From Composer to Entertainment Superstar
Chapter 695 Acquisition of Times Cinema
"The other party has generally agreed to package and sell Times Cinema, but several major shareholders of Times Cinema want to have a few words with you in person." Li Bing responded.
"Time and place?" Zhu Xu asked.
"Just these two days. I found out here that someone is also investigating Times Cinema. Something might happen. I suggest you cook it as soon as possible," Li Bing said.
"OK! I will take the team to the Times Cinema headquarters tonight. You ask them to make arrangements and we will meet tomorrow." Zhu Xu said.
After saying that, he summoned Tianhai’s professional team and headed to Yanjing overnight.
I originally wanted to call Li Tao, but after thinking about it I decided not to. Wang Xuan still needs Li Tao's help.
In the evening, Li Bing came to the hotel where Zhu Xu was staying and informed Zhu Xu of more detailed information.
"The price I offered them was 1.4 billion, and the other party generally agreed, but Times Cinema still owes about 400 million in foreign debt. The other party meant that 1.4 billion does not include the 400 million in foreign debt. That is to say, if
Tianhai spent 1.4 billion to buy Times Cinema, and also inherited Times Cinema's 400 million foreign debt, which is equivalent to a total price of 1.8 billion," Li Bing said.
"If you only owe 400 million in foreign debt and there are no other problems, 1.8 billion is acceptable," Zhu Xu said.
"I also think it is acceptable. I have investigated and found that 6 years ago, Star Group and Huamei Group suddenly entered the theater market. With large screens, new equipment, and new technologies, they quickly occupied many markets. Many small and medium-sized theater chains have
Being squeezed into bankruptcy, Times Cinema was unwilling to be eliminated. It upgraded its equipment three years ago and purchased the most advanced equipment from Europe and the United States.
Unexpectedly, even so, it still did not stop the footsteps of Star Cinema and Huamei Cinema. In just a few years, these two have developed into cinema giants. However, Times Cinema has not even developed, and even its living space has been seriously affected.
Squeezing, this is also the main reason why Times Cinema has suffered losses in recent years. If Tianhai buys Times Cinema, it can put it into use in a short time." Li Bing said.
"Normally, Star Cinema and Huamei Cinema are backed by Starlight Group and Huamei Group. They themselves are engaged in commercial real estate. Starlight Cinema and Huamei Cinema are both opened in Starlight Plaza and Huamei Plaza, which are commercial centers integrating eating, drinking and entertainment. Other cinemas take
What kind of competition?" Zhu Xu said.
"Yes, now only those theater chains with stable film sources can survive. For example, those theater chains controlled by the three giants Huayi, Starry Sky, and Great Wall. Why are the three giants Huayi, Starry Sky, and Great Wall among the theater chains?
They have such great influence because they can provide theaters with a stable source of films," Li Bing said.
Zhu Xu nodded.
What Li Bing said is consistent with Tianhai's plan to acquire Times Cinema.
Because the three giant companies, Huayi, Starry Sky and Great Wall, have huge influence in domestic theater chains, if Tianhai does not want to be stuck, it can only develop its own theater chain. Because you cannot expect Tianhai’s movies to be successful every time.
To survive a lot of pressure, we can’t expect Star Cinema and Huamei Cinema to give Tianhai’s movies high screening rates every time.
The honeymoon period is fine, but what if there are differences?
Putting your destiny in the hands of others is a very stupid act in itself.
Therefore, if Tianhai wants to become stronger and bigger, it is necessary to have its own exclusive theater chain.
Some people may ask, how many movies does Tianhai produce every year? Is it worthwhile to acquire a theater chain just for a few movies? Don’t you think it’s a waste?
The answer is worth it!
No waste!
Before asking this question, you should think about it. Star Cinema and Huamei Cinema do not have their own production centers, so why do they want to be a cinema? In the final analysis, the cinema itself can be profitable.
As long as there is popularity and traffic, theaters can make a lot of money.
After acquiring Times Cinema, Zhu Xu is not worried about the traffic problem. Times Cinema itself has been losing money for many years, which does not mean that Tianhai will also be losing money for many years after acquiring Times Cinema. Who makes Tianhai have a boss who defies heaven?
Yes, Zhu Xu’s source of confidence is Wang Xuan.
As long as Wang Xuan makes two incredible movies a year and plays them exclusively in Times Cinema, Times Cinema will be able to live a good life. Not to mention, Wang Xuan can not only film by himself, but also write scripts for Tianhai's
The director shoots it.
Tianhai now has Chen Kai and Shen Zhe, and these two are now strong enough to stand on their own. Chen Kai has become a god in the directing world, and Shen Zhe should win three or more awards at the Golden Rooster Awards and Huabiao Awards next year.
It's no problem, after all, "A Better Tomorrow" was such a hit at the box office.
And Wang Xuan is likely to win the Best Actor Award.
With Wang Xuan’s script and the abilities of Chen Kai and Shen Zhe, it shouldn’t be a problem to produce two hits a year, right?
