Sayuri thought for a while before replying to Theo's question, "Although a few companies have their mangas available to be read online, there are very few publishing houses that have done that. The major reason for that is that the market and public still prefer the physical copies." She calmly said, "Plus, because of the scarcity of online products, the companies don't invest much in these platforms, which makes these platforms with a poor structure. Most of the sites and apps are subpar, and the readers constantly complain about the difficulty of reading mangas there. Which is another reason for the low interest from the public for these platforms."
Theo's eyes shone brightly as he heard Sayuri's answer.
So people might already have guessed, and yes, Theo was thinking about creating his own online platform to put his mangas.
"Is there any online platform that receives lots of investnts?" Theo asked.
"Hmm, from the Sakura Abode Country, there is none, but if we count platforms from other countries there are a couple of platforms." Sayuri replied promptly, "You guys must have already heard about the Pangese (Chinese) web novels, right?"
Theo and Sam imdiately nodded as they heard that.
If the Sakura Abode Country had its huge manga empire dominating a huge section of the entertainnt industry. The Pangu Country had its web novel empire.
The origins of Pangese web novels can be traced back to the early 2000s when internet usage in Pangu began to grow rapidly. During this ti, online literature platforms erged, providing a space for writers to share their works directly with readers.
The initial models of online literature in Pangu were influenced by the concept of "wuxia" novels, which are martial arts and chivalry-thed stories. Wuxia novels have a long history in Pangese literature and were traditionally published in print format. However, the internet allowed for a more accessible and interactive platform for writers and readers.
The rise of web novels gained montum around 2003 with the launch of platforms like Xidian and Qinwin Literature City. These platforms offered a convenient way for authors to upload their works chapter by chapter and for readers to access and read them online for free. This format allowed for real-ti author-reader interaction through comnts, feedback, and discussions, creating a sense of community around the novels.
The popularity of web novels grew rapidly, and more authors began to publish their works online. The serialized nature of web novels, with frequent updates and cliffhangers, helped to keep readers engaged and coming back for more. The accessibility of the internet and the ability to read novels on computers and later on smartphones further contributed to the popularity of web novels.
Over ti, web novel platforms introduced monetization models to support authors and sustain the industry. Subscription systems, virtual currency, and advertising beca common thods of generating revenue. This allowed successful authors to earn inco based on the popularity and engagent of their works.
With the growth of web novels, the industry expanded to include various genres beyond wuxia, such as fantasy, romance, and cultivation novels.
"During the last few years, the Pangese web novels gained international attention as well, with translations allowing readers from different countries to enjoy these stories." Sayuri comnted, "The Web Novel Industry has beco so big that it already started growing in several other countries as well."
"Today, Pangese web novels have beco a significant part of the literary landscape in Pangu and have influenced popular culture. They have paved the way for new storytelling formats and have provided opportunities for aspiring authors to showcase their talents and build dedicated fan bases."
"We can say for sure that this industry is exclusively online, no physical copies are being sold. But their profits are astronomical as they don't have to deal with printing physical copies. However, even with all this growth, the manga industry is much bigger than the web novel industry. It's almost impossible to reach the manga industry's height." Sayuri said calmly. "But there is one thing that they have that can defeat the manga industry. Their online reading platforms are the best in the world. It's almost impossible to find glitches and bugs on their apps and sites. This fact facilitates and attracts lots of readers to access their platforms all around the world." Sayuri explained.
Theo heard her explanation with avid eyes.
In his past life, he indeed had heard about web novels, but because he didn't have a smartphone, he wasn't able to check those web novels out.
But when he heard how amazing their platform was, Theo had the urge to produce a platform as amazing as theirs to put his mangas online!
Why did he have to stay old-fashioned like his competitors?
Theo wasn't afraid of losing money to produce an online manga reading platform. Money for him was only a number, it was never his final goal.
At that mont, he wanted to achieve the final goal of producing the best online manga reading platform!
Plus, with the copyright laws of this world, Theo didn't have to worry about his mangas being illegally stolen from his online platform.
So people might have forgotten, but with the current copyright protection laws, illegal and pirated copies have been extinct from the world.
"Sayuri, what do you think about creating our own online reading platform?" Theo asked with shining eyes.
Just like the majority of the manga industry, Sayuri was raised with the traditional belief that physical copies were the best. That's why she didn't even think about creating an online reading platform.
But when she heard Theo's question, she stayed silent for a few long seconds.
She knew that Theo had an impressive talent for discovering great business ideas, so if he asked such a question it had to have a reason for it.
At first, like everyone else, she despised the idea of focusing on an online platform, the physical manga was the the king!
But as she tried to see from Theo's perspective, she started to see the huge unexplored business opportunity that he was seeing as well.
Sayuri's eyes started to shine as she started to think of the several opportunities, "Boss, I think your idea is brilliant!"
"But this project might be even bigger than the large printing factory, we might have to invest a lot to realize this online reading platform." She continued.
Theo nodded in approval before replying, "I agree. If we want to create an online reading platform as good as the ones from the Pangu Country, we'll have to invest a lot. But if we manage to realize this project, we might bring our mangas to the whole world without having to bother to deal with the publishing companies from other countries."
Theo's eyes shone as he thought of the infinite possibilities that this online reading platform
might bring.
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