The 203rd Acquisition Opportunity
In 2007, the total box office of Huaxia was 10.8 billion, and the four films invested by Chen Jing Studio accounted for 2.27 billion at the box office, accounting for 21% of the box office share.
The total box office of Hollywood imported films in China is 4.57 billion, accounting for 42% of the box office share.
The remaining 37% of the box office is from other domestic film companies.
This kind of terrifying box office profitability has attracted the attention of the entire Chinese film industry and even Hollywood companies.
It is foreseeable that in 2008, Chen Jing Studio or Peng Yichen's film will definitely experience more obstacles and difficulties.
Of course, these are not a problem for Peng Yichen, he is only responsible for making movies, and the rest is left to Lao Sun.
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In addition to the income at the box office, Chen Jing Studio also made a lot of money by relying on the post-copyright operation of the film.
The after-tax income of "Full of Gold and Jade" is 30 million, the after-tax income of "One Man, the Martial Arts" is 11 million, the after-tax income of "Shocking Black Gold" is 21 million, and the after-tax income of "Beautiful Life" is 34 million.
"Beautiful Life" is also one of the producers of Chang'an Film Studio, and it is the main theme movie, so there are more TV stations that buy broadcast rights, so the income is relatively high.
These two main peripheral benefits added 96 million to the company's after-tax income.
Coupled with the box office revenue, the income of Chen Jing Studio in 2007 was 437 million.
437 million!
This income can already rank among the top ten among Huaxia entertainment companies.
You must know that Chen Jing Studio is just a personal studio so far.
And the studio's income comes from all films, and there is no other industry.
And last year, what was the expenditure of Chen Jing Studio, a total of only 120 million.
These expenditures are in addition to more than 65 million yuan invested in film investment and publicity and distribution.
Of the remaining 55 million miles, 8 million is the rent of a two-story office building for 5 years, and the other 47 million is the labor salary and basic operating expenses of the entire studio.
It can also be seen from this that almost all of Peng Yichen's previous movies were small-budget films, relying on word-of-mouth and a little luck, but in the end they achieved huge box office success.
No wonder many media say that if Peng Yichen makes a commercial blockbuster, I don't know if the box office will break through the sky.
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After Sun Yizou finished telling everyone about his income and expenses in 2007, the amount of cash that Chen Jing's studio has is now clear at a glance.
Coupled with the studio's net income of more than 90 million yuan in 2006, the current available funds in the studio's account are 410 million yuan of Huaxia coins.
"Very good!" Peng Yichen put down the financial statements and looked at all the excited executives at the conference table.
He led everyone to applaud again, and said with a smile: "The development of the studio has really exceeded all of our expectations!"
Then he nodded to Sun Yizou and said, "Mr. Sun, let's start the next agenda." ”
This year, Chen Jing Studio has no film plans except for a literary film for Zhang Xingping - "Youth Dream Song", which is confirmed to be released at the end of March.
There is only one movie released, which is obviously not in line with Peng Yichen's style of 'film mass production machine'. But before Peng Yichen put forward his own shooting plan, the studio could only temporarily stop moving in this regard.
So the first important work this year is the reorganization of Chen Jing's studio.
The goal is to completely transform a private studio into a full-fledged entertainment film company.
And form a good and stable film production model as soon as possible, try to get more film copyrights, so that the company has a more stable source of income.
Sun Yizou has been preparing for this work for a long time, so the senior management here knows a little about the transformation of the studio into a company.
Everyone quickly clarified the tasks of each department, and waited for Peng Yichen and Huimin Film and Television Company to discuss the conditions for equity conversion and re-sign the equity agreement.
The newly established Chen Jing Film Company will replace Chen Jing Studio and truly appear in front of all the public.
Next, let's discuss the second priority of this year, which is to develop the TV drama production business.
In 2007, the TV drama market in China developed rapidly, although the ratings of TV stations generally declined due to the emergence of online video websites.
But last year alone, the combined advertising revenue of all TV stations reached 41.7 billion. That's almost 4 times the total box office of the movie. Among these advertising revenues, the advertising revenue obtained because of TV dramas is about 28.5 billion.
I think everyone knows what this means, that is, the market size of TV dramas is almost 3 times the size of the film market. Therefore, we should expand our business in TV drama production as soon as possible.
I've contacted a lot of TV stations that are interested in working with us and booking our TV series. I recommend starting with a small-budget sitcom......"
Sun Yizou's analysis is very good, but the company's resources are now almost entirely focused on film. There is almost no connection with well-known TV drama directors and screenwriters in China.
