Domination in America, Starting from being a Boxing Champion-Chapter 483 - 396: Investment and Banishment_2

"I've already started to establish a Link music subsidiary in Los Angeles and buy a large recording studio. Work for the company can also be handled there in the future."

"No problem, you're in charge; I'll be responsible for giving the thumbs-up."

Link said, looking at the newspaper.

"Additionally, last year our company's earnings reached 180 million US Dollars. After dividends, we still have a balance of over sixty million, without a penny in debt. For a company, this situation is not reasonable.

Consulting firms on Wall Street also say our Link music industry structure is too singular, and our development is relatively conservative. The consulting company suggests we diversify, trying to venture into the downstream industries of music to increase the company's industrial scale, such as music players, headphones, or music websites. Do you have any recommendations?"

"Is Link music singular? Don't forget we also have the SB project talent agency. But you're right, too much balance is also not good, so it's time to make some investments."

Link thought for a moment before speaking.

"Oh, what are you planning to invest in? I trust your judgment more than those Wall Street guys."

Eva put down her silver spoon, looking at him seriously.

"Let's talk while we eat; don't turn the dining table into a conference table. As for the music players you just mentioned, there's no need to invest. Nowadays, listening to music on mobile phones is very convenient; music players don't have much market. Regarding headphones, we don't understand the business, and there's no need to meddle."

"We could acquire a niche headphone brand, or partner with a big brand to launch Link music brand headphones, mainly targeting fans. Based on your and Link music's artists' fan base, the market scale could reach hundreds of millions."

Eva explained the operation process of branding the headphones.

Link thought for a moment; it was almost like selling celebrity merchandise, not a huge investment, and if operated well, it could earn as much as selling records.

"Alright, we can give it a try. Also, you mentioned music websites. Do you have any good targets?"

"The current paid music websites are mainly iTunes, Amazon Music Store, Universal Music website, etc. These platforms are supported by groups like Apple and Amazon, leaving us no opportunity to invest.

However, there are a few free streaming music service platforms doing well. I've looked into four of them, and the best performing one is Pandora Radio, which is currently the most popular music provider in the United States, with a valuation reaching 2.5 billion US Dollars after three rounds of financing.

The second is Spotify, founded in 2008 by Swedes, which has gone through one round of financing and currently values around eight hundred million US Dollars. However, because of copyright issues, last year Steve Jobs teamed up with Warner and Universal among other record companies to try to block Spotify from obtaining song rights in the United States. Spotify's domestic development has been hindered, and its future is unclear.

Then there are Aspiro and Wrapster, two new streaming sites founded in the last two years, modeled after the earliest music download site Napster, currently also having received a round of financing with a valuation around 200 million."

Eva, without using a tablet, was able to accurately recount the data and information she had seen while having breakfast, a point he highly admired.

Link considered the four streaming music platforms she mentioned.

The first to be translated as Pandora Music Box, was founded in 2003, providing songs based on the user's musical preference automatically. It is currently the largest streaming music platform in the United States, with definite investment value.

However, it lags behind Spotify's potential compared to 'Soundfield.'

Currently valued at less than a billion, Spotify will grow to become the world's largest streaming music platform in the future.

This platform has both paid and free modes, the paid model charges users 10 US Dollars per month for unlimited music, or 0.006 to 0.0084 US Dollars per song.

Link knew of this company when Taylor had a falling out with Spotify over music distribution channels. Taylor removed all her songs from Spotify in 2014, causing quite a controversy in the international music scene.

By 2014, Spotify's valuation had reached eight billion US Dollars, and by 2020 it exceeded 60 billion US Dollars.

From this point of view, Spotify was a more worthwhile investment.

The third, Aspiro, is a music platform invested in by Jay-Z, committed to providing high-fidelity music and music videos, taking the route of high-quality goods. Taylor had two albums' worth of songs on the Aspiro platform.

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Link didn't know if Jay-Z had made a move yet, but relatively speaking, Spotify was a bigger investment value.

He shared his view with Eva, mentioning they could talk to the representatives of Spotify in the United States, and if they agreed to invest, the songs released under Link music could also be distributed on Spotify. Aspiro was also worth discussing.

Eva indicated that she understood and would continue to follow up on these three projects.

Ding-ling-ling!

The breakfast wasn't over yet when the phone's ringing carried through from the living room; Link put down the newspaper and went to the living room to answer the call.

"Boss, I just got a call from the production company of 'In Time;' they're considering replacing your role."

Miss Anna said over the phone.

"Oh, what's the reason?"

"The crew originally planned to shoot in May, but due to your busy schedule, it had to be postponed to June. The crew had originally agreed, but now the production company, New Regent Pictures, refuses to agree to the delay, demanding the crew replace you. I'm communicating with the 'In Time' producer right now."

"I understand, keep up the negotiations with them, and if they don't agree, then just give up the role."

Link thought for a moment before saying.

Ding-ling-ling!

He had just hung up the phone when his mobile rang again, with Catherine calling.

"Link, director Will Guler just came to see me. Because of your scheduling conflict, Screen Gems is considering discontinuing the co-production of 'Friends with Benefits' with us, opting instead to work with the Weinstein Company."