Complex behind the brand: Celebrity shareholders made double, depending on whether the valuation? -Depending on the resumption, as the network-IT information
After 5 months of suspension, as the network was finally opened on June 3, 2016 resumed.
Resumption of the previous day, said in a statement the company 4.8 billion yuan private placement approved by the China Securities Regulatory Commission.
Worth noting is that this is music, as the network increases the refinancing for the first time since landing August 2010 gem. Letv relies primarily on debt financing, single funding channels to a certain extent cause the music depending on the funding bottleneck, and the private placement was approved means that depending on the future will be "equity + debt" to leverage more funds and resources.
Meanwhile, in the 5-month period of suspension, depending on the action frequently, from music video network to the injection, depending on the film to television, mobile phones, VR, sports, cloud computing and Super cars, into the real estate business, music video depicts an "application platforms + content + Terminal +" four-ring buckled ecological, how in the world the valuation?
Funds "thirst" mitigation
Depending on the shining point of increase, is depending on the optimization and upgrading of the network and financing model.
Earlier, Chairman Jia Yue Ting said more than once that, subject to the short Board is funding. On video and Internet industries as a whole, almost the minimum equity capital of a company.
Especially in volatile stock markets and uncertainty of rumors, Jia Yue Ting, has carried out several large-scale reduction and stock right pledge.
In recent years, known as "Le car financing documents" were exposed, the files show Jia Yue Ting a lot of guarantees and pledge. Among them, as automobile financing coupon 12%, Jia Yue Ting provide unlimited joint and several guarantee.
But on the one hand, music in expanding their enterprise boundaries. From music video network to view pictures, and then to the TV, cloud computing, mobile, VR, sports and Super cars, music video depicts an "application platforms + content + Terminal +" four-ring buckled ecological, diversified funding pressures behind the layout is not small.
General announcements, as the network intended to not more than 5 persons for a specific object, issue more than 155 million shares to raise funds no more than 4.8 billion yuan, will be used for video content library construction project, application technology research and development projects and brand marketing system construction project.
Among them, the refinancing of construction project funds mainly for video content sources, in the amount of 4 billion yuan, which cost 2.3 billion yuan in the first year, second year spent 1.8 billion yuan also application platform technology research and development projects and brand marketing system-building project is 400 million Yuan.
2015 report shows that as net major revenue sources for the terminal business, advertising, members and business and technical services. Once the 4.8 billion fundraising, music videos in the accumulation of copyrighted content, and self-control will be greatly enhanced, to companies in the online video industry continues to maintain its competitive edge and improve vision in intelligent Terminal and cloud application platforms, as well as technical areas such as competitiveness.
Another investment analysts that the 4.8 billion increase approved smoothly, will completely eliminate music depending on the fast-growing financial pressure, ecological globalization an important guarantee of landing.
Letv ecological valuation?
As of December 4, 2015 were suspended as the network could fetch up to 109.1 billion yuan. At that time, as the network as the music's important public company Board, including Super TV music videos, music video, music video Mall cloud, flowers, music video, film and television, and many other core business.
Compared with the earlier, Le film, TV plus a change that is injected. As the network announcement in the evening of May 6 this year, announced as the film is about to inject music video network, and publish the relevant plans, Le film valuations of 9.84 billion yuan. "Executing our feet" moment, it has got a reorganization letter of inquiry from the Shenzhen Stock Exchange.
According to the music network said in a statement the proposed music video pictures shareholders 41.37 per share sold 165 million shares and pay cash 2.979 billion yuan, Le film 100% purchased equity price of 9.8 billion yuan. Also, to be not more than 5 qualifying certain investors to raise matching capital of 5 billion yuan through issuing shares.
Is of concern, as the network of this acquisition, under the "half a movie." In this transaction, Le film a total of 43 shareholders, in addition to "TV plus" core members, also related to Zhang Yimou, Sun Honglei, Sun Li, Huang Xiaoming, Li Xiaolu, Guo 19 celebrities, such as shareholders. In other words, once the plan ultimately approved by the SFC, the stars will earn millions or even billions of Yuan.
Le film, Zhang Yimou as shareholders will receive 141 million Yuan to the total price. Guo's share price has soared to 58.555 million Yuan. In addition, Sun Honglei for this transaction price amounted to 28.1 million Yuan, 28.1 million Yuan Li Sun Studio, William Feng 14.05 million Yuan, Huang Xiaoming of 7.03 million Yuan, Li Xiaolu 7.03 million Yuan.
Other than the music video pictures into, during the five months of suspension, as what?
According to incomplete statistics, including release of 4999 64 inch 4K TV, named Beijing Guoan and strategic cooperation, depending on the ecological floor India, and Aston Martin to set up electric car joint venture, set up in Shenzhen, intelligent Terminal headquarters, and the TCL will establish strategic cooperation, published O2O ecological strategy, acquisition of real estate business.
Up to now, the music has spawned music as the sports, music, music video pictures, letv mobile four-horned beast. Among them, TV plus in March reached 1 billion yuan a round, depending on the sport in April completed the b round financing, introduction of air, power, build trust in institutions, raised a total capital of 8 billion yuan, the company valued at 21.5 billion yuan. Another message says, TV plus super cars or completed the first round of financing, financing worth more than 5 billion yuan.
