Although Wanda has only three listed companies on the surface, in fact, Wanda has many industries, and only a small part of it is listed. Many of the commercial property rights of Wanda Plaza and its hotel business, Wanda Cinema, are not listed, including the overseas cinema business that has been painstakingly building in recent years.
Wu Mingxuan, who has experienced overseas theaters, knows better than anyone else that it is a pit, a super big pit, so he not only did not stop it, but instead used his overseas resources and connections to promote these transactions. In other words, this is a poison pill that Wu Mingxuan fed to Wanda.
Relying on some movies from Perfect before, although Wanda's overseas theater chain Wuzhou theater chain is still losing money, its overall profits have already been on track, and it is only a matter of time before turning losses into profits. Just like the domestic theater chain business model, screenings are only part of the profits, and the derivative benefits brought by popular traffic are the real actual benefits.
Screening business such as movie tickets accounts for only about 40% of overseas theaters, and more than half are made by beverages, snacks and movie peripherals. The reason why Wanda used to spend a lot of money on overseas theaters was because Perfect provided a lot of support.
Marvel and Perfect are the two most successful superhero series at present, with the highest popularity and the most surrounding areas. Marvel has a unified price, but Perfect has a high rebate. In terms of movie screening, Chinese-language movies have tax refunds (export to domestic sales) and internal support discounts from theater alliances, which are much higher than Hollywood movies with the same box office.
At the same time, because it focuses on Chinese-language films and works in the Asia-Pacific circle, it has a great influence in the Asian community and is almost the first choice for Asian movie viewing. It is tens of millions of loyal viewers. Now it is really a sudden loss of cooperation. It can be imagined that its impact on overseas theaters is almost a direct out of food.
Although Wanda's big business has little problem in a short period of time, it will consume more or less the working capital in Wanda's hands. It's okay before other core industries have problems. Once there is a problem, it will be really a problem.
However, Wanda has not had these problems yet, so Boss Wang didn't think too far away. He didn't know that the other party's poison pill plan had started in advance. He just thought of another purpose of the other party doing this, which was to give his son a painful lesson, and also told everyone that Wu Mingxuan is the richest man, and everyone else is just a younger brother.
Usually you jump up and down, I am too lazy to pay attention to you. I really want to make me angry. Wanda and Tencent are the lessons of the past. There is no company in China that I, Wu Mingxuan, cannot afford to offend you. It would be nice if I didn’t come to provoke you. If you ask me for trouble, I will be easy to bully, and then you will pay a heavy price in minutes.
The price that Mr. Wang paid was to lose the right to inheritance. Because of his irrationality and ignorance, the entire group had to pay for him, which caused heavy losses to the entire Wanda business. Who would agree to take over such a second-generation ancestor who would only cause trouble?
Even the Wanda director he now has will be directly abandoned, which is very fatal to a heir.
Even if Wang's mother Lin Ning spoiled her child, she would not dare to interrupt at this time. She could only hold her grandson and plead with her grandson. After all, there was still a child here, and she would restrain her no matter how angry she was, she would be a little more restrained. This trick can be said to be a test.
However, Boss Wang is obviously different from the past this time. He didn't say much, nor did he show anger. He just said very calmly to Young Master Wang, who is kneeling on the ground and honestly like a child who has made a mistake: It's useless to say this now. You should quit the position of director Wanda. I'll find the public relations team for you. Next, just cooperate honestly.
It is almost inevitable to resign as director Wanda, and there is no possibility of tactful reversal. Even if Wu Mingxuan stops and doesn't bother with them, this is inevitable.
As the situation is like this, Wanda must draw a clear line with Mr. Wang as soon as possible. At the same time, Wanda's senior management and other major shareholders have never wanted Mr. Wang to take over. Even when he was nominated as Wanda's director, many people expressed clear opposition. Boss Wang forced it to pass the matter against the public.
The Wang family is indeed the largest shareholder of Wanda, but it is still far from controlling shares. The other shareholders are much better than their father and son when they join forces. If you are really capable, I won’t say it. But the question is, is Mr. Wang a capable man who has the ability to take over the trillion empire?
It was very doubtful before. After this time, it was impossible for him to take over if he had a water in his mind. This was the biggest impact after this storm. To be fair, even Boss Wang has already given up the idea of letting his son take over.
Young Master Wang was not stupid and naturally knew what he had missed. Although he had never thought about taking over for the time being, he was still very sad and uncomfortable, but he couldn't blame others. Any man who knew about this would have a similar reaction.
The only mistake he made was that he seriously underestimated the brain circuit of grassroots stars like Yang Chaoyue. It was really different from those famous actresses in the circle. He also seriously underestimated the true strength of Uncle Wu. Unexpectedly, he was much better than his father, and he didn't even dare to say anything harshly. After a long time, it was not someone else who relied on them Wanda for dinner, but they Wanda had to rely on others for dinner.
Now that things are so big, it is naturally not just the netizens who are spontaneous. Many of their peers are fanning the flames and putting insults behind their backs. However, when Perfect Pictures released the latest announcement, these peers regretted it instantly and found that the situation has seriously exceeded their understanding and controllable range.
The formal break between the two major theaters and the sudden supply cuts of Perfect Pictures are not just a dispute over the face of exhaling air. It completely subverts the existing pattern and is no less than a new round of theater competition. If it is not good, the entire film and television industry will be reshuffled.
As one of the main forces that fan the flames and put the blame on others, Xiao Wang of Huayi always hurriedly found his brother who is now living in seclusion to discuss countermeasures. When he was a melon-eating crowd, he had a lot of fun with many people, wishing he could see Wanda and Perfect Dog bite. Now the war is really affecting himself. He is really panicked. He has never seen Wu Mingxuan take such a ruthless revenge, which completely subverts everyone's long-standing impression of him.
