Seven days passed in a blink of an eye, and Lin Xuanbai did not acquire too many shares in the stock market, but he had already collected enough shares from three Canadians and three Americans.
On January 28, Wu Hao officially controlled IMAX Company with a 517% stake in the offshore company. Apart from asking the company to produce two 3DIMAX cameras for him, he did not interfere with any of the company's operations. The chairman and CEO of IMAX Company are still those people.
Of course, Wu Hao still wants to get the company IMAX CHINA and merge it into Haohan Star Media Group. The group holds 51% of IMAX CHINA, 49% of IMAX, and renamed IMAX China.
At the same time, it also gave 5% of Haohan Star Media's shares to IMAX.
IMAX has no objection to this. After all, they think that small companies with only 6 IMAX screen share revenue are not as good as Haohan Star Media Group, which has invested 1 billion yuan.
Although the screen profit of 600 yuan is very high, most shareholders do not believe in Wu Hao. Even if it is really successful, IMAX can also make a lot of revenue through 49% of its own and 5% of its own profits of Haohan Star Media Group.
Moreover, if IMAX can be developed to 600 screens, Haohan Star Media Group itself can develop into a giant group, and it will not be a loss no matter how you calculate it.
As for whether Wu Hao will lose, it is only 5%, and Wu Hao holds 51% of the shares in IMAX, which is actually equivalent to sharing less than 25% of the shares.
The offshore company was registered by Wu Hao instructed Citibank in the past few days. As a company that manages his overseas assets, Wu Hao's identity in China is not easy to register an offshore company to manage Haohan Star Media Group, but it doesn't matter to foreign companies. He will not give a lot of taxes to the US or Canadian governments, and the US Digital Kingdom Company is also included in the offshore company.
The offshore company also manages the money he earns in the stock market. It cost Wu Hao $1 billion to acquire IMAX, and Wu Hao's assets are now below 10 billion.
However, Wu Hao does not intend to stop. His next goal is of course Marvel Studios that will sweep the world in the next 10 years.
Of course, Wu Hao has no high requirements for Marvel, just be able to hold shares.
What Wu Hao really wants to acquire is Legend Pictures, which still has many big IPs, such as the Godzilla series Ah, the Jurassic Park series, the Pacific Rim series, etc.
Moreover, Legend Pictures and Christopher Nolan have always worked with each other. Nolan is the director Wu Hao likes very much. Even above Cameron, Wu Hao really wants to meet this director.
Of course, Legend does not have the right to issue the distribution, and Marvel also does not have it. This depends on another company, that is Disney.
Of course, Disney is very difficult. Wu Hao wanted to hold shares because he was interested in its copyright and issuance rights.
For the copyright tycoon Disney, there are really too many big IPs, such as the Star Wars series, Marvel series, X-Men series, etc. If these superheroes can appear in his movies, it wouldn’t be fun, right?
If Wu Hao wants to shoot CG animations, then so many classic anime characters in Disney can also make guest appearances. Of course, Wu Hao doesn't expect Mickey Mouse's copyright.
The other is the issue of distribution. Whether it is Legend Pictures or Chinese movies released in the United States in the future, the distribution rights are stuck.
Especially for foreign movies, there are basically no companies willing to publish the share of the money in the United States, and they are basically bought out.
Wu Hao doesn't care about the movies he made in the past. They are all small costs, so he buys it out. If he plans to shoot high-box movies such as "Inception" and "Martian Rescue", it would be a loss if he is directly bought out.
Disney has not yet acquired Lucas and Marvel Studios. Disney, which has just begun to adapt a live-action movie, has not really become a Hollywood giant. It should still be able to acquire some shares.
After signing the contract, Ferguson asked Wu Hao again how he planned to develop IMAX in China. This time there were three founders, including Chairman Bradley Wexler, CEO Richard Gerfang, and some other major shareholders.
Wu Hao looked at the people present with an interesting expression, and did not keep it a secret, and said: Do you know my identity?Have you ever learned about Chinese film circles?
Since you are going to sell the company's shares, Ferguson and others must have known Wu Hao's identity. After hearing Wu Hao's words, Ferguson said: As far as I know, you are the son of the director of the State Administration of Radio, Film and Television. Your own group company invests more than 600 million US dollars, and you are also a relatively successful film director in China, but does this have anything to do with the development of IMAX?
