When the family of three set off, there was already a busy scene here in Bright Times.
The girls at the administrative front desk were so busy that they had to make countless trips to and from the conference room to serve tea and entertain guests.
The employees also felt that the atmosphere today was different from the past. Many managers who had never met or had met but had only a vague impression of it came to the head office today. This was a situation they had never seen before except for the annual meeting.
At a glance, one could tell that something big was going to happen in the company. While everyone was guessing, they were also expecting something good to happen in the company.
In the large conference room, there were people from all management levels including Bright Times Investment, Bright Times Artist Manager, Bright Times Cinema, Bright Times Film and Television, including Bright Times Entertainment Corporation.
Although not everyone has arrived yet, the place is already full of excitement.
They were communicating, and the focused topics were all focused on the big theme on the projection screen - the "Brilliant Times Media Group" planned group meeting.
Sui means to formulate, plan and presuppose.
This also shows that the purpose of calling everyone to attend the meeting is to announce and formulate the company's group charter.
Brilliant Times Groupization, what does this mean?
Bright Times Entertainment has been changed to Bright Times Media. What does this mean?
When they first entered the conference room and saw this theme, they were all surprised and started communicating with different ideas. However, groupization also represents the expansion of the company's scale and the integration of resources, which is a good thing. Therefore, they each have positive opinions.
Wait and see attitude.
"Mr. Wang, Mr. Chu, Mr. Han..."
Wang Jinhua, Chu Xuan, Liu Yifei, Liu Xiaoli, Han Sanping, Zhang Jizhong, Chen Kaige, Tang Jili and other shareholders, as well as Xiao Shu and Xiao Yi who rushed back from Los Angeles, walked into the conference room with a group of company executives and watched.
When I woke up, they had just chatted in the office for a while.
Everyone gathered together and greeted each other warmly.
Seeing that the bosses were coming and the meeting was about to begin, the people present at No. 56 took their seats and gradually became quiet.
What surprised everyone was that there seemed to be more seats for a group of shareholders and bosses. Liu Yifei actually sat next to Chu Xuan. This was the first time that this happened.
Liu Yifei is Chu Xuan's girlfriend, so it's okay to show up at such a meeting, but this seat is a bit intriguing, but there is nothing unusual about the shareholders and bosses, which is worth pondering.
Liu Yifei had attended a shareholders' meeting with Chu Xuan before, but it was a shareholders' meeting and she knew all the big shots.
It was her first time to participate in such a large-scale meeting of the company's entire management team. Facing the curious eyes of so many people, she was still a little nervous.
Chu Xuan squeezed her hand under the table to dissipate some of her nervousness.
The administrative girl poured a cup of tea for each of the people who had just entered. After closing the door and retreating, Wang Jinhua began to speak.
"Thank you all for making a trip. We will try our best to arrange things in the past few days without disturbing everyone's affairs..."
Wang Jinhua said some polite words as a prelude, and then went straight to the topic.
"At the beginning of the establishment of Bright Times, in order to ensure better development efficiency, several branches were established along with the head office, and each played a corresponding role in cooperating with the development of the head office."
"The head office provides resources and funds, helps it assume legal responsibilities, and helps each branch to develop rapidly. Now that each branch has reached a large scale and has its own operating model, if we develop according to the existing branch functions, this will have an impact on
The branches pose serious constraints, which in turn will limit the further development of the parent company."
"So President Chu and I jointly decided to put the company's groupization on the agenda together with the shareholders' meeting."
After hearing Wang Jinhua's words, some people present agreed very much.
“It’s time to become a group, otherwise office efficiency will not be improved.”
"Yes, there was no problem in the early stage of development, but now that the mobility has been stabilized, it has been affected."
For Bright Times, one of the core changes in groupization is to turn its branches into subsidiaries.
Branches do not have independent legal personality, and therefore do not have independent operation and development rights. All dispatches must obey the arrangements of the head office and act in accordance with decision-making documents with legal effects.
This is why Wang Jinhua has been so busy in the past few years. All decisions of her branches must be handled by her, because she is the legal person of all branches and assumes the corresponding legal responsibilities of all branches.