Wu Mingxuan, who has experienced overseas theaters, knows better than anyone else that it is a pit, a super big pit, so he not only did not stop it, but instead used his overseas resources and connections to promote these transactions. In other words, this is a poison pill that Wu Mingxuan fed to Wanda.
Relying on some movies from Perfect before, although Wanda's overseas theater chain Wuzhou theater chain is still losing money, its overall profits have already been on track, and it is only a matter of time before turning losses into profits. Just like the domestic theater chain business model, screenings are only part of the profits, and the derivative benefits brought by popular traffic are the real actual benefits.
Screening business such as movie tickets accounts for only about 40% of overseas theaters, and more than half are made by beverages, snacks and movie peripherals. The reason why Wanda used to spend a lot of money on overseas theaters was because Perfect provided a lot of support.
Marvel and Perfect are the two most successful superhero series at present, with the highest popularity and the most surrounding areas. Marvel has a unified price, but Perfect has a high rebate. In terms of movie screening, Chinese-language movies have tax refunds (export to domestic sales) and internal support discounts from theater alliances, which are much higher than Hollywood movies with the same box office.
At the same time, because it focuses on Chinese-language films and works in the Asia-Pacific circle, it has a great influence in the Asian community and is almost the first choice for Asian movie viewing. It is tens of millions of loyal viewers. Now it is really a sudden loss of cooperation. It can be imagined that its impact on overseas theaters is almost a direct out of food.
Although Wanda's big business has little problem in a short period of time, it will consume more or less the working capital in Wanda's hands. It's okay before other core industries have problems. Once there is a problem, it will be really a problem.
However, Wanda has not had these problems yet, so Boss Wang didn't think too far away. He didn't know that the other party's poison pill plan had started in advance. He just thought of another purpose of the other party doing this, which was to give his son a painful lesson, and also told everyone that Wu Mingxuan is the richest man, and everyone else is just a younger brother.
Usually you jump up and down, I am too lazy to pay attention to you. I really want to make me angry. Wanda and Tencent are the lessons of the past. There is no company in China that I, Wu Mingxuan, cannot afford to offend you. It would be nice if I didn’t come to provoke you. If you ask me for trouble, I will be easy to bully, and then you will pay a heavy price in minutes.
The price that Mr. Wang paid was to lose the right to inheritance. Because of his irrationality and ignorance, the entire group had to pay for him, which caused heavy losses to the entire Wanda business. Who would agree to take over such a second-generation ancestor who would only cause trouble?
Even the Wanda director he now has will be directly abandoned, which is very fatal to a heir.
Even if Wang's mother Lin Ning spoiled her child, she would not dare to interrupt at this time. She could only hold her grandson and plead with her grandson. After all, there was still a child here, and she would restrain her no matter how angry she was, she would be a little more restrained. This trick can be said to be a test.
However, Boss Wang is obviously different from the past this time. He didn't say much, nor did he show anger. He just said very calmly to Young Master Wang, who is kneeling on the ground and honestly like a child who has made a mistake: It's useless to say this now. You should quit the position of director Wanda. I'll find the public relations team for you. Next, just cooperate honestly.
It is almost inevitable to resign as director Wanda, and there is no possibility of tactful reversal. Even if Wu Mingxuan stops and doesn't bother with them, this is inevitable.
As the situation is like this, Wanda must draw a clear line with Mr. Wang as soon as possible. At the same time, Wanda's senior management and other major shareholders have never wanted Mr. Wang to take over. Even when he was nominated as Wanda's director, many people expressed clear opposition. Boss Wang forced it to pass the matter against the public.
The Wang family is indeed the largest shareholder of Wanda, but it is still far from controlling shares. The other shareholders are much better than their father and son when they join forces. If you are really capable, I won’t say it. But the question is, is Mr. Wang a capable man who has the ability to take over the trillion empire?
It was very doubtful before. After this time, it was impossible for him to take over if he had a water in his mind. This was the biggest impact after this storm. To be fair, even Boss Wang has already given up the idea of letting his son take over.
Young Master Wang was not stupid and naturally knew what he had missed. Although he had never thought about taking over for the time being, he was still very sad and uncomfortable, but he couldn't blame others. Any man who knew about this would have a similar reaction.
The only mistake he made was that he seriously underestimated the brain circuit of grassroots stars like Yang Chaoyue. It was really different from those famous actresses in the circle. He also seriously underestimated the true strength of Uncle Wu. Unexpectedly, he was much better than his father, and he didn't even dare to say anything harshly. After a long time, it was not someone else who relied on them Wanda for dinner, but they Wanda had to rely on others for dinner.
Now that things are so big, it is naturally not just the netizens who are spontaneous. Many of their peers are fanning the flames and putting insults behind their backs. However, when Perfect Pictures released the latest announcement, these peers regretted it instantly and found that the situation has seriously exceeded their understanding and controllable range.
The formal break between the two major theaters and the sudden supply cuts of Perfect Pictures are not just a dispute over the face of exhaling air. It completely subverts the existing pattern and is no less than a new round of theater competition. If it is not good, the entire film and television industry will be reshuffled.
As one of the main forces that fan the flames and put the blame on others, Xiao Wang of Huayi always hurriedly found his brother who is now living in seclusion to discuss countermeasures. When he was a melon-eating crowd, he had a lot of fun with many people, wishing he could see Wanda and Perfect Dog bite. Now the war is really affecting himself. He is really panicked. He has never seen Wu Mingxuan take such a ruthless revenge, which completely subverts everyone's long-standing impression of him.
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