As a large company, Disney's annual expenses can be very high. Tens of thousands of employees are paid as well as paid fees. Companies also pay federal and state taxes. Add to that the company's operating expenses and dividends to shareholders. Even Disney, which has a big business, can't afford to lose a few such large-scale losses.

After the failure of the Chronicles of Narnia was confirmed, the stock market reacted instantly. Disney's stock price plummeted by 2 percent, wiping out nearly $1 billion in market value, which is more than the production cost of several movies.

It's hard for people outside the industry to imagine that the failure of a movie will lead to a drop in stock prices. And the market value of the loss can be higher than the cost of the movie. However, this is not the case in the film industry.

Because of Disney's big business, film investment and production is not a simple matter. There's a lot of work involved. And the knock-on effect is huge.

For a large enterprise like Disney, if a movie is a big success, it will inevitably earn more than the box office on the surface. The reverse is also true, once it fails, the loss is also far higher than the production cost on the surface.

Even a behemoth like Disney can hardly afford to lose money on one big production after another. Because the associated losses are terrifying.

Although Disney has a television network of ABC TV, ABC TV is independently operated. If the funds are withdrawn from there, it will bring a very bad reaction to the market. All investors will think that Disney is not good, and the stock price will definitely plummet.

Disneyland, Disneyland, another core business, is very costly, although it makes money. The large number of employees, as well as the maintenance costs of the park, as well as the high taxes are huge expenses. This can only be used as a basic, not a booster for development.

The real core of Disney is still movies, and movies will only make a profit if they make a lot of money. If you lose money continuously, it will bring a crisis to the whole company.

The failure of the Chronicles of Narnia made Disney feel as if it had been hit in the head. After a fierce internal battle, the final scapegoat was chosen by the director and the crew. Although the loss is not small, Disney will not be broken by the failure of a movie. But if this kind of thing happens several times in a row, Disney can't bear it.

Zhang Fan also knows very well that Disney will not go bankrupt because of the failure of a movie, they are not a small company without a background. However, Zhang Fan will not let go of the opportunity to hit Disney.

After the box office of Narnia Legends came out, Zhang Fan said through the media that his literary work Harry Potter series will be put on the screen next year!

Zhang Fan's has been in the top 10 of the New York Times bestseller list since its release. Over time, it has a strong influence all over the world.

And this Harry Potter series is a children's publication for all ages, and it is a very popular seller all over the world. The total number of copies sold is more than 50 million! And with the passage of time and the subsequent releases, its sales will inevitably increase significantly.

Zhang Fan was able to maintain the operation of his film company despite being burdened with so many loans, largely because he continued to provide him with royalty support. So that he can continue to maintain his company.

These have brought Zhang Fan hundreds of millions of dollars in royalty income, and their value is far from being fully exploited. Once Zhang Fan puts them into the film adaptation market, it will inevitably bring sensational effects.

It's something that any film company dreams of. It's a pity that all these copyrights fall into Zhang Fan's hands. Other film companies can only watch and get angry, but there is nothing they can do.

And the reason why Zhang Fan announced that he will start filming the change movie of the Harry Potter series. In order to fight Disney's Narnia saga.

The Chronicles of Narnia is not a movie, it is also an adaptation, and it is also a series. For this series, Disney has paid the author a large royalty fee. And the preliminary preparation is also prepared according to the standard of several movies in a series.

The investment in this area is huge, and Disney has invested a lot of money. But now that Zhang Fan has announced that he wants to make a series of movies of the same type as The Chronicles of Narnia, or a popular adaptation, it will almost certainly be a big hit at the box office.

In this case, what will Disney's Narnia saga do? Forcibly spend a huge amount of money to continue the release and fight Harry Potter, which is almost destined to be a hit, or just abandon this series that has been proven to be a loss? And if it does, what about so much upfront investment? Someone will definitely have to bear the blame for such a big loss. The crew has already carried it once, and this time it was too heavy for them to carry.

Such a big loss must be held accountable by the top management, but no one in these senior management is willing to take the initiative to take responsibility.

As a senior executive of a company as big as Disney, in addition to the income and social status on the surface. There are more benefits in the shadows. Unspoken rules that can be convenient are small things, and they can borrow their positions to get convenience in many ways. So as to obtain benefits.

