EMI Records is very clear about it. If you want to sell yourself, you must sell it at a good price. No matter how you look at Renren Music, it is rich and powerful, which is very similar to the Japanese benzene company that bought and bought all over the world in the past few years.

Not to mention Renren Music, there is also the parent company Renren Technology behind it, and Chuke Technology behind it. In terms of capital, Renren Music is obviously the best, so Eida Records wants to reach a cooperation with Renren Music.

In the past two years, Eidai Records has barely maintained the situation by cooperating with Renren Music. The profits obtained from Renren Music account for more than 40% of the entire Eidai Records' profits, including ringtones, paid music, star concerts, MTV music, etc. As long as Renren Music needs it, Eidai Records will not hesitate at all. It can be said that it is Renren Music's most hardcore record partner.

This is also the reason why EMI Records dare not make small moves like Warner, Universal, Sony and other recording giants. Several recording giants such as Warner, Sony must have hooked up with EMI Records to invest in Spotify Music. However, EMI Records did not dare to make small moves because they were afraid of angering Renren Music. If you don’t tell anyone about it, EMI Records has already been considered as EMI to stick to its position.

When Fu Ziguo heard Chen Chu mention Eddie Records and Roger Faxon, he couldn't help but look excited on his face. Before, he mentioned to Chen Chu about taking Eddie Records. However, at that time, Chu Ke Technology had to use too much money, and Onyx Technology alone would soon absorb the funds of Chu Ke Technology, and he had no time to take care of these.

Now when Chen Chu mentioned it, Fu Ziguo felt that this matter was probably a play, so he suppressed his excitement. Fu Ziguo told Chen Chu about the relationship between Renren Music and Eida Records, as well as the current situation of Eida Records.

Just like Renren Film and Television acquired Lianmei Film and invested in MGM Pictures, Renren Music also wanted to make big moves, and it was the kind of thing that attracted the attention of the entire industry.

Take a look at Renren Film and Television, which is now incredible. No matter whether Renren Film and Television loses money or not, it now looks like a Hollywood giant. Robert Kingsor, the head of Renren Film and Television, has become one of the most powerful figures in the Hollywood and even the global film and television industry.

It is definitely not annoying to say that Renren Music, which is the same as Renren Film and Television, is established earlier than Renren Film and Television, and even Renren Technology has not made any profit. Even Facebook and Renren.com are still lying around, Renren Music began to provide funds for Renren Technology. It is not an exaggeration to call Renren Music for the entire Renren Technology to say that Renren Technology's social kingdom today has the contribution of Renren Music.

But now, Facebook, Renren.com, Renren Film and Television, which was originally a younger brother of Renren Music, has begun to surpass Renren Music. It is conceivable how this makes people feel inside Renren Music.

As the president of Renren Music, Fu Ziguo can also feel the envy of Renren Music for other departments, which makes Fu Ziguo also want to urgently change the pattern of Renren Music, at least not lag behind Renren Film and Television too much.

Eidien Music is the best breakthrough. If Eidien Music can be swallowed up, then Renren Music can truly become one of the giants in the music record industry in one fell swoop. Just like Renren Film and Television wants to win MGM, if Renren Music can get Eidien Music, it will almost completely change the pattern of the global record industry.

Renren Music has transformed from a so-called streaming music vendor and is known as one of the traditional record giants, Warner, Universal, Sony Records, etc. The relationship between Renren Music will also undergo a drastic change. It is impossible to deal with Renren Music in the past.

"European Records has not been in good condition in recent years. It is an authentic traditional record company. It is very good at publishing records and channel construction. European Records' distribution channel is the most powerful in the record industry because it is a European record company. If you want to enter the Asian and North American markets, you need huge channels!"

Fu Ziguo said, "But in recent years, the sales of record have declined severely. The huge channels of EDA Records have become a burden on it. Offices in more than 100 countries around the world have now lost almost half. In order to maintain these channels and offices around the world, EDA Records spends huge amounts of funds every year!"

Hearing Fu Ziguo's words, Chen Chu's expression became serious. He could think about how much it costs for these channels every year.

The key is that EDA Records has not yet been able to close these global departments. The distribution channels are the foundation of a record company. Just like the film and television distribution channels in the hands of several major Hollywood giants, they are their biggest reliance.

It may be just a matter of one sentence to close these issuance channels, but establishing a complete set of distribution channels may require more than ten years of continuous investment!

Now for EDA Records, the distribution department is a hot potato. It is a pity to throw it away. Whether you accompany or lose money, this is the most valuable thing in EDA Records, second only to the music copyright in your hand. I really can't bear to throw it away, but I can't afford it.

