Chapter 374: 2004 and 2005 (3rd Update)
After the box office of "The Man Without a Name" came out the next week, the time had come to December 20, 2004!
It has been nearly half a year since Chen Hao came to North America, and now that "The Hangover" and "The Man Without a Name" are released in North America, they are no longer on the right track for Chen Hao, so Chen Hao is ready to return to China.
However, before leaving, Chen Hao came to Tianzhi Pictures to hold an annual meeting to listen to the company's work summary this year and next year's plan.
Although Chen Hao thinks it's a bit early, after all, Huaxia will not celebrate the New Year until February next year, but in Western countries, the most important Christmas of the year is coming soon, and New Year's Day a few days later is the New Year!
Now there are only 10 days before New Year's Day, and Chen Hao is going back to Huaxia, so it can only be held at this time, which is also convenient for the work of Tianqi Pictures next year.
There were only a few senior executives of the company in the entire conference room, in addition to Chen Hao and Smart, there was also a distribution director, James, as well as Wen Ziren and Ray Warner.
"Let's get started!" Chen Hao said after sitting down.
Smart said, "OK, I'll briefly summarize that the company has invested in a total of 4 movies this year, namely "Saw 3", "Suspect Zero", "Outdoor Barbecue" and "The Hangover"!
"Suspect Zero" invested $5 million and grossed $8.72 million at the North American box office, temporarily ranking 118th in the North American box office list in 2004!
The box office is basically not a loss or a profit, and the current video rental has not yet been released, and Sony Columbia's reply is to wait until the official launch in early 2005, so there is no net income for the time being!
"Outdoor Barbecue" has an investment cost of 3 million US dollars and a North American box office of 11.55 million, temporarily ranking 107th in the North American box office list in 2004!
The box office share was $6.35 million, and after deducting costs and taxes, the net profit was $2.8 million!
Rental of DVDs has not yet begun, and it was also released in early 2005.
"Saw 3" has an investment cost of 10 million US dollars, a North American box office of 80.23 million US dollars, and a global box office of 164 million, temporarily ranking 34th in the North American box office list in 2004!
The North American box office share was $48 million, and net profit after costs and taxes was $32 million.
Overseas box office revenue was $84 million, and net profit after taxes was $25 million.
Disc rentals have not yet been released.
"The Hangover" cost $45 million, and the North American box office was temporarily $183 million, temporarily ranking 8th in the North American box office list in 2004!
Because the film is still being released, there has been no box office share yet. ”
Chen Hao nodded when he heard this, the biggest income of Tianqi Pictures this year is undoubtedly the two movies "Saw 3" and "The Hangover".
Now, "The Hangover" has not received a box office share for the time being, which means that only the box office share of "Saw 3" has arrived.
Smart used to calculate the net profit excluding costs and taxes, but in fact, the cost of Tianqi Pictures has already been spent, so the box office share does not need to remove the cost, which is now the money on the company's account.
Chen Hao calculated, and the box office share of the three movies was about 71 million US dollars!
"Yes, go on!" Chen Hao said.
James coughed twice when he heard this, "In addition to the box office revenue from investing in the production of films this year, the company also has the copyright distribution income of several films in the film library.
The first is "Chainsaw", which earned a total of $18 million this year, including disc rentals, royalties for premium and regular channels, on-demand streaming in fixed locations, and licensed development of derivatives.
The main reason is that one company bought the rights to develop the Saw game, and all the revenue is a lot more than last year.
This is followed by "Saw 2", with a total of $14 million in revenue from all rights distribution fees.
Then there's "Hurricane Rescue," which brought in a total of $12 million in revenue from all peripheral releases.
and $17 million from District 9.
In addition, the company participated in the distribution of four films that it invested in and produced, and also released several small-budget independent films, which earned about $6.5 million.
Of course, the distribution revenue of the company's four films accounts for the vast majority, and the revenue of several small-budget independent films released accounts for less than 10%.
As for the income from other distribution channels of the four films this year, the general manager has already said that they are all scheduled for next year, so there is no income.
The company's 2004 issuance revenue totaled $67.5 million, with net income of $57 million after taxes. ”
Chen Hao nodded when he heard this, thanks to Hollywood's strong multi-channel distribution capabilities, it has brought a lot of revenue to the company.
However, the company's distribution revenue of $67.5 million is just a gold on his face, which is just handing over the distribution rights to Sony Columbia, and the company is just waiting for the penny.
Therefore, the distribution ability of Tianqi Pictures is still very weak, and it is difficult to estimate it quickly and strongly, and it is impossible to avoid it in a short period of time with the help of the distribution channels of Hollywood giants.
However, in 2004, Tianqi Pictures earned a total of $283 million at the box office, and all net profits combined officially exceeded $100 million.
This is still in the case that "The Hangover" has no box office share, which is enough to satisfy Chen Hao.
"Good, very good. Chen Hao said with a smile, the most important thing is to make money.
Smart smiled a little reluctantly, because judging from the results, the company's profits this year mainly come from the boss's films, and the box office performance of the two films he led himself was far lower than his expectations.
"Now I'll talk about the company's plans for next year!" Smart said.
Chen Hao is actually quite satisfied with Smart, he only asks Smart to be optimistic about the company for himself.
As for making money, I didn't have much hope for him, but Smart's business philosophy was very in line with Chen Hao's thinking, so he was not dissatisfied with him.
The company tentatively plans to invest in the production of 6 movies next year, in addition to Chen You's films, there are also "Saw 4" and "Hurricane Rescue 2".
There are also two low-budget horror films, "Horror Hotel" and "Feast of the Beast", and there is another film that I am finalizing the script and should eventually be able to start filming. Smart said.
Chen Hao nodded when he heard this, "Aside from my movie, what is the total budget?"
"Saw 4 should still be $10 million, "Hurricane Rescue 2" is $35 million, and the other three low-budget horror films add up to $20 million, a total of about $65 million. Smart said.
Chen Hao nodded when he heard this, the highest is "Hurricane Rescue 2", this is still the time when he directly signed three films with Liam Neeson, otherwise he wouldn't be able to beat 40 million.
It's just that Chen Hao just calculated that the company has $128 million in its books, and now it will cost $65 million just for film investment, and at least another $5 million will have to be set aside for other purposes.
Then he can still take away 58 million US dollars, that is, 477 million yuan.
Of course, the company still has the box office share of "The Hangover" that has not arrived!