Chapter 504 The expansion of Warner in China Times
Near Los Angeles, there is a beautiful city of Irvine. ◢ with ◢ dream ◢ small ◢ .lā
It is Orange County, which has the highest per capita income in the United States, but because of the financial crisis, it went bankrupt a few years ago.
But even so, it is still one of the cities with the highest density of wealthy people in the Star Flag Country.
The North American headquarters of Chen Jing Film Company is located in this small city.
From here to Los Angeles, it doesn't take an hour to drive.
And the government here is very "enlightened", not only did they rent a building under the name of the local government to Chen Jing Film Company as the headquarters building in North America for free.
also promised to only collect Chenjing Film Company, which is equivalent to half of the tax revenue of the city of Los Angeles.
Sun Yizou quickly agreed to put the North American headquarters of Chen Jing Film Company in this small city that has gone bankrupt.
In the conference room of the headquarters building, which has just been renovated, the board meeting of the Chenjing Film Company is being held at this time.
On both sides of the conference table, sat the senior executives of the company from Huaxia and Xingqi countries, with different faces but the same suits and leather shoes.
Peng Yichen, who rarely wears formal clothes, also sat in the chairman's position in a black suit at this time.
He was looking at the company's financial statements for the past year, and he didn't feel excited about the huge revenue figures.
On the contrary, he is a little more concerned about the company's work in film shooting and animated feature film production last year.
Chen Jing Film Company is currently mainly composed of 5 parts:
Film Production Department, Media Publicity and Distribution Department, Digital Technology Training Center, China Animation Studio and Film and Television Technology Patent Operation Department.
At present, the most profitable is the film production department and the film and television technology patent operation department.
The Digital Technology Training Center and the Chinese Animation Studio, even if they are not profitable, all rely on the company's blood transfusion to maintain their operations.
That's why a lot of companies can't afford to have an animation department and a special effects department.
It is almost impossible for these departments to generate profitability, and instead they need to continue to invest a large amount of money to maintain the normal operation and research development of the department.
But things can't just be seen that way.
After all, the animation department will be able to reap the benefits of future animated feature films after they are released.
The technical training center, although it cannot be profitable, is precisely because of this center, Peng Yichen and Chen Jing Film Company have been able to continuously obtain a large number of film technical talents in recent years.
The films they shoot are on par with Hollywood's top level in terms of various imaging techniques.
After Peng Yichen came up with D shooting and playback technology and holographic projection technology, he also used this large number of technical talents to put it into use so smoothly and promote it on a large scale.
It is also because of this that the technology patent operation department has made a lot of profits.
Of course, the company's main business today is still film production and distribution.
Peng Yichen, Zhao Zexin, Zhang Xingping, Huang Bo (he has already made his first film in Huaxia), and Nolan, who is about to sign a contract with the company.
It can be said that the director team of Chen Jing Film Company is now strong.
These excellent directors made a lot of movies that exploded at the box office in China or Xingqi countries last year.
The days of relying on Peng Yichen to dominate the world alone have completely become a thing of the past.
Relying on the box office of these excellent films, various peripheral incomes and later copyright operation income.
Chen Jing Film Company has long relied on the previous single profit model.
From February 2011 to February 2012, the company's total marketing revenue was 800 million Huaxia dollars, or 2.05 billion U.S. dollars, and total expenditures were 12.5 billion Huaxia dollars, or 250 million U.S. dollars.
The expenses were primarily for the acquisition of shares in Time Warner.
Therefore, despite such a large difference in the ratio of income and expenditure, Wall Street's valuation of Chen Jing Film Company has doubled several times, reaching a staggering $22.7 billion.
"Uh-huh, uh-huh......"
Peng Yichen looked at the income and expenses of each item, and saw that there was still $480 million in liquidity in the company's account.
Currently, the company needs to repay the bank funds every year, which is only $120 million.
In other words, even if all the 2012 accounts are paid off early, the company still has $600 million to spend on expenses and film production.
In addition, "Former Destination" is about to be completed and enter post-production.
According to Peng Yichen's popularity and popularity now, even if this movie hits the streets, it should still have a profit of no less than 100 million US dollars.
And he still has $501 million in his personal account.
These are the royalties he received from various patents for film technology that he invented.
Now his own money has exceeded the liquidity in the company's account.
It made him feel a little ridiculous.
But having money is never a bad thing, even though he simply can't spend that much money himself.
But he had already thought about setting up a charitable fund in the year of his retirement.
It specializes in helping poor children in China and people who have returned to poverty due to illness or become poor due to illness.
This is the idea he has always kept in his heart when he was filming "The Country Teacher".
Now that he finally had time, he certainly wanted to make it happen as soon as possible.
This charitable fund, Peng Yichen does not intend to accept donations from any other individuals and organizations.
He hates being criticized for making money for himself through charity.
If you want to do charity, then come yourself.
Therefore, he intends to invest between $50 million and $100 million in this fund every year in the future.
Then hire the world's top fund managers and talents to deliver all kinds of things they need to children and families in poor areas of China, or help them pay for treatment. But never send money directly.
Of course, today's meeting is neither a meeting of the company's financial report nor the inaugural meeting of Peng Yichen's own charitable foundation.
Otherwise, Peng Yichen would not have "specially" run back from the crew in Las Vegas
You must know that after almost a month of filming, "The Former Destination" is almost finished, and if it weren't for a major event, Peng Yichen would not have left the crew.
He came back this time because the company, as the parent company with the right to execute the operation of China Time Warner, wanted to control China Time Warner to carry out a very large merger and acquisition.
The merger must wait for him to make a final decision.
As a result, there were many members of Time Warner's board of directors in the room.
The acquisition target is Legendary Pictures, which is expected to be valued at $1.06 billion.
That's right, what Peng Yichen and Robinov want to buy this time is Legendary Pictures, this comrade-in-arms who once fought side by side with them.
During the years when Bicks and Robinoff were close, Legendary Pictures was almost synonymous with Warner Pictures.
Almost all of the films discovered by Warner Pictures were made by Legendary Pictures.
Later, Bix borrowed the power of the Wall Street consortium to kick Robinoff and Legendary Pictures, two representatives of traditional Hollywood filmmakers, out of Time Warner.
But it's a pity that in the end, Robinov found Peng Yichen, a "foreign aid", and in turn used the financial strength of Huaxia Enterprises to take Bix's army.
Eventually, he succeeded in driving the Bakers and Wall Street conglomerates out of Time Warner.
Today, Time Warner's own production capacity is very weak.
This is very dangerous.
Therefore, Peng Yichen and Robinov thought of the production company they were most familiar with, Legendary Pictures.
……