A subsidiary has independent legal personality, which means it can independently bear legal responsibilities and has the right to independent development.
The difference between the two is compared with the film and television companies. In recent years, the film and television companies have the final say on what dramas they film, how much they pay actors, and how much funding they need to plan from filming to post-production.
After making these decisions, managers of film and television companies must report to Bright Times, and where they spent money must check with the finance department before proceeding to the next step.
Such a company's hierarchical structure is fine in the early stages of development. If the head office devotes resources to protect and take care of it, the development of the branch will go smoothly.
But when the branch begins to take shape and has its own development system, this will greatly delay the company's execution.
If the company becomes a group and the film and television company becomes a subsidiary, then all decisions will be made by the film and television company itself, which will greatly enhance the decision-making and execution capabilities.
"As the company becomes a group, the management structure will change. This is one of the contents of our several-day meeting."
The eyes of everyone present lit up and their minds became active.
Branches do not have independent legal persons and do not have legal responsibilities, so the highest level of the company's management structure is the general manager.
Only when a subsidiary has an independent legal person can the company's management structure be basically sound. The chairman, shareholders' meeting and even the board of directors are recognized by the industrial and commercial law, and corresponding positions also bear corresponding legal liability risks.
If a company becomes a group, several chairmen will naturally be born, and a group of directors will be born as the decision-makers of the corresponding company.
The management staff present were somewhat excited and expectant. The group's personnel transfer may be closely related to their vital interests.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! "The Brilliant Era has changed from entertainment media to communication media, and a series of structural issues are also issues we have to discuss in the past few days."
Everyone nodded, feeling somewhat reassured.
Judging from the proposed group name, the change from Bright Times Entertainment to Bright Times Media indicates that the size of the company's group structure will undergo a qualitative change.
The media field includes news media, entertainment media and digital media.
Bright Times used to belong to the entertainment media category, and its business scope included but was not limited to movies, TV series, variety shows, artist management, etc.
Entertainment media is just a branch of the general media field, so it is said that media is above entertainment.
News media, as the name suggests, produces news or advertisements independently and delivers information to the public through online platforms, television stations, and print media.
Although Bright Times did not have business in the news media field in the past, through its strategic cooperation with Micro-Entertainment, it has demonstrated cross-industry advantages that other entertainment companies do not have.
Today, Bright Times is going to enter the media field. The new business scope in the news media field will not only enable further in-depth cooperation with Xinlang Micro Entertainment, but the expanded business scope will also allow Bright Times to have its own media platform.
Video websites are one of the media platforms.
Although this is a matter of the future in Chu Xuan's plan, the mediaization of the Brilliant Era is also an early preparation for this purpose.
If Bright Times was just an entertainment company, it would not have the right to operate a video website. This would be an illegal operation.
In addition, endorsement is one of the forms of advertising, and advertising management is a business category in the field of news media.
In today's bright era, when you receive endorsements, the endorsement company basically names a certain artist.
In the brilliant era after mediaization, you can directly reach agency cooperation with spokespersons.
The endorsement companies give a lot of endorsements to Bright Times, and Bright Times allocates these endorsements to artists according to needs, whether it is for its own artists, or for artists from other companies in exchange for resources, this is something that will happen later.
Let’s just say that such a business change can bring great benefits to Bright Times.
When an artist receives an endorsement, he usually has his agent contact the endorsement middleman. The middleman will deduct a certain percentage from the endorsement, the agent will deduct a certain percentage, and the brokerage company will deduct a certain percentage, and he will have to pay a very high tax.
, in fact, the income received from artist endorsements is really not much.
If the media of Bright Times can achieve endorsement and agency business, then the income of artists of Bright Times and future branch artists in this area will be greatly increased, and it will also be conducive to the integration of resources of Bright Times in this area.
Digital media in the media field includes many types of businesses, including online games.
In order for Bright Times to invest in Longyou and develop the film and television gamification business that is likely to develop in the future, it is imperative for the company to transform from an entertainment system to a media system.
