Chapter 697: VAM Agreement

In the two days since he came back from Xiangshan Film and Television City, Lin Xiaoguang has been in a very good state, and the pace of work is also very fast.

On the other hand, the movie "Detective Chinatown", which has been released for a month and a half, can still make 1.8 million in theaters every day.

Lin Xiaoguang is almost lying down and making money now, and his heart is still quite beautiful.

March 30, 9 a.m.

Huayi Company.

"Director Lin, please come with me, Huang Dong has been waiting inside for a long time!"

As soon as Lin Xiaoguang arrived at the door of Huayi, the girl at the front desk took him to the chairman's office, knocked on the door, and brought him from the outside when he entered.

"Big brother, don't come unharmed!"

No matter what Huang Zhongjun's intention was to come over to him this time, the other party was one of the most prestigious bigwigs in the entertainment industry and his former boss, Lin Xiaoguang still showed enough respect.

"Hehe, Xiaoguang is here, please take a seat!" Huang Zhongjun got up and beckoned Lin Xiaoguang to sit down.

"Xiaoguang, I heard that you have invested in a military-themed movie, and it will be released again in a few days?"

Lin Xiaoguang knew that Huang Zhongjun was referring to "Wolf Warrior", nodded and smiled: "Yes, big brother, I didn't expect you to be so busy and care so much about my movements." ”

"With an investment of 100 million yuan to shoot a movie, a big director who got a box office of 1.8 billion, there is no one in the entire entertainment industry who doesn't pay attention to it!" Huang Zhongjun laughed.

"Big brother has won the prize, I'm just lucky!" Lin Xiaoguang waved his hand.

After a period of talking, Huang Zhongjun stopped being verbose and told Lin Xiaoguang the truth.

After sitting down, Huang Zhongjun asked with great interest, "Xiaoguang, I don't know if you have heard of the gambling agreement?"

Lin Xiaoguang nodded and said calmly: "Of course I have heard of it." ”

To be more precise, the VAM in Huang Zhongjun's mouth, also known as the "valuation adjustment mechanism", is an agreement between the acquirer (including the investor) and the transferor (including the financier) on the uncertain future when they enter into an M&A (or financing) agreement.

VAM agreements are very popular in many industries, and they are even more common in the entertainment industry, and Lin Xiaoguang has heard of them to some extent.

To put it simply, VAM is a means to reduce investment risks and encourage financing enterprises to be aggressive.

But most of the time, the goal of the bet is exaggerated, and the plugging is a bubble, which means that it is difficult for your current resources to reach the goal, and you will be forced to achieve it, so that you have to do what you have to do.

In recent years, in order to repay the money as soon as possible, the stars and directors who have participated in the VAM agreement no longer "picky" the script and the acting skills, but are bent on making quick money and becoming puppets of capital! Therefore, some people say that the VAM agreement has become a "cancer" in the development of the film and television industry.

If you want to say that the Chinese film and television industry is impetuous, can it be all thanks to the "gambling agreement"? Lin Xiaoguang thinks it can't!

As the saying goes, kitchen knives are not guilty, but murder with knives is guilty.

As a capital investment tool, the VAM agreement is neither a tumor nor arsenic, and when celebrities sign the VAM agreement, they should know the consequences! Don't take the money, and say that they are forced to accept the bad movie out of desperation.

Gambling is a capital tool, and whether you can play it or not depends on your personal situation.

Some people failed in their bets, or worked hard, such as Zhang Guoguo, and some people succeeded and became easier, such as Wang Mi.

Therefore, Lin Xiaoguang is not exclusive to the "VAM agreement", but he has never considered this issue, at most he keeps the mentality of watching.

Huang Zhongjun asked with a smile: "Xiaoguang, eldest brother wants to know, are you interested in signing a gambling agreement with our Huayi to create new brilliance together?"

Lin Xiaoguang knew that Huang Zhongjun would ask this, because before that, Zhang Guoli had already signed a VAM agreement with Huayi.

After thinking for a while, Lin Xiaoguang also smiled and said: "Big brother, I am a person, can you still be unclear? I just want to make the movie I want to make with peace of mind, and I really don't want to be bound by capital." ”

Huang Zhongjun said disapprerovingly: "Xiaoguang, didn't you leave the company to set up your own business, didn't you just make more money?"

Lin Xiaoguang said truthfully: "Big brother, when I leave the company, money is only one factor, that's right, no one doesn't love money, I admit it, I love money too." ”

"But big brother, I think I'm doing a good job now, although I don't earn much, but I don't have too much pressure. ”

Huang Zhongjun said bluntly: "Xiaoguang, you can't have such a mentality, no wonder in the past few years, your company has signed a film director with Xu Zheng." ”

"I heard that Xu Zheng is almost leaving, right? At that time, your company, won't you be the only director left?"

