In 2019, the total box office nationwide was 64.266 billion, reaching a historical peak.
In 2020, it was 20.417 billion, in 2021, it was 47.258 billion, and in 2022, it was 30.067 billion. In the past three years, more than 3,000 cinemas have closed down, and even Wanda has closed more than 60 cinemas.
And this year is 2023.
As of October, the national market has exceeded 47.1 billion, showing a strong recovery.
99 There are more than 3,000 screens in China, and about 100 movies, TV series, animations, documentaries, etc. are produced every year.
The strategy is simple: accumulate food widely, build walls high, and slow...well, slow development.
Yao Yuan did not tell Jiajia the specific reasons. Yu Jiajia trusted him unconditionally and only wanted to shrink the industry, adopt a conservative stance, and no longer expand easily.
Cut costs, reduce the number of production works, focus on online channels, and accumulate more funds.
When the epidemic strikes, don’t panic if you have money.
Of course, for individuals, having food at home may be more important.
Overseas, Hollywood giants have also been greatly affected by the epidemic, and they have invested heavily in streaming media. Disney, Amazon, Apple, etc. are gaining momentum, and their membership growth rate is extremely fast. In the future, it will be comparable to Netflix.
Hugelive must also be the target of their pursuit.
But Hugelive is different from Netflix. It has taken root in the Asian market early. At the same time, it has cultivated members in developing countries and specializes in filming things that their people like to see and hear, such as fucking old Americans! Fuck old Americans! Fuck old Americans!
Moreover, Yao Yuan has conquered Hong Kong and will soon conquer South Korea. The two major production bases can continuously produce films, and the foundation is stronger than Netflix.
Yao Yuan is planning or has already aired projects including "Squid Game", "Dark Glory", "D.P: Deserter", "Sweet Home", "House of Money", "Darkness", "The Witcher", "One Piece", "Ghost"
"Yu Hakusho", "Ranma", etc.
He bought the rights to adapt many games and animations, which have a global audience, which is equivalent to gathering food to prepare for war.
Yao Yuan estimated that 99 related industries, Weibo, WeChat, games, long and short videos, are the most risky during the epidemic, and may even be good opportunities for development.
Cyber Security 360 has no impact on financial payments.
The biggest impact is on shopping malls, Yuetuan and Pinduoduo, Didi, Meizu mobile phones and smart homes, and then extends to logistics, food delivery, and online ride-hailing.
These businesses all suffer losses or even decline to a certain extent. Fortunately, they will eventually pass and they can survive. But there are countless small and medium-sized enterprises and self-employed businesses that cannot survive.
As for the post-epidemic era.
Well, slow employment, slow talents, people waiting for the rich, existing couples, full-time children... I am learning new words every day.
…………
After leaving the Oriental Movie Capital, Yao Yuan stayed in the capital for a few days and then went to the United States without stopping.
He said he wanted to accumulate grain and immediately took action. He first sold DCP Group, a subsidiary of Jiahe, to Hugelive for US$400 million.
DCP owns more than 20 major IPs including the Golden Globe Awards, American Music Awards, Billboard Music Awards, and American Country Music Awards. Yao Yuan spent US$400 million to acquire it and sold it at the original price.
This is no ordinary left hand reverse right hand.
He and Yu Jiajia have absolute control over Jiahe Group, but their shareholding in Hugelive is no longer the largest shareholder, and of course they still have voting rights.
This is equivalent to DCP changing hands from a Chinese-led company to Hugelive, which has complex equity and involves many large European and American capitals.
The trade war will start next year, and Yao Yuan is still fighting it when he is reborn. He does not expect Sichuan Wazi or Lao Ping to have a conscience, and must deal with some American industries in advance.
In addition to DCP, there is another big project.
Yao Yuan was in the United States, directing behind the scenes, and suddenly released a message: Rogge Pictures intends to sell!
boom!
Hollywood was instantly alarmed.