"The group structure system and the effective allocation of resources after integration are the third focus of discussion at this meeting."
Based on what Wang Jinhua said, this conference on groupization mainly solves three key issues: the distribution of the structure from entertainment to media, the change and scheduling of the management structure of each subsidiary in the structure, and the allocation of resources.
During the break, the girl at the front desk came in to pour tea.
The people present took the opportunity to sneak out to find pens. After all, they underestimated the importance of this meeting. Facing such a major turning point meeting for the company, it is very necessary to highlight and write down the key points in the information documents.
After everyone is in their places, the meeting enters the important stage of resolving these three issues.
First, there is the architectural distribution from the entertainment body to the communication body.
"The business load of the film and television company is too full and needs to be split up."
"It can be divided into five aspects: film, television, variety shows, special effects, and screenwriting."
Except for shareholders and senior executives, the entire audience was in an uproar.
This is a bit cruel, directly dividing the film and television company into five.
After hearing what Wang Jinhua said, out of the film and television company, there will be four more subsidiaries, including Bright Times Century Culture, which specializes in TV series production, Bright Times Star Culture, which specializes in variety shows, Bright Times Digital Special Effects, which specializes in special effects, and Bright Times Digital Special Effects, which specializes in screenwriting.
Creative literature in the bright era.
The original Bright Times Film and Television was renamed as Bright Times Pictures, specializing in film production.
It is not difficult to see that Chu Xuan and Wang Jinhua have refined all five major business sectors of the film and television company.
In order to provide screenwriters with a better innovation and working environment in the film and television industry, a separate literary company was created for screenwriters.
In order to make the screenwriters more recognized on the road of industrialization, the establishment of a separate company is tantamount to improving their status.
In the future, whether it is Bright Times TV, Bright Times Pictures or Bright Times Variety Show, if you want a screenwriter to join the crew, you must reach a cooperation with a literary company.
The key point here is that in the internal environment of Brilliant Era, the screenwriter and the crew will have a cooperative relationship from now on, and there is an enterprise-level contract to guarantee the interests of the screenwriter. In the Brilliant Era crew, screenwriters are no longer a hard-working and low-income professional group in the industry.
.
Although this is only an internal reform of Bright Times, I believe that this situation will affect the entire industry as time develops.
Bright Times Pictures, Bright Times TV and Bright Times Variety Show were fine in the past when they did not engage in movies and did not have much variety show business. Most of their energy was focused on the production of TV series.
But now that movies and variety shows are all developing in an all-round way, it would be difficult to coordinate human resources if these three major sectors are concentrated in a film and television company, which is unreasonable.
Now that these three major sectors are divided into separate companies, the business direction and functional areas will be completely clear.
Separate the special effects department to establish the Brilliant Era Digital Special Effects. This is the special effects farm goal that Chu Xuan has always wanted to do.
The technology of the special effects department is one of the best in the country, but the scale is still small. As for the movie "At the Gate", the special effects department of the China Film Group Studio needed help in the later stage. The company's special effects department of 300 machines was
Somewhat awkward.
But when it comes to setting up a special effects farm, adding thousands of high-end machines and professional special effects equipment, including the daily power consumption, is something that is always burning money. Even if you have the financial resources of Micro Entertainment Equity, you would not dare to go so big.
But now with Longyou, the continuous huge cash flow has given Chu Xuan the confidence to develop all-round special effects technology.
"This is all broken down."
"Mr. Zhang, don't you have any objections? If Bright Times Film and Television has such a score, its overall strength will plummet and its profits will plummet."
Zhang Jizhong is the general manager of Bright Times Film and Television, so some people are discussing him.
"What's the problem? He is a shareholder of the head office, and his interests will not be affected no matter how he is divided."
"Oh, that's true. It's just that the management of the film and television company has less power. They are the ones who are unhappy."
"But we are happy. If we divide it into multiple subsidiaries, how many positions will there be for senior executives?"
