Reborn as a tycoon in Hong Kong
Chapter 202 Zhonghe Game Company
"Ellen, there is something I would like to consult with you and hear your opinion."
Phil Smith said to Lin Baicheng solemnly.
"you say."
Lin Baicheng was a little confused as to what Phil Smith was so serious about.
"That's it. I also want to make games and open a game company. What do you think?"
Phil Smith asked a little cautiously. Galaxy Game Company was so profitable, so of course he also wanted to open a game company, but he didn't want to break up with Lin Baicheng and lose his exclusive agency rights.
You know, being the exclusive agent of Galaxy Games is very profitable, and this is a visible benefit. There is no guarantee that you will make money if you open a game company, and even if you can make money, it is hard to say how much you can make, so of course he doesn't want to lose a big deal for a small amount.
"This is your freedom Smith, of course I have no objection."
Lin Baicheng was not angry. After all, he and Phil Smith only had a cooperative relationship. It was normal for the other party to want to enter this industry when he saw making money by making games. The gaming industry has never been short of rivals, and he doesn't think Phil Smith's newly established gaming company will become a rival to Galaxy Games, so he naturally won't object to Phil Smith entering this industry.
Phil Smith couldn't help but said after hearing this: "Alan, you won't stop giving games to me as an agent because of this, right?"
"If you are worried about this, Smith, then don't worry, this will never happen, and the cooperation we should have will continue."
Lin Baicheng immediately reassured Phil Smith that changing to a new agent might affect the sales of arcade machines, and he would definitely not do it for no reason.
"Then I'd like to thank you first, Allen."
Phil Smith was overjoyed when he heard this, and then said: "Alan, Thomas, how about you also contribute some money and let's start a game company together?"
“Goldman Sachs would be more than happy to fund it if Allen was willing to participate.”
Wade Thomas looked at Lin Baicheng and said that Phil Smith had informed him before this happened, but he would not have confidence in establishing a game company without Lin Baicheng's participation. Therefore, Lin Baicheng had to participate before Goldman Sachs was willing to take a stake.
Seeing the two people looking at him, Lin Baicheng could only say: "Smith, Thomas, you should know that I have my own game company, and I have many businesses. It is impossible to spend energy to develop another game company."
Phil Smith immediately said: "Alan, what's the point? After the company is established, you don't need to manage it. You just need to give some advice on game development."
"yes."
Wade Thomas nodded in agreement.
Lin Baicheng did not agree immediately, but asked: "Smith, do you also want to play arcade games?"
"That's right."
Phil Smith didn't deny it.
"Compared to the arcade market, I am actually more optimistic about video games, which is the market brought by Atari VCS."
Lin Baicheng said: "So, if you want to set up a game company, then don't enter the arcade market, but only do game software research and development, and then sell it through the Atari VCS platform."
Phil Smith frowned slightly: "The Atari VCS platform is a bit too small."
"Alan, there should be more market for arcade machines."
Wade Thomas also said that as of now, the arcade market is much larger than the video game market.
"In my opinion, video games will be the development trend of the future game market."
Lin Baicheng felt it was necessary to reveal something to the two of them: "To be honest, Galaxy Games is also developing its own game console, and its main business will shift to this area in the future. It is true that there are still more people playing arcade machines, but I believe that, In the future, more people will play video games, because video games can be played at home without having to go to the arcade."
"That's true."
Wade Thomas nodded thoughtfully, this seemed to be more convenient.
"Alan, do you think this is okay?"
Phil Smith thought for a while and said: "After the game company was established, the company still developed arcade games at the beginning. However, it did not make the finished products by itself. It only developed the software part and entrusted Galaxy Games to produce the finished products. After the Galaxy Games console comes out, what if If the sales are really good, how about the company turning to developing console games?"
"fair enough."
Lin Baicheng nodded. The reason why he agreed to establish such a game company together was so that there would be one more game content manufacturer for the console in the future.
Although the console of Galaxy Games will review the games developed by game content manufacturers, not all games can be released on the console of Galaxy Games, but the more manufacturers, the better. After all, only a large enough number of manufacturers can select high-quality games.
"Ellen, since you don't object, it's settled."
Phil Smith immediately said that with the participation of Lin Baicheng, a person who has developed extremely well in the game industry, this company believes that it can do a lot.
Lin Baicheng asked aloud: "How to distribute the shares?"
"Alan, how about you take 40%?"
In this game company, Lin Baicheng currently seems to be the most important, so Lin Baicheng's shareholding must not be less, otherwise Lin Baicheng will definitely not pay much attention to it, and it will be meaningless to bring him together to establish this company.
"Okay, I have no objection."
Lin Baicheng nodded, 40% of the shareholding was already quite a lot.
"I hold 35% of the shares and Goldman Sachs holds 25%. Is that okay?"
Phil Smith looked at Wade Thomas. Among the three parties, Goldman Sachs was actually dispensable, because both Lin Baicheng and Phil Smith lacked the capital to establish a company.
"I think Goldman Sachs can hold 20% of the shares. I am willing to invest 5% and work with you."
Wade Thomas smiled and said that the possibility of this company's success is still very high, so Wade Thomas is willing to pay some money to become a small shareholder.
After hearing this, Lin Baicheng and Phil Smith did not object to Wade Thomas making profits for himself. The company's growth and development harmed Goldman Sachs' interests and had nothing to do with them. Goldman Sachs holds 20% of the shares. When you need help from Goldman Sachs, these shares are enough for Goldman Sachs to help, no less than 5% of the shares.
After that, the three people discussed the name of the company and decided to call it Zhonghe Game Company.
The company's registered capital is US$10 million, with each company contributing capital in proportion to its shareholding.
Lin Baicheng wanted to invest US$4 million, which was trivial to him and he didn't take it to heart at all.
The day-to-day management of the company is left to Phil Smith, and Lin Baicheng only needs to make some suggestions on game development. This is what was agreed. Lin Baicheng didn't have to do things like set up a company, find office space, recruit people, etc.
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