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Wang Sicong's equity is frozen. Why is Wang Sicong's equity frozen

Wang Sicong's equity is frozen. Why is Wang Sicong's equity frozen

According to tianyancha data, on July 15, the banana entertainment operator Shanghai banana plan Entertainment Culture Co., Ltd. (hereinafter referred to as the "banana plan") added judicial assistance information. The executee was Wang Sicong, and the amount of equity frozen was 2.7 million yuan.

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It is reported that Wang Sicong founded the banana program in June 2015, which includes many subsidiaries such as games, sports, brokerage performances, film and television, music and so on. Banana entertainment is a company specializing in artist business, performance brokerage and music business under banana plan.

According to tianyancha data, in February 2019, banana plans to add shareholders Shanghai Jiaomo enterprise management center (limited partnership) and Shanghai Feiyang Culture Communication Co., Ltd. (hereinafter referred to as "Feiyang culture"). After the change, Wang Sicong changed from the largest shareholder to the second largest shareholder. Ge Yalei, the ultimate beneficiary of the new shareholder Feiyang culture, is the executive director of the ticketing operation body of Ferris wheel. According to latepost, banana entertainment has recently been controlled by Ferris wheel ticketing.

According to the analysis of the above reports, the banana entertainment transaction is also an epitome of the whole entertainment industry. With the previous talent shows such as idol trainee and creation 101, a number of idol brokerage companies have sprung up, but the backward business model and single profit model of the industry have not changed.

Public information shows that the banana plan includes banana games, banana entertainment, banana film, banana sports and other companies. In 2017, banana plans to complete a round B investment of RMB 200 million in its banana game. The investors are Jingwei venture capital, Jingyuan investment, etc.

In recent years, with the vigorous development of e-sports industry, Wang Sicong also showed a strong interest in Pan entertainment industry and actively arranged in the fields of game development, e-sports, game live broadcasting and so on. In August 2015, Wang Sicong publicly confirmed the signing of the Korean beautiful girl group T-ara and set up a brokerage company banana plan to plan for it. It was reported that this was the first exposure of the banana plan, and at that time, most of the market thought it was a mostly ticket investment.