Back To 1995: Chapter 801 Benchmarking
Chapter 801 Benchmarking
ICQ merged with NBC Group, AOL merged with Time Warner, these two billion-dollar mergers have brought the media industry and the Internet industry to the prelude to marriage.
Except for Paramount, which is a subsidiary of Viacom, which is still conservative, the rest of Disney, Columbia, Universal, etc. are more or less hooked up with the Internet industry, because the Internet these days is really rich and powerful. Can continue to provide Hollywood with a knife!
When the dotcom bubble bursts, all these Hollywood giants who fish in troubled waters will have to follow suit.
At that time, Western Pictures will not only take over Universal Pictures, maybe it will also be able to get some benefits from Time Warner and Fox!
Ted Sarando had a weird face when he heard that he wanted to listen to several big Hollywood giants. As long as he entered Hollywood, whether it was a small and medium-sized film company, or a Hollywood star, director, screenwriter, producer, etc. Hollywood giants have been shorn of wool.
Western Pictures is preparing to take a bite out of the big movie giants!
If it can achieve what Song Yang expected, then Ted Sarando can't imagine what kind of behemoth the Western Films will produce.
If it really can reach the level of Netflix plus Disney, then Western Pictures can almost control the entire Hollywood and wipe out all the TV users and movie users in America. What kind of TV series and movies can Americans see? For movies, Western Pictures has the final say!
"Western Pictures will prepare enough cash flow!"
The highest level of scouring wool is to be ruthless, even scouring his own hair. Song Yang is ready to take out ICQ's wool to sacrifice to the sky. Ted Sarando really can't think of any doubts, even though he also I really don't know why Song Yang is not optimistic about the merger of ICQ and Bronfman Group.
If you want to pick up leaks, you must have enough cash. Song Yang doesn't need to remind him about this, but Ted Sarando also knows it.
It is still very easy for Western Pictures to make money now. It has a bunch of hot movie and TV drama copyrights. No matter which bank mortgages it, it can lend a large amount of US dollars.
Song Yang had a few words with Ted Sarando, the online video business, Song Yang will definitely want to do it. If Western Pictures can't do it, Song Yang will have to start a new business to do it.
As for Netflix, Song Yang simply asked a question and didn't care any more. Now Netflix is engaged in the disc rental business, and it is in hot water with Blockbuster.
As for whether to slap Netflix to death while Netflix was still a little shrimp, Song Yang gave up after thinking about it for a while.
Even if you kill Netflix, there will be a lot of other online video sites, and even Hollywood giants will enter the online video industry. If you kill one Netflix, there will be a second and third A Netflix popped up.
Instead of trying so hard to guard against the emergence of Netflix, it is better to make Western Pictures and IMDb the industry leaders. After all, every victory cannot be expected from others...
The small town of Los Gatos is also part of Silicon Valley, and Reed Hastings chose it as the headquarters of Netflix instead of San Jose and Cupertino, the traditional sites of Silicon Valley.
The town of Los Gatos, dominated by old white men, is very suitable for Reed Hastings to come from. Maybe Reed Hastings also has his own mind, just like ICQ is for San Jose, or Apple is for Cupertino city in general.
The small town of Los Gatos has no big companies or factories, nor is it an open tourist area. As long as Netflix is established, it will easily become a landmark company here!
"Netflix has now gained more than 1.58 million users. Of course, it is still a long way from Blockbuster, but Netflix has only been established for a year, and we are mainly engaged in online video rentals, and we do not need stores or sales staff. , as long as a warehouse and a network cable, Netflix can occupy a city's disc rental market!
The video rental industry must belong to Netflix in the future! "
At the Netflix headquarters, the general manager of Netflix diligently promoted Netflix’s selling points to several Silicon Valley venture capital firms present.
Compared with Blockbuster, which has opened stores all over the world, Netflix operates on an asset-light basis, does not require store fees, and saves a lot of labor costs. The cost of letting Netflix lease a disc is more than the current disc rental. The industry giant Blockbuster is much lower.
This allows Netflix to play some tricks, such as canceling the notorious late fee in the disc rental industry, that is, failing to return the disc on time, and paying a fine that is much more expensive than the disc rental fee. With this fine system, Blockbuster can earn hundreds of millions of dollars more a year!
Reed Hastings founded Netflix because he was fined $40 by Blockbuster for not returning the discs on time.
Netflix has completely canceled the late payment fee, and there are also various preferential activities, such as giving away discs, delivering movies to your door, and opening members to watch discs indefinitely. It has gained one or two million users without large-scale publicity.
Several venture capital firms present were very interested in Netflix, and they were also familiar with Reed Hastings. Coupled with Reed Hastings' family background, venture capital firms were very interested in Netflix. , is still very optimistic.
"Blockbuster is not so easy to deal with. Right now, Netflix is just taking advantage of Blockbuster's dozing and can't pay attention to the online disc rental industry. If Blockbuster also enters the online field, what should Netflix do?"
People from the venture capital company asked Reed Hastings, the founder of Netflix who has been silent.
Hearing this question, Reed Hastings finally said, "If Blockbuster is willing to change, it won't be Blockbuster!"
As soon as these words came out, there was a burst of laughter, and the people in the venture capital company couldn't help laughing. It was indeed as Reed Hastings said, Blockbuster was too arrogant.
Compared with Blockbuster, which has been making money every day, Netflix is just a little bit now, and even now that Netflix delivers to your door, begging Blockbuster to buy it, it is estimated that Blockbuster will not look directly at Chennai. Fly a glance.
"In the future, Netflix will transform and defeat Blockbuster, which is only the first step of Netflix, not the last step!
After becoming the leader of the disc rental industry, Netflix will transform into an online video business. IMDb and Western Pictures will be Netflix's future rivals! "
Reed Hastings, who has always been low-key and taciturn, suddenly uttered wild words, which made everyone in the venture capital company stunned.
Then I heard that when Reed Hastings was going to let Netflix compete with Western Pictures and IMDb, people from several venture capital companies suddenly got refreshed and looked at Reed Hastings. His eyes began to become different.
If Netflix just wants to fight with Blockbuster, then it will be dead. It is just a war industry in the disc rental industry. The global disc rental industry is a sunset industry. Even if Netflix wins Blockbuster, it will be a mess. A company worth billions of dollars.
But when Reed Hastings mentioned that Netflix and IMDb were fighting against Song Yang, the people of several venture capital firms instantly felt completely different.
Song Yang is a golden sign in the Internet industry. As long as Song Yang enters the Internet industry, which industry will be detonated. Even a few years ago, the Internet advertising industry Song Yang played in still supports the Internet industry all over the world. Hundreds of thousands of Internet advertising companies!
The online video industry looks tepid now, but when Saipan Music Store first entered the online music industry, it didn't make any waves. At that time, it was ridiculed by some media. Song Yang could no longer keep up with the trend of the Internet. .
As a result, the Saipan Music Store is now the leader of America and the global online music industry. The revenue of the Saipan Music Store is hitting a new high every month. It's crazy to make money. Compared with the five major record groups, it's faster to make money. It's almost lying down to make money.
With the Saipan Music Store in front, who would dare to say that IMDb's online video business would be a prodigal thing, as long as the name of Song Yang is hung, no one dares to despise it.
And when I heard that Netflix is now going to benchmark against IMDb, it is inevitable that several venture capital companies will have some ideas.
"$20 million, a San Francisco venture capital firm, willing to invest $20 million in Netflix!"
(end of this chapter)