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The following article was published in our article directory on April 13, 2011.
Learn more about SpinDistribute Article Distribution System.

ku6 net is no longer my child

Article Category: Business

Author Name: Amanda xzh

March 11 afternoon, in Japan at the same time, cool earthquake 6 nets also ferment a personnel earthquakes. Rumours are founder and CEO, said LiShanYou may will be leaving the company.

The rumours spread quickly in the industry, and soon listed on the nasdaq cool on the share price six media reaction, the first crash 15%, then share rapid rebound, 4.58% finished only fall.

Meanwhile, its holding company, with the listed on nasdaq shares also blunt shanda networking, set high to $multifunction at 52 weeks the highest price since.

In the next further confirmed rumors, cool 6 media chairman wu zheng revealed: LiShanYou will resign from the CEO post. Announcement in March 13, said late finally publish mason "personal reasons", its position will leave chief investment officer by grand group ZhuHaiFa agent. This appointment effect since March 14. That day, cool 16.10% shares rise another six media.

In the morning, LiShanYou Japanese blog wrote an essay for the resignation of pee to remember: theaters, no matter how wonderful story, you can always go pee out because, as you know, back in the film there, and may even more exciting. Life is not out of fear of uncertainty, most people can't really out of, a lifetime intertwine in a scene. In fact, life in the theatre, wisely out of, can let you live a lifetime into several of my life exciting. If ask good friends where? Pee to also!

The LiShanYou out completely ended cool 6, 5 years of "lee's age", also ended only half a year's Chen, wu, lee's "three carriages" era - last August 17, the listed on America's nasdaq an announcement hua youshi discipline, renamed "cool 6 media". ChenTianQiao this date resigned as chairman of board of directors a duty, the incumbent independent directors and audit committee chairman wu zheng served as the chairman of the company, cool 6 nets founder LiShanYou ceos; Meanwhile, ChenTianQiao will serve as board by the newly established compensation committee, enterprise development and finance committee chairman.

This is a counterbalance results: hold more than 10 per cent stake LiShanYou personality strong, team control is very strong also, suitable for the job; CEO Behind the scenes ChenTianQiao taking big shareholders, still dominates compensation and financial power; And as chairman of wu zheng, as he himself admits, its identity is more like the LiChen palliative agent between.

Now, this balance is broken again.
Is no longer "their children"
14 morning, ChenTianQiao surprise visit cool to 6 nets headquarters, middle managers directly above sermon. ChenShouXian contradicted yourself with LiShanYou disputes rumour, then outline a portrait of "LiShanYou times" cool after six vision chart: from "the dissemination oneself independent viewpoint (1.0)" to "each user has independent viewpoint (2.0)" change, creating everyone has the independent viewpoint, paying attention to the user dissemination and platform of strength, meet video review of 2.0 development demand.

This LiShanYou think linking-up with the "big" mode are completely different.
In late 2009, cool and shanda's hua youshi discipline, which is still at the beginning of the merger holds nearly $50 million in cash, wireless and music business, and after stripping to grand won 3724 million dollars in cash.

After LiShanYou with large amounts of cash, in 2010, pledged to put three million yuan, in copyright, bandwidth and new media content and attack, face to face with optimal cool, potatoes, establish cool video website video industry in the status of six. At the time, lee had called about 100 sohu kibaki party, the feeling of the world is obvious.

However, the "honeymoon" LiShanYou began after ChenTianQiao gradually up disputes with 6 nets, reason is "cool" large model "future walk or" media model ", ChenTianQiao hope cool 6 May abandon the purchase of copyright and operating bandwidth costs, turning to the film lower-cost route of video news information operations. This strategy was LiShanYou as a representative of the fierce opposition management. Reports emanating from even recently, cool inside meeting, six management LiErRen Chen produced in dispute. L let cool about six executives made ": there" choice. This blatant directly causes the showdown events, the departure of li.

A person close to cool for the six Chinese entrepreneurs, "said between ChenLi of private relationship is still good, as for so-called route the struggle for the fundamental reasons for leaving not lee, whether large mode or media mode, were not able to make up for the trend of six continued losses cool. So, rather than leaving their disagreements, because as someone must stand up for cool 6 a years of poor performance. And this man, for LiShanYou only is."
Tossing a year of LiShanYou, didn't really can produce a recognized that Chen results. This year, optimal cool listing, potato realization earnings, backed by baidu slowest of strange arts PPTV obtain rapid rise, SunZhengYi huge capital injection, all this in instructions, cool from entering the first group of six target seems to be getting far.

LiShanYou quit in 10 days ago, cool 6, according to the 2010 earnings issued throughout the year revenue 2030 million dollars; In contrast, just listed the near optimal cool for 5870 million dollars. But the input side, cool 6 cost plus operating expenditures is more than $60 million, and optimal cool quite. This ultimately lead to cool 6 loss 5150 million dollars, and optimal cool is $31 million.

