Shaw knows better than anyone that the best way to get the film industry out of recession is to diversify its business. He turned his attention to the biggest enemy of the film at that time-TV. In the mid-1960s, when the Hong Kong government publicly invited for the right to operate wireless TV broadcasting, he resolutely cooperated with several like-minded investors and won the bid in one fell swoop, thus entering the field of TV broadcasting. At the end of 1967, TVB was officially launched, and Shaw became the director of TVB. 1980, after Shao Yifu became the chairman, he wooed the stars of Shaw Studios and the elite of Hong Kong performing arts. At one time, high-level and high-quality TV series produced by wireless emerged one after another (such as the 83rd edition of Legend of the Condor Heroes), and Happy Tonight, which was broadcast in prime time every night, was welcomed by the audience with its colorful and lively content, and the ratings rose sharply. After more than ten years, it has been overwhelming ATV and dominating Hong Kong with the ratio of 8: 2 or 7: 3.