It has been six years since the first mainland film and television company went public. Huayi was the first to eat the crab. From the top to the second king, down to its artists, everyone is full of food.
Tang An was also one of the beneficiaries of this feast. The investment of 12 million yuan was exchanged for nearly 300 million yuan. He accumulated enough original capital to eat Baoli Culture in one bite. With Baoli Culture and its Oriental Dragon
Film Industry has established a firm foothold on the express train of the domestic film industry.
Otherwise, it would not be that fast to make that little money just by making movies.
Immediately afterwards, Bernard, Guangxian, Xingmei, and China Test were listed one after another. Except for Bernard, who was not accustomed to the US stock market, they were all considered to be great successes.
As the leader in the domestic film and television industry, China Film Corporation sought to be listed on the Hong Kong Stock Exchange as early as 2004. However, due to policy reasons at the time, which restricted foreign investment in the media industry, it failed.
Afterwards, the policy was loosened, and China Film Corporation restarted its listing plan in 2007, but was once again shelved due to the impact of the financial crisis.
In 2010, China Film Group Corporation, China Central Television Media, Changying Group, Jiangning Radio and Television, Gehua Cable, Xiangnan Television and Broadcasting Media, China Unicom and eight other giants jointly established China Film Co., Ltd., once again impacting the capital market.
But in the end, it was nothing, and Han Sanping was never able to lead China Film to hit the capital market during his tenure.
This year, eleven years have passed since China Film first sought to be listed, and China Film Co., Ltd. is finally going to be listed.
Early in the morning, most of the top executives in the entertainment industry gathered at the Shanghai Stock Exchange, turning it into a red carpet show.
Wang Zhongjun, Yu Dong, Wang Changtian, Jiang Defu and others arrived early.
"Dr. Kang, congratulations."
"Congratulations to Director Kang and wish China Film a smooth listing."
"There is no need to run away from the daily limit, it just depends on how long it takes."
"In my opinion, five minutes at most!"
"Film and television stocks are hot right now, and it is estimated that they will hit the daily limit in three minutes. After several consecutive daily limits, there is hope that it will become the first film and television stock."
Everyone was smiling and saying blessings. Whether it was Jiang Defu, who left China Film Group because of Kang Pei, or Wang Zhongjun, who had just been replaced by Wanda Films as the number one film and television company, there was no sense of crisis at all at this time.
If it had been listed two years earlier, China Film would definitely have the ability to compete for the top spot in film and television, but this time is not good for China Film.
China Film’s annual revenue exceeds that of any film and television company, but its second- and third-level subsidiaries have as many as 160 branches, which is too bloated. Moreover, China Film itself is a merger of a group of companies, and the entire industry chain is pieced together.
.
The annual revenue far exceeds that of any other company, and its profit is second only to Hantang Media. However, its gross profit margin is far lower than that of Huayi, Wanda, Guangxian, and CTI.
The signing of the "Memorandum of Understanding between China and the United States on Films" in 2012 increased the share of imported films to 25%. That year, China Film Corporation's profits fell a lot.
Moreover, in the middle of last year, a new agreement was signed. China Film Co., Ltd. still retains the distribution business of imported films, but China Film Co., Ltd. no longer entrusts China Film Co., Ltd. to engage in the specific business of imported films. The imported films will receive 1.5% of the total box office and buyout film management fees.
, was taken back by China Film.
This means that part of the profits from imported films and approved films were directly taken away by China Film. 1.5% of the box office revenue is not a small amount. This year, the total box office of imported films reached 160. 1.5% is 240 million.
There are two aspects to the profit of imported films. The first is excluding the 25% of the film studio and the share of theaters and theaters, and the remaining distribution share. The other is this 1.5%.
240 million in profits were taken away, and China Film Corporation’s profits this year fell by at least 20%.
As for the management fee for bought-out films, it is equivalent to a quota fee. Each bought-out film requires China Film to issue a quota. Regardless of whether it is bought out by China Film, a sum of money will be charged.
Although ordinary people don't know much about this, senior investors, especially those who have been paying attention to China Film Holdings, will know it.
How could Kang Pei not know that he didn’t want China Film to take back the 1.5% share of the box office and the management fee for batching films?
But there is no way, there is no way to save it.
After saying some compliments, the topic turned to Tang An again.
