Zhang Lin, chairman of Wanda Film, is holding a meeting with independent directors, Wang Huiwu, Zeng Maojun and Lu Suiqi. The main topic of discussion is the box office betting this time. It is obvious that the compensation is very bad. "Hong Kong Jiǒng" has only reached nearly 600 million box office so far. In terms of the current screening volume, it is only 700 million, and it is almost 13 billion to pay directly!
Although the entire Wanda Group will not lose so much, the theater chain belongs to its own, and many of its property rights are also own, because it is different branches and is divided into listed and non-listed parts, so the losses in Wanda Cinema and Wanda Film are still very intuitive, and the related losses are mainly borne by Wanda Cinema and Wanda Film.
Although Alibaba Pictures seems to have also paid compensation, because Wanda signed exclusively, the distribution and box office guarantee are all Wanda. Although theaters and film and television companies are two independent subsidiaries, the actual derivative losses are too terrible, which is far exceeding the 1.3 billion written in the gambling agreement.
You should know that the screening business only accounts for about 50% of the actual revenue of the theater chain. If the attendance rate is equal to the other 50%, it will also be lost. The loss caused by the movie "Hong Kong Jiǒng" alone exceeded 2 billion yuan, so that the two companies have been defeated throughout 15 years. Not to mention making profits, it would be good to lose less.
There is no way to do anything about the movie, it is not a crime of war. After all, we serve the entire group. No one wants to encounter such a thing. We can only say that the opponent's methods are too despicable and despicable. We will learn from our mistakes and pay more attention to these risks in the future.
What we need to discuss now is Xu Zheng's value. In the current situation, it is imperative to build our own team. This painful defeat undoubtedly sounded a wake-up call for us. In this big environment, if we want to rely solely on investment in box office betting, it is too unfavorable for us. We must change our thinking and transform Wanda Pictures into a film and television production giant similar to the six major Hollywood film and television production giants, and continuously give blood transfusions to theaters.
The new policy currently set is to acquire Legend Pictures, known as Hollywood's seventh largest film company. The current offer from Sony is US$4.5 billion; internally, invest in some outstanding filmmakers and support them to establish their own film companies. Xu Zheng is the piece of horse bone we bought for our daughter.
Wu Mingxuan asked his Dongyue’s wife to acquire Legend Pictures to Wanda, who was waiting here. Unless Wanda completely gave up its original strategic plan, it would be inevitable to take this step, and it was just an opportunity to hit Wanda hard.
Boss Wang and Wang Lin naturally didn't know that this was the second poison pill that Wu Mingxuan fed Wanda. It was through the panic that Wanda was forced to seek medical treatment through film and television dramas, invested in some virtual film and television companies, increased investment in the film and television industry, and transformed from the original capital operation model to the model of film and television giants.
Otherwise, in terms of the current situation, Wanda's entertainment sector can basically give up directly. It has no source of films, so it can only grab source of films outside at a high price. From the previous old man, the grandson, the money is naturally earned by the producer, and it is also very unstable. At any time, like this time, all parties will join hands to put it on. Several major schedules will be posted for you this time. It is better to withdraw directly.
Therefore, Wanda, who does not want to withdraw, and Boss Wang, who is unwilling to admit defeat, is imperative to make Wanda Pictures transform and increase its investment in Wanda Pictures. Just like LeTV's own LeTV Pictures, it will naturally follow in the footsteps of LeTV Group, burning billions of billions every year for no reason until the parent company's working capital is completely burned out.
LeTV is actually not an isolated case. Sony Pictures, which is more coquettish, has suffered losses for nearly 20 years, burning hundreds of billions of dollars, seriously dragging down Sony's parent company. What kind of virtue can you do to change your fate against the will of Wanda?
So this seems to be a life path, but it is actually a dead end. For Wanda, it is difficult to survive in the future, lacking these liquid funds is simply a bit injuring itself.
However, at this time, Boss Wang and other senior shareholders did not realize this risk. Instead, after seeing Perfect, they had the illusion that we should be willing to spend money and do the same.
So today's meeting has another important topic, whether to accept Xu's surrender, and give him some opportunities, and by the way, further recruit soldiers, expand his strength and influence in the circle, and prepare for the long-term battle for hegemony in the future.
Xu Bald Head, who has already returned from Huayi Bona, is waiting outside the door for the final result. Some people really don’t want to choose this step, but who told him that he really has no choice now. He can only betray his body and soul and become a worker again.
What Wu Mingxuan never expected was that Zhang Zhao, the general manager of LeTV Pictures, actually appeared at the meeting. It turned out that Accountant Jia successfully formed a strategic offensive and defensive alliance with Wanda. Not only did he get 5 billion from Boss Wang to engage in LeTV Sports, LeTV Pictures also accepted Wanda Pictures' large-scale capital injection and became Brother's Company. Young Master Wang even went to LeTV to work, intending to create his own girl group talent show variety show.
Wu Mingxuan, who learned about this news, called Li Xue at the first time and asked in detail: Did they actually get together?
The Wang family and son invested 5 billion in private to LeTV Sports, and Wanda Pictures invested 10 billion to become the second largest shareholder of LeTV Pictures. In the future, they will spend another 5 billion to invest in movies with LeTV. That kid Wang Sicong became LeTV TV's production consultant. Will he participate in the production of a girl group talent show or cooperate with Crown TARA girl group?