Tianhai's director department not only includes Chen Kai and Shen Zhe, Du Feng and Wang Wei were also brought out by Wang Xuan. Over time, if Du Feng and Wang Wei can take charge of their own roles, Tianhai will be able to produce many hit movies a year.
It is not a problem to play it exclusively in Times Cinema and revitalize the popularity of Times Cinema.
Anyway, if 1.8 billion can win Times Cinema, Tianhai will make a lot of money. Let me just say that at the beginning of this year, the total box office of "A Better Tomorrow" was 3.6 billion, and the theater chain took 52% of it. It is more than 1.8 billion, and it is enough to buy
It’s time to go to Times Cinema.
Therefore, it is really necessary for Tianhai to establish its own exclusive theater chain.
Channels are the winner!
After telling Zhu Xu the detailed information, Li Bing went back to rest. The next day, the two took Tianhai's team to the headquarters of Times Cinema in secret. Several shareholders of Times Cinema greeted them at the door, and the atmosphere was still good when they met.
Although it was harmonious, after entering the conference room and taking a seat, Liu Chen, the chairman of Times Cinema, said something that made the atmosphere tense.
"Tianhai has good tricks!" This is what Liu Chen said. When he said this, his tone was a bit cold.
Zhu Xu was stunned for a moment when he heard this, and then smiled: "Why did Mr. Liu say this?"
"In order to swallow up our Times Cinema, Tianhai even took advantage of the little princess of the Ministry of Commerce. Why are you pretending to be stupid now?" Liu Chen snorted.
This chapter is not over yet, please click on the next page to continue reading! Hearing this, Zhu Xu glanced at Li Bing calmly and said with a smile: "Why don't you use the resources if you have them? Besides, isn't the problem of Times Cinema its own problem? If it weren't for Times
The theater is not operating well, so why should Times Cinemas falsify the annual report data, and why should you and I sit at this negotiation table?"
"It makes sense. There is really nothing to say about the winner and the loser." Liu Chen said.
"So let's get to the point." Zhu Xu said.
Liu Chen nodded: "I think the little princess has already told you what we mean. Tianhai can acquire Times Cinema, but it needs to inherit the current debt owed by Times Cinema, which is about 450 million, and then Tianhai will have to pay it all in one go.
We have 1.4 billion in cash.”
"No problem, we can accept this price, but before that, our Tianhai team needs to take stock of all aspects of Times Cinema's data reports and assets," Zhu Xu said.
"Of course." Liu Chen said.
At this moment, the second largest shareholder of Times Cinema said: "Mr. Zhu, aren't you afraid of losing money by acquiring Times Cinema now? In the current theater market, almost all of them are occupied by Starlight Cinema, Huamei Cinema, Dadi Cinema, and Hualian Cinema.
, the Shinkansen Cinema has a monopoly, and it is not a wise choice for Tianhai to enter the theater at this time.”
"It doesn't matter, we just want to ensure that Tianhai's movies are not stuck." Zhu Xu said.
"...."
Several shareholders looked at each other, nodded, and one of them said: "If, I mean if, we don't need any money, we can buy shares in Tianhai at the price of our existing shares, is that okay?"
Zhu Xu shook his head: "It is impossible to invest in Tianhai. Even the best actors, actresses, singers and queens in Tianhai don't have any shares now. It is possible if Tianhai acquires Times Cinema, but with 1.4 billion, it can only hold 10% of the shares at most.
, are you willing?"
"??"
"1.4 billion only accounts for 10% of the shares? No way? This seems a bit bullying."
"Yes. We don't want a penny, which is equivalent to giving a complete Times Cinema to Tianhai, and what we get back is only 10% of the shares? Isn't this a bit unreasonable?"
As soon as Zhu Xu said this, several shareholders were in an uproar.
"See? If I say this, you won't be willing to do it. If I say that in addition to only holding 10% of the shares, you have no right to intervene in the operation of the theater chain and only enjoy the right to dividends, I guess you will be even more reluctant, right?"
Zhu Xu said.
"...."
1.4 billion shares in a subsidiary, even if it only accounts for 10% of the shares, it only has the right to dividends...
Crazy?
Isn't Tianhai crazy?
Who can accept such conditions?
"So, isn't it more practical to just take the money? Anyway, you have earned enough over the years. With this 1.4 billion, you can do nothing for the rest of your life and enjoy the rest of your life." Zhu Xu said.
After the two parties reached an agreement, the evaluation team brought by Tianhai officially began to inventory the assets of Times Cinema.
This is bound to be a big project.
It is impossible to complete the inventory in one week.
At the end of the first day, the price was less than one-tenth. Zhu Xu could only call Li Tao and ask him to return to Tianhai to take charge. He himself settled down in Yanjing.
In the evening, Zhang Rongsheng, the second largest shareholder of Times Cinema, came to the hotel where Zhu Xu was staying.
"Mr. Zhu, I take the liberty of interrupting, could you please chat for a few words?" Zhang Rongsheng said.
