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Chapter 468 Industry Rectification(1/2)

 The back-to-school season is here, and the summer vacation is completely over.

"I'm Not the God of Medicine" finally grossed an astonishing 3.134 billion at the box office, composing a great song about realistic medical themes in Chinese-language movies.

During this period, the drug regulatory authorities struck hard at Laihua Pharmaceutical and several other major international pharmaceutical companies, with cumulative fines reaching tens of billions!

The huge momentum gave the Chinese people and thousands of patients with special diseases the hope of taking cheap medicines.

It won’t be long before special medicines are included in medical insurance!

At the same time, the General Administration interviewed Land Video, Tengxun Video, iQiyi Video, Youku Video, LeTV Video, the newly launched Mango Video, as well as eight video companies including Wasu, Bestcom, Mango TV, TV, and CBN.

Video tv license party.

The cooperation between all domestic video platforms and TV licensees was urgently stopped, and a major rectification of the video industry began.

Tudou, Tencent, Youku, iQiyi, LeTV, Mango, etc.

More than a dozen video websites, large and small, have all received rectification notices, removed them from the shelves, and disconnected their TV clients.

Pirated TV boxes have been removed, TV series and variety shows have been removed from the shelves, TV stations cannot be watched online, and video websites cannot be watched on home smart TVs.

The double blow online and offline has made everyone in the video industry feel in danger.

On the Internet, a large number of netizens came out to express their dissatisfaction and asked what the General Administration wanted to do.

The traffic of major movie forums and small pirated film and television websites suddenly surged, and countless posts asking for film sources and seeds were posted every day.

There is no way, since the rise of Internet video platforms and the spread of 4G smart phones across the country, hundreds of millions of young people have gained happiness through the palm-sized screen of their mobile phones.

With the five major video websites, Tudou, Youku, Tengxun, iQiyi, and LeTV, everyone can watch whatever drama they want, and as a member, you don’t have to endure a lot of advertisements on the TV.

Now that the General Administration has suddenly taken action, I will no longer be able to watch dramas in the future. Who wouldn’t scold me!

This move by the General Administration expresses two meanings!

First: Video platforms are resolutely not allowed to cooperate with TV licensees, and video platforms are not allowed to impact the radio and television market with TV licensees in the form of program service platforms and channel platforms.

Second: Even if you have a TV license, it won’t work. TV licenses are issued by the General Administration, and the old man didn’t say anything. What do you want to do?

Usurping power and seizing class?

It is even worse without the authorization of a TV license. In the name of combating piracy, the General Administration not only requires video platforms to remove programs and film sources, but also imposes penalties.

Among the five major platforms, Tengxun, iQiyi, Youku, and LeTV were all robbed.

The share prices of two major video websites, Youku and LeTV, plunged 26%, and their total market value suddenly fell below a record low.

Tudou Video escaped the disaster because it was the first to obtain the authorization from Oriental Pearl New Media's Best TV. The General Administration only stopped the cooperation between the two parties and disconnected the platform from offline home intelligence.

Movies, TV dramas and variety shows produced by Oriental Pearl New Media's business can still be played on Tudou Video.

Tudou's stock price experienced a brief upsurge, and then went backwards, breaking through the 40 billion mark in just a few days.

Becoming the only platform in the video industry that has benefited from this rectification.

Wang Wei, Tudou's vice director and CEO, has been smiling crookedly these days. He has called Fang Ziheng several times to talk about Tudou's future development, and his high-spirited demeanor no longer has the decadence of the marriage.

According to the latest situation, the total market value of Tudou Video has surpassed Youku, which is listed on Nakodas, and has become the number one Chinese video website.

If this turmoil lasts longer, Tudou is likely to hit a new high and become the first video website with a market value of 50 billion.

In addition to Tudou, Mango Video, which was just established, is also safe and sound. In June this year, the other party obtained the eighth license, Mango TV, and Mango Video mainly have the same name. Naturally, the General Administration will not deal with the following son.

In the duplex building.

Fang Ziheng and Lin Feifei were sitting on the sofa in the living room, chatting about this matter while eating fruit.

He looked at Sister Lin with a proud look on his face and said with a smile: "Look, I said that getting the TV license early is the way to go. The 5 billion invested in Oriental Pearl New Media has been recovered just by the recent increase in the share price of Tudou Video."

More than half of it.”

"Okay, I know you are great. Oriental Pearl New Media will be re-listed soon, right?"

Lin Feifei gave him a charming look and put a purple-black grape into his mouth.

"It's coming soon, October, on the same day as Alibaba Pictures."

Fang Ziheng rolled his tongue, smashed it into his mouth twice, spit out the grape seeds and nodded.

Oriental Pearl New Media's current total valuation exceeds 100 billion, and it will be listed in Shanghai. The listing will continue to rise.

In the previous life, Oriental Pearl New Media Group reached a height of 150 billion at the end of this year and reached its peak in 2017, with a total market value of 230 billion.

Since then, it has been developing steadily, cooperating with Moying, Alibaba Pictures, Huace, and Huayi film and television groups, and firmly occupying the top position in the domestic media field and the Magic City entertainment industry.

It was not until 2020, when the industry's cold winter arrived, that Oriental Pearl New Media's stock price plummeted. Like many film and television companies and media companies, it has entered a period of reverse gearing.

