Visual China 80percent of its revenue comes from defending rights and gaining customers? 1,000 lawsuits in seven years

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 Visual China 80percent of its revenue comes from defending rights and gaining customers? 1,000 lawsuits in seven years


Today (11) afternoon @ the Communist Youth League Central Committee released a micro-blog angry domestic well-known photo website Visual China:

The microblog instantly boarded the microblog hot search first.

The microblog comment area exploded, and dozens of enterprises posted photos related to their own enterprises, which were included in the Visual China Copyright Library.

In response, on the evening of November 11, Visual China Image Weibo responded:

Video China website reported by netizens about irregular pictures of the national flag, emblem and so on. After checking the picture, it was provided by the subscribers of Visual China. Visual China, as a platform, has the responsibility of lax auditing. I apologize for that! _______ We have offline the non-conforming pictures, and will continue to strengthen the audit according to relevant laws and regulations to avoid similar situations. Thank you for your supervision!

I apologize!

What on earth has Visual China done been questioned by the Communist Youth League Central Committee? Its also about last nights First Black Hole Photo of Human Beings...

Visual China Occupy Black Hole Photo Copyright? Netizens exploded.

It is 5.5 million light-years away from the earth, more than 200 scientific researchers around the world, 10 days of long exposure and two years of washing. It has been released in six places all over the world at the same time.

Yes, its the first black hole photograph of human beings, but the copyright disputes it triggered triggered a thousand waves.

On the morning of April 11, some netizens found that the first black hole photo in human history published 10 nights later appeared on the copyright merchant-Visual China website, noting that this picture is only for editing purposes, such as commercial purposes, calling or consulting customer representatives.

Copyright Description of Visual China Official Website

As soon as the news came out, on the social platform, it randomly triggered a heated discussion among netizens.

In response to questions from the outside world, the official response of Visual China said:

Black Hole photos belong to Event Horizon Telescope. Visual China is authorized to use editing classes through its partners.

This photo authorization is not exclusive, and other media and photo agencies have also been authorized. However, according to the requirements of copyright owners, the picture can only be used for news editing and dissemination, and can not be used as a commercial category without permission. Commercial use generally includes advertisements, promotions and other use scenarios. Visual China does not have the right to commercial use of the picture. If it is used for commercial purposes without authorization of the copyright owner, there may be risks.

It is understood that the copyright of black hole photographs is provided by the European Southern Observatory. Visual China obtained photo authorization through AFP. If commercial use is required, the European Southern Observatory must be contacted. There is also a risk of being pursued for legal liability in the use of this map by the self-media.

According to the owner of the black hole photo copyright, the copyright instructions on the website of ESOs Event Vision Telescope project show that the content of the website complies with the International Knowledge Sharing Signature 4.0 Agreement (CC?BY?4.0), and can be used free of charge as long as there is a clear signature.

International Knowledge Sharing Signature 4.0 is a public copyright licensing agreement, which allows the distribution of copyrighted works, and allows users to copy, distribute, disseminate and rewrite works free of charge on the basis of the copyright owner of the signature.

Sell flag and national emblem picture everybody shouts! Relevant pictures urgently removed from shelves

Subsequently, in addition to black hole photographs, 21st century economic reporters found that visual China also suspected that the Chinese flag, Chinese emblem and other pictures into the copyright, paid for use.

Visual Chinas earlier official website showed that the price hint of the national emblem picture page showed that for the internal language is not less than 150 yuan, the full page span is not less than 500 yuan, the cover of the magazine is not less than 1000 yuan, the commercial use price is discussed separately.

In response, at 15:05 p.m. on April 11, the @Communist Youth League Central Committee responded by sending a microblog querying Visual Chinas Is the copyright of the national flag and emblem also yours?

Subsequently, Baidu, Fenghuang, Sina, Maotai, Guizhou (925.200,?-22.79,?-2.40%) and Haier and other well-known companies commented on Weibo.

In response, Gan Haibin, a lawyer at Beijing Yingke (Hangzhou) Law Firm, told 21st Century Economic Reporters that:

The national flag and emblem are not the objects of copyright protection. Anyone can use them legally and non-commercially. It is inappropriate for Visual China to put a company logo on these photos and claim to be the owner of the copyright.

