "Nikkatsu Enterprises Limited", which is registered in Hong Kong.

Venus Entertainment is also using this method. Their MAB Cinemas has also registered a company in Hong Kong Island, using its identity to expand rapidly in China!

"Very good. When expanding, be sure to integrate with real estate development and acquire as much land as possible!"

Li Haorong wasn't really interested in how much money cinemas could make in China, after all, how much could there be in the entertainment industry?

But using the cinema chain's name to do real estate business shows he not only has the guts, but he's incredibly daring.

The real estate industry in China is about to enter its most frenzied phase. Although I entered the market late, I can still get a share of the profits.

Once the entire industry reaches its peak around 2018 or 2019, it can be easily sold off.

As for those who would take over the losses, back then, they were everywhere in China. Not to mention, a certain major power was still expanding like crazy!

Jin Chiyou reported quite a lot today, mainly because with Jin Xing Entertainment's dominance of the entertainment industry, it has entered the next stage!

The entertainment industry itself doesn't generate much revenue, but the other industries that extend from it are all gold mines.

It can be said that Venus Entertainment is like a god-level assistant, bringing a continuous stream of profits to other companies in its group!

Just as the two were discussing their next steps, Li Haorong's phone suddenly rang.

"Hello, Director Yin, what's the matter?"

With Attorney Moon taking office, Yoon Shin-jung, who had been suppressed, finally turned the tables. This month, he was promoted to the position of Chief Prosecutor of the Seoul Central District Prosecutors' Office and was put back in charge of investigating the "National Intelligence Service interference case".

"President Li, I have some information here that I think you would find very interesting!"

Yin Shenqing's respectful voice came from the other end of the phone.

Despite being the head of the Seoul Prosecutor's Office, Yoon Shin-jung remained extremely respectful towards Lee Ho-young.

This is because the higher he climbs, the deeper his understanding of Li Haorong's strength becomes; Li Haorong is definitely a man he can't afford to offend!

"What is it?"

"This morning, the Seoul Police Department received a call reporting that several celebrities had been sexually assaulted in Hong Kong, and one of them was linked to your Golden Star Entertainment..."

Upon hearing this news, Li Haorong frowned slightly.