Maybe Li Jianhui was too independent in Hong Kong, or maybe Jiayi Group really made TVB feel threatened, especially after the news of JiaTV's spectrum expansion came out, which led to several other major film and television companies to join forces, especially the combination of Shaw Brothers and Golden Harvest.
It shocked the entire entertainment industry in Hong Kong.
The two families had been enemies for nearly ten years. In order to resist the Golden Princess Alliance, they formed a powerful alliance. Shaw Brothers merged with Golden Harvest Cinema to form Changlong Cinema.
In addition to the two major shareholders of Shaw Brothers Pictures and Golden Harvest Pictures, there are also Hang Lung and Cheung Kong, with Hang Lung being the largest shareholder and Cheung Kong being the second largest shareholder.
At the same time, ATV and TVB reached a strategic cooperation agreement, and artists from both parties can take over each other's dramas. At the same time, TVB, ATV, and Golden Harvest jointly applied to the Hong Kong government to establish the Hong Kong Drama Academy.
Its intention is very obvious, that is, it is to compete with Jiayi's Xiangjiang Film and Television Media University. The opponents obviously do not want all the talents to be absorbed by Jiayi Group and its allies.
I don’t know if Brian and Xos are willing to see such competition, but they were approved very quickly this time.
It also expressed the government's intention to build Xiangjiang into an Asian film and television entertainment center. The government will jointly establish Xiangjiang's own film festival with Xiangjiang Film and Television Company, and jointly establish Xiangjiang's music festival with Xiangjiang Music Company.
In the private room on the second floor of Xinhui Hotel, as the actual manager of Golden Princess Cinemas, he has felt tremendous pressure since the merger of Shaw Brothers Wireless.
The two theaters did not merge before. After the three companies injected capital, Golden Princess Cinema Line continued to expand and now has 28 theaters, far exceeding Shaw Brothers' 21 theaters and Golden Harvest's 17 theaters.
As a result, now that the two have merged, the number of Chimelong Cinemas has directly reached 38, accounting for half of the total number of theaters in Xiangjiang. Except for Chimelong and Princess Jin, there are only 10 scattered theaters.
What worries Lei Juekun the most is that in addition to Jiayi, Xinyi City, and Yongsheng, all other small and medium-sized film companies in Xiangjiang are partners of Chimelong.
Before, it was considered a three-legged alliance. With the support of the three major film companies, Princess Jin was still able to gain a slight advantage.
Now that the two major theater chains of Shaw Brothers and Golden Harvest have merged, Princess Golden will be directly crushed. When the two major film companies of Shaw Brothers and Golden Harvest, plus the numerous small and medium-sized investment companies in Hong Kong, it will be very difficult for Princess Golden to take advantage in the future.
It’s not that Golden Princess Cinemas is unwilling to cooperate with small and medium-sized film companies in Hong Kong. The main reason is that there were relatively few theaters in the past, and the three major film companies shoot more movies, so it is difficult to give those companies too many screens and release time.
Golden Harvest and Shaw Brothers are different. It is not enough for these two companies to support the theater chain by just relying on the films produced by their own companies. They can give good time slots and a large number of screens to small and medium-sized film companies, so that these small and medium-sized film companies like
Cooperate with these two companies.
Li Jianhui said with a smile: "Uncle Lei, don't worry too much. It's just a merger of two major theater chains. What's the big deal? We can just speed up the expansion of the theater chain."
As for the problem of small and medium-sized film and television companies, as long as our three film companies can continue to release films that can sell well, there will be no problem.
And in the future, not only the three of us will fight side by side, Xinhui Holdings Company will establish Xinhui Pictures, and Haojiang Tourism Entertainment Company will also enter the Xiangjiang film market. These two companies have capital and strength, and Golden Princess Cinema will not be afraid at all.
Compete with Chimelong.”
Xiang Huaqiang also spoke up: "Suffering from the impact of this wave, I heard that Heshengheye intends to enter the film and television industry, and he will also be an assistant to us. I still don't believe it. Chimelong can take us
Press it down."
After hearing these two pieces of good news, Lei Juekun became less worried. If there were three more film companies, and all three were owners who were not short of money, the Golden Princess Cinema Line would expand to forty theaters in Hong Kong.
, and don’t worry about not being able to keep up with the release of the film.
Afterwards, the three of them also discussed the refinancing of Princess Jin’s theater chain. Li Jianhui had already helped Princess Jin get tickets to establish theater chains in many countries in Southeast Asia. Naturally, they could not waste it.
This time Lei Juekun is also preparing to do something big. This time the entire theater directly raised HK$500 million, Li Jianhui raised HK$200 million, he raised HK$150 million, and Yongsheng raised HK$150 million.
After this round of financing, Jiayi Group's shareholding increased to 33%, Jiulong Holdings held 35%, Yongsheng held 26%, and several other small shareholders held 6% of the shares.
This capital will focus on the markets of Singapore, Malaysia, Thailand, India and the Philippines, and in order to further raise funds, it will help Golden Princess Cinema to be listed on the Far East Exchange this year.
Li Jianhui is now rich and does not care about the investment of 200 million Hong Kong dollars. Xiang Jia is eager to invest more. This is a legitimate business.
Although Lei Juekun's cash flow is not very sufficient, the market value of Kowloon Jianye has also been rising due to the benefits of the real estate industry in Xiangjiang. The current total market value is close to one billion Hong Kong dollars, and there is no problem in finding bank loans.
Once this period of time has passed, when Golden Princess Cinemas completes this round of expansion and is listed on the Far East Exchange, its value will surely rise again.
When talking about the Xiangjiang Drama Academy jointly established by TVB and ATV, Li Jianhui said: "It doesn't just have to have a name. When the time comes, both sides will still have to speak with their strength. I still don't believe that we should lose to them if we join forces."
As for the elites of the University of Film and Television and Communication, each of us will be able to join whichever company they are willing to join based on their abilities. Jiayi will not impose any restrictions on them.
If your elites have time in the future, they hope to go to school to teach these students and teach them more practical experiences."
The two families are actually not worried about the artists. Anyway, they can hire them from the Jiayi Artist Department. What they care about are screenwriters, directors, etc. These are the most important talents of a film company.
Although they know that the top elites are likely to be recruited into the company by Jiayi in advance, with this university here, they can still harvest some elite talents, and maybe even find treasures.
Nowadays, the film and television entertainment industry in Xiangjiang is clearly divided. One is the Jiayi Group and its allies, and the other is the joint camp such as TVB, ATV, Golden Harvest, etc.
The two sides compete in TV stations, film and television, theaters, music and other aspects. If there are no special changes, I am afraid that the three industries of film, television and music in Hong Kong will be in a state of polar opposition for a long time.
At present, in general, the Jiayi Alliance is at a disadvantage. The three major industries of film, television and music are currently being crushed by their opponents, especially in the music industry. The opponents include many superstars such as Xu Guanjie, Alan Tam, Leslie Cheung, Tsang Ni, Lin Fengjiao, etc.
It's a new star.
Although Jiayi has two big bosses, Li Zongsheng and Luo Dayou, they are more famous in the Mandarin circle, and they really can't compare to those few in Xiangjiang.
As for the new stars of Jiayi, although they have some strength and fame, it is still far from enough to challenge them.