Unlike DCP, whose ratings are declining year by year, Rogge Films is legendary.
Yao Yuan took over Rogge Films in 2011 and has been operating it for six years. It regularly produces a number of small-budget films every year, as well as several medium-investment films, but so far there has not been a single major production.
His representative works are the "Purge" series, "The Conjuring" universe series, "Dallas Buyers Club", "La La Land", "Ex Machina", etc.
Art films have both profits and losses, while commercial films have not lost money, all have made profits, and they have won several Oscars.
In 6 years, it has achieved a total box office of more than 2 billion U.S. dollars. It is not as good as the big companies, but it is already the leader among secondary companies. It has IP and achievements. If such a company is sold to the public, Hollywood will take the lead.
There are currently six major ones: Disney, Universal, Warner Bros., 20th Century Fox, Paramount and Sony Columbia.
And these six companies all have streaming media platforms in the future.
So Yao Yuan doesn't pick and choose, just depends on the conditions, and if he can negotiate, he will sell.
"$3.5 billion?"
"Are you kidding? Wanda only spent 3.5 billion to acquire Legendary Pictures. Rogge's box office, word-of-mouth, Oscars, and profitability far exceed that of Legendary. If you use the same price to negotiate, I don't think you are sincere!"
"$8 billion!"
"No, no, US$8 billion is too exaggerated, and you guys are equally lacking in sincerity!"
The six companies took turns to negotiate. Yao Yuan sent a negotiation team and offered an asking price of US$8 billion. This was a sky-high asking price. Five of them could not accept it, leaving only Disney.
Yao Yuan's target is also Disney, who makes them the richest?
Disney is far ahead with the Marvel Universe and is extremely wealthy. Next year, it will spend US$71.3 billion to acquire Fox and return the X-Men to the Marvel family.
"To be honest, I have no interest in your company, just because you have some good IP, 8 billion is impossible, 4 billion US dollars!"
"Since you mentioned IP, you should know the value they represent.
The fourth part of "The Purge" will be released next year. The first three parts of this series cost less than 50 million, but they have earned a box office of 300 million U.S. dollars. There are also two spin-off series and an animation.
The first four installments of the "Conjuring" universe made over $1 billion, costing less than $40 million, and we also have at least five projects including "The Nun", "Curse of the Weeping Woman", "Annabelle 3", "The Conjuring 3" and "The Nun 2"
Ready for development.
Your Marvel Universe is indeed powerful, but your costs are high and the risks are high.
Our "The Conjuring" universe is the most cost-effective and can be used to develop countless derivative works, which is a very good complement to even major studios."
Disney came to the "Conjuring" universe. Although the parent company focuses on family-friendly happy reunion movies, it also has subsidiaries that produce various types of movies.
After talking for a long time, Yao Yuan's people proposed that these copyrights should be shared. Of course, Disney's copyright maniacs refused to do so. After much discussion, they finally reached an agreement:
The rights and undeveloped projects are given to Disney, but the films are allowed to be streamed on Hugelive for a period of five years.
The total price is US$6.8 billion!
With the current size of Rogge Films, the price is definitely a lot higher.
…
After the news was announced, Hollywood once again lamented Disney's inhumanity.
The outside world is puzzled, why should Rogge Pictures be sold if it is in good condition?
The explanation given by Yao Yuan was that he wanted to invest heavily in streaming media and focus on the development of Hugelive... Hugelive's shareholders were furious. This money had nothing to do with them. Rogge Pictures only belonged to Golden Harvest.
But Hugelive took over DCP Group, TikTok has good momentum, and its stock price is soaring.
In short, Yao Yuan has withdrawn a large amount of funds, which is enough for 99 Entertainment to cope with the coming cold winter period.
He has a big thing on his mind right now, but he still can't talk about it.
This made him feel very bad recently. When he was in a bad mood, he had to go home and find his own anchor. It used to be Yin Yin, but now he has a little devil.