Li Ruigang's stake in Hong Kong TVB Media Empire is about to emerge

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After integrating the "Oriental Pearl" and "Blockbuster" hundreds of billions of media empires, Li Ruigang made another move! Hong Kong Television broadcasts Limited (TVB) announced at 5 pm on the 22nd that the Communications Authority of the Hong Kong Special Administrative region Government had approved the change in the shareholding of its single largest shareholder in the investment group. Li Ruigang's investment company has completed the delivery of its investment into shares.

After integrating the "Oriental Pearl" and "Blockbuster" hundreds of billions of media empires, Li Ruigang made another move! Hong Kong Television broadcasts Limited (TVB) announced at 5 pm on the 22nd that the Communications Authority of the Hong Kong Special Administrative region Government had approved the change in the shareholding of its single largest shareholder in the investment group. Li Ruigang's investment company has completed the delivery of its investment into shares.

after integrating the "Oriental Pearl" and "Blockbuster" hundreds of billions of media empires, Li Ruigang has made another move!

Hong Kong Television broadcasts Limited (TVB) announced at 5: 00 p.m. on the 22nd that the Communications Authority of the Hong Kong Special Administrative region Government had approved the change of equity of its single largest shareholder in the investment group. Li Ruigang's investment company has completed the delivery of its investment into shares.

TVB announced today that Mr. Chen Guoqiang will continue to serve as Chairman of the TVB Board, and Mr. Li Ruigang will become a new member of the Investment Group, working with Mr. Chen Guoqiang, Ms. Wang Xuehong and Providence Equity Partners.

Mr Chen Guoqiang said: "Mr Li Ruigang has rich experience and expertise in many fields, including television, film, entertainment, advertising, sports and the Internet. His insights and resource networks in the radio, television and media industries have helped to further expand the core business of TVB-Chinese programming. At the same time, Mr. Li Ruigang is one of China's outstanding media entrepreneurs and has made a number of well-known deals with global media and entertainment industry leaders, including Hollywood film industry leaders. He will help promote and promote the development of TVB in film production, Internet new media and other areas. "

TVB announced on January 26th that a consortium led by "Shell King" Chen Guoqiang had bought a stake in TVB26% from Shaw Brothers, a major shareholder of the company, which the market described as "the end of the Shaw era of TVB". TVB has been at the helm of run run Shaw for 43 years. In 2011, Chen Guoqiang, Wang Xuehong, Taiwan's richest woman, and ProvidenceEquityPartners, an American fund, formed a consortium to buy the 26% TVB stake held by Shaw Brothers for about 6.2 billion yuan. At the end of March 2011, Shaw Brothers held only a 3.9 per cent stake in TVB, according to the Stock Exchange. Chen Guoqiang has a long history with TVB. In 2005, Chen Guoqiang spent 350 million yuan to buy 51% of TVB's pay TV shares, but the performance of pay TV was poor. Chen Guoqiang sold the shares back to TVB for about 200 million yuan in 2009.

after the equity change, the final voting controller and intermediary holding wireless voting shares remain unchanged, and wireless chairman Chen Guoqiang remains the final voting controller holding 26% of wireless voting shares. The transaction was completed today (April 22) and the change of equity interest in Wireless took effect on the same day.

and this new shareholder, "Chinese Culture, Media and Entertainment Investment Co., Ltd.", belongs to the Chinese Cultural Industry Investment Fund (CMC), and the chairman is Li Ruigang, who is called "China Murdoch" by foreign media.

interpretation of Li Ruigang's "Media Empire" Building History

first step: buy Star Media

as one of the most important investment institutions in China's media industry, CMC has successfully covered the scope of investment in Hong Kong by investing in TVB this time.

"Li has been wandering between the system and the ideal for many years, and is a rare political and business amphibious figure in Shanghai and even in the domestic media industry." Li Ruigang's old friends for many years made such comments.

Li Ruigang graduated from the School of Journalism of Fudan University in 1994 and then joined Shanghai TV Station as a news editor and documentary director. In May 2001, he was appointed Assistant President of Shanghai Culture, Radio, Film and Television Group. From 2001 to 2002, he worked as a visiting scholar at Columbia University in the United States, studying media management and management. Shortly after returning to China, Li Ruigang was appointed president of SMG, which was formed by the merger of Oriental Television and Shanghai Television. At the age of 33, he became the youngest local radio and television media leader in the country. Under his push, SMG successfully created media brands such as BesTV IPTV, Oriental Satellite TV, first Finance and OCJ Oriental Shopping, and completed the reform of the separation of radio and television production and broadcasting in the country. At the same time, the group's income also increased from 1.8 billion yuan to nearly 17 billion yuan during his term of office.

