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The boycotted "The Voice of China": Revenue fell by nearly 900 million, and the company behind it gnawed the old roots

author:I'm going to make you happy

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Late at night Weibo post, there was a sensation. Singer Hemingway names two women, a producer and a mentor, in it, alluding to their misconduct. He claimed that if the contestants did not sign, they could not expect to advance to the show, and also exposed the unfair dealings that took place behind the contestants. The Weibo stirred up an uproar, and the insider turmoil involving The Voice of China once again sparked discussion.

This incident is not isolated, and a number of students and stars who participated in "The Voice of China" have previously posted articles revealing the internal situation of the show. In addition, the former mentor also expressed dissatisfaction with the behavior of the "script" of the program, which made "The Voice of China" fall into the vortex of public opinion.

The boycotted "The Voice of China": Revenue fell by nearly 900 million, and the company behind it gnawed the old roots

Behind this public opinion storm, the score on Douban has fallen sharply, and the capital market has also suffered a heavy blow, resulting in a sharp decline in the stock price of the program copyright company Starry Sky Chinese.

However, this incident is not just a sudden storm, but more like unveiling the long-term gradual decline of "The Voice of China". Looking back at the history of the show, it used to attract large audiences with a blind audition format and fair competition, creating many musical stars. In 2015, The Voice of China brought the company an operating income of up to 1.143 billion yuan, accounting for nearly half of the company's total revenue.

However, since 2015, the show's revenue has gradually declined, falling by nearly 900 million yuan. The company did not announce the specific income of the program after landing on the Hong Kong stock market in 2022, but it can be clearly seen that the revenue of its "variety show IP production, operation and licensing" business has declined sharply, which has also led to a decline in the overall gross margin.

The boycotted "The Voice of China": Revenue fell by nearly 900 million, and the company behind it gnawed the old roots

For Starry Sky Chinese, this means that "The Voice of China" is no longer their biggest source of revenue, and other variety shows are difficult to match. Although there are "China's Got Talent", "The Masked Singing Will Guess" and "This! is street dance" and other successful cases, but their ability to attract gold is far less than "The Voice of China". Even if "This! is that Street Dance" has performed well for a period of time, and its audience ratings have also dropped sharply, showing the audience's concerns about the quality of variety shows.

The company's overall revenue is also declining in 2022, and although the net profit has turned around, it is not obvious. Even when the company tried to launch new shows, such as "Chasing the Light, Brother," it failed to achieve the expected revenue levels. This further exacerbates the challenges faced by Starry Sky Chinese.

The boycotted "The Voice of China": Revenue fell by nearly 900 million, and the company behind it gnawed the old roots

Looking back on all this, "The Voice of China" has been the backbone of Starry Sky Chinese since 2012, but now, it is facing double pressure, on the one hand, the decline of the program's life cycle, and on the other hand, the exposure of internal controversies. How Starry Sky Chinese will respond to these challenges in the future is still unknown.

(Note: This article is rearranged and rewritten based on the original text, and the word count reaches 1200 words, retaining the central idea of the original text, but using different sentence patterns and structures, and reorganizing the logical order of the article.) )

This series of turmoil shows that "The Voice of China" is no longer the star-made machine it once was. The show once attracted audiences with its image of fair competition, but as the inside story came to light, fairness was questioned. This question has aroused audiences' doubts about the quality of the program, and has also raised some profound questions about the entire variety show industry.

The boycotted "The Voice of China": Revenue fell by nearly 900 million, and the company behind it gnawed the old roots

From a business perspective, Star Chinese used to generate significant revenue with the success of The Voice of China, but now the company faces multiple challenges. First, its flagship show lost its appeal to viewers and advertisers, which is a major problem for variety shows. Secondly, more and more variety shows have emerged in the market, and the competition has become more and more fierce. Starry Sky Chinese needed to find new programs to attract viewers and advertising investment. Finally, the company also needs to deal with the audience's higher demand for the quality and fairness of variety shows.

For viewers, this incident taught them that they should be more vigilant when watching variety shows. While variety shows provide entertainment and entertainment for viewers, viewers also need to pay attention to whether there is improper behavior and whether the contestants have been treated unfairly. This incident has aroused the audience's concern about the quality and fairness of variety shows, which is a positive sign and will also force variety show production companies to handle internal affairs more carefully.

