This celebrity is overly enthusiastic!

Chapter 173 Green Light Committee

"Chen Yuan, your idea is good, but producers who can handle things independently are as rare as directors who have achieved success in the industry. They can easily be poached by others. What you're doing is very likely to end up with nothing!"

"Normal talent mobility within the industry, there's nothing wrong with that."

Chen Yuan had worried about this issue before, but now that he has many advantages, he is no longer worried about employees jumping ship after achieving results.

The metaverse has been gaining momentum for two or three years now, and while there have been attempts to poach talent, very few have actually been recruited.
Metaverse's influence is strong enough that employees' growth potential can be fully realized, and many employees from other companies want to switch jobs to it.

Furthermore, once the metaverse grows to a certain size in the future, Chen Yuan will also support his employees to go out and start their own businesses, forming a matrix, so that his company won't be too conspicuous.

To be honest, among the projects the company was preparing, there were prizes he had won, ideas he came up with based on his memories, and scripts written by the employees themselves.

Chen Yuan wasn't sure how many of these projects would succeed or how many would fail.

If we persevere, we can cultivate a group of talents with rich practical experience in projects, and the success rate will gradually increase.

Chen Guofu was impressed by the young man's spirit. Chen Yuan was truly someone who would contribute to the entire industry and find a way out, shouldering the responsibility of being an industry leader.

What would you like me to do for you?

Chen Yuan was overjoyed. It was wonderful that such a talented man as Chen Guofu was willing to help him!
During the production of "The Edge Walker", Chen Yuan had a lot of dealings with Chen Guofu, who has rich experience in film project management, and Chen Yuan himself benefited greatly from it.

During his time as head of Columbia Pictures' Asia operations, Chen Guofu also cultivated a wide network of contacts within the film and television industry across Southeast Asia.

He can also play a significant role by building his own small overseas publicity network!

"Brother Chen, you'll be fully in charge of the film business within the Metaverse. I think Columbia Pictures' greenlight committee system is quite good."

"Brother, you could try setting up your own greenlight committee within the company, similar to what we have here."

Chen Guofu took a deep breath. Chen Yuan actually asked him to set up his own Green Light Committee in the Yuan Universe. It seems he really delegated power!

The Hollywood greenlight meeting is the most crucial decision-making process before a film project officially begins.

The greenlight committee is typically composed of the highest-ranking executives of a production company, including senior producers, heads of marketing, finance, and distribution departments.

The greenlight meeting is a very systematic process for making decisions on film projects. It is not based on personal preferences, but on a rigorous set of analytical logic.

Production companies conduct thorough script analysis, extract core competitive elements, and compare and contrast similar films to reduce the risks of new projects.

The most crucial factor is business forecasting. The greenlight committee will comprehensively assess the potential revenue of a project across all distribution channels, including cinemas, television, and merchandise.

A project can only be approved if the projected total revenue can cover the production costs and generate a certain percentage of profit.

Of course, the greenlight committee isn't perfect; otherwise, projects from major Hollywood studios wouldn't be losing money.
Over-reliance on data inevitably leads to conservative decision-making, a tendency to choose projects that conform to fixed business rules in order to cater to the market, and stifle artistic creativity, etc.

Even with its many drawbacks, it is already an incredibly advanced system for most film and television companies that can't even conduct proper market research these days!

It's not that no one sees the excellence of Hollywood; people from Hong Kong, Taiwan, and mainland China have all tried to learn from it, but without exception, they have all failed.

Even Hollywood's own greenlight committee is riddled with problems. But Chen Guofu carefully reflected on his impressions of the metaverse; there were no tangled networks of relationships, no complacent veterans.

This company was built up by Chen Yuan in just four years thanks to his unreasonable and extraordinary abilities.

The decision-making mechanism of the Greenlight Committee seems quite suitable for the metaverse, which wants to make a big splash in the film industry.

However, establishing such a mechanism within the company is not solely the responsibility of the film department; Chen Guofu also has some authority over aspects such as advertising, distribution, finance, and marketing.

This person is not just the head of Metaverse Pictures; their overall power is arguably not much less than that of Shi Nansheng, who is currently in charge of the company's overall operations.

Chen Guofu was truly surprised by many things on this trip, but he was still impressed by Chen Yuan's courage and boldness. No wonder Shi Nansheng admired this kid so much and didn't want to leave after becoming the general manager of Yuan Universe.

Chen Guofu's onboarding will take some time; he needs to sort out his personnel relationships.

Chen Yuan was also enjoying his short vacation, but he didn't really relax much; he still had a lot of things to deal with every day.

In early May, "The Edge Walker," which had been in theaters for more than a month, was gradually pulled from theaters in various countries, with only China allowing it to continue showing for another month.

However, pirated DVDs are now sold everywhere, and Metaverse and China Film Group can't keep an eye on things all the time. Ticket fraud is also common, so there's basically no hope for future results.

"The Edge Walker" grossed 3.16 million yuan at the domestic box office, becoming the first film in China to break the 3 million yuan mark, and its global box office reached 3.58 million US dollars.

Han Sanpin also wanted to do more promotion in China, and manipulate the box office to make it even higher, pushing the global total box office of "The Edge Walker" to $4 million, which would sound better.

Chen Yuan rejected the idea, stating that more than half of the domestic box office revenue would have to go to Columbia Pictures. Chen Yuan had no interest in putting on a show of wealth beyond his means.

Of these, Japan alone contributed $1.3 million, with "The Edge Walker" currently topping the Japanese box office charts this year.

Chen Yuan's films conquered Japan, but they evoked very different feelings among the Chinese public. The media rushed to report on them, and both the government and the public praised them highly.

However, Chen Yuan was well aware that the top spot was only temporary. Japan had its own unique circumstances, and Miyazaki Hayao's "Howl's Moving Castle" would definitely surpass "The Edge Walker".

The film "The Edge Walker" has also had a significant impact in other parts of Asia, with over 500 million viewers in South Korea, currently ranking second only to South Korea's own war thriller "Taegukgi".

In other places like Singapore, Malaysia, and Thailand, many overseas Chinese went to support the film because it was a rare opportunity to see a Hollywood blockbuster with a Chinese protagonist.

"Seven Swords Legend" only laid a solid foundation of popularity for Chen Yuan and Fan Binbin overseas, but after "The Edge Walker", they became the undisputed top stars in Asia.

Just as the media was giving extensive coverage to the remarkable achievements of "The Edge Walker," a report caused an uproar in the entertainment industry!

The first Forbes China Celebrity List has been released. This list ranks celebrities based on their commercial value and influence through continuous recording and analysis.

It provides a unique new perspective for observing the development of China's entertainment and sports industry, and its influence has quickly spread beyond its original scope.

In 2003, Fan Binbin ranked second on the list with a pre-tax income of 1.7 million yuan, Yao Ming ranked third with 1.2 million yuan, Zhang Ziyi ranked fourth with 2600 million yuan, and Huang Shengyi ranked fifth with 2300 million yuan.

The Forbes China Celebrity List rankings are based not only on income, but also on exposure and the influence of the works. Chen Yuan ranked first with an income of 5000 million yuan!
Almost all of that 5000 million was forced upon him by Japanese companies like Sony last year.

Nowadays, most companies really can't afford to hire Chen Yuan as their spokesperson!
(End of this chapter)