Chapter 250: Chapter 123 Out for fun or heading home?
For Su Huai, acquiring equity in a live streaming platform wasn’t of particularly great significance.
Even though Gou Star would go public along with Tencent Music Entertainment, as a minority shareholder waiting four or five years for a return after the IPO—and tying Pei Shuyu to such a minor platform in the process—the value calculated wasn’t that high.
However, looking at it from Xingyu’s perspective, the situation was obviously different.
Having a certain shareholding versus none at all made a huge difference in terms of speaking rights.
Gou Star was willing to hand over such authority, which was very sincere.
Su Huai calculated how much he could gain from the deal and decisively shook hands with Gou Star to make peace.
"I feel your sincerity, ok, what do you need me to do?"
They definitely had conditions for Su Huai; benefits wouldn’t come for free.
However, since Gou Star was the weaker party, they didn’t dare to set particularly harsh terms.
"Gou God, here’s the thing..."
Chen Jie, acting as the messenger, felt like he truly belonged to Su Huai’s family, so he spoke very frankly.
"There are mainly three points, the first of course is the turnover. The bottom line set for you is 50 million a month, I know, it’s a bit high, but overall, it’s not a huge loss..."
So high your head, not high at all.
Su Huai couldn’t help but want to laugh.
Perhaps in Mr. Xie’s view, for Xingyu Guild with its size, generating a monthly turnover of 50 million was tantamount to a net loss of over 6 million, which was heavy pressure.
But for Su Huai, he couldn’t be happier to have a reason to keep spending.
Buddy, I don’t lose money!
"No problem, go on."
Chen Jie was inwardly astonished, feeling that Gou God’s generosity was just outrageous. What kind of family was this?
He couldn’t fathom these rich folks...
"Well then, I’ll just say it. The second one is that Yuji must have a lock-in period, at least three years, only streaming on our platform, with a high penalty for breach of contract."
"Sure."
Su Huai readily agreed, but then he immediately dug a big hole: "Let’s sign an exclusive contract, but this kind of agreement you can only sign with her personally, it’s not appropriate for the guild to mandate it."
Chen Jie didn’t realize the issue with this and agreed without a second thought.
"Of course, she will definitely be among the first batch of streamers in the exclusive plan. If we don’t give limited resources to her, who do we give them to?"
Su Huai suppressed his laughter and nodded in agreement.
Things like exclusivity and lock-in periods were something the entire industry was experimenting with at the time, typically done through personal contracts with streamers.
Is there legal effect?
Yes, but evadable.
If another platform wanted to poach a streamer, they could simply pay the breach of contract penalty to make the switch happen.
30 million, 50 million, whatever – it’s new platforms footing the bill, what does the guild have to do with it?
When the time comes, fulfill the obligation to notify a month in advance, force a breach of contract, and the rest is just a slow legal battle.
At the end, it’s just about paying money.
Doing such deeds, the only key point is choosing the right new platform—erm, basically avoiding the two big pits, Douyu and Panda, is enough.
Those two don’t play nice, all talk of "we’ll pay the penalty" when negotiating, but once they’ve lured you in, they don’t honor it, dragging it out and pushing it onto the streamer’s shoulders.
In this respect, Kuaishou has a better reputation. When they poach, they really pay up.
"The third point is about restrictions on Xingyu Guild in competitions. The leadership means that for each big event, you can take two or three spots, but you can’t take them all..."
Chen Jie felt a bit guilty; he thought the first two points were reasonable demands, but the last one was too targeted at Gou God.
"Gou God, I know this is very unfair to you. With your capabilities, it’s clear you could monopolize all the rewards, sweeping the entire platform.
But the company can’t just watch that happen. If you play that way, other guilds might as well not exist.
I’m sorry, Gou God, I really can’t advocate for you..."
Su Huai couldn’t hold back his laughter anymore.
That’s it?!
Buddy, you guys are thinking too much...
The things they were worried about were exactly what would never happen. Su Huai could spend 500 million on Pei Shuyu in a month, but certainly wouldn’t spend 5 million on other members of the guild.
One is profiting while the other is purely losing money; are they the same?
However, after establishing the guild, if he continued to only spend on Pei Shuyu without sharing profits with other streamers, it might be a bit detrimental to unity.
Su Huai had thought about how to conceal it, but hadn’t come up with a good method.
Now there was a ready-made reason – the platform wouldn’t allow it.
So whenever official spending was needed, let the guild account take the stage and go through the normal internal settlement process, spending a million would incur a loss of 125,000.
Su Huai’s account would still be used for personal entertainment, spending as much as desired without any returns, the major contributions still going only to Pei Shuyu, letting her happily earn.
Occasionally spending ten or twenty thousand on his own streamers – spending three to five hundred thousand a month was enough to maintain a good reputation.
With an output of about a billion a month, there was a profit of around 13 million. Throwing out 500 thousand for the welfare of his own streamers was minor.
Hey, you guys are really... too thoughtful!
Su Huai loved the "restrictions" from Gou Star, yet he complained bitterly, "I’m supposed to be restricted on how I want to play?!"
Chen Jie explained with a wry smile, "We’re not trying to restrict you, but Xingyu Guild... Your personal entertainment and guild operations can’t be equated, right, Gou God?"
Su Huai didn’t care, frightening them with a string of demands – yet he gained another benefit—
All personal new accounts got an additional 10% mystery box bonus.