Chapter 328: You Can't Afford This Pot (Two in One)
"I'm fully responsible."
When Zhang Xinhua said this, his mouth was full of bitterness.
He was actually unconvinced.
It is true that he is the producer of the drama Tiandao Library, but when the company invested in this drama, it directly invited a famous director.
The director has a lot of power in the crew, and he basically handles the finances and accounts, supervises the financial situation of the crew, and ensures that the film can be completed on schedule. He feels that these jobs, as a producer, have been completed very well.
If you really say that the quality of the final product has a lot to do with him? He didn't admit it.
Before and after the work was launched, as the head of the operation of Tiandao Library, Zhang Xinhua felt that he had no problem from the operation strategy to the publicity strategy discussed with Cao Yufei.
In fact, he felt, the problem was that the quality of the work was not high enough.
Tiandao and Emperor Ruzi are two different types of dramas, which may not be easy to compare, but they have a certain similarity with martial arts. Compared with the martial arts, the Heavenly Dao they shot is indeed not good enough.
On the eve of the Spring Festival, the Heavenly Dao Library was officially surpassed by Emperor Ruzi.
Of course, this is not about the number of plays. That imaginary thing can only be taken out to blow water, and to evaluate the commercial value of a work, it still depends on the ability to absorb money.
Emperor Ruzi originally far surpassed Tiandao in terms of word of mouth, and now even his commercial performance has surpassed. What's more, people are still on the rise, and it is said that the daily new sales are increasing steadily. And Tiandao, after the large-scale propaganda ended, after the introduction of traffic was not enough, it entered a period of malaise.
Next, let alone the heavens to achieve overtaking again, it is impossible to even maintain the gap. The commercial performance between the two will become bigger and bigger over time.
This is crushed in all directions.
According to the current trend, when Tiandao finishes broadcasting the whole episode, the total sales, optimistically, may only be more than 400 million, less than 500 million. And the total investment of this drama has reached one billion yuan, which is enough to make a big-budget movie.
Even in the long run, we can withdraw some funds through other methods, but it is basically unrealistic to fully make up for the high investment.
Comparing revenue and costs, there is no doubt that Tiandao will bring huge losses to 'Rainbow Entertainment'.
According to the current audit given by the headquarters of 'Rainbow Investment', the production cost, publicity and distribution investment, and other types of resource investment are all counted, and then subtract the funds that have been withdrawn and can be withdrawn in the future, the project of Tiandao Library will bring a huge loss of more than 700 million yuan to 'Rainbow Investment'.
With this level of loss, someone will inevitably need to come out and carry the pot.
Zhang Xinhua was the first.
When he uttered the phrase 'I take full responsibility', it was at the senior management meeting of Texhong Investment.
In this executive meeting, not only David attended as the president of 'Texhong Investment', but also other executives and directors of the company, basically all of them were present. In addition, the company's headquarters in the United States also sent a number of senior executives.
Even, the chairman of the board, who has been in a state of semi-retirement, has made a special trip back from the US headquarters.
In front of these people, Zhang Xinhua knew what he meant by what he said: he was in this line of work, basically cutting off the future.
No one will use an investor who has had major failures anymore, and in the future, it will be difficult for him to get up again.
Although he didn't think that he had made too big a mistake in this matter, and even, before the work was launched, he also advised David, saying that he should not take too big steps, pay for what content, and honestly sell the copyright of the work directly. At that time, someone was willing to take over at a price of 1.3 billion.
If David had listened to him at that time, although the final investment rate of return would not be too good, it would have been a business that could be seen throughout.
But David didn't listen to him.
However, even if it were, so what?
Tiandao Library is made by 'Rainbow Entertainment', and he is the actual executor of Rainbow Entertainment. Regardless of whether he is responsible or how much responsibility he has in this matter, as long as the work fails, he is the first person responsible.
But it is obvious that he can't carry this pot alone.
"The company's investment, on this project, lost hundreds of millions of dollars, and you are fully responsible? How do you lose? A sleek white American in a suit, staring at him with a serious face, said.
Zhang Xinhua is this person, he is called Bang Kesen, an executive at the U.S. headquarters of 'Rainbow Investment', in charge of risk, and the two of them are even Xing, both of whom are graduates of the Wharton School of the University of Pennsylvania. He has been to the United States on several business trips, and he has met several times, and we have had coffee and dinner together, and we have had a very pleasant exchange because of the same educational experience.
However, here, Bang Kesen didn't have the kind appearance he had ever seen before, and his cold face was like a judge of hell.
"My resignation letter has been lodged with the Board of Directors."
Gang Kesen shook and said, "No need for a resignation letter, Zhang, your dismissal process should be completed by now, bring your personal belongings, and you can go." But please cooperate with me in my work for the next month. I will review the entire process of the project to ensure that there are no violations during the project, and if there is a record of this, we reserve the right to prosecute you. ”
Zhang Xinhua's face became worse, but he didn't say a word.
He expected this outcome.
And Bang Kesen, in the process of saying this, didn't even look at Zhang Xinhua. His eyes kept on David, who was sitting next to him.
For 'Texhong Investment', a project involving more than one billion yuan has suffered major losses, which is also an out-and-out pain.
They are an investment company, and the money, but not all of them are companies. All kinds of funds and various investment institutions are their sources of funds.
It may seem that $100 million is nothing for an investment company that is in charge of tens or even tens of billions of dollars, but in fact, the impact is very large.
