Losing Money to Be a Tycoon

Soon, everyone discussed briefly and asked the legal team to repeatedly confirm some of the details in the contract. This matter was then finalized.

The reason why it was so fast was mainly because the other live-stream platforms were in a hurry.

The ICL league competitions had limited competitive rounds. They would lose popularity as they delayed.

Most people did not have any objections to Zhao Xuming's suggestion of delaying the broadcast of the game by 30 seconds. There were instances of a delay of a few seconds or tens of seconds in live-streams due to internet lag and source changes.

It was common for some live streamers to delay one or two minute delay in order to prevent themselves from being peeped at.

Many competitions had different types of delays on live-stream platforms, television stations, or video software. Sometimes, they could even be delayed for a minute or two.

Thus, most people felt that Zhao Xuming's suggestion to "make Boss Pei feel better" would not cause any substantial damage to everyone's broadcasting rights.

Even if a small portion of people felt uncomfortable, the other platforms had already accepted it. If they did not accept it, they might continue to argue. They might even be attacked by the other platforms. They would not dare to fall out with Boss Pei and cause him to not sell the broadcasting rights of the ICL league. Thus, they did not say anything after some hesitation.

No one had the courage to stand out. What's more, all the platforms that bought the ICL league broadcasting rights had the same rules. Even if they were to suffer losses, everyone would suffer together.

His colleagues were discussing the details of the contract with the legal team of various live-stream platforms. Zhao Xuming brought a few Vice Presidents of live-stream platforms to a high-end restaurant nearby to celebrate the success of this cooperation.

To be honest, Zhao Xuming was still very jealous.

Previously, he had only expected the ICL league's broadcasting rights to be at around 32 million yuan.

Even so, most live-stream platforms would still find it expensive!

On the other hand, Boss Pei had bought the exclusive broadcasting rights for 35 million yuan. In just two weeks, just distributing it nearly doubled the price!

According to the amount on the final contract between Bunny Tail Live-Stream and the other five live streaming platforms, their cash income was 48 million yuan. In addition, there are miscellaneous items, such as broadcasting rights of other competitions, live streamers contracts, and so on, the value added together was almost 65 million yuan!

Of course, this price was a little high. The broadcasting rights for other competitions were rather high after all. What's more, these live-streaming contracts were the basically ones that other live-stream platforms did not want. Their real value had to be discounted.

However, no matter what, he had earned about 13 million yuan!

Strictly speaking, Boss Pei and Chen Yufeng did not raise the price at all.

However, Boss Pei was famous for not losing out. The Vice-Presidents of various live-stream platforms did not dare to fool him. Thus, even though Boss Pei did not raise the price, the price had reached a relatively high level.

He had spent 35 million yuan on the exclusive broadcast. Now, he was distributing it to other platforms. All of his income added up to 65 million yuan…

He had earned thirty million yuan in two weeks without much effort.

Zhao Xuming really wished that the 30 million yuan was earned by himself!

However, he had no choice. The truth was that the other live-stream platforms ignored him when he was promoting the ICL league. However,the other live-stream platforms immediately rushed over like ducks when Boss Pei said that he wanted to distribute the ICL league's broadcast rights!

He had to give in.

What's more, strictly speaking, Boss Pei's 'second-tier selling' was doing Zhao Xuming a favor.

He very generously bought the exclusive broadcasting rights and helped Zhao Xuming when the broadcasting rights of the ICL league were lowered and almost could not be sold. Now, he was distributing the broadcasting rights so that many platforms could live-stream the ICL league. It could better increase the competition's popularity and also help Zhao Xuming.

That was why even though Zhao Xuming was jealous, he knew very well that the ICL league's price would not be as good as it was now if Boss Pei had not been a second-tier trafficker.

Thus, he only felt sour in his heart and did not show it. He still had to treat them to a meal.

Even though the price was a little high, the Vice Presidents of other platforms still obtained the broadcasting rights of the ICL league despite almost giving up hope. They were given popularity, so it was not bad.

…

Everyone left happily after having their fill.

Zhao Xuming arranged for his subordinates to send these Vice Presidents back to the hotel to rest. Today's ICL broadcasting rights distribution had finally come to an end.

Everyone dispersed in no time. The Vice Presidents brought the broadcasting rights of the ICL league back and reported happily.

If they prepare for a day or two, prepare the relevant recommendation spots and publicity materials, and then access the live-stream signal from Long Yu Corporation, he would be able to officially start airing and generate popularity.

Everyone was anxious to have their ICL league broadcasted, so they did not stay long.

Soon, only Zhao Xuming and Zhu Yan were left in the hotel lobby.

"Boss Zhao, I have something to discuss with you."

Zhu Yan had been drinking quite a lot at the table previously. Many people thought that he was drunk, but he was not drunk now. Instead, his eyes were very clear.

Zhao Xuming was stunned. "Oh? What is it, Boss Zhu?"

Zhu Yan said, "Can you also open the data platform for ICL league and create a real-time data function similar to the Bunny Tail Live-Stream's GPL league?"

"The real-time data from Bunny Tail's live-stream is indeed very useful. Many viewers have gone to Bunny Tail's live-stream because of this data."

"It's probably impossible for us to obtain GPL's background data, but Boss Zhao should be able to provide ICL's data, right?"

