Chapter 241: Another Year of Annual Meeting
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In February 2002, the box office market of the movie has entered the stage of "Harry Potter" dominance. Pen? Interesting? Pavilion wWw. biquge。 info
"Youth Musical" and "The Next Superstar" have been painted in many movie theaters, freeing up more screenings for the sharp-edged "Harry Potter".
So far, the box office of "The Next Superstar" is about 90 million yuan, which seems to be very close to the box office of 100 million. However, the daily box office has slipped to more than 200,000, so 100 million has become the farthest distance.
The box office of "Youth Singing and Dancing Youth" reached 74 million, and in terms of box office growth, it seems that the potential has been almost consumed.
Although the two movies fought to the death, they both made a lot of money.
Many media evaluations in the industry, such as partner companies and Shanshan Entertainment, are all winners!
Of course, both films are coming to an end.
The competition between the two companies has not entered a state of rest. As we all know, the two movies "Youth Musical" and "The Next Superstar" are related to music, and after the movie is painted, in addition to the sale of video discs, music albums have also become the focus of a new round of competition!
In fact, the music of these two movies is very classic!
After the release of the movie, some of the music has begun to be sung in the streets and alleys, and even karaoke.
At the beginning of February, the music album "Song and Dance Youth" was launched, and the affordable price of 18 yuan for a box of genuine music albums, plus a series of songs such as "Mice Love Rice" and "Xiaowei" in the album are very attractive. As a result, the album sold more than 100,000 copies within three days of its release.
After the release of the music album "Youth Musical". Jay Chou's "Octave Space" was also listed at the same time, playing against "Youth Musical". I have to say that Jay Chou's appeal in the music market is even more amazing. The album "Octave Space", on the day of its release, 500,000 albums, has been subcontracted by dealers. Next, there is the news that Jay Chou fans from all over the world are queuing up to buy albums in shopping malls.
Other than that. It is to sell with music albums. Huang Xiaoming and Chen Kun were sent to the concert. As a result, the stadium with tens of thousands of seats. Fewer than 2,000 tickets were sold.
And Jay Chou is on a big concert tour. Since 2002, 10 concerts have been held. More than 70,000 concert tickets have been sold.
This huge gap made Wang Qinian realize that Huang Xiaoming and Chen Kun. is still suitable for acting, and it is obviously thankless to open up a career line in music. The music album of "Youth Musical" can be sold, and it is also stained with the light of the movie. And let the two of them go to a concert, because the audience affects them, they are actors, so there are not many people who buy it.
In essence, Chen Kun and Huang Xiaoming are domestic!
In recent years, many people have no confidence in domestic products, even in the film and television industry. Many Hong Kong, Taiwan, Japanese and South Korean are easy to mix in China. Native to China, there has been no sense of existence for a long time.
This is also the "domestic product should be self-improvement" in the field of film and television culture, domestic directors and stars must also strive for self-improvement, so that the number of fans of domestic stars is more than that of overseas stars!
Of course, when it comes to singing on other occasions, ticket sales are a bit shabby.
But in the home of the little partner company, the little partner theater, Chen Kun, Huang Xiaoming and Wang Feng, the concert held by the three people was very popular.
The 500-seat concert was held 5 times in a row, and the venue was full!
Wang Feng, an old man in the music industry, even cried excitedly at the concert! This tear actually made Wang Feng make headlines more than ten years in advance!
Wang Qinian felt a little thunderous, Toutiao, let Wang Feng go!
……
On February 6, 2002, the company held its annual meeting.
In the past year, the small partner company has ushered in tremendous development. Excluding the share of the film "Song Youth", the small partner company already has cash assets of 53 million yuan and a valuation of 32 million yuan of various fixed assets.
It can be said that in the past year, the partner company has easily completed the doubling of assets. According to last year's annual report, the company's assets were only about 31 million yuan, and this year, the company's scale has increased to 85 million yuan.
The valuation of the company's assets by the small partner company has always been relatively conservative. They are valued in terms of tangible assets such as cash and fixed assets.
As for the company's brand goodwill, copyrights, patents and brokerage contracts and other assets, the company's valuation is not counted. If these intangible assets are also included, the small partner earns more than 50 million a year, and the company is worth at least 1 billion with a conservative price-earnings ratio of 20 times. If the valuation of those Internet concept stocks is compared before the collapse of the NASDAQ bubble, then it is possible for small partner companies to be valued in billions, or even tens of billions.
Of course, this kind of valuation is meaningless for Wang Qinian! He is not ready to introduce venture capital, and he is not ready to go public, considering the valuation of chicken feathers?
Compared with the annual meeting of previous years, the small partner company put forward many new strategies. This year's annual meeting is relatively conservative, film and television, games, music, entertainment brokerage, publishing, online literature, TT voice communication, VS battle platform, real estate management, all major businesses are the company's existing business.
