"More than a hundred gaming box stores declare bankruptcy!" This was the headline of many media outlets the next day.
The content was also very simple. Within a day, hundreds of franchisees of Yokosuka Games declared bankruptcy one after another.
This news caused the entire world market to turn pale with fright. Just a day ago, the box game store was still in full swing, dominating the entire game market. How could there be a miraculous event of hundreds of franchisees closing down in a day?
Many media outlets tried to interview gaming box stores, but they were all rejected.
Gaming box stores are also confused. They don't understand how more than a hundred franchisees of gaming box stores went bankrupt. This is not logical!
However, there was no doubt that the bankruptcy notices of some franchisees were sent to the box games.
Based on the bankruptcy notices, these franchisees do not have a single cent left in their accounts. They are unable to maintain the operations of their stores and went bankrupt.
This is normal. If you run out of money, you will go bankrupt!
But more than a hundred franchisees went bankrupt at the same time. This is a problem. So, gaming box stores immediately allowed these franchisees to go bankrupt.
Some franchisees had hung up on gaming box stores, but some still picked up the phone and told gaming box stores that they have no money and can only go bankrupt.
"We had just lent you a large sum of money, and you all had made a lot of money. How come you all don't have money?!" Gaming box stores retorted angrily.
"You've already taken back the money you borrowed. Even the money we earned has been returned to you."
"But you all had made money from selling games!"
"The games we had sold were from our inventory. That's why we had returned the money to you all. Also, you all wanted us to refurbish our stores, change our uniforms, train our employees, etc. All these require a large sum of money. We had spent all the money we made in the past two months! "
"Can't you all bear with it for a while? You all will have money after a few more months. Why are you all declaring bankruptcy now? "
"Do you think we can make money if we persist? You all are only giving us 10%. It is not even enough to cover the store's rent and employees' salaries. If we work for a month, we will have to pay a month. The more we work, the more we will have to pay. "
"Do you all think we are fools?" The franchisees hung up the phone angrily, and the staff at the game store stiffened.
But this was just the beginning. The next day, when the gaming box store started to deal with these problems, there were more than 400 franchisees who sent their bankruptcy notices to the gaming box store.
"This is a conspiracy! These guys are threatening us with bankruptcy. We will never agree to change the distribution ratio! " In the next high-level meeting, one of them shouted, "We must not touch their plan. If they go bankrupt, so be it. At that time, they will be the ones who suffer losses. They will have nothing except for a large amount of debt. If they really go bankrupt, they will not get any benefits!"
"That's why they're threatening us. We can't fall into their trap. At most, we'll just recruit new franchisees. Let them go bankrupt. No one can make us yield!"
Well, to put it simply, what this executive meant was, why didn't these franchisees obediently become leeks?
However, this executive's call was unanimously approved by the entire gaming store. Then, they decided to resist. As a result, on the third day, more than 400 franchisees declared bankruptcy one after another.
On the fourth day, the number was even crazier. There were 2,000 companies in one go, and a total of one-tenth of the franchisees declared bankruptcy.
This forced the gaming box store to hold another emergency meeting. During the meeting, many of the executives insisted that this was a threat from the franchisees. These franchisees will not go bankrupt.
In the end, a report was sent to them. According to the on-site investigation, those franchisees who declared bankruptcy had closed their stores. The executives interviewed the owners of the stores and found out that those franchisees had given up their leases.
These owners were furious. According to the rental contract, if the franchisees give up their leases, they will have to compensate for their losses.
But in the end, these franchisees declared bankruptcy. Not only will they not be able to get their compensation, but they will also not be able to get their rent back.
After all, according to the law, once the bankruptcy was declared, all the debts would become rotten debts that could not be repaid.
If it was a physical company, it would be fine. After all, physical companies had fixed assets. They could auction them off and pay off part of their debts.
But these franchisees did not have any physical assets. It was impossible to count on auctioning off the company's assets. As for auctioning off the franchisees' personal assets, they would have to see if the franchisees had any other assets under their name.
However, generally speaking, it was impossible for people who declared bankruptcy to still have personal assets under their name. They would think of all ways to transfer them away in advance, leaving behind a person who had nothing. There was nothing one could do to him.
"These are all their tricks. We must persevere. We must …" The executives were still planning to continue arguing with the franchisees, but the door to the meeting room was pushed open. Iwata Satoru walked in with a gloomy face.
Iwata Satoru never dreamed that such a terrible thing would happen in just two weeks after he left the gaming box store.
Iwata Satoru is the President of Nintendo Games and the President of Nintendo Games at the same time. Iwata Satoru had focused all his attention on the game when the gaming box was first launched. He did not even leave the United States.
But Iwata Satoru knows Nintendo is his root. That's why after the gaming box was launched, he left the company's day-to-day operations to the executives and returned to Nintendo to continue his work. After that, Iwata Satoru will have to travel between the two companies. But as he does not have much work to do, it should not be a problem.
But Iwata Satoru did not expect things to turn out this way after he left. Not only did the franchisees change the distribution ratio behind his back, but the game developers and franchisees were also furious.
In the end, the executives thought the franchisees' bankruptcy was a threat.
How can these idiots submit a bankruptcy application to the court and use bankruptcy to threaten others?
Iwata Satoru is feeling helpless. These things will never happen if he is in charge. But after the loan incident, Microsoft's shares in the company are more than 70%, and they have absolute control over the company.
That's why Iwata Satoru did not inform Iwata Satoru immediately after he left the company. It was Bill Gates who approved this decision.
It was the next day when Iwata Satoru received the news.
"How did this idiot become the World's Richest Man?!" Iwata Satoru cursed.
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