Fan Luyuan was the first to speak, "Everyone, the failure of the National Day and Lunar New Year movies was mainly due to poor preparation and lack of movies of sufficient weight. The next Spring Festival movie is the best opportunity. The Han and Tang Dynasties gave "Mermaid" 2.6 billion
The sky-high price guarantees that Hantang Pictures will be listed after the Spring Festival. As long as it does not meet expectations, or even the gap is too large, it will definitely cause heavy damage to Hantang Pictures' listing."
Attributing failure to lack of preparation obscures the shadow of failure.
It was indeed a lack of preparation. After all, when they were planning to collaborate, this year's movie had already been decided.
Wang Zhongjun nodded and said, "Director Fan is right. It will definitely not be easy for "Mermaid" to get a box office of 2.6 billion in the fiercely competitive Spring Festival period!"
The listing of China Film Co., Ltd. will not threaten Huayi and Wanda, but once Hantang Pictures is listed, it will be difficult to say.
In addition to "Mermaid", three heavyweight movies will be released during the Spring Festival, "Three Dozens of Bones", "Omen 3", and "Crouching Tiger, Hidden Dragon: Sword of Qingming", and "Kung Fu Panda 3" will also be released in
It came out the week before.
Although there are five blockbuster movies released at the same time, "Three Strikes of Bone Demons" was not released by China Film Co., Ltd.
The last film "Havoc in Heaven" brought together two major superstars and Donnie Yen, and it also lost to San Wu's "The Return of the Great Sage", which made Xing Hao disappointed with China Film Co., Ltd. This time, he decided to
Published separately by Ashi Yingna.
"Crouching Tiger, Hidden Dragon: Sword of the Dark" is distributed by China Film Group Corporation and has nothing to do with China Film Group Corporation.
Although they have to deal with the Han and Tang Dynasties, they will not let their films fight each other and suffer losses. The resources of the eight major companies only need to concentrate on "Omen" and "Kung Fu Panda 3". Of course, they will also get a certain amount of profits.
Benefit.
However, "Mermaid" also has Ah Li and Guangxian's investment. Although they sold the guaranteed profit and won't lose money, the two of them will not blackmail the movie they invested in.
They even believe that with the lack of film schedule and such huge competition, there is no need to do anything else, and the box office is destined to fail to reach 2.6 billion.
Once the guarantee is not reached, when the listing is approaching, it is time to frantically grab a point and speculate.
A few of them were talking here happily, but not long after, there was a noise outside, and it was Tang An who came.
Not only Tang An, but also major directors from Han and Tang Dynasties and first-line stars were all present.
At the entrance, a group of more than ten people was surrounded by reporters, as if they were the protagonists.
There were many other celebrities and famous directors who came to the scene, including Zhang Yimou and Feng Xiaogang, but none of them came as neatly as Han and Tang.
"Tang An has brought here all the reputable people from the Han and Tang Dynasties."
Some guests present sighed secretly.
"Are you here to demonstrate?"
Looking at the directors with guaranteed box office and the popular A-list stars, who were led by Tang An and walked in after a short interview, Fan Luyuan and the others didn't know whether they should step forward to greet them.
However, Kang Pei is the host and Tang An is the guest, an honored guest.
Even if it is superficial work, you should greet it and smile immediately.
As soon as Kang Pei moved, others followed closely behind.
There is an equally classic line in a certain classic TV series: If you can't kill me with one shot, let me live and we can still do business.
Kang Pei and the other CEOs of the seven major companies walked toward Tang An, followed by others, and opposite Tang An also led people this way.
"Welcome to join us, Mr. Tang!"
Kang Pei smiled and stretched out his hand to Tang An, and Tang An also smiled and reached out to shake it.
"Congratulations to Director Kang, I have everyone ready today, just waiting to buy some stocks. It's a small profit."
"Haha, thank you very much, Mr. Tang!"
Everyone smiled and said hello. From the perspective of many guests from the industry and outside the scene, the scene was harmonious.
However, there are a group of people standing behind each of them. If the background and costumes were changed, they would really look like Heise can negotiate.
Tang An rarely made a high profile this time. He brought people here when China Film Group was listed, not to ruin the show, but to show off his muscles.
This lineup of actors and directors, compared with their performance in recent years, can beat all the artists and directors under the eight major companies!