Chapter 1092 Hong Kong Film and Television Association
Japan responded very quickly, with the Japanese consortium behind it, and its Ministry of Culture was very efficient.
Just two days later, February 9th was Monday. The Ministry of Culture of Japan issued a notice that starting from March, no more than 20 foreign films and no more than 10 Hong Kong films would be released in Japan this year.
Japan's current domestic film companies are not very strong. The most popular films in Japanese theaters are all foreign, especially Hong Kong and American films. Perhaps it is because they both belong to oriental culture, especially Hong Kong films.
This time, Japanese film companies are very happy. They believe that the introduction of this policy will help their rise.
Countless film companies in Hong Kong have suffered heavy losses, especially large companies such as New City, ATV, Golden Harvest, Dickson, and Yongsheng. You must know that Japan is currently the second largest market in the world, and it is also the second largest ticket warehouse in the world.
The restrictions on Hong Kong movies have hit Hong Kong very hard.
The most intuitive reaction is that the shares of Jiayi Group, Asia Television, Jiahe Pictures, and New City's major listed companies immediately fell as soon as the news came out. Jiayi Group was better, and several other companies plummeted.
It starts to fluctuate up and down after it exceeds 5%.
This is the weakness of Xiangjiang compared with Hollywood in the United States. Xiangjiang is too small. Film companies such as Xiangjiang need a huge external market to support their development. Once the external market is blocked, the development of Xiangjiang Film Company will be difficult.
In Li Guangyu's office, assistant Shen Yuehua reported to him: "Li Sheng, Jiayi Group just issued a report. Qiu Degen, Shaw Run Run, Lei Juekun, Xiang Huasheng, Zou Wenhuai, Pan Disheng and others all hope that you will come this afternoon."
Able to attend the meeting of the Hong Kong Film and Television Association."
Li Guangyu does not have many positions now. Whether it is the Film and Television Association or the Artists Association, Li Guangyu always asks Jiayi Group to arrange people to serve as vice presidents.
The current president of the Film and Television Association is Zou Wenhuai, honorary president Run Run Shaw, vice presidents Ye Jiexin, Lei Juekun, and Huang Xizhao (general manager of ATV).
This time, even Qiu Degen, who has always disliked intervening in the management of ATV, came out, which is enough to show the importance of the Japanese market to Xiangjiang Film and Television Company.
Now the Hong Kong film and television industry is ambitious and has always set its goal to surpass Hollywood in the United States. The Hong Kong Film and Television Academy is under construction, but the restrictions imposed by the Japanese government have poured cold water on their fiery hearts and let them know their own background.
How far is it from Hollywood?
Xiangjiang's own market only has more than five million Xiangjiang citizens, and other markets depend on the government's attitude. Once all countries and regions close their doors to the Xiangjiang film market, there will be no room for Xiangjiang Film Company to survive.
Li Guangyu said: "You go and notify Jiayi Group and ask them to reply. I will attend the meeting on time this afternoon and inform Jiayi Group that this is a good opportunity for our Jiayi Japanese Film Company to develop vigorously.
They seize the opportunity, and I hope Jiayi Japanese Film Company can seize this piece of cake."
Li Guangyu once established branches in Japan, Taiwan, and the United States because he was worried that these regions would impose restrictions on Hong Kong movies. Now it is time for these companies to take action.
Only films invested and produced by Jiayi Japanese Film Company can avoid Japan's 10-film per year restriction on Xiangjiang. The scripts can be purchased from Jiayi Xiangjiang Film Company, and the actors can also use some Xiangjiang actors, as long as there are Japanese actors in them.
, such restrictions will not have a big impact on Jiayi Group.
…
At three o'clock in the afternoon, when Li Guangyu walked into the conference room, most of the members of the Hong Kong Film and Television Association were here. In addition to him as a special guest, there were also Qiu Degen and Lin Baixin.
This meeting was personally chaired by President Zou Wenhuai. He said: "I believe everyone knows why we suddenly held this meeting and the impact of the restrictions imposed on us by the Japanese Ministry of Culture. I believe everyone also expected that this meeting, currently the second largest in the world, will
The largest overseas market for our Xiangjiang Film has set a restrictive threshold for us. Today’s meeting is mainly to discuss how our Xiangjiang Film will go in the future and what is the direction of our development?”
Zou Wenhuai has the best intentions for this. Several major film companies, as long as his own industry is in movies, let alone Jiayi and ATV, Lei Juekun is also followed by Xinlong Construction (Kowloon Construction), Pan
Dickson's main business is also in watches and clocks. As for Xiangjia, there is no need to say more.
Vice President Lei Juekun said: "This time is a huge challenge for our Hong Kong film industry. If I can overcome this hurdle, our Hong Kong film industry will be more prosperous and glorious. If we cannot overcome it, what will be the result?"
I believe everyone knows it.
At this time, I hope that everyone can unite and overcome the difficulties. Only when the Hong Kong film industry develops well can we gain more benefits."
Faced with Japan's local protectionist approach, no one present can come up with any good way to deal with it. Now it is only Japan that is specifically targeting them. If they cannot have an effective way to deal with it, if Baodao, South Korea,
If all parts of Southeast Asia take such actions, then they will really be doomed.
Xiang Huasheng said: "Li Sheng, you here are very familiar with Japan. I wonder if you have any way to enable our film to enter the Japanese market?"
What can Li Guangyu do? This time is originally aimed at him. These companies are just a collateral blow. The major Japanese consortiums obviously want to suppress his development. This is only their first step. What will follow?
He knows how much trouble is waiting for him.
Most of today's meeting put their hopes on Li Guangyu. They hope that this legendary figure in Hong Kong can point out the direction of development for them and avoid suffering too much losses due to Japanese restrictions.
Seeing everyone looking at him, Li Guangyu said aloud: "Now that the Japanese Ministry of Culture has made such a decision, we cannot make changes in the short term. Now if we want to continue to develop well, this requires us to
The quality of the movie is better.
We hope that every work released overseas will sell well, earn high profits based on quality, and get out of our previous development model of profit-based quantity.
In the future, movies will develop towards large investments and high special effects. Hollywood has always been ahead of us in this regard. If we want to compete with Hollywood, we must follow this model."
Of course, some of the members below know about some of the movies that Hollywood has invested heavily in. Many of the investments are hundreds of millions of Hong Kong dollars, and some even exceed 500 million Hong Kong dollars. This is simply out of reach for small film companies like them.
Those here who can afford large investments are Jiayi, Xin Yicheng, ATV and Jiahe, while the others simply do not have such abundant capital to burn.
And the most important thing is that their market in Xiangjiang is not as big as that of Hollywood. The market of more than 200 million people in the United States alone can leave film and television companies like Xiangjiang far behind.
Due to different economic conditions, ticket prices vary from place to place. The main market for Xiangjiang movies is in Asia, and Japan is limited. The income in other areas is very different from that in the United States. Whether these areas can support them is a problem.