Of course it has something to do. I wonder if you have carefully studied the Chinese film and television industry. In China, radio and television manages everything in the film and television industry, from shooting licenses, issuance licenses, release licenses, to theater licenses, and even all directors, actors and other related personnel. All of these are radio and television management.It can be said that radio and television can ban anyone in any film and television industry, or even any company.Similarly, a sentence from radio and television can also affect the development of the film and television industry. As long as I let radio and television develop IMAX, all Chinese theater chains will rush to build IMAX screens and shoot IMAX movies.This is the power of the official, and in China, the power of the official is authority and command!My identity happened to affect the State Administration of Radio, Film and Television. As long as my father saw the shock of IMAX movies, he would support the development of IMAX.
However, it was not that exaggerated. Wu Hao was just a fool. In fact, he had no plans at all. He just simply believed in the Chinese market.
After hearing Wu Hao's words, Ferguson and others looked at each other, and then Chairman Wexler said: Wu, I'm angry and said bluntly that even if the official mandatory orders are required, the people below may not necessarily follow it. Moreover, we know that China is no longer the period of planned economy, and it depends on the market itself to develop, right?The official role can be achieved is actually very small.
Wu Hao didn't expect that Wexler Wu knew China quite well. He smiled and said: That's right, of course this is not enough. There is also a civilian leader. I am this civilian leader. I will build a total of 32 theaters including IMAX screens in 28 provincial capitals and 4 municipalities in China within this year. Among them, a giant screen 27 meters high and 33 meters wide will be built in Beijing, which will be the world's largest screen.
The screen size of the LG IMAX theater that opened in Sydney in 2014 will reach 2942 meters high and 3573 meters wide. It will exceed the screen built by Wu Hao by then. It is not that Wu Hao doesn't want to build a larger one, but this size is the limit that Wu Hao can build. The five floors below his building are only 9 meters high, and only 27 meters high screen can be built.
Although the prospect depicted by Wu Hao is very attractive, the few people present were not attracted. Wexler even retorted: I'm angry and said bluntly, Mr. Wu, even if you built these 32 IMAX theaters, the Chinese market seems to be unable to support these theaters. IMAX theaters can't be built in random ways. You have to consider the market's ability to withstand, and how can there be so many IMAX movies to be screened at present?Don’t build such a cinema then, but no one will watch it at all, maybe you will lose money.We will not be able to make any profits at all.
After Wexler finished speaking, everyone present immediately started to discuss it. They felt that it was right. IMAX screens could not be built randomly, and they would definitely lose money if they were not allowed.
IMAX company has two models: joint venture and divided into two types. In theory, there is no need to worry about losses.
But Wu Hao's direct sales model can be regarded as a direct sales model, so the management of IMAX is still very concerned about operating costs.
Wu Hao smiled and said: First of all, IMAX China does not need blood transfusions from the headquarters, which means that losing money is my personal, and making money is everyone's.Secondly, I am very confident in the Chinese market.China will complete the development of the US film market for this century in this decade, of course, this does not include the development of the film industry.Finally, I don’t know if you have followed Cameron’s movie Avatar. This movie will change the world’s movie landscape. After this movie, the whole world will start shooting a large number of IMAX movies, and audiences will begin to really pay attention to IMAX movies.As for before the new movie comes out, we can also screen the IMAX movies we filmed before, such as Polar Express and Superman Return, and I can introduce them to show them.
After Wu Hao finished speaking, everyone started to discuss again. They had never seen Avatar, they didn't know the changes that this movie could bring, and they could not imagine the development of the Chinese film market. In other words, they never believed Wu Hao's statement.
However, since Wu Hao had already said that IMAX blood transfusion was not needed, and the betting agreement signed by Wu Hao, everyone had to give up.
Of course, I am also planning to read Wu Hao's jokes. After ten years, Wu Hao will return the 517% stake free of charge.
After the meeting, Ferguson sent Wu Hao out of IMAX. On the way, he shook his head and said to Wu Hao: I regret selling the company to you. Your plan is not reliable at all. This kind of plan that simply relies on the development of the market itself would be too risky. If it weren't for signing a bet agreement with you, I would probably regret it to death now.
Wu Hao smiled and said: Do you want to wait until I pay back your shares?I'm afraid I'll let you down, I will definitely succeed, I believe in my vision.
