Rebirth: Dominate The World, Starting From The School Network

Chapter 527: Be Bolder And Set Higher Goals

The meeting was an issue between the two subsidiaries of the group's streaming online video business.

Several of the group's major business sectors are currently losing money, one of which is the streaming online video business.

The meeting was chaired by Lu Qi.

now.

Lu Qi opened a piece of information in his hand and said: "As for the online video business, the current international version of VideoSpace video website has a cumulative number of users around the world of about 400 million. The domestic version of VideoSpace website has a cumulative number of users. About 80 million or so.”

"Last year, the broadband cost of VideoSpace was about 360 million yuan, and the domestic video space broadband cost last year was about 650 million yuan, which is about 94 million yuan.

"Last year, the online video business segment's annual revenue was 1.25 billion gold, but the loss was as high as 360 million gold; this year, the full-year revenue is forecast to be around 1.47 billion gold, but the loss may be as high as 500 million gold.

It has to be said that the most critical reason why online video business has discouraged countless Internet companies is not the streaming video technology, but the high broadband costs.

Over the course of a year, broadband costs alone will cost billions of yuan. It is impossible for ordinary Internet companies to develop online video services.

In other words, the Future Group has a strong foundation, otherwise, it would have been dragged to death long ago.

after all.

VideoSpace, whether at home or abroad, is the number one online video website, with a total user base of nearly 500 million.

On such a large scale, it still suffered losses of up to four to five billion meters of gold.

Can the average Internet company withstand such losses every year?

The online video business is indeed very profitable.

Last year’s revenue was 1.25 billion meters, while the group’s total revenue last year was 17.12 billion meters, accounting for 7.3%.

This ratio is second only to the revenue from advertising and games among the major business segments of the Future Group.

but.

Of the annual revenue of 1.25 billion yuan, 85% of the revenue comes from the international version, which is the VideoSpace video website.

As for domestic video space websites...well, Lu Yi simply doesn't dare to launch a payment model at this time.

Even in the next three to five years, the domestic version does not consider specific profit plans.

Online video business revenue mainly comes from two aspects, one is advertising and the other is membership payment.

Lu Yi knows it very well.

For domestic users, if there is any pay-to-view model now, users will definitely run away with their buckets.

Currently, the top three domestic related websites are Video Space, Youku Video, and Tudou Video.

The biggest advantage of Video Space over the two video websites Youku and Tudou is the resource library, which is full of genuine videos.

If the video space directly implements a charging model, users will definitely go to Youku or Tudou with their buckets.

Last year, the group's operating expenses for the online video business were as high as 1.61 billion yuan. In addition to the huge broadband expenses, there was also a huge expenditure.

That is the income share of the website UP owner.

The model of VideoSpace is not the model of Aiyouteng in the previous life, but the Bilibili model.

You can watch various movies and TV series on the website, as well as videos produced by UP owners.

Today, thousands of UP owners have become full-time, specializing in video production and earning income from advertising alliances.

Some top UP owners have even become millionaires.

These top UP owners first started their own business, and then grew bigger and bigger, setting up personal studios and teams, which is equivalent to a company specializing in video production.

without any exaggeration.

In the online video sector alone, hundreds of thousands or even hundreds of thousands of people live directly or indirectly on Future Group, and many people live a very prosperous life because of it.

If one day the online video business sector is closed, I don’t know how many people will be unemployed and lose their source of income.

"According to the latest report released by Compete, in July this year, the international version of the VideoSpace website was still the video website with the highest click-through rate and the largest number of users in North America, accounting for 46.7% of the market share of North American video websites." "

*The number of online video views in North America reached 13.6 billion in July, of which VideoSpace accounted for about one-third of the total. "

"According to relevant data reports, more than 150 million North American users watched videos online in July, and the average time they spent was about 200 minutes.

"Among them, our VideoSpace website is the first choice for users, with the most viewers, reaching about 90 million, and the average time spent on it is 118 minutes."

"The current development momentum of VideoSpace is good. It is expected that the number of users of the international version of VideoSpace video website will reach 670 million within three to five years."

Lu Qi said with a smile.

Although the online video business segment has suffered serious losses, the business in this segment is actually developing very well and has a very strong momentum.

VideoSpace video website can be said to be the world's largest online video website.

Lu Yi said: "Is it on the order of six to seven billion? It's less!"

As soon as these words came out, the smiles on the faces of the executives present froze.

The number of users is 600-700 million. Is this still small?

●"If you are bolder, I think that in three to five years, the number of VideoSpace users will at least double, reaching the level of 8 to 9 billion, or even 1 billion." Lu Yi said lightly.

-

Everyone gasped instantly.

One executive couldn't help but exclaimed: "In the order of 1 billion..."

Lu Yi glanced at the executive and said: "Does this scare you? What if I say that in ten years, it will reach 2 billion or even 3 billion?"

Everyone’s eyes were as wide as a bell!

Although everyone has long been accustomed to Lu Yi's loud remarks.

But this time…….

The current global population is about 6.7 billion.

Ten years later, the total global population will have increased by 1 billion.

According to Lu Yi, wouldn't it be true that by then, one out of every three people in the world will be a VideoSpace user?

is it possible?

To know.

At least half of the world's population is below the poverty line. It is a problem to have enough to eat, let alone watch videos online.

If (yes) we remove this part of the poor population, wouldn’t the remaining population be all VideoSpace users?

"The 3 billion level may be a bit exaggerated, but 2 billion is absolutely possible!"

"You have to know that our country alone can contribute at least 800 million users!"

"In January this year, the "Dragon Internet Survey Report" released by the DCCI Internet Data Center under the Longguo Internet Association showed that the number of Longguo Internet users reached 182 million in 2007. It is expected that the number of Longguo Internet users will reach 244 million in 2008 .”

"However, I think DCCI's prediction is still a bit conservative. This year, the number of Internet users in my country is likely to reach 300 million, surpassing North America in one fell swoop and becoming the world's largest Internet market."

"But the scale of 300 million people is nothing compared to our country's total population of more than one billion."

"So, everyone, it's absolutely okay to be bolder and set your goals higher!"

Lu Yi said with a smile. .