In three years, the total market value fell from 230 billion to 50 billion, making it one of the major groups that suffered the most serious damage to Chinese media stocks.

In this life, it is difficult to judge what the future will be like.

Hengyu has invested 5 billion, accounting for 6% of the shares, and is the third largest shareholder. Judging from the current valuation alone, it has already made a lot of money.

Fang Ziheng is watching, and even if the future does enter a cold winter for the industry like the previous life, Hengyu can retreat in time and get the cash back.

Concubine Lin sent over another grape and asked softly: "Zi Heng, what do you think is the purpose of the General Administration's move this time? Can we still develop family TV boxes in the future?"

"Of course we can do it?"

Fang Ziheng spoke decisively, peeled off the skin of the grape and put it into the beauty's mouth. He pinched Sister Lin's straight nose and said: "After the rectification of the major video websites, although they accept the punishment, they will never be willing to accept it for a long time.

Such a situation.

This chapter is not finished yet, please click on the next page to continue reading the exciting content that follows! Capital has always been pursuing profits, and it doesn’t matter if it is not the first. After knowing the market for home TV boxes, no one is willing to give up.

The General Administration cannot always be high-handed and must point out a clear path for major video websites."

"Where is the clear path?" Sister Lin asked leisurely while chewing grapes.

"Where else could it be? Of course it's authorized by TV!"

Fang Ziheng smiled, lay down on Sister Lin's lap, raised his head and opened his mouth, indicating that he wanted to eat.

“Regulate the industry while erasing any trace of smart home TV boxes on video websites.

That is to say, ordinary people can watch online videos, on-demand videos, and variety shows through TV, but they cannot be told which video website these contents come from!"

"Ah, is this still possible?"

Lin Feifei was shocked, picked a big grape, pushed the skin into Fang Ziheng's mouth, and asked him to continue popularizing science.

Fang Ziheng happily enjoyed the beauty's caress and talked about the situation in his previous life.

In the last life, after rectification, the General Administration reopened TV to major video websites and set several hard bottom lines.

The TV client of a video website must not use its own brand, and the logos of Tengxun Video, Youku Video, etc. are not allowed to appear on home smart TVs.

In the last life, Tengxun Video was self-conscious and made a cool move. After purchasing the TV license from the national network television station, it changed Tengxun TV to Cloud Audio-Visual·Penguin.

As a result, not long after it was launched, it was beaten to death by the General Administration, and many VP members were snatched away by the honestly revised version of Youku and iQiyi.

What does that mean?

The logo of Tengxun is a penguin. In the opinion of the General Administration, the word "penguin" has the suspense of promoting Tengxun's videos and cannot appear in smart home TV boxes.

In layman's terms, in the future, major video websites will only be content providers, which is equivalent to selling the TV copyright of the platform's content to the licensee. The TV client will no longer have a dime relationship with the video website.

You can still make money, but your reputation is gone!

Ordinary people watch online videos on their TVs. They only know about the jointly established TV box company, but not about the video website.

Only those who know it can know which platform this program is from through several popular variety shows.

For example, "Run, Brother".

People who often watch this variety show will remember the exclusive copyright they used to watch on Tudou Video and know that this variety show is pushed to them by Tudou Video.

The approach of the General Administration was in line with Fang Ziheng’s wishes. When Hengyu Media invested in Oriental Pearl New Media, it asked Tudou Video, Bestcom, and Xiaomi to establish United Box Company, which specializes in operating many content copyrights of TV clients.

The company's logo has also changed. It is no longer a potato, but a stove with stars. It has been changed to the series logo of Hengyu Group.

We cannot use the banner of Hengyu. The newly established company is called Xingchen TV, which is currently available in more than a dozen app malls across the country.

Fang Ziheng and Rebus had the same idea, to seize customers and occupy the market first, and the good boy will take over later.

At this moment, we cannot just let the General Administration say what it says. If we wait until the formal documents are issued after the rectification, and all the major videos are authorized by TV, the flowers will be gone.

As far as Fang Ziheng knows, Hangcheng Ma has also started to move. Although it is not as fast as Hengyu, this guy is too smart and sees the right opportunity to further control Youku.

On the grounds of establishing a new company in cooperation with Wasu TV, and taking advantage of the decline in Youku's stock price, he intended to launch a private placement to expand his equity and influence in Youku.

Mango is still on the same path as before, building its own video and TV box based on Xiangnan Satellite TV.

Due to the limited film sources of a broadcasting and satellite TV station, Mango TV’s growth rate in the app mall is too slow and it cannot beat Xingchen TV.

Speaking of which, among many video websites, Mango is the most special. No one else can have the platform logo, but theirs can.

Fucked!

Fang Ziheng complained in his heart, turned over and hugged Sister Lin's waist and fell asleep.

Sister Lin looked down at his handsome face, child-like posture, and bright eyes with a trace of maternal brilliance, and said coquettishly: "You're still sleeping, it's almost ten o'clock, you won't go to the study meeting today?"

"If you don't go, I'll go over and scold them every day, and they'll be annoyed!" Fang Ziheng muttered, sliding his hands behind Sister Lin, and pinched her buttocks twice.
To be continued...
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