Ferguson shrugged and said: It doesn’t matter, no matter whether you really develop IMAX China or you have to pay back my shares, IMAX will not lose.
On January 28, Wu Hao officially controlled IMAX Company with a 517% stake in the offshore company. Apart from asking the company to produce two 3DIMAX cameras for him, he did not interfere with any of the company's operations. The chairman and CEO of IMAX Company are still those people.
Of course, Wu Hao still wants to get the company IMAX CHINA and merge it into Haohan Star Media Group. The group holds 51% of IMAX CHINA, 49% of IMAX, and renamed IMAX China.
At the same time, it also gave 5% of Haohan Star Media's shares to IMAX.
IMAX has no objection to this. After all, they think that small companies with only 6 IMAX screen share revenue are not as good as Haohan Star Media Group, which has invested 1 billion yuan.
Although the screen profit of 600 yuan is very high, most shareholders do not believe in Wu Hao. Even if it is really successful, IMAX can also make a lot of revenue through 49% of its own and 5% of its own profits of Haohan Star Media Group.
Moreover, if IMAX can be developed to 600 screens, Haohan Star Media Group itself can develop into a giant group, and it will not be a loss no matter how you calculate it.
As for whether Wu Hao will lose, it is only 5%, and Wu Hao holds 51% of the shares in IMAX, which is actually equivalent to sharing less than 25% of the shares.
The offshore company was registered by Wu Hao instructed Citibank in the past few days. As a company that manages his overseas assets, Wu Hao's identity in China is not easy to register an offshore company to manage Haohan Star Media Group, but it doesn't matter to foreign companies. He will not give a lot of taxes to the US or Canadian governments, and the US Digital Kingdom Company is also included in the offshore company.
The offshore company also manages the money he earns in the stock market. It cost Wu Hao $1 billion to acquire IMAX, and Wu Hao's assets are now below 10 billion.
However, Wu Hao does not intend to stop. His next goal is of course Marvel Studios that will sweep the world in the next 10 years.
Of course, Wu Hao has no high requirements for Marvel, just be able to hold shares.
What Wu Hao really wants to acquire is Legend Pictures, which still has many big IPs, such as the Godzilla series Ah, the Jurassic Park series, the Pacific Rim series, etc.
Moreover, Legend Pictures and Christopher Nolan have always worked with each other. Nolan is the director Wu Hao likes very much. Even above Cameron, Wu Hao really wants to meet this director.
Of course, Legend does not have the right to issue the distribution, and Marvel also does not have it. This depends on another company, that is Disney.
Of course, Disney is very difficult. Wu Hao wanted to hold shares because he was interested in its copyright and issuance rights.
For the copyright tycoon Disney, there are really too many big IPs, such as the Star Wars series, Marvel series, X-Men series, etc. If these superheroes can appear in his movies, it wouldn’t be fun, right?
If Wu Hao wants to shoot CG animations, then so many classic anime characters in Disney can also make guest appearances. Of course, Wu Hao doesn't expect Mickey Mouse's copyright.
The other is the issue of distribution. Whether it is Legend Pictures or Chinese movies released in the United States in the future, the distribution rights are stuck.
Especially for foreign movies, there are basically no companies willing to publish the share of the money in the United States, and they are basically bought out.
Wu Hao doesn't care about the movies he made in the past. They are all small costs, so he buys it out. If he plans to shoot high-box movies such as "Inception" and "Martian Rescue", it would be a loss if he is directly bought out.
Disney has not yet acquired Lucas and Marvel Studios. Disney, which has just begun to adapt a live-action movie, has not really become a Hollywood giant. It should still be able to acquire some shares.
After signing the contract, Ferguson asked Wu Hao again how he planned to develop IMAX in China. This time there were three founders, including Chairman Bradley Wexler, CEO Richard Gerfang, and some other major shareholders.
Wu Hao looked at the people present with an interesting expression, and did not keep it a secret, and said: Do you know my identity?Have you ever learned about Chinese film circles?
Since you are going to sell the company's shares, Ferguson and others must have known Wu Hao's identity. After hearing Wu Hao's words, Ferguson said: As far as I know, you are the son of the director of the State Administration of Radio, Film and Television. Your own group company invests more than 600 million US dollars, and you are also a relatively successful film director in China, but does this have anything to do with the development of IMAX?