"hiss--"
Most people present were wary. With the addition of several companies, it would be impossible for the senior management to recruit all outsiders. It would be more likely for them, the middle-level managers, to rise to the top.
"Brilliant Times Cinema changed its name to Bright Times Cinema Line, expanded its business scope, and the head office's film distribution business was divided into Bright Times Cinema Line."
Following Chu Xuan and Wang Jinhua’s original self-cyclical development of no loss or profit, after two years of development, through the strategy of using all profits for expansion, Bright Times Cinema now has more than 130 theaters across the country, occupying the most effective screens in the country.
The total number of screens counted is nearly 10%.
If you include traditional screens, the ratio will be inaccurate, but now that digital movies are prevalent, traditional theaters are innovating one after another. Under such a general trend, Bright Times Cinema has played a decisive role in theaters across the country.
Although Bright Times Cinema has not yet obtained a theater chain license, it does not prevent the company from expanding its business scope and changing its name to a theater chain, which will have the power to distribute movies.
After hearing this arrangement, everyone present also understood that this was to prepare for the brilliant era to show its strength in the film industry. One's own films would be distributed by oneself and shown in one's own theaters, thus achieving a small closed loop of effective integration of resources.
Target.
"The artist brokerage business remains unchanged, the asset management business in Los Angeles remains unchanged, the investment company is reorganized, and unilateral control of Bright Times Media is achieved."
Artist management companies have clear business lines and do not need to be split or changed.
Bright Times (Los Angeles) Asset Management Company has only been established recently, so there is no need to change anything.
After the company is grouped, there is no need for a special investment company. Its subsidiaries have the right to operate independently. For example, Bright Times Pictures can hold its own investment conferences and invest in its own movies, just like other companies.
After the assets of the investment company are liquidated and transferred, it will become a private company 100% controlled by Chu Xuan, Liu Yifei and Wang Jinhua. This private company will then absolutely control Bright Times Media, and Bright Times Media will then control its subsidiaries.
Although everyone present did not know the meaning behind the investment company's reorganization, they thought it had something to do with the equity structure. It had nothing to do with them, so they didn't think much about it.
However, the next structural arrangement shocked everyone present.
"Originally, Mr. Zhang's 20% stake in Bright Times Film and Television was eliminated after the conglomeration, and the 80% share held by the head office was reduced to 67%, in parallel with several subsidiaries after the split."
"Originally, the 20% stake held by China Film Group in Bright Times Cinema was retained, and the 80% stake held by the head office was reduced to 51%."
"After the groupization, in addition to the company in Los Angeles, the 29% shares vacated by Bright Times Cinemas and the 33% shares vacated by other subsidiaries..."
"Mr. Chu and I will decide with the shareholders' meeting to distribute it to you."
The whole audience was stunned, as if they heard wrongly.
"The company has been established for almost four years. It has developed to this point. You all have contributed a lot. When the film and television company was established, I sent an invitation letter to the industry and invited many teachers here to join. I promised to over-share the company. Now the company is about to become a group.
, will usher in a higher stage of development, and it is time to fulfill its promise."
After hearing Wang Jinhua's words and seeing that everyone present had not yet come to their senses, Li He took the lead and applauded: "There should be applause at this time."
Everyone came back to their senses, everyone raised their smiles, and when they raised their hands, they burst into applause.
"Mr. Wang is mighty!" someone shouted.
Wang Jinhua raised the corner of her mouth, glanced at Chu Xuan and said, "This is what Mr. Chu reminded me. I have to thank Mr. Chu."
"Mr. Chu is domineering!" More people booed.
Liu Yifei looked at Chu Xuan with a smile, and Chu Xuan couldn't help laughing and said: "It was Mr. Han's suggestion."
"Mr. Han is awesome!" These people are very cooperative.
Han Sanping didn't know whether to laugh or cry. He was just about to pick up the topic, but someone unexpectedly predicted his move.
“Producer Zhang is so handsome!”
"Tang Dao Yushu Linfeng!"
"Director Chen is so charming!"
