While Nagao was speculating on why Gastar Electronic Entertainnt had so much money, he also began adjusting the investnt in his own company's funds.
Nowadays, YOO was involved in a wide range of fields.
Nagao had always been ambitious and wanted to create a super dia group that would encompass every entertainnt industry.
He firmly believed that the future of the entertainnt industry would be the most powerful money-making machine. As long as he laid a solid foundation in the entertainnt industry, his future would be limitless.
So, to achieve this goal, he had been making all kinds of entertainnt-related investnts from the very beginning.
Acquiring shares in TV stations, acquiring entertainnt production platforms, acquiring ga studios, founding his own internet video platform, creating his own e-comrce platform—everything revolved around the internet, trying to solidify the foundation of his entertainnt empire.
However, this foundation required a huge amount of money. By now, he had already spent over a hundred billion dollars.
Previously, he had boasted that he would spend billions of dollars to acquire Gastar Electronic Entertainnt, but he wasn't just speaking casually.
...
...
He truly was a visionary. At the ti, he had realized the dominant position Gastar Electronic Entertainnt held in the gaming industry. If he could acquire such a company, even if it didn't make money in the short term, YOO would eventually beco the absolute ruler of the global gaming industry.
However, Takayuki completely ignored Nagao. Nagao had no choice but to settle for acquiring dozens of large and small ga studios, which cost him around several billion dollars.
Then ca the acquisition of TV station shares. He spent about a billion dollars to acquire a 15% stake, giving him a foothold in the TV dia sector.
Next, he began building his own video and social platforms, figuring out ways to drive traffic to these platforms, spending another several billion dollars.
These two investnts were inspired by Facebook's current operation model.
Facebook rose on the back of social networking, and by accident, it beca a huge success with its video platform after the release of the Final Fantasy 7 movie. It has since beco a money-making tool with over a million paying monthly users.
Nagao naturally coveted such a video platform, so he decided to emulate it by creating a similar social network and video platform. But as a latecor, he needed more investnt to reach the scale of Facebook, and more effort to compete with Facebook for market share.
Fortunately, Japan was sowhat averse to foreign capital, especially from the U.S., and Facebook's developnt in Japan wasn't as smooth. This gave YOO's social platform room to grow.
Then, he invested another $100 million to create a dostic e-comrce platform.
Lastly, he focused on what made him successful—the internet portal and news platform.
This took up the most of his money, more than half of his total capital investnt.
At this point, his liquidity was starting to run low, which left him feeling disoriented.
What was happening? He had thought he had plenty of funds, but now it was all depleting so quickly.
But thinking about it, it was normal. All the investnts he made were long-term, bets on future success.
Now, the short-term investnts were acceptable.
However, it seed like the investors behind him were beginning to express dissatisfaction.
It might not be easy to ask for more money from them now...
With this thought in mind, he decided to temporarily halt the investnts in his video platform and e-comrce platform, taking so of the funds from those areas and injecting them into the ga developnt side.
Right now, he was focused on competing with Gastar Electronic Entertainnt for the European market. Hayakawa Ueto also supported his plan, partly because it wouldn't affect his own profits. Since Nagao was so eager to fight Takayuki, Hayakawa was happy to see this outco—he didn't have to spend much money and still had a powerful ally.
Having made his decision, Nagao called his assistant over and told him what he planned to do.
"Mr. Nagao, our gaming business departnt is actually doing fine as it is. I think we shouldn't make such a risky investnt in developing a football ga. The risk is really high, and our video platform is gradually improving, and so is the e-comrce platform. I believe we shouldn't divert funds from these two departnts. It would hurt morale and impact our future plans."
Did Nagao not know this?
No, of course, he knew. But he didn't want to think about that right now. Takayuki's near-provocative attitude had made him a little obsessive, and he felt the need to prove that his company was stronger than Gastar Electronic Entertainnt with a single ga.
Moreover, he had already invested so much in licensing fees and developnt costs. If he gave up now, it would an all that money was wasted, which he couldn't accept.
If he gave up now, the shareholders would definitely co after him.
"You've spent so much money and you want to give up? What were all your previous decisions for? Do you think that money is just yours to waste?"
Nagao waved his hand, "You don't need to worry about that. This company is still under my control, right?"
The assistant opened his mouth, then slowly nodded, "You're right, the company is still under your control."
"Then don't argue with . I'm going to do this. Do you really want to give up?"
"No..."
The assistant was ultimately just an employee.
He only expressed his concerns out of professional habit.
But if the boss didn't care, then why should he?
Still, it left him sowhat worried.
What about the future of this company?
If it were before, he would have thought the future was bright because everything had been going smoothly, the money was abundant, and as long as they got through the initial phase and stabilized their brand, the dia group would definitely succeed.
But now, everything seed a bit uncertain.
As per Nagao's orders, the funds from the video and e-comrce departnts were adjusted, and most of that money was directed toward the developnt and promotion of the football ga. About 30% went to developnt, and 70% went to promotion.
The consequences of this decision were far-reaching.
First, the sudden reduction in funding to the video departnt made Facebook, a competitor, feel much less pressure.
Reviews
All reviews (0)