Lin Xiaoguang couldn't help but smile and said: "Big brother, you're right, this is the case, I'm really sorry, we have embarrassed you." ”

Huang Zhongjun smiled and waved his hand and said, "Okay, Xiaoguang, what is embarrassing is not ashamed, it is nonsense." ”

"But Xiaoguang, since you don't have the heart to develop the light and shadow company, then you might as well transfer your company's funds, and then I will come forward and buy your company. ”

Listening to Huang Zhongjun's meaning, Lin Xiaoguang understood in his heart that Huang Zhongjun still wanted to convince himself to sign a gambling agreement with Huayi.

To put it simply, Huang Zhongjun is planning to use the money to sign Lin Xiaoguang, and then work for Huayi again.

Thinking of this, Lin Xiaoguang couldn't help but sigh: "Big brother, I think, let's forget it, don't beat me, I think I'm really good now." ”

"Anyway, my own company, if I lose money by making a movie, I can still make another one, if I lose money again, I will shoot again, if I shoot three or four films in a row or lose money, maybe when the time comes, I will consider disbanding the company, maybe quitting the entertainment industry. ”

Huang Zhongjun didn't expect that after not having much contact for a few years, Lin Xiaoguang would become so "desireless and wantless", and he didn't have the ambition to borrow money to subscribe to Huayi's original shares back then.

After thinking about it, Huang Zhongjun said earnestly: "Xiaoguang, don't you want to make more money?"

"How did you become so timid?!"

Lin Xiaoguang said helplessly: "Big brother, it's not a question of being timid or not, I just don't want to toss so much." ”

Huang Zhongjun hated iron and said loudly: "Xiaoguang, you should really learn from Xiaogang, people who are fifty or sixty years old know how to earn a pension for themselves, you are only in your thirties now, why don't you have this awareness?"

Of course, the so-called pension in Huang Zhongjun's mouth is not a small amount, but a full 1 billion yuan.

Just last month, Feng Xiaogang's company, Dongyang Mera, signed an equity transfer agreement with Huayi Brothers, and Feng Xiaogang held 99% of Dongyang Mera's equity at the time.

The Huayi brothers paid 1.05 billion yuan at one time to acquire 70% of the equity of Dongyang Meila, and Feng Xiaogang cashed out more than 1 billion, and suddenly became rich.

You must know that Feng Xiaogang doesn't make so much money just by making movies, from 1997 to 2008, the total box office of 9 commercial films only exceeded 1 billion yuan, if there are no stocks, the money that really goes to him as a director will definitely not exceed 100 million.

Although it was a film ten years ago, it is enough to show that this is the intention of Huayi Brothers to cash out Feng Xiaogang's future performance.

Dongyang Mera also signed a performance commitment from the date of completion of the equity transfer to the end of 2019.

Among them, in 2015, Feng Xiaogang promised a net profit of not less than 100 million yuan, and then since 2016, the performance target of each year has increased by 15% on the basis of the net profit promised in the previous year, Feng Xiaogang's gambling debt is not easy, and the total net profit promised in 5 years is nearly 700 million yuan.

Such a VAM agreement is still bearable for Feng Xiaogang, because he only overdrew his money in advance.

And Huayi Brothers relied on this trick to successfully bind Feng Xiaogang's interests, reserve the core resources of the film, create the core competitive advantage of the film, and then raise the stock price by taking advantage of the trend.

Huang Zhongjun continued: "Xiaoguang, I gave Feng Xiaogang 10 billion, so that he can earn 7 billion profits for our company within five years. ”

"If you are willing to sign a contract with our company, I can give you 1.2 billion. ”

Hearing Huang Zhongjun's offer to himself, Lin Xiaoguang was really moved.

Looking back on these years, Lin Xiaoguang has shot and invested in so many movies, plus the box office share of "Detective Chinatown", the total is only about 1.1 billion.

If Lin Xiaoguang agrees to Huang Zhongjun's gambling agreement, then Lin Xiaoguang can earn 1.2 billion yuan in advance within 5 years.

"In the past five years, you only need to earn 900 million for our company, and the average annual income is 170 million, what do you think?"

Hearing this, Lin Xiaoguang silently lit a cigarette and began to ponder.

"Xiaoguang, don't hesitate, you are almost 200 million more than Feng Xiaogang, but you only need to earn 200 million more, don't you still have to take risks when your own company makes movies?"