Chapter 184: Chapter 184 Rejection of Purchase Intent
 

The former boss of Pioneer Cultural Rights Company, Yu Bo, started a financial investment company and hired a dozen professional high-frequency traders, all of whom earned a decent income every month.

Yu Bo was very satisfied with the development of the company.

It was certainly better than hanging on to the half-dead Pioneer Cultural Rights Company.

He had also long missed the feeling of being a boss again.

When he hadn’t sold Pioneer Culture, he felt like he wasn’t really a boss at all, practically more miserable than an employee.

Not only was he not making any money every month, he also had to pay rent and staff wages.

Now, with a nice income each month and after deducting rent, staff salaries, and bonuses, the net profit he took home was about two million.

He was very satisfied with this figure.

In a year, that would be more than twenty million, which truly wasn’t bad.

In the future, if he could hire or train more professional high-frequency traders, the income would increase even further.

At that moment, he was in the office, enjoying his coffee, feeling very comfortable.

Just then, his phone rang.

Seeing the caller ID, he realized it was from a friend.

“Old Wang.” Yu Bo answered the call.

“Old Yu, you’ve made a big profit this time.” Wang Bin said.

“Made a big profit? What do you mean?” Yu Bo was somewhat puzzled.

The company’s earning capability definitely wasn’t at a level that could be considered a big profit.

Besides, he hadn’t told any relatives or friends that he had switched to financial investment, fearing they might laugh at him.

After all, he had lost quite a bit of money hanging on to Pioneer Culture over the years.

His previous grand statements had become a joke.

Now he was keeping a lower profile, planning to talk about success only after achieving it.

“You haven’t seen the news, have you? You’re at least a billionaire now.” Wang Bin said.

“What news?” Yu Bo asked.

“The one about the National Copyright Bureau stepping in to regulate the chaos in the cultural market’s copyright, man. They started a special regulation campaign, and the prices of the rights to all sorts of cultural and intellectual works skyrocketed. Most have increased by several dozen times, and a few have even increased by more than a hundred times. Tell me you haven’t made a big profit,” Wang Bin explained.

“What are you talking about! The National Copyright Bureau has started a regulatory action?” Yu Bo stood up abruptly from his seat, feeling dizzy and a buzzing in his head.

“Yeah,” Wang Bin laughed, “it seems you really didn’t know. It’s fine, after all, making money is what counts. My company is having some difficulties lately, so shift some money my way, will you? I don’t need much, just around twenty million or so. For you now, that’s just a drop in the bucket.”

“The national regulation? Are you serious?” Yu Bo asked breathlessly, his head still buzzing.

“Yes, calm down, don’t get too excited. Making money is good, but it’d be bad if you got too worked up about this amount and something happened,” Wang Bin joked.

Yu Bo opened his mouth but didn’t know what to say.

“Old Yu, are you okay? You didn’t faint, did you?” Without a response from Yu Bo, Wang Bin was actually a bit worried that Yu Bo couldn’t handle the shock of this good news and had passed out.

Passing out was not a big deal as long as he woke up, which wouldn’t be a problem.

But if he passed out and became unconscious, that would be trouble.

“Old Wang, I haven’t made any money.”

After a long while, Yu Bo took a deep breath and spoke slowly.

His colleague found the news about the National Copyright Bureau’s special regulatory campaign on the computer.

It was true.

He had missed the opportunity to make a fortune.

“Huh?” Wang Bin was stunned, then said, “Old Yu, I’m just asking to borrow twenty million, don’t be like that.”

He thought Yu Bo was just making excuses not to lend the money.

But saying it like that seems too fake.

Everyone knows, Yu Bo, that you’ve made money—and a lot of it.

What’s the point in saying that?

“Old Wang, I’m not lying to you, I really haven’t made any money. I sold the copyright company three months ago,” Yu Bo said bitterly.

“What!” Wang Bin exclaimed, “Damn, Old Yu, that means you missed out on the chance to get rich quick, no, you can’t be lying to me, right?”

Wang Bin was somewhat in disbelief.

“Why would I lie to you? If you don’t believe me, you can check it. The legal representative of Pioneer Culture isn’t me anymore,” Yu Bo said bitterly.

Wang Bin immediately started checking.

He found out soon enough.

“Damn, it really isn’t you anymore, you actually sold the company, you this…” Wang Bin didn’t know what to say.

“Old Wang, if there’s nothing else, I’m going to hang up,” Yu Bo ended the call.

He sat back in his chair, staring blankly at the ceiling.

Just three months, only three months.

He had missed out on the opportunity to become a billionaire.

Why did that guy come to buy his company?

…

Tencent Video.

CEO Qiu Yong summoned the company executives for a meeting.

“I believe everyone has seen the news by now. What should we do? Let’s discuss,” Qiu Yong said.

“Mr. Qiu, the national campaign for this special rectification has already led to skyrocketing copyright prices, with film and television rights experiencing the largest increases.”

“Most have gone up by multiple times, some by a hundredfold.”

“What we need to do now, I think, can be approached from these three angles.”

“First is to immediately remove any works that we haven’t bought the rights to, to avoid being caught and having to pay massive damages.”

“Second is to purchase the broadcasting rights for various popular works before others do.”

“Third is to invest a substantial amount of money to acquire a variety of film and television rights. I believe that as the rectification work continues, the prices for film and television rights will rise further, which also presents a good opportunity to make money.”

The speaker was the company’s Vice President, Wan Miao.

“Very well said,” Qiu Yong nodded in approval to Wan Miao and looked at the others, “Does anyone else have something to add?”

The other executives began to speak, but none offered anything new, simply echoing Wan Miao’s points.

“All right, then let’s proceed as Wan General Manager has suggested, with him in full charge of this matter.”

“The removal of unauthorized works needs to be completed today. The company will invest one billion to purchase various popular film and television broadcasting rights, and an additional two billion in purchasing other film and television rights,” Qiu Yong decided on the spot.

“Yes!” Wan Miao immediately responded.

After the meeting, Wan Miao quickly arranged for the removal of unauthorized works and contacted various copyright companies.

Not long after, a subordinate who had contacted the copyright companies reported back: “General Manager Wan, we’ve contacted various large copyright companies and have found that many rights, especially those for popular films and TV series, are now in the hands of Pioneer Culture. The company spent a billion in three months to acquire a large number of film and television rights, and they also rejected our purchase offer.”

“What.” Wan Miao said in surprise, “Most of the popular film and television rights are with that company? And they won’t sell to us? What’s going on? Did you get the details?”

“That guy Yu Bo, I’ve even had a meal with him. What is he trying to do by acting like this?”

He knew Yu Bo personally, having dined together.

He just couldn’t understand why Yu Bo wouldn’t sell to them.