Zheng Liaoyuan smiled, in fact, only their studio has the confidence to refuse the investment of other film and television companies or investment companies.

The film and television industry is an asset-light industry, and it is difficult to use financing levers, coupled with the very low capital turnover rate of film and television dramas, which exacerbates the lack of money.

A TV series often goes through a cycle of up to one to two years from development, production, broadcasting, and payment collection.

The average capital turnover cycle is usually more than one year, which means that the funds of film and television companies are only recycled once in a year.

Among the assets of film and television companies, the proportion of accounts receivable is very high, exacerbating their cash shortfall.

In other words, a very large proportion of TV series that have been sold cannot recover their funds on time.

As the main buyer, the TV station relied on its strong position to extend the payment period for no reason.

The account period can be as short as a few months or as long as more than 1 year, in fact, the film and television companies, which are already short of funds, have to provide financing for downstream buyers, and the TV stations have long occupied the funds of the film and television companies for free.

As can be seen from the statements of most listed film and television companies, their operating cash flow is often negative, which means that the cash from the business income is not enough to cover the cash needs of the business expenses.

This part of the cash flow gap must be supplemented by its own funds, and if it wants to continue to expand production capacity, film and television companies will have to continue to carry out external financing.

Just like the TV series "Conquest" and the full-investment movie "Infernal Affairs" invested by the studio and Shanying Group before, even now, the full amount has not been recovered.

This is a disadvantage determined by the entire market atmosphere, which is why Yi Shuihan was willing to cooperate with Harbour Satellite TV before, because they received money quickly.

The reason why Yi Shuihan Studio has the confidence to refuse other people's investment is because of his absolute confidence in the TV series, and he doesn't need other groups to take risks for him.

Another point is that because each of Yi Shuihan's previous works has maintained a high rate of return, the studio's working capital can be enough to support the filming of the entire TV series.

Yi Shuihan was communicating with Zheng Liaoyuan, at Qiantang Airport, two middle-aged men in suits and leather shoes rushed to Yi Shuihan's studio as soon as they got off the plane, they were Wang Qianye, director of the investment department of Shanying Group, and his assistant Xu Bowen.

Minister Wang ...... I don't understand," Xu Bowen hesitated for a moment and asked: "Are you so optimistic about this TV series? Although the first part of "The Legend of Sword and Fairy" has achieved very good results, it does not mean that the sequel will be good, is it necessary for us to find the door in person......?

Wang Qianye glanced at Xu Bowen, he still took his assistant very seriously, and said after a moment of silence: "You can't look at the problem one-sidedly, nor can you analyze it alone, you have to combine it with the whole." The first point, the reputation of "The Legend of Sword and Fairy", Yi Shuihan's studio just released a piece of news, it has not been completed, and it has not even started yet, it has already gained so much attention, which is the natural advantage of filming a sequel.

The second point, the reputation of Yi Shuihan Studio, don't look at them as just a small studio, but the reputation of their studio has gradually caught up with our Mountain Film Group! "The Legend of Sword and Fairy", "New Life", "Dragon Babu", the success of several TV series in a row has accumulated countless fans for them.

The third point, compared with this "Fairy Sword II", what I look better is Yi Shuihan's investment vision...... Every TV series and movie he has invested in has been a huge success, and it is every single one!

I think what we're concerned about is whether the other side is willing to let us invest......"

"Why don't you want to invest...... Xu Bowen stopped halfway through his speech, it seems that with the current situation of the other party, there is really no need to invest.

Not long after, they came to Yi Shuihan Studio, compared to Shanying Group, Yi Shuihan Studio is much smaller, but in terms of last year's profit, it is almost the same as Shanying Group, which has many businesses, which is really shocking.

At this time, Yi Shuihan and Zheng Liaoyuan were discussing, and when they heard the secretary report that the Mountain Shadow Group was coming, they glanced at each other, and they were very clear about the other party's intention - the other party was also here for the movie "The Legend of Sword and Fairy II".

After the visitor pushed the door in, Zheng Liaoyuan was taken aback, the minister of the investment department actually came in person, it seems that they have a lot of determination.

It's just that...... Zheng Liaoyuan glanced at Yi Shuihan, they had just negotiated and were ready to invest in this TV series in full.

"Your Excellency is coming, Minister Wang, you are not welcome!" Zheng Liaoyuan got up and shook hands with Wang Qianye, and said with a smile.

"Yi Shuihan, welcome Minister Wang!" Yi Shuihan also stood up with a smile.

"Yi Dong, Mr. Zheng is polite, and he doesn't dare to take it. Wang Qianye responded with a smile.

"It's good to call me Akan, it's really a little unaccustomed to calling me Yi Dong coldly. Yi Shuihan said with a smile

After the three of them sat down, they exchanged pleasantries for a while, and naturally talked about their intentions today.

"Recently, the Internet has been very lively, all of them are discussing the news of the second part of the fairy sword, it seems that your studio is going to do a big job!" Wang Qianye sighed with a smile, and he was also tempting.

"It's just a matter of eating the old book, Minister Wang smiled. Yi Shuihan responded with a smile.

Regarding Yi Shuihan's self-humility, Wang Qianye also smiled, even if he eats the old book, it will definitely not be an ordinary profit, otherwise with Yi Shuihan's vision, he will not spend so much effort on a sequel.

"Akan is modest, we are very optimistic about this TV series, but I don't know if it's convenient to read the script?" asked Wang Qianye with a smile, which was equivalent to asking straight to the point.

Yi Shuihan and Zheng Liaoyuan glanced at each other, and after a moment of silence, they said: "The script can be shown to Minister Wang at any time, but it's just ...... We have no plans to raise funds for the time being, and I'm really sorry that we will let Minister Wang run for nothing. ”

Xu Bowen was shocked in his heart, but he didn't think that he was really expected by Minister Wang, the other party was really unwilling to accept investment from other companies, could they really be so confident?

For this answer, Wang Qianye was also mentally prepared, but his determination was even stronger than they imagined.

He frowned and thought for a while, and finally made up his mind: "Don't be busy refusing first...... What if I want to invest at a premium?"

Yi Shuihan, Zheng Liaoyuan, and Xu Bowen were shocked at the same time, but they didn't expect the other party to give such a request.

Premium investment, that is to say, Wang Qianye is willing to spend more money to obtain a certain amount of equity, which is equivalent to Xu Bowen taking on a greater risk......

(End of chapter)