My capital is quite large.
Chapter 31 Frequent Good News
In the dead of night in Shenzhen, the lights were still on in the president's office of Haofeng Networks.
Li Feng stood in front of the floor-to-ceiling window, overlooking the city that never sleeps.
The cell phone on the table suddenly vibrated violently, and the screen displayed a long-distance number from Los Angeles, USA, across the ocean.
Li Feng's eyes narrowed, and he quickly pressed the answer button.
"Mr. Li! We've got it! We've got it completely!"
As soon as the call connected, I heard the excited, even slightly distorted, roar of the technical director, Lao Chen, on the other end. In the background, I could also faintly hear the cheers of Americans opening champagne.
"To be more specific, are any of the penguin's people present?" A cold smile curled at the corner of Li Feng's lips.
"Here! Where are you?!"
Old Chen swallowed hard on the other end of the phone, his tone filled with the fervor and exhilaration of crushing the competition with capital:
"When our team arrived at Riot Games' headquarters in Los Angeles, representatives from Tencent's overseas investment department were in the conference room arguing with their two founders!"
"Those guys at Tencent are really shrewd. They're taking advantage of Riot Games' current cash flow problems and inability to even pay server bandwidth fees, and they've been relentlessly driving down prices."
I got in touch with their insider and found out that Tencent's maximum authorized budget this time will definitely not exceed 18 million US dollars, and they just want to acquire a controlling stake.
"And then?" Li Feng asked casually.
"Then, as you instructed, I slammed the letter of intent for a full acquisition of twenty million US dollars in cash on the table!"
Old Chen became more and more agitated as he spoke, "Mr. Li, you didn't see the look on the face of that Penguin representative at the time. It was as if he had swallowed a dead fly! They didn't even have a chance to consult headquarters. When the two founders of Riot Games saw the $20 million cash commitment, they went crazy on the spot, immediately asked the Penguin people to leave, and dragged us to sign the legal contract for the full acquisition!"
"Well done, Old Chen."
Li Feng exhaled a long breath, feeling as if a stone that had been weighing on his heart for the past two lifetimes had been shattered at this moment.
Twenty million US dollars.
In 2008, on the other side of the ocean, I bought a small studio that was on the verge of bankruptcy.
Penguin's representatives probably just feel regretful now, thinking they missed out on a pretty good overseas investment project.
But only Li Feng, who was reborn, knew that the $20 million contract he had just signed had directly severed the most vital artery of Tencent Games' empire for the next ten years!
Without the support of the global phenomenon of the PC game "League of Legends", Tencent's future foundation will be completely exposed to the firepower of Haofeng Network!
"Stay in Los Angeles, get the legal handover done, and immediately begin migrating the underlying architecture of the League of Legends Asian servers to China." Li Feng decisively issued the follow-up instructions.
After hanging up the phone, Li Feng turned and returned to his desk.
Before he could even pour himself a glass of water to moisten his throat, there was a knock on the office door, and Lao Han, the director of the film and television department, walked in with a radiant face.
"Mr. Li! Good news!"
Old Han handed a signed contract to Li Feng, saying, "We've got the script for 'Dwelling Narrowness'! Director Teng Huatao and screenwriter Liu Liu were so excited when they heard we were willing to fully fund it without even cutting the budget that they signed the contract overnight! The exclusive online broadcasting rights and overseas distribution rights for this drama will all permanently belong to Haofeng Network, in black and white!"
"Great! That's wonderful!"
Li Feng burst into laughter, a rare occurrence, and patted Lao Han's shoulder forcefully.
In western Los Angeles, the foundation for the penguins' future for the next decade has been laid.
In the east, they captured the world's most phenomenal drama, which caused a nationwide uproar.
Double happiness!
The content moat of streaming video platforms has already been fortified with its most solid foundation.
But Li Feng's ambitions go far beyond that.
If a company wants to stand out in the future three-way battle between Tudou, Youku, and iQiyi, a single realistic drama like "Dwelling Narrowness" is not enough.
From 2008 to 2015, the number of Chinese netizens experienced explosive growth, and what attracted young netizens the most was always costume fantasy idol dramas!
Li Feng's mind raced, his gaze settling on Tangren Media, the absolute leader in domestic fantasy dramas!
Coincidentally, Tangren Media's big-budget production, "Chinese Paladin 3," is currently being filmed in Hengdian, Zhejiang.
"Old Han, get me contacted Mr. Cai from Tangren Media right away."
Li Feng's eyes sharpened, and he made a decision immediately: "Tell them that the big boss of Haofeng Network wants to personally visit the set of 'Chinese Paladin 3' in Hengdian to discuss a big business deal with her."
Old Han was taken aback for a moment: "President Li, you want to invest in 'Chinese Paladin 3'? But as far as I know, the project is already fully funded. Tangren Media is counting on it to make a fortune. If we want to get involved and get a share of the profits at this time, I'm afraid President Cai won't agree."
"Who said I was going to invest in the television broadcasting rights for a TV series?"
Li Feng's lips curled into a shrewd smile. "Let Tangren Media earn the ratings and fees from traditional TV stations. What I want to buy are the permanent exclusive online broadcasting rights for 'Chinese Paladin 1,' 'The Little Fairy,' and the currently filming 'Chinese Paladin 3'!"
"Online copyright?"
Old Han stared wide-eyed, somewhat unable to comprehend.
In the film and television industry in 2008, the so-called online copyright was nothing but a worthless, unwanted lump sum!
Nowadays, video websites are full of poorly made pirated clips, and netizens have long been used to getting things for free.
TV stations often spend hundreds of thousands or even millions of yuan per episode to buy the first-run broadcast rights for a TV series.
Video websites typically pay only a few thousand yuan per episode for online copyrights, and some even treat it as free online promotion for the production team!
Why spend a lot of money to buy something that nobody values?
"Stop talking nonsense, you wouldn't understand the tears of a bygone era."
Li Feng was too lazy to explain how fierce the future wave of copyright protection and the exclusive copyright war would be.
After 2015, the exclusive online rights to a hit TV series could fetch millions or even tens of millions of yuan per episode! Buying it now is like buying pure gold bars for a pittance!
Moreover, Li Feng went to the "Chinese Paladin 3" production team not only to buy exclusive rights, but also for another personal matter.
He hadn't forgotten that of the three artists he bought back from Li Shaohong for 20 million, Yang Yang and Li Xin had already been shining brightly in the "Meteor Shower" crew.
The only exception is Yang Mi, who is still holed up in the "Chinese Paladin 3" crew of Tangren Media, using the excuse of not having time to come and not even show up. It's obvious that she's playing the ostrich tactic of paying lip service to her new boss.
Since she's not showing up, I, as her boss, will personally go to the film set to "visit" this future top star in the Chinese entertainment industry!
"Xinyu." Li Feng pressed the call bell on his desk.
Dressed in a business suit, Zhang Xinyu immediately pushed open the door and entered: "Boss, what are your orders?"
"Book the earliest flight to Yiwu tomorrow, and arrange a car. Come with me to Hengdian, to the set of 'Chinese Paladin 3'."
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