Of course it has something to do. I wonder if you have carefully studied the Chinese film and television industry. In China, radio and television manages everything in the film and television industry, from shooting licenses, issuance licenses, release licenses, to theater licenses, and even all directors, actors and other related personnel. All of these are radio and television management.It can be said that radio and television can ban anyone in any film and television industry, or even any company.Similarly, a sentence from radio and television can also affect the development of the film and television industry. As long as I let radio and television develop IMAX, all Chinese theater chains will rush to build IMAX screens and shoot IMAX movies.This is the power of the official, and in China, the power of the official is authority and command!My identity happened to affect the State Administration of Radio, Film and Television. As long as my father saw the shock of IMAX movies, he would support the development of IMAX.
However, it was not that exaggerated. Wu Hao was just a fool. In fact, he had no plans at all. He just simply believed in the Chinese market.
After hearing Wu Hao's words, Ferguson and others looked at each other, and then Chairman Wexler said: Wu, I'm angry and said bluntly that even if the official mandatory orders are required, the people below may not necessarily follow it. Moreover, we know that China is no longer the period of planned economy, and it depends on the market itself to develop, right?The official role can be achieved is actually very small.
Wu Hao didn't expect that Wexler Wu knew China quite well. He smiled and said: That's right, of course this is not enough. There is also a civilian leader. I am this civilian leader. I will build a total of 32 theaters including IMAX screens in 28 provincial capitals and 4 municipalities in China within this year. Among them, a giant screen 27 meters high and 33 meters wide will be built in Beijing, which will be the world's largest screen.
The screen size of the LG IMAX theater that opened in Sydney in 2014 will reach 2942 meters high and 3573 meters wide. It will exceed the screen built by Wu Hao by then. It is not that Wu Hao doesn't want to build a larger one, but this size is the limit that Wu Hao can build. The five floors below his building are only 9 meters high, and only 27 meters high screen can be built.
Although the prospect depicted by Wu Hao is very attractive, the few people present were not attracted. Wexler even retorted: I'm angry and said bluntly, Mr. Wu, even if you built these 32 IMAX theaters, the Chinese market seems to be unable to support these theaters. IMAX theaters can't be built in random ways. You have to consider the market's ability to withstand, and how can there be so many IMAX movies to be screened at present?Don’t build such a cinema then, but no one will watch it at all, maybe you will lose money.We will not be able to make any profits at all.
After Wexler finished speaking, everyone present immediately started to discuss it. They felt that it was right. IMAX screens could not be built randomly, and they would definitely lose money if they were not allowed.
IMAX company has two models: joint venture and divided into two types. In theory, there is no need to worry about losses.
But Wu Hao's direct sales model can be regarded as a direct sales model, so the management of IMAX is still very concerned about operating costs.
Wu Hao smiled and said: First of all, IMAX China does not need blood transfusions from the headquarters, which means that losing money is my personal, and making money is everyone's.Secondly, I am very confident in the Chinese market.China will complete the development of the US film market for this century in this decade, of course, this does not include the development of the film industry.Finally, I don’t know if you have followed Cameron’s movie Avatar. This movie will change the world’s movie landscape. After this movie, the whole world will start shooting a large number of IMAX movies, and audiences will begin to really pay attention to IMAX movies.As for before the new movie comes out, we can also screen the IMAX movies we filmed before, such as Polar Express and Superman Return, and I can introduce them to show them.
After Wu Hao finished speaking, everyone started to discuss again. They had never seen Avatar, they didn't know the changes that this movie could bring, and they could not imagine the development of the Chinese film market. In other words, they never believed Wu Hao's statement.
However, since Wu Hao had already said that IMAX blood transfusion was not needed, and the betting agreement signed by Wu Hao, everyone had to give up.
Of course, I am also planning to read Wu Hao's jokes. After ten years, Wu Hao will return the 517% stake free of charge.
After the meeting, Ferguson sent Wu Hao out of IMAX. On the way, he shook his head and said to Wu Hao: I regret selling the company to you. Your plan is not reliable at all. This kind of plan that simply relies on the development of the market itself would be too risky. If it weren't for signing a bet agreement with you, I would probably regret it to death now.
Wu Hao smiled and said: Do you want to wait until I pay back your shares?I'm afraid I'll let you down, I will definitely succeed, I believe in my vision.
Ferguson shrugged and said: It doesn’t matter, no matter whether you really develop IMAX China or you have to pay back my shares, IMAX will not lose.
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