Any project can achieve a high rate of return as long as it continues to maintain capital investment and maintain a development speed that is not weaker than that of peers.
Adding more projects will only further distract the company.
Therefore, it is better to concentrate on the bigger project at hand and make it bigger and stronger! For example, for an online game project, after successfully operating a game, you only need to continuously increase the number of servers, and you can achieve a lot of returns during the rising period of the game market.
Real estate projects are mainly to buy some cheap commercial real estate, which can be used or rented out to obtain good cash flow.
If you don't want to make progress in terms of profits, you just use the company's cash flow to buy real estate and collect rent. In another ten years, a year's rental income can be more than the money invested in buying a house now.
However, there are too many such chartered fathers and chartered mothers in many cities in Beijing, Shanghai and Guangzhou. As a matter of fact. Most of these people are not enterprising, and they are just parasites of society and cities.
To truly maintain the progress of a country's productive forces, it still depends on labor and innovation!
At the annual meeting, Wang Qinian announced the establishment of the "Professional Ethics Department", which is at the same level as the company's legal department, but not quite the same.
The legal department mainly uses legal means to protect the interests of the company. However, the professional ethics department is mainly like the ancient factory guards, monitoring some illegal and unprofessional ethics of employees.
After the announcement of this matter. Some of the employees objected, saying, "Boss." Do you have a distrust of the work ethic of your employees? ”
"It's not a matter of distrust, it's that the forest is big and there are all kinds of birds, so it's just a matter of preventing it. Now that we're all so many, most of the employee work ethic can be trusted. But maybe there are a handful of people. Can't resist temptation. What about the fallen? Wang Qinian explained, "The establishment of this department is not to suspect anyone. Against whom, just for more formalized management! ”
Since, since the establishment of the small partner company, the employees are basically trained from newcomers, and the problem of infighting is not very obvious.
In addition, Wang Qinian's approach has been trusted by the vast majority of employees and shareholders, so even though this controversial resolution made some employees feel uncertain in their hearts, it was finally passed.
Of course, in order to better supervise everyone, this new department recruits people in secret, and they are all people who do not have close connections with the company's old employees.
The apparent "ethics issue" of this department is actually a department that secretly investigates and spies on some suspected problematic employees.
After this sensitive topic was thrown out, Wang Qinian gave everyone a sweet jujube - shareholder dividends!
For a long time, the shareholders of the small partner company have not paid dividends. But this year, it is to take out 10 million yuan to pay a generous dividend to all shareholders of the entire company.
After the release of this news, everyone in the small partner company focused on dividends, so the company's backbone employees were bought by sweet dates, and the voices of the opposite tune became more and more subtle to be inaudible.
Of course, after this dividend, Wang Qinian received the most cash. As the founder, Wang Qinian held 70% of the equity at the beginning, but after the launch of the equity incentive system, Wang Qinian took out 7% of his own equity, and several other founders took out 1% each. In this way, 10% of the equity was made up as an equity incentive fund.
At present, the equity incentive fund has successively transferred 2.7% of the equity to employees, but there is still about 7.3% of the equity left. It is expected that the fund will continue to be maintained for another five years.
After five years, if the equity incentive system continues to be maintained, either by relying on the major shareholders to continue to transfer equity to the fund, or if an employee leaves, then the equity incentive fund will use the cash obtained from dividends to redeem the equity held by the departing employees.
At present, there are nearly 100 shareholders of the small partner company. The first dividend also makes shareholders feel that holding shares is more practical and meaningful!
Of course, Wang Qinian, as a major shareholder, received the most dividends. According to Wang Qinian's shareholdings, he can get a dividend of 6.3 million yuan before tax, deduct 20% of the dividend tax, and also have 5.04 million yuan, which can effectively improve the financial situation in his personal account.
Well, at present, Wang Qinian, as a major shareholder of the company, has a long-term salary of 0. The reason for the long-term zero salary is mainly because Wang Qinian was fooled and lame by a theory - the salary of the company's founder is often inversely proportional to the company's development prospects. Many founders who don't get paid and get very little wages are hard-working and save money for the company, which can often make the company develop better. On the contrary, many founders of companies who receive high salaries before the company grows are often at risk of bankruptcy.
Wang Qinian is right to think about it, there are indeed many enterprises that do not develop well, but the salaries of executives are amazing. In many companies that are extremely awesome, the founders get a basic salary, or even 0 salary. This is because the founders truly see the company as a career, and fate is tied to the company.
In short, the pretending behavior of 0 salary made Wang Qinian not save much private money for a long time. Many of Wang Qinian's expenses, such as the mortgage loan for buying a house, are obtained from the comics under the pseudonym "Yacheng Mu Mengye" with Xiaoxiang. Therefore, the one who is counted is supported by his fiancée and eats soft rice.
After the first dividend of the company's equity, Wang Qinian can bid farewell to his career of eating soft rice. (To be continued.) )
PS: Thank you Cha Jae-an for your generous tip!
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