In February this year said Jia Yue Ting at mass scale meeting, depending on the ecological valuation has more than 300 billion.
乐视复牌背后：明星股东赚翻了，乐视究竟估值几何？ - 乐视复牌,乐视网 - IT资讯
停牌5个多月之后，乐视网终于在2016年6月3日开市起复牌。
在复牌前一天，乐视发布公告称公司48亿元定向增发获得中国证监会批准。
值得注意的是，此次定增是乐视网自2010年8月登陆创业板以来的首次再融资。此前乐视主要依靠债权融资，单一的资金渠道一定程度上造成了乐视的资金瓶颈，而其定向增发获批，意味着乐视未来将以“股权+债权”来撬动更大的资金和资源。
与此同时，在停牌5个多月的时间里，乐视动作频频，从乐视网到乐视影业的注入、再到电视、手机、VR、体育、云计算和超级汽车、进军地产等等业务，乐视描绘了一个以“平台+内容+终端+应用”四环相扣的生态，究竟该如何估值？
资金“饥渴”缓解
乐视定增的一大看点，就是乐视网融资模式的优化升级。
此前，乐视董事长贾跃亭不止一次说过，乐视的短板在于资金。放在网络视频行业乃至整个互联网行业当中，乐视几乎也是股权融资最少的一家公司。
尤其在震荡的股市与充满不确定的传闻中，贾跃亭曾经进行多次大规模减持和股权质押。
就在不久前，一项名为“乐视汽车融资文件”被曝光，文件显示贾跃亭用了大量担保和质押。其中，乐视汽车融资票面利率12%，贾跃亭提供无限责任连带担保。
但一方面，乐视在不断扩张自己的企业边界。从乐视网到乐视影业、再到电视、手机、VR、体育、云计算和超级汽车，乐视描绘了一个以“平台+内容+终端+应用”四环相扣的生态，多元化布局背后资金压力不小。
综合此前公告，乐视网拟向不超过5名特定对象，发行不超过1.55亿股，募集资金不超过48亿元，将用于视频内容资源库建设项目、平台应用技术研发项目和品牌营销体系建设项目。
其中，此次再融资的资金用途主要为视频内容源库建设项目，金额为40亿元，其中第一年花费为23亿元，第二年花费则为18亿元；此外平台应用技术研发项目和品牌营销体系建设项目分别为4亿元。
2015年年报显示，乐视网主要的营收来源为终端业务、广告业务、会员及发行业务和技术服务。48亿募资到位后，乐视视频在版权内容积累，及自制能力方面将大大增强，有利于公司在网络视频行业继续保持竞争优势，并将提升乐视在智能终端和云平台以及应用技术领域等的竞争力。
另有投资人士分析，48亿定增顺利获批，将彻底消除乐视快速发展中的资金压力，成为生态全球化落地的重要保障。
乐视生态估值几何？
截止2015年12月4日停牌，乐视网市值高达1091亿元。当时，乐视网作为乐视旗下重要的上市公司板块，包括乐视视频、乐视超级电视、乐视商城、乐视云、花儿影视等诸多核心业务。
与此前相比，乐视的一大变化就是乐视影业的注入。乐视网在今年5月6日傍晚发布公告，宣布乐视影业即将注入乐视网，并发布了相关预案，乐视影业估值98.4亿元。而在“临门一脚”的关键时刻，它曾接到了深交所的重组问询函。
根据乐视网发布公告称拟向乐视影业股东以每股41.37元发行1.65亿股，并支付现金29.79亿元，作价98亿元购入乐视影业100%股权。同时，拟向不超过5名符合条件的特定投资者发行股份募集配套资金50亿元。
引人关注的是，乐视网的此次收购，圈下了“半个影视圈”。在本次交易前，乐视影业一共有43名股东，除了“乐视系”核心成员外，还涉及到张艺谋、孙红雷、孙俪、黄晓明、李小璐、郭敬明等在内19位明星股东。换言之，一旦预案最终获得证监会核准，这些明星们将进账千万乃至上亿元了。
其中张艺谋作为乐视影业股东，将获得1.41亿元对价总额。郭敬明的股权对价也飙升至5855.5万元。此外，孙红雷这次交易对价总额为2810万元，孙俪工作室的2810万元，冯绍峰的1405万元，黄晓明的703万元，李小璐的703万元。
除了乐视影业注入之外，在停牌五个多月的期间，乐视做了什么？
据不完全统计，包括了发布4999的64寸4K电视、冠名北京国安以及战略合作、乐视生态落地印度、与阿斯顿马丁成立电动车合资公司、在深圳成立智能终端总部、与TCL达成战略合作、发布O2O生态战略、收购地产商业等。
截至目前，乐视已经孵化出乐视体育、乐视云、乐视影业、乐视智能移动四只独角兽。其中，乐视云于3月份完成10亿元A轮融资，乐视体育4月完成B轮融资，引入海航、体奥动力、中建投信托等机构，共融得资金80亿元，公司估值达到215亿元。另有消息称，乐视超级汽车首轮融资或已完成，融资金额超过50亿元。
而据今年2月贾跃亭在万人规模年会上对外表示，乐视全生态估值已经超过3000亿。