The bigger Disney is, the better it develops, and the more benefits these executives get. In this case, if there is a large loss, no one will take the initiative to take responsibility, and no one will carry forward the style to carry things down by themselves. Their first thought was to find a way to shirk responsibility.

It's just that it's very difficult to shirk responsibility in a strictly regulated joint-stock company. After all, joint-stock companies have a special regulatory system. It is clear who does what and whose responsibility is clear.

In this case, if they want not to be ousted, they can only choose to cover up this failure with greater performance.

"We don't have any other choice right now. "At Disney's board meeting, a group of Disney family members came together to discuss how to deal with the current situation.

"Someone has to step up and take responsibility for this. After all, there is no way to hide such a big loss. The chairman of the board of directors looked at the people in the conference room with a deep expression, "These are all losses on the surface, and no one wants to hide them." Unless the SFC is blind. ”

The power of the Securities and Exchange Commission in the United States is very great, and if a listed company is found to have engaged in any small actions, the punishment is also very terrifying. It's definitely not something that can be compared.

For example, Disney's incident this time is completely a loss on the surface, and shareholders are looking at it. If you want to get by, it's when everyone is blind.

There was unspeakable silence in the room, because no one wanted to lose their current position. Disney's top brass has a lot to gain. If nothing else, the sheer amount of money and the fact that you can easily attract beautiful women who want to pursue their dreams in Hollywood are enough to drive most people crazy.

"Is there another way?" Seeing that everyone was silent, Clouen thought for a moment and said, "If we can come up with a far greater gain than a loss, even if it is only the expected gain, we can cover it up." ”

"Where are the good profits lately?" someone immediately answered, "The potential scripts on the Screenwriters Guild's side have long been divided." As for the recent hot superhero movies, they are either in the hands of Warner or in the hands of that guy. You can't continue to release a sequel to the song and dance youth, right?"

If you want to cover up your previous mistakes and losses, the best way is to come up with better works that are more exciting and exciting than losses. But the big-budget movies that are worth looking forward to in the market recently are basically superhero movies, and the copyrights of these movies are either in the hands of Warner or Zhang Fan. As the top brass said, they can't fool the shareholders with a small-scale movie like Singing and Dancing Youth. No one is a fool.

There was a sense of depression in the conference room. Warner's Superman, Batman and Zhang Fan's Marvel superheroes are now in charge. It's a pity that it's all in the hands of competitors, and they Disney can only stand on the sidelines and watch.

"Alas~" someone sighed, "It would be nice if Pixar was still here, let Pixar launch an animated feature-length movie, and any trouble can be solved." ”

The executive's words made everyone in the room fidget. The agreement with Zhang Fan to bet on Pixar was definitely the worst decision of their lives! Disney, which lost Pixar, was like having its spine pulled out, losing its strongest support!

"Have any of those famous writers come out with any excellent works recently?" and someone said, "It's better to be a super IP like The Lord of the Rings." If it really doesn't work, it's okay to adapt it from a popular game. ”

"Speaking of the works of famous writers. Crawn smiled bitterly, "The hottest writer now must be Zhang Fan." The works in his hands are all top-selling bestsellers. BC TV has mentioned to me several times that they want us to come forward and buy the rights to A Song of Ice and Fire from Zhang Fan, and then make it into a TV series and broadcast it. I don't even know how to reply to them right now. ”

The depression in the meeting room intensified. Zhang Fan, a guy who specializes in fighting against Disney, not only makes movies well, but can actually write to the top level in the world. It's just hard to accept.

But the reality is that the best business writer in the world today is Zhang Fan. More than 100 million copies of his have been sold all over the world! This achievement has not been surpassed by anyone at all! Moreover, Zhang Fan himself owns a film production company, and he will only sell the adaptation rights of his works to others instead of making them himself.

Although it is said that there is a very bad relationship with Zhang Fan, the people here cannot deny Zhang Fan's excellence!

"I've heard. In the embarrassing silence, a voice sounded, "Zhang Fan seems to have mortgaged his copyright to the bank?"

"Huh?!"