TVB has experienced severe internal friction in the past few years. Shareholders are vying for power and only want to obtain greater profits to make up for their losses.
At the beginning, the introduction of TV series from abroad achieved good results and indeed made profits.
Then they began to use their reserves to introduce more than a dozen TV series from abroad one after another, and even cut some programs to broadcast TV series.
The result was tragic. Not only did it fail to achieve a ratings boom, it actually caused ratings to drop continuously.
The first time I purchased a foreign TV series, I was trying to test the waters. The prices offered by foreign TV stations were very low. The prices of subsequent TV series purchased were not low at all.
It’s a loss. It’s a loss for introducing foreign TV series. It also led to a loss of personnel after many programs were canceled.
It will cost a lot of money to bring these people back.
There were constant quarrels in the board of directors. Finally, someone suggested that we should promote people from within. If that was not possible, we would not consider hiring people from outside. This temporarily calmed down the turmoil on the board of directors.
Next, a farce began to unfold. Many beauties with no hosting experience were appointed, all arranged by the directors.
Various programs appeared one after another at a time, and the whole program was not smooth, and there were various cold spots. The host was simply unable to control the trend of the entire program.
After the former veterans were invited back, they could only shake their heads helplessly when they saw this scene. They remembered that back then, TVB was at its peak of talent and there were countless big names in hosting.
There are all kinds of beauties and handsome guys, everyone has their own talents.
It has only been a few years, but TVB has regressed to such an extent that many people cannot believe their eyes.
Some of these programs only ran for less than three months and then stopped, while the longest ones only ran for eight months and then stopped. The ratings fell to incredible levels.
Chen Jianxing put forward a reform proposal at the board of directors, asking everyone to use share financing to completely change TVB's current situation and re-emerge with a new look.
The financing amount is as high as 3 billion.
As a result, the proposal was rejected by the board of directors, and other directors were unwilling to invest again.
Anxious Chen Jianxing had conflicts with several directors on the board of directors, arguing and swearing constantly.
This time at the board of directors, the conflicts between all directors were brought to light. In the next few waves of people, you started to plot against me, and I plotted against you.
In the beginning, it was limited to vetoing proposals, but it gradually spread to personnel arrangements. Today you kill me alone, and tomorrow I will kill you alone.
After a year of fighting, everyone in TVB was in panic. No one was focusing on work anymore.
Chen Jianxing really wanted TVB to rise again, so he quietly raised a sum of funds, acquired the shares held by two small shareholders, and increased his own shares.
Only two of them have been settled, and the remaining small shareholders are waiting for the price. Once you have the money, everything will be easy.
In the middle of last year, when the board meeting was held, Chen Jianxing began to make one last effort to persuade the directors by adding his own feelings for TVB.
"Everyone, even if you want to get out, you must first raise the stock price and find a taker. Without a taker, the shares are just a piece of waste paper and worthless."
"The current stock price is 3.2 yuan per share. Compared with the 48.6 stock price four years ago, everyone knows how much it differs."
"I hope all shareholders will give me a chance. Let's raise 2 billion together to give TVB a new life, or we can raise the stock price first."
"We must save ourselves now."
Not to mention, Chen Jianxing's tearful speech played a certain role. Many shareholders let out a long sigh when they recalled the fluctuations in stock prices.
At that time, I and others laughed at the infighting on the ATV board of directors, which would kill them sooner or later.
Unexpectedly, I and others have reached this point.
Chen Jianxing knew that he wanted to achieve something, but he just raised 2 billion, and he really couldn't afford that much money.
This time, the board of directors was very harmonious in recent years. The two billion financing was not passed. However, the resolution that the directors not interfere with the company's personnel was passed.
Chen Jianxing will be solely responsible for personnel matters to revive the company.
As a result, Chen Jianxing gave up his choice.
"Everyone, currently the two major TV stations in Xiangjiang City and the top ten gold medal emcees have all gone to ATV. We have to poach some people over."
“If you want to recruit people, you have to spend money.”
"Second, we have also suffered a serious loss of internal management personnel. Many experienced employees with more than eight years of working experience have become rational."
"Everyone has seen what the newcomers are capable of, and they have many tricks. It's a pity that consumers don't buy it."
"We also need to replenish manpower, and we also need to spend money."
"Third, equipment. Although our equipment was better than ATV's a few years ago, now, ATV's equipment is more than two generations ahead of us in performance."
“If we don’t change, the user experience will still not be better.”
"fourth."
"fifth."
"Sixth, the funds in the financial account can only pay this month's employee salaries. No matter what you want to do, there is no funding support."
"From now on, all shareholders can arrange for accounting firms to come and audit their accounts."