This will obviously affect the confidence of investors and lay a big thunder for the future development of the company.
Zhang Xinhua can't afford this pot. He was expelled, and that was only a small part of the pot, and the other part of the pot had to be deducted by someone with a bigger head.
Like David.
He is the top person in charge of the Chinese part of 'Rainbow Investment', and Zhang Xinhua can't carry the pot, so he can only resist.
David slowly stood up, watched Lao Zhang, with a disgraced face, go out from the door of the conference room, and then turned his gaze to Gang Kesen.
Being stared at by David is a very stressful thing. His condescending and domineering attitude made him look as if he was not a loser, but he was staring at Gang Kesen like a lost dog.
This kind of gaze made Bang Kesen very uncomfortable.
He was at first instigated, but immediately he was ashamed of this feeling, and then he was enraged.
"Mr. David, can you explain why you made the decision to enter the entertainment industry in China and set up 'Rainbow Entertainment'?"
David's attitude is very calm: "Because, I think the entertainment industry has enough potential, and our funds will get a return when we get into it." ”
"That Heavenly Dao Library, this huge loss-making project is the reward you brought to us?"
"Before Tiandao Library, we invested in the production of six projects, three films, and three film and television dramas in the name of 'Rainbow Entertainment' in two years, all of which were profitable, and the overall return on investment exceeded 50 percent, do you think our work on 'Rainbow Entertainment' was a failure?"
Gang Kesen sneered, and then directly grabbed the lifeline: "But what about the Heavenly Dao Library? How do you explain the fiasco of this project? ”
He is like this, 'No matter what you say, I will say that the blood of the Heavenly Dao is lost'.
This strategy was quite successful, and whenever it came to the Heavenly Dao Library, David could only be dumbfounded.
When you lose, saying anything is like an excuse.
That's right.
Regardless of thousands of reasons, if you lose, you lose, no matter how many reasons there are, can you still turn defeat into victory?
Impossible.
David knew in his heart that this time he had lost, and he had lost badly, and it could even be said that it was the most significant defeat in his entire career.
In the past period, there has been more than one self-examination. For the failure of the Heavenly Dao, he himself has to bear 80 percent of the responsibility.
But he understands it, but he can't just admit it.
That's another story.
If he was here, and he really recognized it, he would be even more troublesome.
It's just that the gang on the other side is very aggressive.
Although David's face has not changed much, he has been very embarrassed.
At this moment, there was a knock on the table.
Everyone looked at the person who knocked on the table and was the founder of 'Rainbow Entertainment', Orison. Mr. Keane.
At the age of 60, in the past few years, he has slowly begun to not directly preside over the work of 'Rainbow Investment', and if it weren't for such a big basket in China, he would not have made a special trip here.
"Alright, let's stop here." He said.
Hear Orison. When Keane said this, Gang Kesen's face turned unpleasant: "Mr. Keane, David needs to give an explanation to the entire board of directors about this matter." ”
"I'll give it to you." Keane said, "Let Michael come to me." ”
Help Kesen shut up, or rather, he had expected this situation.
Orison. Keane would protect David like this because, David. Keane was his son.
Keane's wife is a Chinese, and he has a son in middle age, and he values his son very much. Cultivated from Xiao Xin, he is also very strict with David. After David became an adult and graduated, he was arranged to join his own company and work for two years, and then he was sent to China to establish the Chinese branch of 'Texhong Investment'.
Originally, Keane Sr.'s idea was to let David experience some years in China, experience the process of building a company from scratch, accumulate some experience, and then return to the U.S. headquarters.
But I didn't expect that my son was so capable and managed the support of the US headquarters, but he was able to lead 'Rainbow Investment' to gain a firm foothold in an originally unfamiliar country, and even made quite beautiful achievements, and developed a new territory in the United States and Europe, outside the traditional market notes of 'Rainbow Investment'.
It was a complete surprise for Keane, and it was also a considerable help to him.
It is true that Keane Sr. single-handedly established 'Rainbow Investment', but the company also has a partner. When the development of the company was not so good, the two used to be close comrades-in-arms and fought side by side. And as the two of them got older and older, cracks inevitably appeared between them, and there were some signs of power struggles within the company.
And with an excellent son and a strong glass in the overseas market, old Keane has been pressing the other person for a long time in the past.
However, he never imagined that David, who had always made him feel very proud and proud, would have such a big failure in China.
When he first heard the news, he was angry and puzzled. But now, he has only one scar: to keep David.
That is not only his strongest supporter in 'Texhong Investment', but also his own child.
With his own prestige, after forcibly ending this discussion, old Keane left David alone.
"Father, I've let you down."
Alone in front of his father, David still lowered his head, faded away the steel armor he had before, and his expression was even a little helpless and dazed.
Seeing him like this, old Keane originally wanted to say some reproachful words.
He knew that his son, David, was made of iron from the inside to the outside. Want him to have that on the look? Ever since he was sixteen, Keane Sr. had rarely been able to see him.
It can be seen that this defeat was also a heavy blow to David himself.
Sighing slightly, Keane Sr. said, "Deal with the affairs of the Chinese region, and in a few days, return to the United States with me." At that time, Gang Kesen will temporarily take over the work in China and wait for further arrangements. ”
"We've lost China?"
"Not yet, let the old Michael be proud for a while, and when he returns to the United States, there is still a battle waiting for us."
"Okay, it's up to you."
The two were silent for a while, and old Keane said, "You can get some relief from this incident." ”
"I've had plenty of introspection."