Chapter 214 Announcement (5/5)
The first thing to do when returning to China is the big thing in the circle:
Zhou Xingchi sued Hua Yi for the box office dividends of "Journey to the West"...
Then lost the case!
In fact, after Zhou Xingchi entered the mainland, all the movies were basically invested and published by Huayi. "Kung Fu" and "Yangtze River 7" include this "Journey to the West"...
This time, Zhou Xingchi suffered a loss in Huayi - he thought he was suffering a loss!
In the original "Journey to the West", Zhou and Huayi's verbal agreement was 500 million yuan. Once the box office dividing line of 500 million yuan is exceeded, Huang Zhongjun is willing to pay Zhou Xingchi's floating profits according to the floating ratio.
The total cost is 113 million, Huayi invested 77 million, and Zhou Xingchi's Xinghui Company invested the remaining 36 million.
According to the guaranteed ratio of 300 million yuan, Zhou Xingchi can get nearly 60 million yuan in remuneration, and then minus 36 million yuan in cost. "Journey to the West to Subdue the Demons" brings Stephen Chow only about 20 million yuan in income...
Do you think a lot?
From "Yangtze River VII" to "Journey to the West to Suppress the Demons", the entire Xinghui Company only had 20 million in revenue in six years!
Later, the movie was released, and the box office reached nearly 800 million in the first week. Zhou Xingchi asked the Huang brothers for money...
The Huang brothers and brothers didn't know what they were doing, but they didn't agree. They also said that 500 million refers to the net box office revenue, not the box office figure!
The net income of 500 million yuan at the box office is a bit over - "Lost in Thailand" didn't make enough money for 500 million yuan after excluding the cost!
Let’s put it this way, China’s net income of 500 million has not been made yet!
Of course, Zhou Xingchi stopped doing it!
The two sides even made trouble in court.
I only released a work in six years, and finally waited for the box office of "Journey to the West to Suppress the Demons" to be pretty good. While waiting for dividends, I continued to shoot the next step of filming "The Mermaid". But I didn't know that the dividends were paid at all, and the company also needed funds to operate.
Of course, Hua Yi won the lawsuit in the end, and Huang Zhonglei also left the very famous saying, "The judge understands movies more than Zhou Xingchi!"
In fact, the lawsuit itself is problematic. When Huayi explained the definition of "500 million box office", he or she indirectly admitted that they had an oral agreement, and the judge decided that it was invalid just because he did not sign it?
Isn’t oral agreements legal?
Journey to the West lost the case, which also means that after removing the cost, the company and him did not make much money, which is equivalent to a few years of vain.
...
After reading this report, Lu Xiaoran was a little confused: "Who can tell me what Huang Zhonglei thought?"
Zhang Jin came from the issuer's perspective: "According to the data released by Huayi itself, they spent 88 million yuan in issuance guaranteed, as well as 33 million yuan in promotion and distribution costs, and a pre-tax profit of 304 million yuan. After signing the guarantee agreement, the "Journey to the West" account sharing announcement stated that when the net income is greater than 20 million yuan, Huayi enjoys 70% of the share, and the other four investors enjoy 30% of the share. It is estimated that the pre-tax profit obtained by Huayi Brothers should be: 285 million yuan.
In fact, if I were brothers Huayi, I would not have given 177 million yuan. After all, it would be a bit too much to pay 60% of the total profit without signing an agreement, and 90 million yuan has been given!"
"What you said, Xinghui Company has taken away about 90 million in total, but this money includes the investment cost of movies, the preparations for several years, the hard shooting for half a year, and the company's operating costs for several years..."
Xinghui and Bi Gao are a company under Zhou Xingchi...
"It's not this question. I mean why Huang Zhonglei thinks that "Journey to the West to Subdue the Demons" is because of them? Isn't it Zhou Xingchi's signature role?"
"Maybe it was knocked out by the box office?"
Zhong Lifang analyzed calmly: "Actually, it may not be necessary. Huayi wants to become a movie. In the past few years of listing, Huayi's investment in movies has always made little profits. Last year, the box office was huge losses. The group mainly relied on other sections to make money. In recent years, the competitive pressure has increased. I feel that they don't want to play movies anymore!"
"…But the outside world always regards them as movies!"
"That's the problem!"
Lu Xiaoran knocked on the table: "We must realize that at least until 2030, our main business is to concentrate on films!"
Zhong Lifang interrupted him with a little embarrassment and pretended: "…Xiaoran, Orange Game is ready to go on the market..."
“…just get on.”
"Do we want to pay attention?"
"Just send an announcement... Why is the game company going public so easily?"
"We acquired a game company and went public through a backdoor..."
“…Is it profitable in gaming?”
"It's very profitable. We currently mainly do web games, with more than 20 web games, and the monthly turnover is around 800 million!"
"What kind of web game to do? Change your career to make mobile games now!"
“…The R&D department is transforming, and you don’t care at all?”
"I don't play games, why do I care about it?"
"Then did you acquire the game company?"
"...Aren't you clamoring to acquire... By the way, has the "Embroidered Uniform Guard" been completed? The movie "Embroidered Spring Sword" will be released simultaneously!"
"The North West" is withdrawn, let's pay attention to "The North West" first!"
"There is no way. "The Demon Subduing" is too fierce. "Northwest" is a dead end. Go on the 20th!"
"Where will I go to contact Zhou Xingchi?"
"Nonsense, I wrote so much, is it because of the word count of water? Just say we are willing to invest in "The Mermaid" and "Journey to the West 2"... By the way, after getting in touch, remember to issue an announcement!"
Why do we always emphasize issuing announcements?
On the second day after Lu Xiaoran returned to China, Orange Image issued a new announcement: the North American branch will soon produce seven movies: "Human Purge Plan", "Fifty Shades of Gray", "Landing", "Summoning", "Shouting Breath", "Happy Day of Death", and "Speedly Chasing", among which the director of "Speedly Chasing" is tentatively designated by Lu Xiaoran...
These may not be important. The problem is that Orange adds: all seven movies are larger dramas and are unlikely to be introduced to the mainland...
It directly triggered a plummeting stock price!
In one trading day, Lu Xiaoran's value shrank by 8%...
This made Lu Xiaoran very depressed. Didn’t you say you wanted to enter Hollywood?
Now we are completely marching. Why don’t Mao look down on us?
As the chairman, Lu Xiaoran had to explain on Weibo: "The North American market has all large-scale commercial productions. We set up a North American branch and will not produce large-scale commercial productions. We unanimously believe that the North American film market requires other types of films. Compared with the saturation of commercial films in North America, the genre film market has a vast uncultivated crowd. Therefore, we are following the path of large-scale small productions in North America..."
No use.
It is unanimously agreed that Lu Xiaoran's action is unreasonable...
Everyone is doing big productions, which means that this is the right direction!
It seems that at least the "Human Purge Plan" will be launched before Lu Xiaoran's correctness can be proved!
In fact, most mainland capital now participates in Hollywood productions...
Orange is walking too fast, collect the script and make it by yourself?
Chapter completed!