If it were other distribution giants, they might turn a blind eye. When the above notices, they would not always draw such a large-scale investment movie because of these negative news. However, the Wang family and son are different, and the rest are all easy to say. However, they are the most afraid of this, and they dare not bear the political risk. They directly draw "Hong Kong Jiǒng" in advance and no longer get involved in such troubles.
It’s just that some black material is fine. Once it involves political stance, especially Taiwanese D artists, it will be very serious. This is the helplessness of the red-topped businessman.
Even Wanda admitted defeat, so the General Administration was naturally not polite. Less than 48 hours after the incident fermented, they directly banned the movie "No Other Love" and the two important starring actors involved. The two were directly on the ban list and banned them from engaging in any form of economic affairs in the mainland before formally apologizing to write a public review and admitting their mistakes. The relevant film and television dramas were offline on all platforms, and violators would be severely punished.
Although Zhao Wei and the others were not punished, the subsequent series of losses made Zhao Wei almost vomit blood. He really saw the method of Sister Xue. If he didn't take action, he would have to die!
The movies that were originally given high expectations had to be drawn in advance for one reason or another. There were no decent new movies in the huge cinema. They were all old movies released before. The poor attendance rate and the low popularity can be imagined. However, this also indirectly reflects the degree of dependence on high-quality film sources of differentiated release, which is almost the key to life and death.
The relevant departments of the General Administration, which have always been paying attention to the overall market trend, did not say anything more after discovering that the recent single-day box office has increased instead of decreasing, because in terms of industry regulations, it has indeed not said that everyone must be required to release the same movies in a unified manner. If the movies you make must be released in every theater chain. There is no such regulation, and it is impossible to write such regulations into it.
As for mediation, Wu Mingxuan can accept it, but naturally he can not accept it. Now others have made it clear that they do not accept mediation. If the entire market has a bad development trend because of his actions, then the higher-level relevant departments can directly intervene. Now the entire market has not been affected too much, but instead increases instead of decreasing, it is naturally a mastermind.
As Wu Mingxuan analyzed, the theater business is not Wanda's focus now. Although the popularity is severely boycotted, this is all temporary.
After the subsequent impact gradually fades, whether the audience enters the venue will still depend on the quality of the movies screened in the cinema. Therefore, based on the current situation, Wanda Cinema will only suffer a loss of tens of billions this year. With Wanda's current size, the impact is not great, so there is no need to spend too much favor on it.
Wanda's senior executives who have already smelled risks are more willing to use their favors in credit. Just like Evergrande in later generations, Wanda now has long been insolvent, and the total amount of loans outside is higher than the total market value of the entire group.
In mainland China, if you want to do real estate, it is still a large scale that blooms everywhere in the country. The energy and connections in the official position are essential. In terms of actual profits, real estate is not as profitable as many people imagine, because many of them make future money.
Simply put, I made a total of 3 billion yuan in the previous real estate projects, 3,000 yuan per square meter, but I may have to spend 20 billion yuan just to acquire land this year, which is only two or three thousand lower than my current retail price. In other words, after the new real estate projects are developed, I must increase the price by 50% on the existing basis and I can guarantee a profit of about 3,000 yuan per square meter.
Doesn’t it sound stupid? Since this is the case, I might as well be reluctant to sell it. If I don’t sell the fiefdom, it’s a pity that it doesn’t work. This has a cycle. At the beginning, I could stock up on land like this, but after 2010, many big cities will not allow it.
So these real estate giants have changed into a brand new way of playing, constantly speculating on land, then mortgaged it with the bank's money, and used the bank's money to develop these land, and only took out a small part of the money to operate in the middle.
Because the credibility of different real estate giants is different from the influence of their connections and connections, their valuation system and loan ratio are also very different. Some of them value some commercial real estate very high, and the actual amount of loans far exceeds the company's own market value, and the interest rate is very low, and some are even below 4% for a long time, comparable to provident fund loans.
In other words, the model of these real estate giants is to suck blood on the heads of banks and all the people, and use their money to continuously strengthen themselves. At the same time, all systemic risks have become the ones for banks and the people. Therefore, China's real estate has kidnapped the entire country, destroyed countless real industries, and real estate speculation has prospered the country, and industry has ruined the country!
This situation is different from the land annexation that only occurred in the middle and late periods of the dynasties in history. It gradually became no different from the supremacy of imperial power. Later, it was class solidification. The people at the bottom were unable to see any hope of realizing class hierarchy. At this time, it was easy to call for a high level, and would there be a way for kings, princes, generals and ministers?
The senior management naturally did not allow such a situation to happen, so it began its first serious move, withdrawing loans and reducing systemic risks in the banking industry, and strictly investigating illegal loans by real estate companies. This is not to control and suppress housing prices, but mainly to reduce their own risks first and avoid a very serious credit crisis.
So Wanda, which had the toughest relationship and had the most loans, was in great trouble. How could it take out these loans for a while? Fortunately, Wanda was the first to get the news and was the first to get trouble. On the contrary, it was easier to get out of it than Evergrande later. When it really started to control housing prices and strictly withdraw loans, real estate giants with large scale like Wanda Evergrande would basically be difficult to escape.