More severe, cool 6 nets at the end of the cash and cash equivalents for about $2730, its quarterly business consumption is about 980 million dollars. This means that in cool 6 nets under the condition of the continuous loss, funds can only maintain three quarters of operating expenditures.
Cool ShenXiao 6 nets CFO, responded that does not exclude the refinancing likely. Continuous blood loss or refinancing, apparently ChenTianQiao can't stand, right now, in the copyright and bandwidth costs high film lower-cost route, and choose between news information route, easier. After all, cool and revenue growth and rely on grand in TieQian not measures. Long-term
Moreover, grand main business games recently encountered in literature, coupled with the pressure for sales, ebook, film and television and mobile Internet domain all kinds of action, do not want cool 6 nets involve too much energy.

Cool 6 after many share-dilution later, in front LiShanYou and his investors, the entrepreneurial team has lost a voice for to Chen, cool but big a star pawn just. As for lee, cool and is no longer "their children".

There is little need to pay attention to, compared with the 18 ChenTianQiao acres of mode, more important is cool, this six media properties from it be the failure of early merger is evidenced in sina. So, always since then, cool money purchase original six films, in the meantime, the construction of the liberal media also cost. During the World Cup last year, cool six spend 20 million purchase video website World Cup and organize the exclusive rights "reality show" activities - World Cup to the men and women in the same eight upholding villas, all activities be BST. This is a good creativity, unexpectedly, a few days later LiShanYou received ChenTianQiao telephone: "you see jiangsu TV's" the sincere not faze ", world all know. You do, who all don't know!"

After the World Cup, cool and accelerated the video media concept. LiShanYou once said: "ChenTianQiao had measures all video website, he wants to build a media group, and cool the gene is 6 nets media." Even at this time, LiShanYou heart, will have a large model attracted him.
In GongYu seems strange art nets CEO, "do large or do news is not the most important, the most important is to investors and management team opinions cannot have the too big difference. If differences implacable, this business is bad to do basic."

The final choice, of course, is only the LiShanYou out of. Lee from added an attributive given to out - "wisdom".

Memorable LiShanYou out is, in some days before midnight, ChenTianQiao give LiShanYou message: "I decided to give your dozen cause XXX, I think you should than he is."
"XXX refers to the very famous investor." LiShanYou explained.

Crazy video
ChenTianQiao LiShanYou walked, the future for cool 6 planning, still has a lot of uncertainty.
Chen description of the video "Web2.0", actually is the earliest video website caused people concern with Youtube mode, the site Twitter, Google and Facebook, called the "four big king kong Internet application.

So the video website, domestic from birth first day offering up "Web2.0" flag. 56 nets, potato nets, best actor, LiuJianFang, cool 6 etc is dozen "video sharing" banner, praise highly personal video clips, uploading to create "pat guest" concept.

Unfortunately, even if is such a video "Web2.0 the earliest, so far," failed to produce a satisfactory answers for investors. Rely on users to upload video, although omit buy copyright cost, but in the server and bandwidth expenditure, its spending equally stunning. Although be moneybags Google acquired - and still do not profit.

Homogeneity, forcing the competition of domestic video sharing website, must find a new road.
This time, Hulu was born, this is a Hollywood film company by several video website of a joint venture, main long high-definition video, commonly known as the "big" movies. The good news is, has entered the earnings stage. This also entertained domestic numerous video site Hulu mode, in succession began to learn the most typical is gem companies joy fox and baidu's odd art nets. In optimal cool before listing, gu yongqiang also abandoned "China positioning, Youtube" optimal cool mode will be described as "Hulu + Netflix". The latter is also a copyrighted video website, to demand payment or month pay for major revenue model.

Hulu mode, however, it is not easy to copy. Because America's video copyright highly centralized, basically concentrated in several Hollywood mogul hands, giant and very mature between the industry consultation mechanism, so the content acquisition cost stable, predictable. But in China, there are thousands of film and television production company and industry is in their state, so once video copyright race, the original outbreak price will rise of resources. Facts are so, cool and cool 6 with preferential treatment to see, the two companies topping the costs are used to purchase content in 30%, and another 30% of the cost to purchase bandwidth.

Hulu LiShanYou in the road makes China a year later, left hand founded the cool, cool 6 6 will be carried out under the planning ChenTianQiao once transformation. And optimal cool, potatoes, strange arts are also continues to burn money to maintain. But in the content cost, broadband under the premise of cost, high earnings video industry stable and sustainable path is still uncertain.
At present, all video website in front with three road, "big" movies, "media" and "sharing". No matter which kind of mode, have to face an awkward question - the industry burn money, not the overall profitability.

"LiShanYou go, again proved that sentence, not profitable enterprise is evil. It was to him, really painful is free ChenTianQiao, a self value buys hope, an annual kui off half a perfect spatio-temporal profit baggage, that is what kind of heart." the pain of cone Micro bo, somebody wrote.

About the Author: I am Amanda xzh from Cheap On Sales,
http://www.cheaponsale.com/ contain a great deal of information about steam press iron,

Keywords: steam press iron,dome ccd camera,v3 razr pink,

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