"Xingtuo Culture Entertainment" was a talent and entertainment company that had been established for only three years. The entertainment market looked prosperous now, but the circle was actually very narrow. Upstream resources had long been carved up by the major companies, which had even expanded downward to compete for the second- and third-tier markets, making survival difficult for smaller companies.
Not everyone made money. Many small companies merely kept themselves afloat, while quite a few had been operating at a loss and needed their bosses to keep pumping money into them.
Huang Dongyu was very happy today. He had received a call from a major company interested in acquiring his entertainment company. He was the sole owner of this company, and its current state was merely one of survival, with no great prospects in sight. He himself did not have many resources or connections, and feared he would not be able to take the company very far. Running it was exhausting. Now that someone had proposed an acquisition, Huang Dongyu was immediately tempted. The only remaining issue was the price.
The two sides met at the agreed location and held a brief negotiation. Huang Dongyu asked for sixteen million, and after looking over the materials, the other party said with a smile, "President Huang, your asking price is too high. It exceeds our budget by far. Your office building is rented, you only have a few newly trained groups and several internet celebrities under contract, and there is almost nothing impressive to show for it."
Huang Dongyu had deliberately named an outrageous price. "How much do you intend to offer?"
"Five million."
Huang Dongyu immediately shook his head. "Although several of our artists are internet celebrities, they have quite a lot of followers. Many of them have over a million