"How is the channel of Eighteen Dynasties now?" Chen Chu asked Fu Ziguo.

Fu Ziguo said, "Although the channels of EDA Records have weakened a lot in recent years, Roger Faxson has been supporting EDA Records. So far, EDA Records' global distribution channels have been retained relatively well, but due to funding issues, the channel strength has weakened a lot!"

What is distribution is promotion, publicity, and maintaining good relationships with local advertising, TV stations, media, etc. These require real money. With the current situation of Eidi Records, there is no energy to do these things and maintain the current situation, which is already quite good.

"In addition to the distribution department, the copyright and production departments of EMI Records are not very ideal!" When it comes to EMI Records' copyright department, Fu Ziguo couldn't help but show a strange look on his face. By the way, Renren Music has often made a fuss from EMI Records. The music copyrights acquired alone have exceeded 400,000 songs, accounting for almost one-quarter of EMI Records' copyright library!

"The Eidien Draft Recording Production Department and the Artist Department have fallen rapidly in recent years. Although the entire Eidien Draft Recording production department currently has production departments in Europe, North America and Asia, it is said that the Eidien Draft Recording Production Department in North America is on the verge of closing, and the same is true for the artist department!"

Chen Chu has nothing strange about these things. It would be strange if the singers signed by Edai Records don’t run away. If they can’t make money under Edai Records, they will naturally switch to other albums. Once these artists and singers leave, Edai Records’ production department will naturally not be able to hold on. These are chain reactions, and the key is that Edai Records has no money.

Chen Chu has an overall understanding of Baida Records, but the situation is not very good. Baida Records is too traditional, and its main business is records. This is the area they are most familiar with. Unlike Renren Music, an inappropriate music company, as long as it can make a profit, it must be mixed in order to survive!

This is also the characteristic of the Internet and technology companies. Mastering the latest information trends makes the concept of technology companies change very quickly. Unlike companies in traditional industries, they have such conservative concepts. If an Internet company does not make trouble or transform several times, and if you see your colleagues, you will be considered too conservative!

Eidai Records is indeed a piece of fat. The distribution department, production department, and copyright department are among the best in the record industry at present. It seems that it doesn’t make money, but the scale and quantity are placed there. Few peers in the entire record industry can do it, let alone Renren Music.

"The business of Eidien Records is indeed useful for Renren Music!" Chen Chu's words made Fu Zi feel happy, but the subsequent words made Fu Ziguo a little surprised.

Looking at Fu Ziguo, Chen Chu said, "But Baida Records is too big. Everyone's music cannot swallow Baida Records in one breath, and everyone's music cannot change the situation of Baida Records immediately!"

EDA Records is really too big, with more than 14,000 employees, which is the result of four years of continuous layoffs. In order to maintain a huge distribution department and marketing department, EDA Records has a huge staff size.

If you just swallow Eidien Music, with less than 2,000 employees around the world, after the acquisition, will Eidien Music become Eidien Music, or Eidien Music become Eidien Music?

"This..." Hearing Chen Chu's words, Fu Ziguo also frowned for a moment. He suddenly ate such a big industry. Renren Music does not have such management experience. Unlike Sony, Universal and other record industries, players who have been in the record industry for decades, who can handle such a situation easily.

Moreover, after the acquisition, how to solve the mess of EDA Records is also the top priority. If this cannot be solved, it may be the same as when Panasonic acquired MCA Global. In the end, it was not suitable for the local situation and ended up with huge losses. From then on, it has been confronted by Hollywood once a year.

Seeing Fu Ziguo's face, Chen Chu smiled and said to Fu Ziguo, "Everyone Music can try to contact Baida Records, but it is not a full acquisition. Perhaps it can acquire some departments and businesses of Baida Records!"

"Split the Hundred Generation Records?" Fu Ziguo said with a dry throat. He didn't expect that he would hear such words. If it spread, the entire record industry would probably cause a huge shock.

One of the world's five major record giants was demolished. After hearing this idea, Fu Ziguo could feel crazy, let alone others.

Then Fu Ziguo thought about it, but this was not impossible. There were many companies in the industry that were jealous of Baida Records, but there were very few companies willing to take action. Without exception, Baida Records was too large, and anyone who bites it would probably worry about being choked.

But if Renren Music is willing to take the lead, it may not be possible that no other company is willing to intervene. This is one of the giants in the record industry. There is still three kilograms of iron in the broken ship, let alone Baida Records.

"Renren Music can have contact with Eidien Music and Roger Faxon. As long as the other party has an intention, Renren Music can join forces with other companies to take action!" Chen Chu said to Fu Ziguo.
Chapter completed!