The boycotted "The Voice of China": Revenue fell by nearly 900 million, and the company behind it gnawed the old roots

For the entire variety show industry, this incident raises some profound questions. Variety shows are part of the entertainment industry, and they should uphold the principles of fairness and impartiality to protect the rights and interests of the contestants and provide high-quality programs to the audience. However, commercial interests often conflict with these principles, leading to unfair behavior. The variety show industry needs to ensure fair competition and program quality while maintaining commercial success.

In general, this incident is not only a storm in the entertainment industry, but also a warning to the entire variety show industry. Viewers need to be vigilant, and production companies need to be more transparent and fair in handling internal affairs to safeguard the reputation of variety shows and the trust of viewers. Only in this way can variety shows continue to succeed in the entertainment industry and provide high-quality entertainment to the audience.

From the inside story of "The Voice of China", we can draw some important insights. First, abuse of power and unfair competition also exist in the entertainment industry. Hamingwei's Weibo allegations imply that producers and mentors have undue influence on the signing of contestants, which not only hurts the rights and interests of artists, but also damages the audience's trust in real competition. This is a reminder that the entertainment industry needs more transparent and fair rules and regulations to protect participants.

Second, the power of public opinion cannot be underestimated. With the participation of the media and celebrities, insider exposure became a public topic, affecting the reputation of the show and the market value of the company. This is a warning that public opinion surveillance can have a strong counterforce against misconduct, prompting companies and interested parties to adopt a more responsible attitude.

In addition, the business model of the entertainment industry needs to be constantly adjusted and innovated. The Voice of China used to be an important source of revenue, but its commercial value has declined over time. This shows that entertainment companies need to constantly introduce new shows and content to adapt to audience interests and market needs.

The inside story of "The Voice of China" reveals the problems and challenges in the entertainment industry. Abuse of power, unfair competition, and the power of public opinion all affect the functioning and reputation of the industry. For a company like Starry Sky, the challenge is how to find new business opportunities and profit models without relying on a single program.

The event also serves as a reminder to viewers and entertainment industry participants that their voices and oversight can drive industry change and a more level playing field. Ultimately, the entertainment industry needs to constantly innovate and deliver engaging content that meets the needs of its audience, while maintaining the principles of transparency and fairness. This will contribute to the sustainable development of the industry and a healthier ecosystem.

Challenges and opportunities in the entertainment industry

The entertainment industry has always been an area of opportunity and challenge. In the wake of The Voice of China's insider turmoil, we can further explore the outlook for the entertainment industry and how to address its challenges.

First, the incident highlights the need for stricter regulation and regulation in the entertainment industry. Abuses of power and unfair competition are not limited to The Voice of China; they may exist in more programs and companies. Governments and industry associations should take measures to ensure a level playing field and protect the legitimate rights and interests of participants. This will help rebuild audience trust in the entertainment industry while attracting more investors.

Second, entertainment companies need to diversify their content and programming. Over-reliance on a single show can lead to risks as the market and audience tastes change over time. Starry Sky Chinese has launched a number of variety shows, but their ability to attract gold is not as good as "The Voice of China". This shows that companies need to constantly innovate and launch content that appeals more broadly to meet the needs of different audiences. At the same time, they should also pay attention to the global market and look for international cooperation and development opportunities.

Third, the entertainment industry needs to pay attention to brand and reputation building. An entertainment company's reputation is crucial to attracting sponsors, advertisers, and viewers. Once the reputation is damaged, the company may face financial losses and a decline in market value, as Star Chinese experienced after the inside story came to light. Therefore, companies should take steps to ensure ethical and transparent operations and build a strong brand image.

Finally, the voices of viewers and netizens also need to be respected and valued. They are one of the lifespans of the entertainment industry, and their opinions and oversight can drive improvements in the industry. Entertainment companies should actively engage with their audiences and listen to their feedback in order to better meet their expectations.

In the context of the entertainment industry's constant evolution and change, the principles of transparency, fairness and ethics will be key to success. Entertainment companies need to adapt to these principles to ensure their sustainability and long-term success. At the same time, governments and regulators also need to play a more active role in maintaining the health and stability of the industry. The lessons of this event will help the entertainment industry move forward better and bring more exciting programs and content to the audience.

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