Huayu: A Commercial Director

Chapter 274 Taking the Penguin Flying
"Wanda 40%?"

"Isn't Mr. Liu's appetite a bit too big? Are you bullying a newcomer like me?" Ren Yuxin smiled and said, "While Wanda is indeed rich, Penguin is not short of money either. Penguin can take over the remaining 50%. Besides, Wanda has been having a tough time lately. Mr. Liu, you should save some money for Mr. Wang. If the production cycle takes two years, you should leave it to Penguin."

Liu Xiaobing's expression was somewhat grim. He was well aware of Wanda's predicament, and Ren Yuxin, as a senior executive at Tencent, was even more aware of it. After all, penguins have teeth and are not to be trifled with. Tencent is currently investing everywhere, and Wanda is one of their targets.

Liu Xiaobing was aware of the problems at headquarters, but Wanda Pictures was really counting on Chen Shou, their staunch ally.

Cinemas and film studios generate the largest cash flow, which flows even faster than cash flow from real estate.

With problems arising at headquarters, he was indeed hesitant to take on too much.

"30%," Liu Xiaobing said.

“Penguins account for 20%,” Ren Yuxin said.

"Then I don't have any more." Yang Mi hurriedly spoke, glancing at Chen Shouzhe.

Among those present, she was of the lowest status, so she could only look to her man. She couldn't let him suffer a loss, could she? She was waiting for news to stimulate the stock market. Being able to participate in the film she was watching, especially Journey to the West, would naturally boost the company's stock price. The shareholders would also be happy, finally seeing the benefits.

Wanda and Penguin are both shareholders of Yangmi Corporation. They know they can't abandon Yangmi, but they also don't want their share to be too small.

The final decision rests with Chen Shou; the amount depends entirely on his will.

“The penguin is too high, let’s say 10%,” Chen Shou said.

Ren Yuxin was somewhat disappointed. It seemed that the amount would still be reduced. It was indeed difficult to get so much money in the first collaboration. However, he could still get some benefits from Yang Mi.

His decrease means that Yang Mi's decrease also means that his decrease is related to Yang Mi's decrease.

Liu Xiaobing breathed a sigh of relief; he had protected 30%.

Yang Mi smiled. 10% isn't much, but it's enough. As long as it's the production company, it already says a lot.

Her dream is to increase the company's market value to 10 billion, then 20 billion, and finally become a company worth hundreds of billions.

Of course, this is just wishful thinking; in reality, it's almost impossible.

All four parties signed the agreement, and the money arrived in full that afternoon. If they need to add more funds later, that's already written into the contract.

While other companies were eagerly contacting Chen Shouzhe, they had already signed a contract and issued a public announcement.

[Announcement from Shouzhe Pictures: The film "Journey to the West 1: Havoc in Heaven" has been officially approved and will be directed by Chen Shouzhe.]

Production companies: Guardian Pictures, Wanda Pictures, Tencent Pictures, and Secret Pictures.

Producers: Zhong Lifan, Liu Xiaobing

Audition invitations are now being sent to major talent agencies in mainland China. Interested parties can send emails to Shouzhe Film Studio's email address. Roles include...

An announcement has touched the hearts of everyone in the film and television industry.

The production company was shocked by the four production companies. They didn't think much of the first two, but the latter two were the real problems.

Tencent Pictures, another major internet company has entered the fray.

Tencent Pictures has produced films before, but they haven't really had much experience with big-budget productions. They lack the resources in this area, and good projects rarely come their way. They also don't dare to take matters into their own hands, otherwise they'll end up like Alibaba.

Now that Chen Shouzhe has brought the penguins into the venue, it's like he's taken Pakistan to the far side of the moon. Who wouldn't be jealous? Especially the Indians, no, I mean the Alis, they're the most sour.

As for the secret company, they believe that Chen Shouzhe is doing this for Yang Mi, which makes many top actresses jealous.

As expected, choice matters more than effort. The promising stocks we invested in back then are now generating billions in revenue, and the actors have become investors.

If they had taken a more initiative back then, perhaps they could have enjoyed the same treatment.

Chen kept chasing after him to feed him; how could he not have enough to eat?

“Choice is more important than effort. You heard what I just said,” Li Baibing’s younger sister, Li Baixue, said to a girl who was not yet twenty. “Choosing our company will be very beneficial to your future. We are shareholders of Yangmi Company, and we will be able to access the resources of Shou Zhao Film Industry in the future. Perhaps we can let you try out for Director Chen’s new movie and see if you can get a role or even just a cameo.”

The girl in front of him nodded vigorously, already looking forward to it. Although she had already acted in movies, Chen Shou's movies represented his resume and were more useful than the movies she had starred in.

If someone asks her what movies she's acted in, and she just says the movie title, probably no one will know it. But if you mention Journey to the West, people will know it immediately.

For example, when Guo Qilin talks about what he has acted in, he will definitely say that he played Qingfeng and Mingyue in Journey to the West, one of the two Taoist boys who scolded Sun Wukong until he broke down. The importance of good works can bring actors great fame.

“I understand, Mr. Li.” Zhou Ye nodded, his heart filled with anticipation.

Whether it's Huayi, Alibaba, or Enlight Media, they are all frustrated, even angry.

I never expected Chen Shouzhe to get so close to Tencent. Alibaba has tried to win him over countless times and has coveted the Journey to the West IP countless times, and what was the result?

Chen Shou refused to give them any chance and never intended to cooperate with them; even attempts to curry favor were futile.

As a result, Chen Shou had been flirting with Tencent for several years, and now he's finally bringing them into the game. They're starting with big projects right away. How are we supposed to compete with that?
We will definitely strengthen cooperation in the future, given that everyone knows about Wanda's situation.

In addition to the previous collaboration on Ghost Blows Out the Light, the cooperation between Chen Shouzhe and Tencent will become increasingly close in the future.

Major film and television companies knew that Tencent's entry was inevitable, after all, they had been planning for so many years and were just waiting for an opportunity. They all thought that it would be Sony that would make the move, but they did not expect Chen Shouzhe to bring Tencent directly into the market. It will be even more difficult to target Chen Shouzhe in the future, as his allies are very strong.

The state-owned enterprises were completely bewildered, especially China Film Group.

Ren Zhonglun and Director La, who were in the capital, had just finished a meeting. Facing the film company's announcement, Ren Zhonglun smiled.

“China Film Group also has no share. It seems that, like Enlight Media, it will be kicked out as well. For so many years, it has been sucking our blood without giving us any benefits,” Ren Zhonglun said with a smile.

"You are too," La Dong sneered.

“Shanghai Film Group has always had difficulty participating in his projects, but China Film Group has always been involved. It seems that he has been completely left behind. It will be difficult to see China Film Group again in the future. After all, Wanda's theaters and Tencent have money and publicity channels. The market has changed. There are only a few companies that can produce good movies,” Ren Zhonglun said.

"The Spring Festival film season is just around the corner, and with two movies being released at once, I wonder how things will turn out. I hope other companies will step up their efforts," said Director La.

"What I'm worried about now is that the market will be divided up by these two movies. It's true that the market is bigger now, but the siphon effect of good movies is too scary. The two movies that are holding onto the film studio will probably eat up everything. The higher-ups are also suppressing another movie of his, as if they have reached some kind of agreement with him."

"It's okay, China Film Group participated in the distribution of both films, and even invested in one of them."

"It's as if Shanghai Film Group doesn't exist. Shanghai Film Group is also a production company."

(End of this chapter)