CHAPTER XIX

"There's something you might be interested in. ”

After talking a little about the company's production plan, Park Yingjun suddenly smiled.

Ahn Jun Hyuk looked over, the cup he picked up stopped in mid-air, and the golden color of the banquet hall rippled in the cup, "Oh?" he was a little strange. Park Young-joon didn't sell much in his inquiring gaze, and said softly: "Recently, it has been rumored in the circle that Orion seems to be ready to give up the entertainment career......"

Hearing this, An Junhyuk frowned at first, the entertainment industry is the most abundant in gossip, and gossip is full of rumors, but most of them can't be believed at all, most of them are brain-made rumors of unknown origin, which is really a model of three people becoming tigers.

But soon, he frowned slightly, the two were talking about business, Park Young-jun obviously wouldn't suddenly mention unreasonable gossip, obviously there were signs.

Sure enough, he then heard Park Young-joon say: "A few days ago, I participated in a private auction and got the news that an organization is investigating the total assets of MegaBox, including 54 theaters in 8 major cities across the country, as well as all theater chains ......"

Hearing him speak, Ahn Jun-hyuk slowly put down the cup: "Entrusting party?"

"I don't know for the time being, but the source is relatively reliable, and I'm not the only one who got the news, and as far as I know, both CJ.CGV and Rakuten Cinema have shown concern about this matter, so it's clear that this rumor is not groundless. ”

"So...... Should it be confirmed?"

"Eight or nine is not far from ten. ”

Park Young-joon has been helping Ahn Joon-hyuk manage his career since 04, and he is used to asset operation. Since they have a thorough understanding of the roots, and Ahn Junhyuk is even more familiar with the game in the line group, the value of this news for them to determine is not the news itself, but the secrecy of the investigation agency leaked into a sieve.

If nothing else, it may be the Orion Group that released the news.

After all, MegaBox is Orion's own property, and if it is not listed, it has no obligation to disclose the internal situation, then. When the group itself is ready to shake it off. The hook obviously has to be hung with bait in order to attract fish, and only when enough fish are attracted to form the basic conditions that are favorable to the owner of the asset. The corresponding information will be disclosed to the outside world.

It's about taking the initiative. There are no exceptions.

Ahn Jun-hyuk was silent for a long time. Shaking his head, "I didn't expect it, it still didn't survive." ”

Although I was a little surprised when I first heard it. But after confirming that the news is basically true, Ahn Jun-hyuk is not much surprised, in fact, this should be expected, all due to the decline of the Korean film industry in recent years.

As early as the year before and at the end of 2005, MegaBox's business situation had deteriorated rapidly, when J.H. Studio, the predecessor of J.H. Entertainment, was negotiating a partnership with the other party, so he had an in-depth understanding of the movie theater industry as a whole, and at that time, MegaBox's operating profit and net profit were only 14.1 billion won and 10.3 billion won, while the sales at that time were 100 billion won.

Such a revenue ratio is extremely bleak.

By 2006, its situation became more and more sluggish, mainly due to the sluggish market performance, according to the information submitted to Ahn Junhyuk by the company's marketing department at the beginning of the year, last year, although the Korean film industry had "The King's Man" and "Han River Monster" one after another to break the box office record, but in addition, a total of 107 films on the big screen throughout the year, the yield of more than 50% is only "Wang Nan", "Han River Monster", "Love Master", "Head Master One", "Lao Qian", "Sweet Horror Lover" These 6 films, the yield reached 30% Standard, there are only 13.

The remaining 88 are not covered by revenue!

MegaBox, which has 54 theaters, saw sales increase by less than 10 billion won during the year, but its net profit fell to 8 billion won due to increased investment in publicity and labor, as well as additional expenses due to the dismal box office of 82% of the films released.

In order to gain a favorable position in the market competition, the three theaters have done their best, on the one hand, they have carried out various activities to reduce ticket prices to attract audiences, and on the other hand, they are also investing heavily in hardware upgrades, for example, the digital transformation that is currently popular!

At the beginning of the design of the cinema screening hall, it is not planned for digital equipment, but to adapt to the different situations of each theater, it is necessary to develop a special small digital system configuration scheme.

In fact, compared to the important position of CGV and cinema in the CJ Group and Lotte Group, MegaBox may not be able to bear the burden for the Orion Group, which has relatively weak funds.

After thinking for a moment, Ahn Jun-hyuk asked, "Has the company discussed this matter?"

"Before coming to Japan, I chaired meetings. Park Young-joon nodded, "We think we should pay close attention, not only because MegaBox is the cinema chain we have worked with the most deeply, but also because of the cinema chain in its hands...... More than 400 screens, although the strength is relatively weak compared to the other two, but J.H is in need of this part of the strength to supplement, last year's "Wang Nan" at the beginning of the release of the predicament, we were impressed!"

