Life in the Light and Shadow of Chinese Entertainment
Chapter 0094 Awakening of Deeply Buried Memories
The film "CZ12," which was released on December 20, was also produced by Huayi Brothers. As of yesterday, a week after its release, its box office had exceeded 4 million yuan, which helped Huayi Brothers' stock price return to 45 yuan.
Wu Yang remembers that the film's final domestic box office reached over 8 million yuan, but he forgot the exact amount.
Because of the frequent positive news surrounding film and television stocks, Guangxian's stock price is very high, but its circulating shares are very few.
Many investors have repurchased Huayi Brothers' stock. Last year there was "Tang Zhen" and this year there is "Chinese Zodiac". It is said that "Journey to the West: Conquering the Demons" will be released at the beginning of next year. Therefore, many investment institutions are optimistic about Huayi Brothers' stock market again.
This attracted many retail investors to enter the market, and with more purchases, the stock price naturally rose.
……
Han Sanye and Wang Changtian had great faith in Wu Yang's judgment, but this box office prediction was too outrageous.
The two were only half-believing, but they both nodded in agreement.
After all, there were three overseas distributors present. No matter how much they didn't believe him, they couldn't publicly embarrass Wu Yang.
As for Pei Le, he pretended to be confident, but he was actually very nervous inside. After all, the original "Lost in Thailand" only grossed a little over 1 million yuan, and Pei Le was very optimistic about this sequel.
They had some ambitions for box office success, but they didn't even dream of breaking the box office record of "Tang Zhen"!
It's worth noting that the highest box office record for any of Wu Yang's Chinese-language films in China is only 5.9 million yuan.
Wu Yang is both the boss and the one who recognizes his work, which is also raising his own value. Pei Le naturally won't undermine him.
Liu Yifei, on the other hand, simply side with her relatives regardless of the facts. As long as there are outsiders present, she believes whatever Wu Yang says is right.
Looking at the expressions of everyone present, the three overseas publishers were filled with surprise and uncertainty.
They exchanged a glance, then looked at Wu Yang, who remained calm.
"I have no reason to lie to you about something like this. Trust me, you won't lose out!"
Wu Yangping's calm face wore a confident smile.
……
Ultimately, the three overseas publishers signed the buyout agreement.
First of all, these are two movies, and both are produced by Wu Yang. At worst, we can use Wu Yang's name for promotion.
The name "Wu Yang" alone is enough to get many movie fans around the world to buy tickets.
After all, Wu Yang won the Academy Awards for Best Director and Best Original Screenplay with just two films.
It also helped Leonardo DiCaprio win the Golden Horse Award, making him a globally recognized acting talent!
If this movie can truly become the box office record holder for Chinese-language films, or even surpass the box office record of "Avatar".
So even if you buy two units for $300 million, or even double the price, you can still make a fortune!
Keep in mind that at the current exchange rate, 13 billion yuan is equivalent to 2 million dollars.
American domestic films rarely exceed $2 million in revenue each year.
Moreover, given Wu Yang's current reputation, the three believed that Wu Yang would not speak nonsense.
Even if Wu Yang's promise is not fulfilled in the end, the two movies will not be lost, since this was a joint purchase by three companies, with each company paying an average of $100 million for the two movies.
They can slowly earn it back just by relying on their established DVD rental service.
No matter how you look at it, they're not losing out. Otherwise, even if Wu Yang argued endlessly, they wouldn't have bought it so readily.
To put it bluntly, businessmen are profit-driven; they won't do anything that isn't profitable.
After seeing the three publishers off, Third Master Han couldn't wait to ask, "Little Wu, was what you said just now true? Or were you just fooling those three publishers?"
"Of course it's true. Compared to breaking the box office record for Chinese-language films, $300 million isn't a huge amount of money. I have no reason to lie to them. My basis is that the total domestic box office this year has increased by 28% compared to last year."
"It's already capable of supporting a film that grosses over 10 billion yuan, provided, of course, that the film is excellent enough. 'Lost in Thailand' was excellent, so I believe it will break the box office record for Chinese-language films. As for whether it can break the box office record of 'Avatar,' there is indeed some uncertainty!"
Those present were all industry insiders and had a good understanding of the film market. After listening to Wu Yang's words and recalling the movie they had just watched, especially the jokes, they couldn't help but nod in agreement.
Although they couldn't fully agree with it in their hearts, they were all willing to believe that Wu Yang's prediction would come true.
After all, this movie is closely related to everyone present. If it can break the 10 billion yuan box office mark, it will be a source of pride for Han Sanye, as China Film Group is the leader of Chinese entertainment.
With the help of a 10 billion yuan film, Guangxian's stock price could soar!
As the producer, Wu Yang also gains substantial benefits from multiple sources.
As the director, Pei Le does not currently have any profit sharing rights, but as long as the film's box office really breaks 10 billion.
Then, the director's salary in the future should be on par with that of the four major directors, including Wu Yang!
If a sequel is made, there might be a share of the profits, even though Liu Yifei only has a cameo role in this movie.
But don't forget, this movie is a male-dominated film, with very few female characters to begin with.
Liu Yifei's role was the most outstanding, and her entrance was absolutely beautiful.
"The film 'Journey to the West: Conquering the Demons,' produced by Huayi Brothers and directed by Stephen Chow, is scheduled for release in mainland China on February 10th, the same day as ours. Will this have any impact on us?"
Upon hearing Wang Changtian's reminder, memories buried deep in his mind immediately surfaced.
Wu Yang then remembered Stephen Chow's "Journey to the West: Conquering the Demons," which almost broke the box office record of "Lost in Thailand."
The main reason is that Wu Yang doesn't really like Hong Kong stars because they have too many fuss, their Mandarin is terrible, they have all sorts of demands, and most importantly, their pay is too high and their cost-effectiveness is too low!
Therefore, since Wu Yang returned to China, there has been no cooperation with that side.
I had completely forgotten about this movie. Now I not only remembered the movie's name and plot, but also...
Stephen Chow was tricked by Huayi Brothers, apparently because of a verbal agreement.
Although the current film market can definitely help an excellent film break the 10 billion mark at the box office.
If two strong teams meet and each tries to take a share of the box office, they might both benefit from the competition, but the probability of that happening is low.
The most likely outcome is that both sides will suffer heavy losses!
"Stephen Chow's movies are still very strong, and they have a huge fan base. It would be best if they could be released at different times!"
Although Wu Yang has a grudge against Huayi Brothers, he has no grudge against money or Stephen Chow.
Moreover, this movie was the main reason for Stephen Chow's falling out with Huayi Brothers, which led to the later film "The Mermaid" which grossed over 33 billion yuan.
It would no longer be produced by Huayi Brothers. If Wu Yang's memory serves him right, he vaguely recalls that the production company was Guangxian.
Wu Yang, as one of the prominent minority shareholders, what a coincidence!
The enemy of my enemy is my friend. Let's get Stephen Chow involved and give Huayi a boost!
"Luckily, we haven't announced a release date yet. Wait a moment, I'll have someone bring down the release schedule."
Han Sanye also didn't want "Lost in Thailand" to compete with "Journey to the West: Conquering the Demons," because China Film Group had invested in both films.
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