"If I, Chen Jianxing, are found to have embezzled even a penny, I will resign immediately!"
"It's hard for a good woman to make a meal without rice. Even if you give me the rights, I can't operate without funds."
"It's better if everyone doesn't invest a penny and waits for two months and goes bankrupt."
Chen Jianxing said these words with a gloomy face, and all the shareholders were uneasy now. They really didn't expect that TVB's background has reached such a level.
It is simply unbelievable that such a strong foundation and financial reserves have been spent all in just a few years.
However, everyone also knows that Chen Jianxing will definitely not embezzle. The directors all have their own personnel in the company, and the finance department is no exception.
If we really want to check it out, Chen Jianxing is fine, maybe he is in trouble.
Major shareholder Ma Dezhong looked at everyone and said, "Everyone, it's time for us to work together."
"The financing thing is a bit sudden today. We all have big businesses, and suddenly withdrawing a sum of funds will affect other industries."
"I suggest we end today's meeting and give everyone some time to think about where we can turn over funds."
"TVB is really bankrupt, and our investment is worthless."
“What do you think?”
After listening to Ma Dezhong's words, everyone began to nod. Chen Jianxing thought for a while and realized that he had gained something today. At least he had taken back his personnel rights.
We will have a meeting to discuss financing in a few days. In short, we will never carry out any reforms without financing.
In this way, this time the board meeting ended in a relatively harmonious state, and it was agreed to hold the board meeting a week later.
A week passed slowly, and all the big guys gathered together again and began to seriously discuss financing matters. They discussed and discussed, and finally came up with a plan to raise 100 million yuan.
Seeing this plan, Chen Jianxing was so angry that he wanted to vomit blood.
“Everyone, it’s no longer the 1970s or 1980s, this year is already 2021.”
"A portion of barbecued pork rice only cost 12 yuan a piece in the 1970s and 1980s. Now, it costs 140 yuan a piece."
“The rent for a one-bedroom apartment in the 1970s and 1980s was 5,000 to 6,000 yuan a month. Now, a house of the same size costs more than 8,000 yuan a month.”
"In those days, an employee's salary of 3,000 yuan was a high salary. Now, 10,000 yuan is hardly enough to meet employees' basic living needs."
"We have more than 400 employees, with an average monthly salary of around 30,000."
"Carry out new programs, deploy personnel, deploy equipment, and make various props."
"Not to mention other things, the equipment purchase alone will cost more than 17 million U.S. dollars."
"You decide for yourself what 100 million Hong Kong dollars can do and what reforms can be carried out!"
Chen Jianxing was really furious. He couldn't bear it and laid out the matter in detail, and all the shareholders fell silent.
There is no way to refute, everyone knows that Chen Jianxing is telling the truth.
This meeting once again broke up unhappily, and the meeting resumed a week later. Chen Jianxing insisted that if there was no result next time, he would no longer be the chairman of the board of directors.
Whoever wants to be a beneficiary will be a benefactor, and he will find a way to dispose of his shares and leave TVB completely.
In this way, another week passed, and this time the discussion started again. After more than two hours, US$70 million in financing was passed, which is more than 500 million Hong Kong dollars.
All funds must be credited within one week. If not, your shares will be diluted at twice the rate.
This proposal was finally passed under Chen Jianxing's strong insistence.
Next, Chen Jianxing began to carry out reforms. The first step was to lay off employees and eliminate all those personnel who had high ambitions and low abilities arranged by the directors.
Then we began to promote a group of talented people and began to purchase a new generation of shooting equipment and signal equipment.
Chen Jianxing said he was buying American products, but in fact he reached an agreement directly with Weiwei Group and spent more than five million US dollars to purchase Weiwei's signaling equipment.
It's like spending a small amount of money to do big things.
However, they have encountered resistance when it comes to poaching people. The poached emcees and those who are capable are unwilling to leave ATV. Li Xuejian of ATV has been paying attention to the situation of TVB.
A direct announcement was made that ATV would never use the personnel who left ATV to join TVB!
Our boss at ATV is the richest man in the world. We are never afraid of burning money!
Li Xuejian's words made everyone hesitate. After thinking again and again, no one dared to change jobs because no one was optimistic about TVB's future.
This time the boardroom infighting subsided, what about next time?
If he is fired due to internal fighting next time and ATV does not take him in, he will be completely unemployed.
The cost of living in Xiangjiang City is so high. If you don’t have a job, you will definitely starve to death.
After poaching people failed, Li Xuejian immediately began to change his position and began to personally assess the hosts to select potential newcomers for training and let the old people take them away.
It is not suitable to add new variety shows at the moment, so we should think of ways to look at movies and TV series and continue to purchase high-quality foreign films to maintain ratings.