Music as complete before the end of sports financing over 7 billion yuan last year, a loss of 600 million

Over the past six months, the music, as the sport moves frequently, business play princess games valuation soared. Artesyn Technologies today exclusively learned that music, as the sport will be completed by the end of 3 B round of financing, financing amount of over 70 billion yuan investment in physical music before valuation 13.5 billion yuan, 20.5 billion yuan after the valuation of investment. Music, as the sport originally planned to be adopted by about 18% after the IPO financing of 3.0 billion, accounting for the financing of the total share capital. Today, the music, as the sport of financing beyond the previously expected 1 times even more. Music as complete before the end of sports financing over 7 billion yuan last year, a loss of 600 million Music, as the sport in 2014 only 107 million yuan in revenue, gross loss of 139 million yuan; As of November 30, 2015, music, as sports revenue of 291 million yuan, gross loss of 384 million yuan, a net loss of 569 million yuan, is expected to annual loss of more than 600 million. The main cause of loss: continue to invest Rights Physical loss of music as a very important reason is that in the past year significantly increased the music, as the Sports Rights input. In September 2015, announced that from 2016/2017 Overall appraisal of music, as the sports season, is eligible for the next three seasons in Hong Kong, China's Premier League broadcast exclusive rights. Music, as the sport is eligible for the ICC Champions Cup tournament exclusive right to operate in China, the right to operate the city marathon tournament, Women's Super League tournament exclusive right to operate, and the Wukesong Indoor Stadium reached a strategic cooperation, create intelligent building (analog MSG). Sport is also involved in music as intelligent hardware, establishment of a joint venture with Dove intelligent push bike with an electric science and technology joint venture set up joint development of unmanned aerial vehicles, and set up joint R & D Shu Hua intelligent treadmill, running community and to acquire and operate the smart bracelet manufacturers. Music as complete before the end of sports financing over 7 billion yuan last year, a loss of 600 million From the overall trend, the music, as the sport in 2016, will they lose more, as compared to revenue, greater investment in physical music. As January 19, 2016, reached a depth of Beijing Guoan and music, as a strategic partnership, will begin comprehensive strategic cooperation in club management, brand building club, the club youth system construction, 100 million music as sports title Yankees. January 27, 2016, to 300 million yuan music as sports sports anchor on the price to acquire the entire share live TV platform Octopus. After the acquisition, the octopus will be music as TV sports broadcast platform's UGC. February 23, 2016, music, as the Austrian power sports body announced the formal establishment of a comprehensive strategic partnership to 2.7 billion yuan won the Super League two seasons in 2016 and 2017 exclusive new media broadcast rights. Sports HD Live music, as will all 240 games in the new season, and broadcast in the United States, India, Singapore, more than 30 countries and regions. So far, Super broadcast officially entered the "Internet" time, and comprehensive into the Super Times Pay. Music as complete before the end of sports financing over 7 billion yuan last year, a loss of 600 million Music, as the sports main business of several large, namely event operations, sports media, sports marketing, sports, intelligent hardware, the future may be involved in club operations, venue operators, sporting data, sports lottery, sports ticket, fitness and tourism . Music as complete before the end of sports financing over 7 billion yuan last year, a loss of 600 million Music as the realization of the sports content including homemade IP, copyright monopoly resources, hardware, games, lotteries play nail games and other cash points. However, from the expected future period of time, the music, as the sport is expected to continue at a loss. Continued introduction of well-known executives March 16 this year, the music, as the sport announced that former beauty CCTV anchor Liu Xi language officially joined the music as sports, music, as the sports agency to become a partner. Music, as the sports agency is a wholly owned subsidiary in March 2016, as the sport's newest music, and sports and entertainment aspects of the business including marketing planning, brokerage athletes, sports public relations and propaganda. Music as complete before the end of sports financing over 7 billion yuan last year, a loss of 600 million This is another music as sports executives last half year introduced. To April 1, more heavyweights, CCTV 5 sets godfather, worked Infront China over 7 years of veteran, 63-year-old Ma Guoli will join music as sports, music, as the sport became vice chairman. Ma Guoli said in an interview a few days ago, he is not afraid to shatter a lifetime's reputation. Ma Guoli said: "there must be such an opportunity to join a dash to the fastest digital platforms, from personally meet my curiosity." Behind the high investment have signed an agreement on gambling Music, as the recently announced sports, movie stars and music, as the sport became Honglei B round of financing shareholders. Music as the official Sports CEO Lei sword in the micro, said: "I feel happy body the addition of a color value play, red Brother Ray play kids games said that he wanted to organize music as Sports team, he is the captain, now recruiting members." In the March 16, Caesar HNA Tourism Group announced that, to be invested 600 million yuan investment in Jiaxing Wing civilized body Investment Partnership (referred to as "Jiaxing Fund"), after the establishment of the fund planned to participate in music, as the 1.2 billion yuan Sports Series B financing. Announcements, Jiaxing fund capital investment and by HNA HNA Capital Group first initiated the establishment of Hainan Airlines Caesar travel to new limited partners joined the Fund. After the founding of Jiaxing Fund, planned to participate in music, as the 1.2 billion yuan Sports B round of financing. Notice also shows that music as sports B round of financing of 70 million yuan, the B round vote before valuation 13.5 billion yuan, 20.5 billion yuan after the valuation of investment and, after completion of this investment is expected to Jiaxing fund holds 5.85% stake in music as sports. Music as complete before the end of sports financing over 7 billion yuan last year, a loss of 600 million After the music, as the sport B round of financing, valuations quickly jump up. Only in April 2015, after the music, as the valuation of sports A round of financing investment 2 billion yuan, 220 million yuan financing, April 2015 A + after round of financing investment and valuation of 2.84 billion yuan, 579 million yuan financing. Music as sports crazy throwing money literally punched a high valuation, of course, music, as the sport has paid the price. This means that the music, as it sports a total of 34.14% of the equity transfer, equity dilution ratio is quite substantial. In addition, the music, as the sport has also signed an agreement on gambling. The original shareholders of the Company (interactive Lele, Beijing Peng wing Letv) shared commitment to music as sports must complete listing of accredited investors in 2018 before December 31. Otherwise, the original shareholders will be investors (and members of the investment decision alone respectively) issued in writing within two months after the repurchase requirements, according to "the lowest return of all investment funds + 12% / year (simple interest) calculated" in cash to acquire the entire equity interest held by some investors as music and sports company to pay the full price. Recently there are rumors that the strategic new board intends to suspend, music, as the influence of sports experience. In this regard, sports music, as CEO Lei play hair games Jian Artesyn Technologies, said the company does not stand for a new strategy sprint board, new board strategic pause will not affect the company. Lei Jian said, "From the trend, the future exchange market will receive more attention. Strategic Emerging board suspension affects two aspects, for high-quality companies, the main business was good, he is not afraid of bad business operations is concerned, it is a blow. "