Well, I have received the news so far. They took over the first movie released by Lu Chuan, "Nine-Story Demon Tower". At the same time, Wanda Pictures also invested 500 million yuan in investing in Xu Guangtou's newly opened film company, allowing Xu Guangtou to recruit soldiers everywhere, and the visitors were not good.
Although the entire Wanda Group will not lose so much, the theater chain belongs to its own, and many of its property rights are also own, because it is different branches and is divided into listed and non-listed parts, so the losses in Wanda Cinema and Wanda Film are still very intuitive, and the related losses are mainly borne by Wanda Cinema and Wanda Film.
Although Alibaba Pictures seems to have also paid compensation, because Wanda signed exclusively, the distribution and box office guarantee are all Wanda. Although theaters and film and television companies are two independent subsidiaries, the actual derivative losses are too terrible, which is far exceeding the 1.3 billion written in the gambling agreement.
You should know that the screening business only accounts for about 50% of the actual revenue of the theater chain. If the attendance rate is equal to the other 50%, it will also be lost. The loss caused by the movie "Hong Kong Jiǒng" alone exceeded 2 billion yuan, so that the two companies have been defeated throughout 15 years. Not to mention making profits, it would be good to lose less.
There is no way to do anything about the movie, it is not a crime of war. After all, we serve the entire group. No one wants to encounter such a thing. We can only say that the opponent's methods are too despicable and despicable. We will learn from our mistakes and pay more attention to these risks in the future.
What we need to discuss now is Xu Zheng's value. In the current situation, it is imperative to build our own team. This painful defeat undoubtedly sounded a wake-up call for us. In this big environment, if we want to rely solely on investment in box office betting, it is too unfavorable for us. We must change our thinking and transform Wanda Pictures into a film and television production giant similar to the six major Hollywood film and television production giants, and continuously give blood transfusions to theaters.
The new policy currently set is to acquire Legend Pictures, known as Hollywood's seventh largest film company. The current offer from Sony is US$4.5 billion; internally, invest in some outstanding filmmakers and support them to establish their own film companies. Xu Zheng is the piece of horse bone we bought for our daughter.
Wu Mingxuan asked his Dongyue’s wife to acquire Legend Pictures to Wanda, who was waiting here. Unless Wanda completely gave up its original strategic plan, it would be inevitable to take this step, and it was just an opportunity to hit Wanda hard.
Boss Wang and Wang Lin naturally didn't know that this was the second poison pill that Wu Mingxuan fed Wanda. It was through the panic that Wanda was forced to seek medical treatment through film and television dramas, invested in some virtual film and television companies, increased investment in the film and television industry, and transformed from the original capital operation model to the model of film and television giants.
Otherwise, in terms of the current situation, Wanda's entertainment sector can basically give up directly. It has no source of films, so it can only grab source of films outside at a high price. From the previous old man, the grandson, the money is naturally earned by the producer, and it is also very unstable. At any time, like this time, all parties will join hands to put it on. Several major schedules will be posted for you this time. It is better to withdraw directly.
Therefore, Wanda, who does not want to withdraw, and Boss Wang, who is unwilling to admit defeat, is imperative to make Wanda Pictures transform and increase its investment in Wanda Pictures. Just like LeTV's own LeTV Pictures, it will naturally follow in the footsteps of LeTV Group, burning billions of billions every year for no reason until the parent company's working capital is completely burned out.
LeTV is actually not an isolated case. Sony Pictures, which is more coquettish, has suffered losses for nearly 20 years, burning hundreds of billions of dollars, seriously dragging down Sony's parent company. What kind of virtue can you do to change your fate against the will of Wanda?
So this seems to be a life path, but it is actually a dead end. For Wanda, it is difficult to survive in the future, lacking these liquid funds is simply a bit injuring itself.
However, at this time, Boss Wang and other senior shareholders did not realize this risk. Instead, after seeing Perfect, they had the illusion that we should be willing to spend money and do the same.
So today's meeting has another important topic, whether to accept Xu's surrender, and give him some opportunities, and by the way, further recruit soldiers, expand his strength and influence in the circle, and prepare for the long-term battle for hegemony in the future.
Xu Bald Head, who has already returned from Huayi Bona, is waiting outside the door for the final result. Some people really don’t want to choose this step, but who told him that he really has no choice now. He can only betray his body and soul and become a worker again.
What Wu Mingxuan never expected was that Zhang Zhao, the general manager of LeTV Pictures, actually appeared at the meeting. It turned out that Accountant Jia successfully formed a strategic offensive and defensive alliance with Wanda. Not only did he get 5 billion from Boss Wang to engage in LeTV Sports, LeTV Pictures also accepted Wanda Pictures' large-scale capital injection and became Brother's Company. Young Master Wang even went to LeTV to work, intending to create his own girl group talent show variety show.
Wu Mingxuan, who learned about this news, called Li Xue at the first time and asked in detail: Did they actually get together?
The Wang family and son invested 5 billion in private to LeTV Sports, and Wanda Pictures invested 10 billion to become the second largest shareholder of LeTV Pictures. In the future, they will spend another 5 billion to invest in movies with LeTV. That kid Wang Sicong became LeTV TV's production consultant. Will he participate in the production of a girl group talent show or cooperate with Crown TARA girl group?
Well, I have received the news so far. They took over the first movie released by Lu Chuan, "Nine-Story Demon Tower". At the same time, Wanda Pictures also invested 500 million yuan in investing in Xu Guangtou's newly opened film company, allowing Xu Guangtou to recruit soldiers everywhere, and the visitors were not good.
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