Zhang Jizhong, Tang Jili, and Chen Kaige were praised all over the place, and it was the turn of the three channel shareholders, Meng Hongwei, Zheng Xiangdong, and Shi Ming.
The equity of Bright Era, even the equity of subsidiaries is very valuable.
Wang Jinhua's decision was tantamount to wealth falling from the sky for everyone present. Everyone was excited and a little embarrassed, and it also made the atmosphere in the conference room extremely jubilant.
"what's the situation?"
"Are you so excited?"
"What good happened?"
Outside the conference room, even if the soundproofing was good, such hilarious commotion could not be blocked out. The staff in the office area looked sideways, curious, and couldn't help but whisper and speculate about what good things happened inside.
In the conference room, Wang Jinhua continued to talk.
"According to the transfer destination, who goes to work in which company, or works in the original company, they will get the corresponding company equity, and how to distribute it specifically. After the group planning is completed, before going to the industrial and commercial application for changes and filling in the shareholder list, according to the position, length of service and
The performance in the past few years will be used as the basis for allocation."
"We will issue a document to inform everyone of the specific situation. If there are any objections, we will discuss it. We will try our best to ensure fairness and justice, convince everyone, and achieve a win-win situation."
Everyone was excited, and Wang Jinhua's words were so beautiful, so they once again received a wave of applause.
Any group that is not a group can have real equity interests.
With equity, you will have a stable and considerable income.
With a good income, that person will have no worries in life.
If you don’t have any worries in life, you can talk about your dreams.
The company's goal is my goal, and the company's vision is my vision!
"The company will set up a trust company, and all subsidiaries must sign a financial reconciliation agreement with the trust company for better financial management and tax accounting."
Trust company? Financial management? Tax accounting?... Some people thought for a moment, in this way, the financial transactions of the subsidiary companies will not be kept secret from the trust company, so isn't this financial supervision?
The subsidiaries are freed from the strict control of the parent company in terms of management and development, so after groupization, the parent company monitors the finance of the subsidiaries through the trust company to achieve a regulatory purpose.
People present shouted: What a good idea!
"At the same time, the dividends generated by the total shares of Bright Times, Weiyu shares and the soon-to-be-merged Longyou shares are all held by the trust company on behalf of the company."
"The trust company will release a pool of dividend stocks, and in the future, a portion of the dividends will be used as incentive funds for each subsidiary every year. The subsidiaries will be free to decide on the arrangement of the incentive funds. This can also be regarded as a benefit for the company's groupization."
Youdao means good things come in pairs. I just got equity, and now I have additional benefits.
Although I don’t know how this so-called incentive bonus will be distributed and how much it will be, the company has included the bonuses from Weiyu and Longyou, so it is obviously indispensable.
The smiles on the faces of everyone present never stopped.
"The above is the structure and distribution of the Bright Times Group. If you have any questions or suggestions and opinions, you can raise them now and let's discuss them together."
After hearing this, everyone looked at the information documents and their own notes, and recalled what was said at the meeting in their minds.
The first-level organization, Bright Times Investment Company, has achieved absolute control over Bright Times Media.
The second-level organization is the Brilliant Times Media Group, and the Brilliant Times Trust Company implements financial supervision and dividend distribution.
Three-level organizations: Bright Times Cinemas, which controls theaters and film distribution, Bright Times (Los Angeles) Asset Management, which controls overseas film and television copyrights, Bright Times Pictures, which is mainly engaged in film production, and Bright Times Century Culture, which is mainly engaged in television production;
Bright Times Star Culture is mainly engaged in variety show production, Bright Times artist management is mainly engaged in artist career, Bright Times digital special effects is a technology company, and Bright Times Creative Literature is researching and exploring the screenwriting industry.
Decision-making is concentrated on one, management is concentrated on two, and business is concentrated on eight.
Compared with today's bright era, where decision-making, management, and business are all in the head office, this group's organizational structure is much more reasonable.
Everyone figured it out and formed a clear understanding in their minds. If they had questions, they raised their hands to speak. If they had no questions, they sat down to listen and think.
In this way, the meeting entered the discussion stage of collective efforts.