It’s just that some black material is fine. Once it involves political stance, especially Taiwanese D artists, it will be very serious. This is the helplessness of the red-topped businessman.
Even Wanda admitted defeat, so the General Administration was naturally not polite. Less than 48 hours after the incident fermented, they directly banned the movie "No Other Love" and the two important starring actors involved. The two were directly on the ban list and banned them from engaging in any form of economic affairs in the mainland before formally apologizing to write a public review and admitting their mistakes. The relevant film and television dramas were offline on all platforms, and violators would be severely punished.
Although Zhao Wei and the others were not punished, the subsequent series of losses made Zhao Wei almost vomit blood. He really saw the method of Sister Xue. If he didn't take action, he would have to die!
The movies that were originally given high expectations had to be drawn in advance for one reason or another. There were no decent new movies in the huge cinema. They were all old movies released before. The poor attendance rate and the low popularity can be imagined. However, this also indirectly reflects the degree of dependence on high-quality film sources of differentiated release, which is almost the key to life and death.
The relevant departments of the General Administration, which have always been paying attention to the overall market trend, did not say anything more after discovering that the recent single-day box office has increased instead of decreasing, because in terms of industry regulations, it has indeed not said that everyone must be required to release the same movies in a unified manner. If the movies you make must be released in every theater chain. There is no such regulation, and it is impossible to write such regulations into it.
As for mediation, Wu Mingxuan can accept it, but naturally he can not accept it. Now others have made it clear that they do not accept mediation. If the entire market has a bad development trend because of his actions, then the higher-level relevant departments can directly intervene. Now the entire market has not been affected too much, but instead increases instead of decreasing, it is naturally a mastermind.
As Wu Mingxuan analyzed, the theater business is not Wanda's focus now. Although the popularity is severely boycotted, this is all temporary.
After the subsequent impact gradually fades, whether the audience enters the venue will still depend on the quality of the movies screened in the cinema. Therefore, based on the current situation, Wanda Cinema will only suffer a loss of tens of billions this year. With Wanda's current size, the impact is not great, so there is no need to spend too much favor on it.
Wanda's senior executives who have already smelled risks are more willing to use their favors in credit. Just like Evergrande in later generations, Wanda now has long been insolvent, and the total amount of loans outside is higher than the total market value of the entire group.
In mainland China, if you want to do real estate, it is still a large scale that blooms everywhere in the country. The energy and connections in the official position are essential. In terms of actual profits, real estate is not as profitable as many people imagine, because many of them make future money.
Simply put, I made a total of 3 billion yuan in the previous real estate projects, 3,000 yuan per square meter, but I may have to spend 20 billion yuan just to acquire land this year, which is only two or three thousand lower than my current retail price. In other words, after the new real estate projects are developed, I must increase the price by 50% on the existing basis and I can guarantee a profit of about 3,000 yuan per square meter.
Doesn’t it sound stupid? Since this is the case, I might as well be reluctant to sell it. If I don’t sell the fiefdom, it’s a pity that it doesn’t work. This has a cycle. At the beginning, I could stock up on land like this, but after 2010, many big cities will not allow it.
So these real estate giants have changed into a brand new way of playing, constantly speculating on land, then mortgaged it with the bank's money, and used the bank's money to develop these land, and only took out a small part of the money to operate in the middle.
Because the credibility of different real estate giants is different from the influence of their connections and connections, their valuation system and loan ratio are also very different. Some of them value some commercial real estate very high, and the actual amount of loans far exceeds the company's own market value, and the interest rate is very low, and some are even below 4% for a long time, comparable to provident fund loans.
In other words, the model of these real estate giants is to suck blood on the heads of banks and all the people, and use their money to continuously strengthen themselves. At the same time, all systemic risks have become the ones for banks and the people. Therefore, China's real estate has kidnapped the entire country, destroyed countless real industries, and real estate speculation has prospered the country, and industry has ruined the country!
This situation is different from the land annexation that only occurred in the middle and late periods of the dynasties in history. It gradually became no different from the supremacy of imperial power. Later, it was class solidification. The people at the bottom were unable to see any hope of realizing class hierarchy. At this time, it was easy to call for a high level, and would there be a way for kings, princes, generals and ministers?
The senior management naturally did not allow such a situation to happen, so it began its first serious move, withdrawing loans and reducing systemic risks in the banking industry, and strictly investigating illegal loans by real estate companies. This is not to control and suppress housing prices, but mainly to reduce their own risks first and avoid a very serious credit crisis.
So Wanda, which had the toughest relationship and had the most loans, was in great trouble. How could it take out these loans for a while? Fortunately, Wanda was the first to get the news and was the first to get trouble. On the contrary, it was easier to get out of it than Evergrande later. When it really started to control housing prices and strictly withdraw loans, real estate giants with large scale like Wanda Evergrande would basically be difficult to escape.
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