togophonebook Chapter 268 08 Summary 2
Chapter 268 08 Summary 2
"In the first year after Dawn Music Production Company became an independent company, in addition to maintaining the ringtone business, we mainly did three things."
"First, digital music production and distribution."
The original songs by contestants of "The Voice of China" have accumulated over 10 billion plays across major music platforms, and digital album sales have exceeded 8000 million yuan.
"Second, music copyright operation."
Currently, the company owns 117 independently copyrighted songs and represents over 1200 copyrighted songs, generating annual copyright revenue of 4200 million yuan.
Third, artist management and live performances.
Zhang Liangying's national tour consisted of 10 shows, with an average attendance rate of 85% and a total box office of 6200 million yuan.
Other artists' combined revenue from offline performances and commercial activities amounted to 3100 million.
"As for the revenue sharing from the ringback tone business, it reached 8.7 million this year."
He closed the file and looked up.
"The music company's total revenue in 2008 was RMB 10.85 billion, and its net profit was RMB 9.48 million."
Applause erupted again.
Fu Yibai looked at Chen Mo, and the corners of his mouth curved slightly.
"It was the right thing for the music company to become independent."
Digital music is the future, and you're on the right track.
"Mr. Fu pointed out the right direction."
Chen Mo sat down with a smile.
Xu Liang then stood up and cleared his throat.
"President Fu, everyone, I'd like to report on the situation at Galaxy Cinemas."
He flipped open the thick stack of reports in front of him, his tone tinged with pride.
As of December 2008, Galaxy Cinemas had 105 cinemas and approximately 1000 screens, with a market share of 15.3%.
Total box office revenue for the year was RMB 30.75 billion, a year-on-year increase of 67%.
Net profit was 7.43 million.
"We plan to add 15 to 20 new cinemas next year, focusing on cities below the third tier."
The chair creaked slightly as he sat down.
Fu Yibai nodded.
Wu Zhen then stood up.
"General Manager Fu, everyone, I'd like to report on the situation in the distribution department."
He speaks very quickly, like a machine gun.
In 2008, the distribution department released a total of 15 films, of which Dawn was the main investor in 5 films and the agent for the distribution of 10 films, with a market share of 18.7%.
Total revenue was 5.3 million RMB.
"Regarding overseas distribution, 'Gravity' is handled globally by Franchise Pictures, while domestic distribution is jointly managed by us and China Film Group."
The distribution rights for "The Witch" in Southeast Asia, Japan, and South Korea have been sold, generating a total of $2700 million.
"Next year, we plan to increase our efforts to expand overseas distribution channels, especially in the Southeast Asian market."
He sat down, picked up his water glass, and drank it in large gulps.
When Li Mingde stood up, the chair leg scraped against the carpet, making a slight thud.
"President Fu, everyone, I'd like to report on the situation with Nebula Video."
His voice was a little hoarse, but he had a strong voice.
"As of December 2008, Nebula Video's monthly active users exceeded 60 million, and its paid members exceeded 5 million, representing a year-on-year increase of 150%."
"In terms of content, 12 exclusive dramas, 4 exclusive variety shows, and 8 exclusive movies were launched throughout the year."
Of these, "The Voice of China" and "Go Fighting!" contributed over 40% of the new members.
"In terms of technology, we have completed the second round of CDN node expansion, which has improved smoothness by 30%."
The recommendation algorithm is also continuously being optimized, and the average viewing time for users has increased from 42 minutes to 58 minutes.
"Total revenue in 2008 was 4.2 million RMB, with a net loss of 1.1 million RMB."
There was a moment of silence in the conference room.
Fu Yibai leaned back in his chair and tapped his fingers lightly on the table.
"The loss was within expectations."
Video websites are currently in a land-grabbing phase, with membership growth and content investment being the top priorities.
Continue in this direction.
"clear."
Li Mingde sat down and visibly breathed a sigh of relief.
Liu Yongqiang stood up and opened the documents in front of him.
"President Fu, everyone, I'd like to report on the situation at Xingmeng Digital Entertainment."
His voice was filled with barely suppressed laughter.
"Regarding the gaming business—'Three Kingdoms Kill' achieved a net profit of 4.2 million RMB for the year, representing a year-on-year increase of 13.5%."
After one year of open beta, League of Legends has surpassed 3000 million registered users, with a peak concurrent user count consistently around 120 million. Its annual revenue reached 8.6 million RMB, and its net profit was 3.1 million RMB.
A low gasp of surprise rippled through the conference room.
A game that has only been in open beta for a year has achieved a net profit of over 3 million yuan, a figure that has exceeded everyone's expectations.
"The PlayerUnknown's Battlegrounds (PUBG) project is under development. The technical team has overcome the core technical difficulties of real-time 100-player battles on a large map, and it is expected to enter the testing phase in 2010."
He paused, his tone becoming even more excited.
"In terms of esports, the total number of viewers for the first season of League of Legends exceeded 2 million, and the number of simultaneous online viewers for the finals exceeded 500 million."
We have already signed live streaming cooperation agreements with Tencent and Sina, and next year's event will be even larger in scale.
Fu Yibai nodded.
"We need to continue to develop esports."
The future scale of the esports industry will exceed most people's imagination.
"clear."
Liu Yongqiang sat down.