Chapter 294: *Kung Fu Panda* in preparation, Penguin Video begins to consolidate funds!

"Momo, my suggestion is to slow down on the matter of producing an animated movie; it won't be too late to do it once we truly understand the animated movie market one day."

Wang Jinghua advised Chen Mo.

Momo Company had reached where it was today without ever producing a movie with a bad reputation.

She truly didn't want to let Chen Mo take this risk.

"Trust me, Sister Wang, this movie will sweep the world."

Chen Mo smiled, still insisting on his own idea.

Perhaps it was because what Chen Mo said was too certain.

Hearing his confident and firm tone, Wang Jinghua was inexplicably somewhat convinced.

"Alright, then I'll go find people to make preparations."

Wang Jinghua gritted her teeth and agreed with Chen Mo's idea.

Anyway, Momo Company was able to reach where it was today entirely because of Chen Mo; even if the risk of this matter was high, she was willing to trust Chen Mo's judgment.

With the matter left for Wang Jinghua to handle, Chen Mo was very at ease.

After hanging up the phone, he began to focus on preparing for his own affairs.

……

A few days later, in the Chinese entertainment industry.

Every move of Momo Company was highly anticipated.

Chen Mo had just decided to produce an animated movie, and the news spread throughout the entire entertainment industry during the preparation period.

One had to know that Momo Company was currently the weather vane for the film and television industry in China, and even the whole world.

Basically, every film or television series released would cause fluctuations in the entire industry.

Therefore, industries related to entertainment would follow the actions of Momo Company, either starting to prepare related products or preparing a large wave of copycat works.

This time was different.

Since learning that Momo Company was going to produce an animated movie, not a single enterprise in the entire entertainment industry made a move.

The reason was also very simple.

If what Momo Company was going to produce was a live-action movie, there would definitely be enterprises in the industry making moves right now.

But what Momo Company was going to do this time was an animated movie.

Absolutely no one was optimistic about it.

For any Chinese entertainment enterprise, this couldn't even be called venture capital, because there was simply no return to be seen.

"Momo Company will definitely lose a fortune this time."

"I estimate this will be their first movie that won't even break a million in box office."

"Doing the animation industry in China, it sounds like a fantasy."

"Chen Mo is still young and impulsive after all."

"Sure enough, every company will have times when they make mistakes."

The industry was very confused about Chen Mo's decision this time.

The domestic animation industry simply couldn't get moving.

Except for the 90s, for so many years, not a single good animated movie had been seen.

Even the Chinese people themselves couldn't accept it, let alone going international.

Besides, even internationally, there were only a few companies that could make good animated movies.

Companies like Pixar and DreamWorks; other film companies didn't even dare to touch this industry.

Momo Company was definitely going to lose money this time.

The voices of doubt from the outside were very loud.

They simply couldn't imagine what kind of animated movie China could make.

Chen Mo ignored the voices from the outside and instead had Momo Company recruit the best animation teams globally.

He had the plot and the creativity.

He only needed to find a team that could make the animation visuals more high-definition and realistic.

……

"Brother Mo..."

Xu Xiaofeng looked at the data sent by Wang Jinghua, her little face all scrunched up.

"Are you really planning to make an animated movie? Pixar just released news saying they are preparing a new animated movie, *Ratatouille*, and there is also another movie called *Alvin and the Chipmunks* being produced abroad at the same time."

The more she said, the uglier Xu Xiaofeng's expression became.

Everyone knew what it meant for Pixar to release news at this time.

It was clearly a deliberate mockery of Momo Company's production of an animated movie.

They wanted to make Momo Company retreat in the face of difficulties.

Now, netizens on the internet also held this view.

Even if Momo Company released an animated movie when there were no competitors, no one would watch it.

Not to mention that there were now competitors at the same time.

And the competitor was Pixar, one of the world's three major animated movie production companies.

*Kung Fu Panda* was destined to flop.

"I know."

Chen Mo gave a grunt, looked at the missed call on his phone, and didn't take what Xu Xiaofeng said to heart.

It was a call from Pony Ma an hour ago.

He called Pony Ma back, not knowing what Pony Ma was looking for him for.

Seeing Chen Mo's unhurried appearance, Xu Xiaofeng was worried to death.

However, since Chen Mo wasn't in a hurry, there was nothing she could do.

After all, all decision-making power for Momo Company was in Chen Mo's hands.

She could only worry that Momo Company would lose money this time.

"Hello, what's up?"

Chen Mo dialed Pony Ma's phone.

"Momo! Penguin Video's users have cumulatively exceeded 20 million; it is currently the video website with the most registered users in the country!"

Pony Ma's voice was very excited.

If it were at the speed he was building the video website himself, it would take at least a year or two to compete with PPS, Youku, and Tudou.

Chen Mo only proposed the copyright acquisition plan, and they had monopolized most of the market so quickly.

They had rapidly accumulated so many users.

Chen Mo's business acumen was very much worth him learning from.

"Now that the user volume has accumulated enough, I think it's time to consolidate funds; let's start the VIP paid mode starting next month."

Pony Ma had already thought about the next business model for Penguin Video.

He explained it carefully to Chen Mo.

The general model was about the same as the model in Chen Mo's previous life.

That was, VIPs could watch film and television dramas for free, while non-VIP users either had to spend money to buy them or sign up for VIP to watch the film and television dramas.

VIPs were paid on a monthly basis.

9. yuan a month.

In this way, funds of nearly 200 million could be consolidated in a month, and the cost of buying the copyrights could basically be recovered in a year.

"I suggest not doing the VIP paid project so quickly; users will develop a resistance to VIP payments."

Just when Pony Ma was feeling smug about his decision, Chen Mo spoke up.

Actually, Pony Ma had also considered this point.

But no matter when the VIP paid project was started, users would definitely develop a resistance to the VIP paid project.

In the past, the public was used to watching free pirated content.

Suddenly having to pay, who could be happy?