in August 2011, Li Ruigang was transferred from Shanghai Culture and Broadcasting system to become Deputy Secretary-General of the Shanghai Municipal CPC Committee and Director of the General Office of the Shanghai Municipal CPC Committee. But just a year later, Li Ruigang left the system to focus on the operation of CMC. In early 2014, at the invitation of Han Zheng, secretary of the Shanghai Municipal CPC Committee, Li Ruigang returned to Shanghai Wenguang as party secretary and chairman, and made efforts to promote the reform of "big and small Wenguang". & nbsp;

on August 9, 2010, the Chinese Culture Industry Fund announced that it would purchase a 53% controlling stake in Star TV Mandarin Channel, Star International Channel, Channel [V] Music Channel, and Star Chinese Film Library business. The price of the deal is about 1 billion yuan, according to people close to the deal. Li Ruigang did not disclose the specific price to China Entrepreneur magazine, but this is the first time since the establishment of the Chinese Cultural Industry Fund.

some media have reported that when Star TV, which is losing heavily in China, is looking for a buyer, Murdoch intends to package and sell his assets to Liu Changle of Phoenix Satellite TV, an old friend, but Liu Changle is not very interested. What is Li Ruigang's purpose of taking over? First, the content of the program can be landed outside the mainland through Star Satellite TV; second, with the "Murdoch" label, its "market-oriented" identity can be strengthened when negotiating with foreign institutions.

step 2: open the capital map through CMC

in the summer of 2012, The Voice of China detonated the TV screen. The production cost of a TV variety show is more than 100 million, which is completely in accordance with the production level of first-class blockbusters, subverting the shoddy production and low cost of TV variety shows in the past, and creating the miracle of "breaking five percent" in ratings and 1 billion in advertisements.

to sort out the ownership structure of Canxing production, the major shareholder behind it is Star Chinese-the relationship with Li Ruigang can be guessed from the name. The Chinese Cultural Industry Fund holds 53% of Star Chinese, Star Media owns 47%, and the core production team of Canxing all comes from Li Ruigang. Founder Tian Mingming is a classmate of Li Ruigang and vice president of Li Ruigang. In charge of Oriental Satellite TV variety section, Oriental Satellite TV variety show "come on!" "Hero" and "China's got Talent" are all written by him, which is the team that Li Ruigang carefully "hatched" over the past decade.

through the Chinese Cultural Industry Fund, he now has more space. In Li Ruigang's view, the Chinese Cultural Industry Fund is still warming up. He divided the fund into three stages: in the first stage, he was still president of SMG, and the fund team only worked on one case, that is, Murdoch's Star Satellite TV; in the second stage, he entered the government and the fund was in an extended period, during which Starsky developed and did programs such as "good Voice" and "got Talent". At the same time, signed DreamWorks, but because he is still in the government, the fund has not fully exploded, "the full explosion is after I left the government, I focused on this field, strictly speaking, from July and August in 2012 to the present." Li Ruigang said.

later, Li Ruigang returned to Shanghai Culture and Culture Group, responsible for integrating the "Oriental Pearl" and "Blockbuster" projects and building the first media aircraft carrier after the "state-owned enterprise reform." CMD (China Chinese Cultural Industry Fund) has also entered the third stage.

Li Ruigang has no need to hide his huge ambition: to become the trader of the "big culture" industry. His new plan is that the fund platform, supported by the original Star Media and TVB, will enter the field of tourism and performing arts, and extend to the new media platform.

step 3: integrate the "Oriental Pearl" and "Blockbuster" hundreds of billions of media empires

"when Da Wen Guang and Xiao Wen Guang merge, the merger of Blockbuster and Oriental Pearl is imminent. Because according to the relevant regulations of the state, there can not be two listed companies with competitive business in one group. And Blockbuster and Oriental Pearl obviously have a large overlap. " Wei Wuhui said.

unlike the previous evasion of stock price and market capitalization of most listed companies, the merger of BesTV and Oriental Mingzhu puts forward a clear expectation of the market capitalization of the new company-100 billion. As early as September this year, in some media reports, the "100 billion aircraft carrier" was repeatedly reported, and at the investor exchange meeting on November 22, the management of the newly listed company directly put forward the demand for a market capitalization of 100 billion yuan.

Today, Blockbuster (600637) and Oriental Pearl (600832) both go up by the daily limit, each with a market value of 71.09 billion yuan and a market value of 67.13 billion yuan, which adds up to more than 130 billion yuan. I have to say that the task of the "100 billion market capitalization" media empire has long been completed, so what does Uncle Li want to do next?

after accomplishing the goals of "acquiring Star Media", creating "The Voice of China" super IP, and integrating "hundreds of billions of market capitalization", Li Ruigang's ultimate goal is very simple-- that is, China's "Murdoch". A "China Dream Fleet" media fleet with strong channels, high-quality content, state-owned assets background and iron fist style is about to surface!

Edit: vian