Later on the evening of the 11th, Visual China issued the apology statement mentioned above. At the same time, the picture of the Chinese flag and national emblem on the Visual China Official Website has been quietly removed from the shelf, and the display page does not exist.

Eighty percent of the revenue comes from rights winners?

Visual China was founded in June 2000. Its core business sectors are Visual Content and Services, Visual Community and Visual Digital Entertainment. It also has the largest Internet copyright trading platform for visual content in China.

In 2014, Visual China Backdoor Far East shares landed in A shares.

In terms of performance, Visual Chinas performance has increased steadily in the past three years.

From 2015 to 2017, the revenue was 543 million yuan, 735 million yuan and 815 million yuan respectively, and the net profits of shareholders belonging to listed companies were 158 million yuan, 215 million yuan and 291 million yuan respectively.

In addition, the latest three-quarter report of 2018 shows that both revenue and net profit have maintained a steady double-digit growth, with revenue reaching 701 million yuan in the first three quarters, an increase of 20.97% over the previous three quarters, and net profit of 220 million yuan, an increase of 35.31% over the previous three quarters.

It is worth mentioning that the core business of visual content and service which contributes 80% of the revenue to listed companies is the part of fishing for rights questioned by many enterprises. Its main method is safeguarding rights and gaining customers, safeguarding rights and generating income.

In the first three quarters of 2018, this business brought about 573 million yuan in revenue and 223 million yuan in net profit for Visual China.

As of April 11, the market value of Visual China reached 19.6 billion yuan.

According to the analysis of the report, the industry and companies are expected to benefit from copyright protection.

In 2017, the theoretical market of copyright image materials in China was 18.6 billion yuan, while the actual market was 1.46 billion yuan, with only 8% of the copyright image materials. Pixsy data show that 64% of photographers have experienced image theft, of which 28% are commercial theft. With the increasing protection of intellectual property rights, the legitimization rate of copyright visual materials market in China continues to increase and there is a larger space. As the leading enterprise in this industry, it is expected to benefit from rapid growth.

Some netizens joke that visual China is the real black hole concept stock.

Business models have long been criticized

In September 2018, Shanghai Securities News reported in the article Visual China, King or Gongchen. People close to Visual China disclosed that Visual China did not pursue direct judgment compensation, mainly in order to convert rights protection into sales and transfer the defendant to an exclusive contract client.

Visual China said that most customers will reach a settlement with them before the lawsuit judgment, and become long-term cooperative customers. The final amount of effective judgment through court proceedings will not exceed 0.1%.

The controversy over the visual Chinese business model has been going on for a long time. Zhang Ying, the founder of Jingwei, also said on micro-blog, the world is yours, but also ours, but in the final analysis, it is visual China.

Last July, Zhang Ying questioned the extortion business model of visual China. Zhang Ying said:

Visual China is demanding hundreds of thousands of yuan for huge compensation, threatening enterprises to sign annual contracts. From the companys revenue point of view, he believes, it is said to be fruitful. Tort should not be infringed, but this overwhelming business model should not be, and now it has become the core business model of the company, which is also funny.

More than 1000 lawsuits in seven years

According to Qiangyun data statistics, since 2013, Visual China and its subsidiaries have involved in more than 1,000 lawsuits. The cases mainly involve Huagai Creative (Beijing) Image Technology Co., Ltd. and Hanhua Yimei (Tianjin) Image Technology Co., Ltd. The cases are all copyright ownership, infringement disputes or network dissemination disputes. In the litigation stage, most cases of visual China relying on Getty to provide copyright evidence involve compensation of about 6.24 million yuan.

In addition, Tian Eye Check data show that the main company of Visual China is Visual (China) Cultural Development Co., Ltd., which has 135 lawsuits.

Among them, Article 89 sues others or companies for infringement of dissemination rights of works information network. Visual Chinas semi-annual report in 2018 shows that its business income is more than 480 million yuan, an increase of 25.84% over the same period last year, of which visual content and service is the core business of the company.

Source: Liable Editor of 21st Century Economic Report: Li Wan_B11284