So, he made a suggestion to start with a small-budget sitcom.
When Peng Yichen heard this, he suddenly spoke: "I already have a plan for the filming of the TV series, and we will talk about this matter after the meeting." ”
Sun Yizou was a little surprised, but didn't ask much, and continued to talk about the next job.
"In addition, the outside market is not well developed in terms of overseas markets. With the exception of Greater China, our films have hardly been released anywhere else. This cost us a lot of money at the overseas box office. Therefore, we want to take advantage of the opportunity for "Shocking Black Gold" to win the best actor at the Venice Film Festival and expand more channels for discovering the European film distribution market......"
Peng Yichen sat quietly at the chief, listening to Sun Yizou's various work arrangements, and occasionally expressing a few comments.
He doesn't give much opinion because he knows he's not a professional and doesn't like running a company. Therefore, starting from this year, he plans to hire a third-party accounting company to account for and audit the company's finances every year.
Outside of the initial situation, he will hand over all the power of company management to these professionals and let them make decisions.
Of course, about the filming of film and television dramas, it is up to him to make the decision. Relatively major investment matters also need to be reviewed by him before they can be carried out.
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The meeting proceeded very quickly, and all the work was quickly determined under the arrangement of Sun Yizou.
It wasn't until the end of the meeting that Sun Yizou suddenly asked the secretary to hand Peng Yichen a document.
"Boss, Chang'an Film Studio may be going to be restructured recently. He said to Peng Yichen seriously: "This is an approximate accounting of their existing assets, and if calculated at market prices, they should only be worth 130 million ......."
Peng Yichen looked at the asset accounting book in his hand, nodded slightly, and asked, "Although Elder Wu has been discharged from the hospital, his body has been greatly damaged, and it is basically impossible for him to come out to work in the future." Without his support, Chang'an Film Studio really couldn't last long. It is not surprising that the state let them restructure......".
After looking at the materials in his hand for a while, Peng Yichen smiled and said, "Why are you suddenly so interested in this matter?"
Sun Yizou also smiled slightly and said, "During the Spring Festival, their factory director couldn't find you, so he contacted me. They wanted to work with us on a TV series. I learned that the Ministry of Culture seems to have given the studios a death order if they can't turn a profit within this year. It is necessary to sell all the assets of the studio as a whole. ”
"Filming a TV series together? They have no experience in making TV series at all, so why don't they make movies? Peng Yichen asked.
Sun Yizou smiled confidently and analyzed: "They just want to make a last stand." Although the income of "Beautiful Life" is very large, the money for investing in the film is given by the state, so the studio handed over most of the income to the Ministry of Culture.
Now they have limited funds in their hands, and making a movie is too risky. Choosing to shoot a TV series not only has a low shooting cost, but also saves the cost of publicity and promotion. After the filming is completed, it will be broadcast directly on the Shaanxi West TV station, which has a good relationship with them, and they will basically be able to make money. ”
Peng Yichen thought for a while, "Then do you think we should cooperate with them to shoot a TV series." ”
Sun Yizou didn't think about it, and immediately replied: "My suggestion is not to cooperate with them." When their funding chain is broken, the Ministry of Culture is likely to sell the studio outright. ”
"Wow!" everyone in the conference room let out an exclamation, they had already heard what Sun Yizou meant.
He wants to buy the entire Chang'an Film Studio!
Peng Yichen's eyes flashed with excitement, Chang'an Film Studio has its own studio, its own shooting venue, and more importantly, a large number of film professionals.
These are the things that Chen Jing Film Company lacks the most.
But after thinking for a while, he shook his head lightly and rejected Sun Yizou's suggestion, "We must cooperate with them." If we turn down their offer to work now, then even if we successfully buy the studio, the people in the studio will have a bad perception of us. When the time comes, whether these people can be retained or not is not certain. The most valuable thing in the studio is these film talents, and if you can't keep them, there is no point in buying a studio. ”
Sun Yizou listened to it, and also felt that what Peng Yichen said was very reasonable, his ideas were too market-oriented, and he didn't take into account that people's feelings can affect many things.
"Then what is your opinion?" Sun Yizou asked as he looked at Peng Yichen.
As soon as his words fell, all the high-level officials on the scene looked at Peng Yichen.
This is the first time he has expressed his opinions and thoughts on the specific operation of the company, and these business elites want to know whether this young man, who is called "born for movies" by the media, has the same talent beyond ordinary people in terms of business acquisitions.
Peng Yichen was not affected by these eyes, he slowly said his thoughts on this acquisition, and also said the future shooting plan he had considered in the past six months.
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