"Of course it's convenient." Zhu Xu invited Zhang Rongsheng into the room and asked his secretary to serve Zhang Rongsheng tea.
"I wonder what Mr. Zhang wants from me?" Zhu Xu asked.
"I want to talk to you about the share purchase you mentioned today. I hold 25% of the shares in Times Cinema. If I buy shares in Times Cinema after Tianhai's acquisition at this price, how much share can I hold?" Zhang Rongsheng said.
As soon as he said this, Zhu Xu was stunned for a moment: "No, I made it very clear today. Mr. Zhang is still willing to invest in Times Cinema after Tianhai's acquisition?"
"Yes. As far as I know, when Weng Qiuping sold Tianhai to Wang Xuan, he bought shares at the price of the entire Tianhai, accounting for 12% of the shares, right? After buying shares, Weng Qiuping also had no management rights, but now, Weng Qiuping
Aren’t you making a lot of money? You don’t have to worry about anything, the annual dividend is estimated to be two or three billion, right?" Zhang Rongsheng said.
Zhang Rongsheng moved out of Weng Qiuping directly, and Zhu Xu knew that there were still smart people.
If Weng Qiuping directly sold Tianhai to Wang Xuan, he could only get 1.488 billion in one lump sum. As a result, he had the courage to directly give Tianhai to Wang Xuan in exchange for 12% of the shares. Over four years, Weng Qiuping received all the dividends.
There are already 700 million, and there will be more this year. Weng Qiuping will be able to receive at least 300 million by the end of the year, which means that in 5 years, he will have distributed 1 billion in dividends.
From now on, he will be able to receive hundreds of millions every year.
From this point of view, how smart was the decision Weng Qiuping made a few years ago!
In the same way, if Zhang Rongsheng dares to take this big gamble, as long as Tianhai can develop Times Cinema, he will make a lot of money. 10% of the shares seems small, but is 1.4 billion a lot? It is just a hit movie.
The matter of movie dividends.
If "A Better Tomorrow" at the beginning of the year were all played in Times Cinema, it would have a box office of 3.6 billion, and Times Cinema would be able to share 1.8 billion.
With Tianhai Entertainment's ability to produce hit hits, 1.4 billion is exchanged for 10% of the shares, which is really a huge profit.
"2.5%, if Mr. Zhang dares to make this huge gamble," Zhu Xu said.
"Can't it be more? I can get a few shareholders to buy shares at a price," Zhang Rongsheng said.
"Don't say goodbye to Mr. Zhang. In fact, we prefer to buy out Times Cinema directly. Let's do this. I can make the decision and give Mr. Zhang 3%, but Mr. Zhang must keep it confidential. If anyone else comes to me, this agreement will be invalid.
"Zhu Xu said.
"No problem." Zhang Rongsheng smiled and said in his heart, "I won't tell those fools."
In fact, what Zhu Xu didn't know was that Zhang Rongsheng took a lot of credit for the smooth progress of Li Bing's side. After Zhang Rongsheng learned that Tianhai was acquiring Times Cinema, he became interested and decided to embrace Wang Xuan.
idea.
This chapter is not over yet, please click on the next page to continue reading! Because he has already understood that with their current shareholders, it will be difficult for them to survive in the cracks between Star Cinema, Huamei Cinema and other major theater chains.
But hugging Wang Xuan's lap is different.
Times Cinema is in the hands of Wang Xuan. Not to mention its rapid rise, survival is definitely not a problem. The films produced by Tianhai alone are enough for Times Cinema to survive well.
So after learning that Tianhai was acquiring Times Cinema, Zhang Rongsheng took action. During the negotiations between Li Bing and them, he quietly did a lot of ideological work for the shareholders. Otherwise, several shareholders would never have agreed so readily to acquire Times Cinema.
The theater was sold to Tianhai.
When he said that just now, he didn't really want to tell those shareholders to let them buy shares. He just wanted Tianhai to give him more shares.
You can say he is selfish.
But isn’t it normal to be selfish?
He didn't stop other shareholders from contacting Tianhai to buy shares, and he even gave some hints. Who could blame them if they still couldn't take it away?
Zhang Rongsheng left, and Zhu Xu asked his secretary to call Li Bing.
"Mr. Zhu, are you looking for me?"
"Yes. What did Liu Chen mean when he said you were the little princess of the Ministry of Commerce today?" Zhu Xu asked.
"This..." Li Bing stopped talking.
"Forget it, if it's not convenient for you to say it, don't say it." Zhu Xu said.
As soon as he said this, Li Bing relaxed: "Actually, it's not inconvenient. My uncle is a leader of the Ministry of Commerce."
"So when you contacted Times Cinema, you used your connections with the Ministry of Commerce, right?" Zhu Xu asked.
"Yes. Who made them refuse to see me? I made several appointments at first, but they ignored me and even kicked me out. Then I approached my uncle and asked him to send someone to check the data.
, take me into the headquarters of Times Cinema in an open and honest manner." Li Bing said.
"...."
........
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