Thinking of the difficulties of the theater side when "Wang Nan" was released at the beginning of last year, Park Yingjun is still a little embarrassed.

Except for Ahn Jun-hyuk, who was inexplicably determined at the time, most people, including him, were actually desperate - there was no way, the movie was finished and cut, so they could only bite the bullet. At that time, Park Young-joon thought about it, if the box office failed, he would take the initiative to take the blame and resign, so that at least Ahn Jun-hyuk could be saved, so as not to be stained with the name of poison and affect the life of the big screen.

For J.H and him personally at that time, if he could keep Ahn Joon-hyuk, he would have a chance to make a comeback.

Thankfully, it ended well, but the anxiety and apprehension at that time still affected him, and he didn't want to go through that situation again!

Ahn Joon-hyuk groaned, he understood the meaning of Park Young-joon's words - the entertainment company's executives were interested in buying MegaBox.

From the perspective of the overall development of the company. This intention is understandable, but after thinking about it for a while, he still shook his head: "Let it be put for now!"

"Junhyuk......"

Park Yingjun's expression was anxious, and he wanted to speak, but was interrupted by Ahn Junhyuk raising his hand: "I understand your thoughts, but you should also see that the overall development of the Korean film industry is becoming more and more declining, we are a production and distribution company, we have no experience in the operation and management of cinemas, if it is okay in peacetime." But don't forget. The film quota was cut just last year, what do you think will happen to the Marché du Film this year?"

Park Young-jun was dazed.

Ahn Jun Hyuk sighed, "This year is the first year that the film quota has been cut, in order to fulfill the agreement. The Ministry of Culture and Tourism is bound to introduce a large number of Hollywood films...... You think. Is the market ready for the Hollywood onslaught?"

"............" Park Yingjun was dumbfounded.

Ahn Joon-hyuk didn't need him to answer either. He immediately raised two fingers, "No! In my most optimistic estimate, it will take two years for Korean filmmakers to ...... At least two years of imitation and learning. In the past two years, the whole market will be very chaotic, and there will be no time for us to accumulate experience in how to run a cinema company.

As soon as he spoke, Pu Yingjun's heart was shaken, and he was stunned for a long time before he came back to his senses and sighed.

He really didn't expect that.

"Now that you are the CEO of an entertainment company, you can no longer look at J.H Entertainment as before, but look at the entire market, and you must know how to observe its direction and grasp its pulse. Picking up the wine glass, Ahn Jun-hyuk stood up and pressed his shoulder, "Orion can run a huge Haoliyou brand, and there is no shortage of far-sighted people in its strategic research room, what are they giving up for? It's not that they can't be saved, but it's not worth dragging it out, and it's the same for us!"

In contemplation, seeing him turn around to leave, Park Young-joon took a deep breath and asked with a slight reluctance, "Are we going to sit back and watch CGV or cinema continue to grow?"

In his opinion, if Orion is really ready to get rid of MegaBox, it is these two competitors who are most likely to take over.

In this regard, Ahn Junhyuk shook his head and smiled: "No." ”

"For what?"

"Because we have a similar vision. ”

Ahn Joon-hyuk raised his glass to him, turned to leave, and his figure disappeared into the depths of the brilliant lights in a short time.

……

……

In South Korea in May, spring flowers are in full bloom. The cold has subsided, and the season of the scorching heat has not yet arrived, and the heaviest bomb in the entertainment industry is none other than Orion's official announcement that it is ready to sell MegaBox.

The rumors have been circulating in the circle for some time, and in early May, after Orion verified the authenticity of the news, people were already mentally prepared, but the film industry was still in a slump because of it.

Last year's film quota cut was a heavy blow to the Korean film industry, and the rapid decline in profitability in the following year almost pushed large and small production companies into the abyss.

Affected by this, the performance of the outside world is not very positive, although CGV and cinema at the beginning of the announcement of Orion, but there is no further action, the whole market is like a pool of stagnant water, sitting and watching the changes of Orion coldly, only some foreign capital shows limited interest, but unfortunately limited to the lack of market potential, a little interest is also stopped.

Even as analysis for various purposes has been rampant, with some pointing out that CGV and cinema may take over to expand their market share, others suggesting that MegaBox's strategic partner, J.H Entertainment, may use it to increase its theatrical business, and there are even reports that 20th Century Fox may use it as a springboard to South Korea...... Under all the noise, it can't hide the pessimism of MegaBox's lack of interest.

Everything, just like Ahn Joon-hyuk's analysis, is just that his eyes are not too much on the country, but on Japan.

After a long period of communication, J.H Music and Sony Music did not reach a cooperation intention after all, but another company came to the door. (To be continued......)

PS:The hard disk is scrapped.,The day before yesterday I have been rescuing the data.,But it hasn't been successful.,Outline、Settings、Data or something is in it.,For the time being, you can only rely on memories and current information......