On August 31, station B announced a strategic investment of HK $513 million in happy media. The two sides will carry out a series of in-depth cooperation on the broadcasting of TV series and the derivative development of film and television IP. According to the agreement, station B will subscribe for 346626954 new ordinary shares issued by joy media at a price of HK $1.48 per share, with a total subscription price of HK $513 million. After the completion of the transaction, station B will hold about 9.90% of the total share capital of Huanxi media after its share expansion.
In the past, station B focused more on the content ecological investment layout in animation and game fields. Investing in happy media is the first strategic investment of station B for the film and television industry.
Huanxi media co founded by Dong Ping, Ning Hao, Xu Zheng and Xiang Shaokun, was listed in Hong Kong in 2015. The shareholders include Ning Hao, Xu Zheng, Chen Kexin, Wang Jiawei, Zhang Yibai, Gu Changwei, Zhang Yimou, Jia Zhangke and many other well-known directors. His main investment works include later we, I am not the God of medicine and crazy alien.
After the cooperation is reached, station B will obtain the exclusive external broadcasting right of existing film and television works and new works of joy media.
The sky of the wind dog boy will be the first series jointly broadcast by both sides. The play is Zhang Yibais return to the drama series after 20 years of carry on love to the end. It focuses on the growing time of a group of young people in the new era stumbling and running in the new era during the millennium. It is starred by Peng Yuchang, Zhang Jingyi and Liang Jingkang. Another blockbuster work is Chen Kexins film winning the championship (formerly known as China Womens volleyball team), which is scheduled to be shown on the mainlands cinema line in the National Day this year. It is expected that after the off-line screening, it will be broadcast simultaneously with station B on the happy premiere platform.
In addition, station Bs wholly-owned subsidiary also signed a five-year business cooperation agreement with joy media. In the future, the two sides will seek more cooperation opportunities in the fields of film and TV series, and carry out derivative development around the film and television IP of joy media.
In addition to investing in happy media, the recently well-known rap new generation is the first SS Level homemade variety show in station B. Yan Min, the main creator of the extreme challenge series, serves as the chief director. In the case of Chinas new rap and rap listen to me and other similar variety shows, the score of Douban in the new generation of rap, which proposed everything can be said and sung, is as high as 8.7 points. This year, station B also broadcast the starlight red carpet and Youth Film Festival of the 14th first youth film exhibition in the capacity of grand ceremony live broadcast strategic cooperation platform.
Station B started to set foot in self-made content around 2016. In that year, it launched a self-made quadratic variety show story man, and then continuously invested in animation, documentary, variety show and other fields. In the whole year of 2019, station B has launched a total of 40 animations, as well as the documentary life string 2 and the cultural documentary however, there are books. The latter was selected into the shortlist of the documentary unit of the Magnolia Award of the 26th Shanghai TV Festival, and launched the first self-made pet reality show pet hospital, and the observation type reality show guarding liberation West.
This year, the action of station B in film and television is more intensive, which is still driven by the ambition of breaking the circle.
For station B, which has been established for ten years, on the basis of interest community, more kinds of film and television comprehensive content can undoubtedly further stimulate the growth of users. For example, most of the films purchased by station B are exclusive to members, and self-made content can also help station B accumulate its own IP.
Unlike aiyouteng from long to short, medium and short video plus long video will not have too big obstacles in the user atmosphere, and even produce linkage. For example, in recent years, the film and television area of station B has become a channel for industry publicity, and there have been cases of video and audio linkage in the music area for a long time. However, it is not easy for station B to make efforts in the comprehensive field of film and television. The first thing that needs to be broken is the situation that the three video websites of aiyouteng monopolize the production of content.
Through the past five or six years of running in, some head content companies have been deeply bound to aiyouteng. For example, in the field of variety shows, Ali has acquired Galaxy cool entertainment, the production company of Mars intelligence agency. Tencent and Wah haw have cooperated in the sons of tomorrow series. Mi Wei has also cooperated with iqiyi in two key programs, i.e., the story of exotic flowers and the summer of the band.
In the field of drama series, the head production companies such as Xinli media, Ningmeng film and Yaoke media belong to Tencent department. Iqiyi has invested in more than 20 companies which are good at production capacity, such as Wannian film, the producer of secret corner and river god series. Iqiyi has also established Huace iqiyi film and television (Tiantian) together with Huace film and television, the first brother in TV drama field Tianjin) Co., Ltd.
A person in charge of a content company once told interface entertainment that there are more than a dozen companies that can stably produce TV dramas. If the medium and short video platforms enter the Bureau, they are bound to take a share from the long video platforms. The producers on the supply side are still us. The advantage of multi platform entry is that the audience is more subdivided. We can provide good content for consumers of different platforms, so that the content will be richer and our life will be better.
However, due to the different platform genes, at this stage for station B, the film and television comprehensive content is more like a long tail layout. If large-scale investment in self-made and copyright procurement, judging from the past aiyoutengs money burning competition, it will be a big expense. Chen Yuetian, the founder of Chenhai capital, once disclosed that iqiyis ROI (return on investment) is 0.9, while the ROI of station B is 2.2, which means that station Bs income from spending the same bandwidth and copyright costs is more than twice that of iqiyi. If you invest in the territory of long video, the advantage of station B will disappear.
Source: responsible editor of interface news: Wang Fengzhi_ NT2541