"This way, I can better increase the popularity of ICL league."

Zhao Xuming nodded. "Sure, of course!"

He had wanted to copy it for a long time.

This real-time data function could be used as a support to allow the audience to better judge the situation on both sides and the players' performance. It had proven to be very useful.

This thing had no patent protection, of course he had to copy it!

He would also do a similar program and arrange for other live-stream platforms at the same time. It would definitely be helpful for the promotion of the ICL league.

Zhu Yan was very happy. "Thank you, Boss Zhao! I'll go back and prepare for the live-stream of the ICL league. We can communicate at any time if there are any problems!"

Zhao Xuming returned to his office to rest for a while after sending Zhu Yan off. Then, he immediately arranged for someone to develop the real-time data function.

…

…

March 14th, Wednesday morning.

Chen Yufeng had finalized the details of the contract with other live-stream platforms at Long Yu Corporation's headquarters yesterday. He had distributed the broadcasting rights for ICL league this time. He rushed back to Jingzhou to report the good news to Boss Pei after resting for a night.

The distribution of the broadcast rights this time could be said to be very profitable. Boss Pei should be satisfied, right?

Chen Yufeng arrived at Bunny Tail live-stream's conference room. Boss Pei and Boss Ma were already there.

"Boss Pei! This is the ICL broadcasting rights distribution contract that we have finalized with other live-stream platforms. Please take a look."

Chen Yufeng proudly handed a stack of contracts to Boss Pei.

Pei Qian took it and flipped through it.

All sorts of complicated details made him dizzy, but he could still see the amount of money on the contracts clearly.

12 million yuan, 10 million yuan, 11 million yuan, 8 million yuan, 7 million yuan!

The last two platforms gave less money but they also gave other things. One of them gave the broadcasting rights for a certain exclusive competition, while the other gave a three-year contract for a popular live streamer.

Pei Qian quickly calculated the numbers and became quiet.

How the f*ck could they sell for so much money?!

Previously, Pei Qian had thought that the exclusive broadcasting rights would cost 35 million yuan. What's more, there would be a premium. If he were to sell more, he would only earn three or four million yuan, right?

He did not expect to earn 13 million yuan in cash alone. Coupled with all these miscellaneous things, he would earn even more!

The broadcasting rights for the other competitions, the contract for the live-streamers, and so on might not seem to be of much use, but Bunny Tail's live-stream had just been released not long ago after all. All sorts of content were urgently lacking.

These content could fill in the gaps in many zones.

The previous Bunny Tail live-stream was just a viewing platform for many people to watch the GPL and ICL league. Now, the content was much richer. It was becoming more like a proper live-stream platform!

Pei Qian remained silent.

Initially, he had only wanted Chen Yufeng to ask for less money. In the end, not only did he not ask for less, he even took a huge pile of other things!

What was going on!

Chen Yufeng raised his thumb. "Boss Pei, now I understand why you want to distribute the ICL league. This step is really brilliant!"

"We bought the exclusive broadcasting rights of the ICL league. It was equivalent to not spending a single cent. We only spent some recommendation resources on the platform to earn back the broadcasting rights of ICL, 13 million yuan, and a lot of live-stream content on the platform!"

"The ICL league might look quite popular at the moment, but it would take a lot of effort for our platform to take it all. Second, we can't be sure that the ICL league will definitely become popular in the future. It is wise to sell it at a high price now!"

Pei Qian looked up at Chen Yufeng, almost rolling his eyes in anger.

Why didn't you say that earlier!

If you had said that earlier, I might not have sold it!

Can't you think for yourself?

Pei Qian realized that his subordinates were a bunch of people wise after the fact. They would only come to the conclusion that Boss Pei was wise after earning all the money every time. What were they doing earlier then?

If you had analyzed it earlier, would Boss Pei have been so 'wise' so many times?!

Pei Qian felt very tired.

On the other hand, Ma Yang was still flipping through the contracts, trying his best to check the details in the contracts. His long face was filled with a serious expression. Those who did not know would think that he really understood.

"Eh, Brother Qian, what's the meaning of this? Bunny Tail's live-streaming of the ICL league would be 30 seconds faster than other platforms?"

Chen Yufeng quickly explained, "Oh, this was suggested by Boss Zhao. He was afraid that we would be at a disadvantage, so he added a little more."

Pei Qian: "…"

Why the f*ck was he afraid of suffering losses!

Have you ever seen a profiteering way by first losing out through buying exclusive broadcasting rights and then double the profits in two weeks? Did Boss Zhao suffer too many blows previously and become mentally unsound?

As for being 30 seconds faster than other live-stream platforms…

Pei Qian vaguely felt that something was amiss. He had a feeling that something would happen with this rule.

However, the contracts has been signed. He had already earned more than ten million yuan in cash. He had also transferred all of the broadcasting rights and live-streaming contracts…

Compared to these things, a mere 30 seconds seemed to be unable to cause more waves in Pei Qian's heart.

The problem that Pei Qian was worrying about now was that he had spent 35 million yuan on the exclusive broadcast rights of the ICL league for Bunny Tail Live-Stream. Now, not only had he earned back every cent, but he had also earned 13 million yuan!

He should think about how to spend this money…