Cases like this really shouldn’t be accepted in the first place because there are no concrete pieces of evidence pointing to anything.

If Aurora Studio had personnel from Blue Hole Studio, that could count as evidence, but in reality, there aren’t any.

The map is completely different, not to mention the weapons. Aurora Studio added its new elements, and Li Yang didn’t even interfere.

Is this just doing things by the book? You still couldn’t hold back!

"Sue them, and try to drag it out until October."

Li Yang could be more specific, which means September 30th.

After September 30th, Lotte will collapse quickly, not to mention a lawsuit.

If Blue Hole dares to win, he’d be more than happy to see it happen.

A case that should not have been accepted got accepted.

If pushed to the edge, he would directly admit defeat in court, then publish an apology statement across the internet, and see whose reputation suffers.

Big companies in lawsuits have too many excuses to drag things out.

Sometimes Li Yang is deeply touched, especially knowing what the world will be like in the coming years, which creates a strong internal contrast.

It’s a good thing to live in China; even if you displease a big shot, they don’t dare openly do anything, and they certainly won’t create a law that makes mere thoughts a crime.

This matter is still within the rules; as long as you play by the rules with Li Yang, he doesn’t mind.

But...

"Boohoo, Master Jiang, I’m so aggrieved... Please comfort me..."

What could Jiang Banxia do? After all, she promised Li Yang a few days ago, and keeping one’s word is a good virtue.

"So... how should I comfort you?"

Li Yang took out a photo and said, "I want to see this outfit!"

"Alright! I’ll buy it now!"

...

On May 20th, Mouyu officially started its D-round financing, raising 800 million yuan.

Xiangnu holds 42% of the shares, Li Yang holds 24%, and Wanliu Capital holds 20%.

Basically, that’s it; once the 800 million is in hand, plus the platform’s own revenue, even if the live streaming platforms are especially competitive this year, they will certainly survive.

Spending all of this 800 million would mean the entire platform would need to spend about 2 billion in a year, given that revenue is still in the tens of billions.

Even as the leading platform in live streaming, Mouyu is losing so much money, indicating that this industry lacks potential.

After the D-round, Li Yang began planning the platform’s IPO.

Without international capital participation, listing abroad is quite difficult.

Companies listed abroad generally have international capital involvement, bringing them profit margins. Now, Mouyu is firmly controlled by Xiangnu and Li Yang. The other two shareholders, one a natural person and the other Red Shirt Capital, have been largely diluted.

There is no room left to profit foreign capital, given the valuation has exceeded 4 billion. Even if foreign capital wants in, due to limited profit margins, they won’t put in the effort to help with a foreign listing.

Listing on the A-shares is quite difficult.

To be listed on the main board, a company needs three years of audited financials, with requirements on operating profit and no significant shareholder changes within three years.

Of course, there’s also the option of a reverse merger, but that also comes with many requirements.

Mouyu currently doesn’t meet the conditions for a reverse merger.

The reverse merger only guarantees a 100% success rate of going public without reducing the conditions for publicly issuing stock, merely avoiding the possibility of IPO rejection.

Besides that, there’s another way.

And that is to take over Musician!

After Musician was exposed for financial fraud, its stock price hit the floor, and now its market value is only over 6 billion.

Currently, Musician has a debt of 16.2 billion. Without someone in charge, its core business is shrinking rapidly, and this year its revenue probably won’t exceed 1 billion.

That’s a big pit; no one dares to take over.

The shares in Boss Jia’s hands have long been fully pledged, and it’s a sure thing he can’t pay back, so Musician has nothing to do with him anymore.

But even if all outside businesses are cut off, in seven or eight years, the hundreds of Musician employees will still live comfortably because they own enough copyrights.

Although Boss Jia was problematic, his vision was definitely ahead of time.

He accumulated a vast amount of high-quality copyright for film and TV shows, and the most popular dramas from recent years have almost all come under their umbrella.

It’s just that Boss Jia fell too early and didn’t get to enjoy the copyright windfall. If he had held on for another three or four years, once enjoying that windfall, he probably wouldn’t have thought about running away.

Currently, Musician’s copyright library is unique in China, and one could say it is far ahead.

Back then, Boss Jia spent over 20 billion on these copyrights, and in three or four years, they’ll be worth at least 80 billion.

For example, Musician spent 20 million to buy the online broadcasting rights for "The Legend of Zhen Huan," later acquiring Huaye Film and Television, officially owning all the rights to "The Legend of Zhen Huan."

In 2018, after Musician was hit, to recoup some funds, they licensed this drama to two websites, each for ten-year licensing terms, with an 80 million licensing fee each.

And that’s just for the online broadcasting rights, excluding others. 𝕗𝕣𝐞𝐞𝘄𝐞𝚋𝚗𝗼𝘃𝗲𝗹.𝚌𝕠𝚖

"The Legend of Zhen Huan" generates more than 20 million in secondary innovation revenue annually on the market, along with other avenues... Musician hasn’t had the energy to exploit.

"The Legend of Zhen Huan" is just one among many.

The explosion in the domestic copyright market happened in 2019; if Musician’s legal department were still there, they could probably claim tens of millions in compensation annually, as everyone online has been infringing on Musician.

Even so, thanks to the previously accumulated copyrights, Musician still generates several billion in revenue annually.

It just... can’t match the interest on their debts, causing losses to continue growing.